Day: April 26, 2021

Nigerians to pay more for Electricity as tariff hike, MYTO review loom

Aliyu Aliyu

Fresh adjustment in the electricity tariff for electricity consumers in Nigeria is looming as the Nigerian Electricity Regulatory Commission (NERC) on Monday declared plans for the Extraordinary Tariff Review process for the 11 Electricity Distribution Companies (DisCos). NERC, which is the regulator of Nigeria’s power sector, made this known on Monday in a notice to the general public and industry stakeholders posted on its website. The review  the commission said, was pursuant to the provisions of the Electric Power Sector Reform Act (EPSRA). According to NERC, extraordinary tariff reviews are…

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Total evacuates Staff, halts $20bn Mozambique gas project after attacks

Aoko Benjamin

  French energy giant Total on Monday confirmed it is suspending work on a massive $20bn gas project in northern Mozambique following the latest jihadist assault on a nearby town last month. Total removed its remaining staff from the Afungi peninsula natural gas site after a jihadist raid in the nearby town of Palma on March 24 left dozens of people dead. It had already evacuated some workers and suspended construction in January following a series of jihadist attacks nearby. ‘In the current environment, Total can no longer operate in…

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Crypto Exchange Founder Disappears with $2bn, Lands 300,000 Users in Soup

Wonuola Olujobi

  The founder of a popular crypto exchange in Turkey has disappeared, with media reports indicating that he has fled the country with $2 billion as roughly 300,000 frustrated users have suddenly lost access to their accounts. In Turkey, the national currency lira has been in a secular decline for nine consecutive years, urging people to take some risks in a bid to protect their savings and maybe even earn something. As a result, the recent rise of cryptocurrencies predictably attracted many investors who hoped to protect their money and…

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Bandits murder two more Nigeria’s Kaduna Private Varsity Students

Aliyu Aliyu

Bandits murder two more Nigeria’s Private Varsity Student Two more students of Greenfield University, Kaduna have been killed by bandits, an official said in a statement Monday. Commissioner, Ministry of Internal Security and Home Affairs, Kaduna State, Samuel Aruwan who disclosed this development in a statement the corpses have been retrieved and evacuated to a mortuary. Aruwan said, “On a sad note, security agencies have just reported to the Kaduna State Government the recovery of two more dead bodies of Greenfield University students, killed by armed bandits today, Monday 26th April 2021. “The retrieved corpses have been evacuated to a mortuary, and the university has been notified of the development.” He added that…

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How Bandits Stormed Kaduna Church, Killed Medical Doctor, 8year-old, Others

ADEOLA YUSUF

  Graphical details have emerged on how blood thirsty bandits attacked a church during a Sunday service in Kaduna, Northwest Nigeria, killing a medical doctor and abducting many others. Another attack, which was carried out by the daredevil banditdls almost the same time in the state, claimed the life of an 8-year old and that of seven others. The fresh attacks came barely two days after the killing of three students of Greenfield University along the Kaduna-Abuja highway. About twenty of the students are still in captivity while negotiations are…

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Nigeria, World Bank bicker on Country’s Electricity Supply Hour, Others

Tade Salako

The Nigerian Government has rejected a survey conducted by the World Bank, questioning claims in the survey that 78% of power consumers in Nigeria get less than 12 hours of daily supply of electricity. The government’ which said this in a statement sent to Platforms Africa issued in Abuja on Sunday by the Special Adviser to the President on Infrastructure, Mr. Ahmad Rufai Zakari, argued that it was unclear what empirical evidence the World Bank used to arrive at the figures, insisting that power distribution to consumers is steadily improving.…

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BREAKING: Family of 10 Abducted in Nigeria’s Oyo State + Names

Gbenga Adeoti

  A family of 10 has been kidnapped at Agbo Hotel in Ajaawa community, Ogo Oluwa Local Government Area of Oyo State’ Southwest Nigeria. Radio Nigeria gathered that the victims included the owner of the hotel, Hon. Olukunle Oyedokun, his younger wife, his baby, two daughters, granddaughter, sister-in-law with her son and a guest at the hotel The abductors were said to have invaded the hotel behind CAC Primary School, Lagbedu Road at about 10pm on Saturday. The perpetrators reportedly fired shots into the air sporadically, after which they seized…

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