A chopper transporting Herbert Wigwe, the CEO of Access Holdings, has crashed, killing him as well as about five others in California, United States. Sources said the chopper was headed to Las Vegas when it crashed near a border city between Nevada and California on Friday night. The US government confirmed all on board dead. Details Later…
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South African President Cyril Ramaphosa said Thursday that an end to crippling power cuts was “within reach” and pledged thousands of new jobs in a key speech ahead of knife-edge elections this year. With his historically dominant African National Congress (ANC) party struggling in the polls, Ramaphosa used a state of the nation address to highlight steps taken to address the prolonged energy crisis that has vexed businesses and families alike. We are confident that the worst is behind us and the end of load shedding is finally within reach,”…
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California museum on Thursday returned seven royal artefacts to Ghana’s traditional Ashanti king to commemorate his silver jubilee in the first planned handovers of treasures looted during colonial times. The ceremony came as pressure grows for European and U.S. museums and institutions to restore African artefacts stolen during the rule of former colonial powers Britain, France, Germany and Belgium. The Ghana royal treasures from the Fowler Museum, including a gold necklace, an ornamental chair and an elephant tail whisk, were presented during a ceremony of chiefs at the Manhyia Palace…
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Paul Kagame, the President of Rwanda, is set to step down from his role as leader of the African Union (AU) reform process. Since assuming this position in 2016, Kagame has collaborated with experts from across Africa to enhance the efficiency of the AU. The decision to relinquish his duties was announced during a meeting with the reform team at Urugwiro village in Kigali, the capital of Rwanda. This hybrid meeting, attended by Moussa Faki Mahamat, Chairperson of the African Union Commission (AUC), focused on the implementation of the reform…
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The Economic and Financial Crimes Commission (EFCC) yesterday declared Margaret Dumbiri Emefiele, wife of embattled former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele wanted. Also declared wanted by the anti-graft agency were Eric Ocheme Odoh (m), Jonathan Omoile (m) and Anita Joy Omoile (f) for alleged for allegedly conniving with the immediate past CBN governor to convert “huge sums of money” belonging to the Federal Government. The EFCC, in a public notice, also accused the wanted persons of committing felony to wit: obtaining money by false pretences…
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The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has said that the apex bank will no longer give Ways and Means to the Federal Government until the previous loans are repaid. Olayemi noted that it was one of the measures taken by the apex bank to curtail the economic country currently plaguing the country. Ways and means is the money that the CBN lends to the Federal Government in the meantime to augment spending based on the time the revenue is generated. Cardoso on Friday alongside the economic…
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President Bola Ahmed Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. According to the spokesperson of President Tinubu, Ajuri Ngelale, who disclosed this in a statement on Friday, the bill, initially sponsored by Honourable Babajimi Benson, who represents the Ikorodu Federal Constituency in Lagos State, was passed by both houses of parliament in July and November 2023, respectively. READ ALSO NERC Penalises 11 DisCos, Slashes N10.5bn From Revenues + Reason Dufil Prima Appoints Chain Reactions As PR Consultant For Indomie Noodles 172 Cases Of Kidnapping Recorded In…
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The Nigerian Electricity Regulatory Commission (NERC) says it has sanctioned 11 electricity distribution companies (DisCos) for non-compliance with the capping of estimated bills for unmetered customers. The commission, on Friday, declared that it would deduct N10,505,286,072 from the annual allowed revenues of the 11 power distribution companies during the next tariff review as part of sanctions over their non-compliance with the capping of estimated bills for unmetered customers. NERC, in a notice seen by Business Standards, stated that the billing of unmetered customers in their various franchise areas for 2023…
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