Day: August 23, 2024

‘Manufacturers, Others Boycott National Grid,’ Power Minister Laments

Ganiyu Amodu

. ‘MD customers now generate their electricity off-grid,’ here is what Adelabu said.   The Minister of Power, Adebayo Adelabu, has expressed dismay at the decision of majority of Nigerian manufacturers, industries and other bulk electricity users to boycott the country’s national grid for other alternatives. He made this known on Thursday in Lagos, during his speech at the retreat of the board of the Nigeria Electricity Liability Management Company, where he attributed the development to lack of trust and confidence in the power sector. The minister, however, insisted that…

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NNPC Shares Update on Northern Oil Exploration Efforts

ADEOLA YUSUF

..Pledges Continued Support for Federal Government’s Ambition in Frontier Regions The Nigerian National Petroleum Company Limited (NNPC) has provided updates on its crude oil exploration activities in the Northern part of the country, reiterating its commitment to achieving the Federal Government’s aspirations in the frontier basins. “The company has been actively drilling in basins in and around Northern Nigeria, as a result of the need to increase oil exploration in the country’s frontier basins”. This was contained in a publication authored by the Chief Corporate Communications Officer, NNPC Ltd, Olufemi…

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N60bn Spent To Truncate Democracy Through EndBadGovernance Protest – Kaduna Gov

Abibat Babalola

Kaduna State governor, Uba Sani, has said the recent nationwide protest in Nigeria was far from agitation against hunger, saying some politicians funded it to effect regime change. Nigerians had between August 1 and 10, embarked on what was tagged the “EndBadGovernanceinNigeria” protest, to condemn hunger and economic hardship in the country. Speaking in an exclusive interview aired on TVC and monitored by Salient Times, Governor Sani alleged that over N60 billion was spent by some politicians to undermine Nigeria’s democracy through the protest. The Governor decried the violence and…

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‘N595 To N780/Litre,’ Depots Hike Petrol Loading Price

Abibat Babalola

. IPMAN speaks on 31% increment, implication for pump price       The ongoing fuel scarcity in Lagos, Ogun, and other states worsened yesterday as independent marketers began purchasing the product from private depots at N780 per litre, up from N595 per litre—a 31% increase. According to Chief Chinedu Ukadike, Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), the price hike reflects the current demand and supply dynamics in the domestic market. Despite the challenging situation, he expressed optimism that conditions could improve in the…

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Kudirat Kekere-Ekun; 10 Facts About New Chief Justice of Nigeria

Abibat Babalola

“The 66 year-old iron lady was the no-nonsense Chairman of the Robbery and Firearms Tribunal, Zone II, Ikeja, Lagos from November 1996 to May 1999.” President Bola Tinubu Friday, sworn in Justice Kudirat Kekere-Ekun as the new Chief Justice of Nigeria. The Special Adviser to the President on Media and Publicity, Ajuri Ngelale, earlier gave the hint in a statement. The swearing-in ceremony took place at the Council Chambers of the State House in Abuja, the nation’s capital. READ ALSO: Oando Exited OVH Three Years Before NNPC Retail Buy Out,…

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Oando Exited OVH Three Years Before NNPC Retail Buy Out, By Femi Awoyemi

ADEOLA YUSUF

“How a key investor (who also happens to be a business associate of a former Vice President) sought to exit its investment in the ConocoPhillips at that time when Oando was seeking to raise funds to invest in the transaction, for which it later got entangled with the SEC,” Chief Executive of Proshare Limited offers independent views on the allegation made by former VP Atiku Abubakar   There is no equivalence with evidence in the financial, business, and economic space, as it is done in the political space. Records exist…

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