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FG apologises to Nigerians over nationwide blackout


The Federal Government on Friday apologised to Nigerians for the poor power situation the country has been witnessing in the past few weeks. In a statement made available to our correspondent in Abuja, the Minister of Information and Culture, Alhaji Lai Mohammed, blamed the situation on gas shortage, vandalism and sabotage. He also said all efforts were being made to ...

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MAYHEM IN KETU: Ambode slams curfew, shuts market

Mayhem in Lagos

Five persons were  reportedly killed and several others injured during an ethnic crisis which broke at Mile 12 market, along Ikorodu expressway , Lagos, between Hausa and Yoruba traders on Thursday. Several shops, two religious houses , including vehicles were also razed  by the warring traders , with goods worth several millions of naira destroyed. However the Lagos State Commissioner ...

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Prepaid Meter: Anambra Electricity consumers protest, others threaten showdown

Chairman EEDC, Sir Emeka Offor

Electricity consumers from Odume Layout in Obosi on Monday stormed the office of the Enugu Electricity Distribution Company (EEDC) at Ogidi in Anambra state to protest alleged continued issuance of estimated bill by officials of the company in the area.The protesters grounded activities at the EEDC office in Ogidi, as they rejected estimated bills issued to them and demanded for ...

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Militants threaten to blow up more oil installations

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NIGER Delta Avengers, the militant group which claimed responsibility for blowing up the Forcados Terminal Pipeline in Delta State, recently, has served notice of attacks on more oil installations in the region until the Federal Government addresses its grievances. The group vowed: “Shell Petroleum Development Company, SPDC, Forcados terminal is our latest casualty. There are many more to follow in ...

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Buhari’s wife commissions N4bn Erisco Foods tomato paste plant

Aisha Buhari

…Directs regulatory agencies to check dumping of foreign products ERISCO Foods Limited on Thursday commissioned its new 450,000 tonnes tomato paste processing plant in Oregun, Lagos State, constructed at a cost of N4 billion ($150 million). Wife of Nigeria’s President, Mrs. Aisha Buhari, who inaugurated the plant tasked relevant government regulatory agencies to step up actions towards checking the import ...

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Naira falls to N345/$ in parallel market


The naira suffered its biggest daily depreciation against the  dollar  on Tuesday as it exchanged for N345 to a dollar in the parallel market. This represents N20 depreciation when compared with the closing exchange rate of N325 per dollar in the market on Friday. But the naira was relatively stable at the official interbank foreign exchange market as the interbank ...

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Senate orders immediate reversal of new electricity tariff

Power Generating Plant

The Senate on Tuesday directed the immediate reversal of the recent hike in electricity tariff announced by the Nigerian Electricity Regulatory Commission, NERC. The upper chamber, gave the directive while adopting a two-prayer motion moved by  the All Progressives Congress member representing  Bauchi North, Senator Suleiman Nazif. The  senate also asked its committee on Labour to carefully review the law ...

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N855m alleged fraud: Keystone Bank officials for trial March 1


Justice Kudirat Jose of the Lagos State High Court in Ikeja, has fixed March 1 for the continuation of trial of some top officials of Keystone Bank (formerly Bank PHB), charged for conspiring to obtain N855 million by false pretence from an oil magnate, Sir Daniel Chuwudozie. In the charge brought by the Economic and Financial Crimes Commission (EFCC), against ...

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Hike in electricity tariff: Workers reject planned picketing of DISCOs, GENCOs

Fashola and Buhari

AHEAD of tomorrow’s planned protest, electricity workers have kicked against the plan to picket the Distribution Companies, DISCOs, and Generation Companies, GENCOs, by leaders of Nigeria Labour Congress, NLC, Trade Union Congress of Nigeria, TUC, alongside civil society allies over the hike in electricity tariff, arguing that the action is misdirected. Speaking on the platform of the National Union of ...

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ECCIMA holds 27th Enugu International Trade Fair March 25 – April 4


Speech presented by the president of the enugu chamber of commerce, industry, mines & agriculture, rev. Surv. ugochukwu chime FNIS at the 27TH enugu international trade fair press briefing holding at the eccima council chamber, secretariat complex abakaliki road, enugu on THURSDAY 4th February, 2016 Members of the Executive Committee and Council of ECCIMA DG, Management and Staff of ECCIMA ...

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