Power Minister Worries Over Erratic Electricity Supply, Summons Chief Executives of AEDC, IBEDC, TCN

The Minister of Power, Bayo Adelabu has summoned the Chief Executives of Abuja Electricity Distribution Company (AEDC), Ibadan Electricity Distribution Company (IBEDC), and the Managing Director of Transmission Company of Nigeria (TCN), to a ‘crucial meeting’ over erratic electricity supply facing the country. Weeks ago, Adelabu, had identified the root cause of the ongoing electricity…

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Nikki Haley, Trump rival suspends presidential campaign, Biden woos her supporters

Nikki Haley on Wednesday suspended her United States presidential campaign for the Republican nomination after Donald Trump won the Super Tuesday. But she said former President Trump must bring her supporters into his fold. The former South Carolina governor, who became Trump’s UN ambassador and the first prominent woman of colour to seek the Republican…

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Hardship: An Unidentified Mother of three little children has reportedly committed suicide in Enugu state

It was gathered that the woman allegedly ran into a moving vehicle and died instantly, following her husband’s departure from her and their three children due to financial difficulties. It was further gathered that the incident happened last weekend in front of Ogui Police Station, Enugu. According to reports, the deceased whose identity is not…

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Ex-CBN deputy governor proposes $30bn IMF stabilisation fund to solve FX crisis

The former deputy governor of the Central Bank of Nigeria (CBN) Kingsley Moghalu has proposed a $20-30 billion International Monetary Fund (IMF) stabilisation facility to solve the lingering foreign exchange (FX) crisis. “To get out of Nigeria’s foreign exchange crisis, the FGN must very carefully consider whether it should take a formal stabilization package of…

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