The Transmission Company of Nigeria (TCN) faced its second electricity system collapse of the year, marking a setback in the distribution of electricity across the nation by electricity distribution companies (DisCos In response to the incident, Eko Electricity Distribution Company (EKEDC) promptly informed its customers, stating, “Kindly be informed there was a system collapse at…
The Ogun State Commissioner for Education, Science and Technology, Professor Abayomi Arigbagbu, has disclosed that no fewer than 20,000 students in tertiary institutions across the country from the state, have benefitted from the ongoing Educash transfer of N50,000. While adding that 10,000 indigent students in both primary and secondary schools also benefitted from the N10,000…
American entrepreneur and crypto king, Sam Bankman-Fried was sentenced Thursday to 25 years in prison for his role in defrauding users of the collapsed cryptocurrency exchange FTX. In a federal courtroom in lower Manhattan, United States District Judge Lewis Kaplan called the defense argument misleading, logically flawed, and speculative. Kaplan said Bankman-Fried had obstructed justice…
The Federal Airports Authority of Nigeria has shut down a branch of a popular food outlet, KFC, at the Murtala Muhammed Airport, Lagos State. FAAN stated this on Thursday in a statement signed by its Director, Public Affairs and Consumer Protection, Mrs Obiageli Orah. The statement, titled, ‘FAAN shuts down KFC outlet at MMIA,’ noted…
Google says it has blocked over 5.5 billion adverts and suspended 12.7 million others for violating its policies. The search engine giant also said in a statement on Wednesday that it had removed adverts from over 2.1 billion pages. “Billions of people around the world rely on Google products to provide relevant and trustworthy information,…
The ongoing teacher recruitment exercise in Osun State was disrupted on Wednesday when hackers apparently compromised the server hosting the Computer-Based Test (CBT). The cyber-attack happened in the early hours of Wednesday and affected the server operated by Osun State University (Uniosun), which organised the recruiting test. The breach led to system glitches and technical…
President Bola Tinubu on Wednesday established a 31-man Presidential Economic Coordination Council comprising himself, the Vice President, Senate President and the Chairman of the Nigerian Governors Forum, among others. Tinubu also established a 19-member Economic Management Team Emergency Taskforce which he mandated to meet twice weekly and submit a six-month comprehensive plan of economic interventions….
Mr Diomaye Faye has officially been declared winner of the presidential election in Senegal, winning 54.28% of votes in the first round following the conclusion of collation of votes. Reports from the country’s vote counting commission, which falls under the judiciary, stated that Faye placed well ahead of the governing coalition’s candidate, former prime minister…
Ex-President Olusegun Obasanjo has underscored the connection between rising banditry and kidnapping activities in the country and the prevailing unemployment situation. Speaking at the 9th International Trade Exhibition & Conference on Agrofood, Plastics, Printing, and Packaging held in Lagos, Obasanjo emphasized the urgent need to address unemployment as a means to bolster national security. Obasanjo,…
Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S., the world’s biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week. Brent crude futures for May dropped 74 cents, or 0.9%, to $85.51 a…
