President Bola Tinubu expressed disappointment that Nigeria, despite its size, still generates only 4.5GW of electricity. He emphasized the need for innovative solutions and public-private partnerships to drive economic reforms. To address energy security, the President announced measures to increase oil production to 2 million barrels per day and electricity generation to 6 gigawatts in…
Erik ten Hag has signed a contract extension that keeps him at Old Trafford until 2026, the Premier League club announced on Thursday. There had been intense speculation over the Dutchman’s future after a poor 2023/24 Premier League campaign but he guided the club to FA Cup success against Manchester City. It was widely leaked…
The U.K.’s opposition Labour Party won a huge parliamentary majority in the country’s general election, unseating the incumbent Conservatives after 14 years. Early on Friday morning, Labour passed the threshold needed to govern alone as outgoing PM Rishi Sunak conceded defeat. Keir Starmer, leader of the center-left Labour, will become the country’s next prime minister…
Nigeria will face Benin, Libya and Rwanda in Group D of the qualifiers for the 2025 Africa Cup of Nations (AFCON qualifiers) in Morocco as unveiled on Thursday at the draw ceremony in Johannesburg, South Africa. The 2025 AFCON will be played from December 21, 2025 to January 18, 2026 following the decision of CAF…
Lagos State has received an additional 13 Band A feeders following approval from the Nigerian Electricity Regulatory Commission (NERC) NERC on Wednesday approved the upgrade of 13 more feeders from Band B to Band A for Ikeja Electricity Distribution Company (IKDC), Lagos, confirmed the development in a statement on its X handle. Premised on our…
Fidelity Bank PLC combined N127.1 billion rights and public offer have struck early success as enthusiastic shareholders mobilise to pick their pre-allotted shares and buy more stakes in the Bank. Shareholders said “they would pick their rights and buy more shares from the public offer in a massive show of support and positioning in the…
The Federal Government, through the Ministry of Solid Minerals Development, has increased the fees and rates paid by mining firms. Minister of Solid Minerals Development Dele Alake announced the price rise during a news conference held at the ministry’s headquarters in Abuja on Thursday. He disclosed that the administration increased a total of 286 rate…
Twenty-five soldiers with the Democratic Republic of Congo’s army have been sentenced to death for fleeing battles against the notorious M23 rebels in the conflict-hit east of the country. The soldiers were also convicted of theft by a military tribunal as they stole goods from shops in a nearby village after abandoning their positions, an…
Angry youths in Benue State have set ablaze the Independent National Electoral Commission (INEC) office in Sankara, the headquarters of Ukum Local Government Area. The Resident Electoral Commissioner (REC) for the state, Sam Egwu, informed the INEC headquarters in Abuja that the incident occurred at 2 pm on Wednesday, July 3. According to a statement…
The Senate, on Wednesday, raised an alarm over the influx of substandard Premium Motor Spirit (PMS) popularly known as petrol, and Automotive Gas Oil (AGO) or diesel into the Nigerian market. In a matter of urgent national importance, Senator Asuquo Ekpeyong observed that on June 16, 2024, a report revealed that 12 diesel cargoes conveying…
