The Christian Association of Nigeria (CAN) had taken an offence on the advert, describing it as provocative and offensive, while it demanded an apology from FIRS. The Federal Inland Revenue Service (FIRS) has apologised to Christians over its Easter message advertisement considered as trivialising the Christian religious belief. The tax …
Read More »IFC invests $1.25b in Indorama Nigeria for fertilizer production
The International Finance Corporation (IFC) has announced a $1.25 billion financing support for Indorama Eleme Fertiliser and Chemicals Limited, Nigeria. The investment will allow Indorama to ramp up its fertiliser production and develop a port terminal for exports, supporting food production and food security across regional and international markets, while …
Read More »We Are Lobbying FG To Secure Release Of Nnamdi Kanu —Kalu
Nnamdi Kanu (middle) ..Says SEDC Bill At Conference Committee Stage Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu has revealed that frantic efforts are ongoing to secure the release of the leader of the Indigenous Peoples of Biafra (IPOB), Mazi Nnamdi Kanu. He said that while the court …
Read More »Recapitalisation: No Need For Panic, Banks Assure Customers
The Association of Corporate and Marketing Communication Professionals of Banks (ACAMB) has said it welcomed the release of the circular of the Central Bank of Nigeria (CBN) on the banking sector recapitalisation. Recall that at the first announcement of the planned recapitalisation by the CBN Governor, Dr. Olayemi Cardoso, ACAMB, …
Read More »‘We never applied for N14.26bn loans’ – Zamfara governor faults DMO report
Dauda Lawal, governor of Zamfara state, says his administration never borrowed N14.26 billion as disclosed in the Debt Management Office (DMO) report. According to him, the debt reported by DMO was part of the proceeds from a N20 billion loan floated by the previous administration in the state. The governor disclosed …
Read More »Traders Count Losses As Fire Destroys Popular Market In Kwara State
A video of the incident seen captured the moment some of the shop owners were mourning as they watched their properties destroyed by the fire. Several shops were razed by a fire outbreak which started in the early hours of Tuesday at Owode Market in Offa, Kwara State. A video …
Read More »Discos make N1tn amid grid crisis, unmetered customers hit 5.8m
Electricity Grid Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed. The figure represents an increase of N234.4bn or 28.2 per cent from the N831bn generated by the power firms …
Read More »Nigerians to pay more for electricity as FG increases gas price
The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. …
Read More »IDP Camp Fire Incident: We Are Investigating Claims Of NGOs Involvement- Borno Govt
Borno Governor, Babagana Zulum. The Borno State Commissioner of Information and Internal Security, Professor Usman Tar, has confirmed that the government is investigating claims of some non-governmental organizations’ involvement in the fire incidents involving the Internally Displaced Persons(IDPs) Camp in the state. Tar in a statement on Sunday, stated that …
Read More »Blackout: TCN Raises Fresh Alarm Of Planned Attack On Electricity Facility
Barely a week after the national grid collapsed, the Transmission Company of Nigeria (TCN) has raised the alarm over a planned attack on its facilities in the Federal Capital Territory. The TCN spokesperson, Ndidi Mbah, in a statement, said there were alerts of planned attacks on the power installations in …
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