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EEDC has announced the full restoration of power supply to its customers in parts of Anambra, including Awada, after a recent power outage caused by a fault at the TCN Station in Awada. The distribution company apologized to affected customers and thanked them for their patience. The EEDC emphasized the impact of disruptions within the electricity supply industry and the financial loss incurred during the outage.
Nigeria's recent repeal of the 1988 Arbitration and Conciliation Act and introduction of the 2023 Arbitration and Mediation Act have brought significant changes to the country's legislative framework, enhancing its position as an arbitration hub in Africa. This article explores the criticisms of the previous act and highlights notable changes introduced by the new act, including the option of an Award Review Tribunal, recognition of third party funding, and provisions for consolidation of proceedings.
Nigeria has awarded contracts to 42 companies to capture and monetize gas that is released as a byproduct of oil production. The country aims to reduce gas flaring, which costs it approximately $1 billion in lost revenue each year. The successful bidders will develop 49 sites in the oil-producing Niger Delta. Gas flares pose health hazards to communities and contribute to global warming. This move highlights Nigeria's commitment to addressing environmental concerns while harnessing its energy resources for economic growth.
An analysis of the court order that has prevented the PDP from suspending Nyesom Wike, despite his alleged anti-party activities.
Lagos State Building Control Agency (LASBCA) has begun the process of removing eight distressed structures in Lagos Island, Mushin, and environs. This move is aimed at preventing building collapse, minimizing property loss, and safeguarding lives. The affected buildings include multiple flats and a four-floor residential building in various parts of the state. The LASBCA's action is a proactive measure towards maintaining the structural integrity of buildings in Lagos.
After a two-year delay, Nigeria has finally started the freight services on the long-awaited Lagos-Ibadan train line. The Minister of Transportation flagged off the cargo train, which will operate on a temporary single track until a customs scanner is removed. This development is expected to decongest the Apapa Port and ease transportation of goods across the country.
The Federal Capital Territory Administration (FCTA) under the leadership of Minister Nyesom Wike has released a list of 135 roads set to undergo rehabilitation and resurfacing. The projects primarily focus on the Wuse, Garki, Gwarimpa, and Maitama Districts of Abuja. This article explores the significance of this massive infrastructure development for the Federal Capital Territory.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed his determination to investigate the recent garnishee order of over $600 million against the FCTA. He pledged to ensure that such occurrences do not happen again while emphasizing the need for transparency and accountability in his administration. The minister also urged the newly sworn-in mandate secretaries to work together, communicate, and support each other to overcome challenges and achieve their goals.
Nigeria's Vice President office has initiated a partnership with Micro, Small, and Medium Enterprises (MSMEs) to improve the economy and create jobs. The interventions will benefit 1.3 million people across 17 states and the Federal Capital Territory. These measures aim to fulfill the government's commitment to job creation and economic diversification, with MSMEs playing crucial roles. Various initiatives, including the establishment of shared centers, installation of solar panels, and the development of fashion hubs and furniture clusters, will contribute to this goal.
The Apapa Command of the Nigeria Customs Service (NCS) has generated a record-breaking revenue of N676 billion for the Federal Government between January and August. The customs officials were applauded for their teamwork, diligence, and zero compromise approach, which led to the highest monthly and daily revenue collection in the history of the Nigeria Customs Service in August. The Assistant Comptroller General of Customs, Auwal Mohammed, emphasized the importance of adhering to import and export prohibition lists and encouraged officers to rededicate themselves to service.
Operatives of the Nigeria Security and Civil Defence Corps (NSCDC) have apprehended Pastor Michael Ogundepo in Akure, Ondo state, for an alleged N1.6m visa scam. The pastor is accused of seizing a victim's passport and converting N1.67m for personal use. This incident highlights the need for individuals to be cautious and verify the authenticity of visa application services.
Pedro Obaseki, a chieftain of the Peoples Democratic Party (PDP), has launched a scathing attack on Nyesom Wike, accusing him of undermining the party's structures to pave the way for his own presidential bid in 2027. Obaseki emphasizes Wike's self-serving motives and highlights the defections of key PDP leaders as a result of Wike's actions. The tension within the party raises concerns about the future of Nigerian politics.
The Federal Capital Territory (FCT) Police Command has dismissed reports of 30 residents being killed in the Kuje Area Council due to a landslide caused by illegal mining activities. The Commissioner of Police, Haruna G. Garba, stated that the news is false and misleading, intended to create fear and panic among Nigerians. He assured the public that the FCT is the safest and most secure part of the country.
Nigeria's central bank has issued a circular barring banks from using one-off foreign exchange gains to pay dividends or meet operating expenses. This move comes after several banks reported robust half-year earnings due to currency devaluation. President Bola Tinubu's reforms have allowed the currency to weaken by over a third, saving billions of dollars but exacerbating the cost of living crisis. The central bank has instructed banks to set aside the foreign currency revaluation gains as a buffer against potential adverse movements in the exchange rate. Despite this restriction, top tier lenders such as GT Bank and Zenith Bank have declared interim dividends, boosting sentiment in the stock market.
Lauretta Onochie, the former chairman of Niger Delta Development Commission (NDDC), has called for the arrest of Peter Obi, alleging that he is instigating violence in Nigeria. This article explores the motivations behind Onochie's claim and examines whether it is a desperate move or a valid concern.
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