• Proposed $30bn external loans not solution to forex supply crisis, says MAN

    Proposed $30bn external loans not solution to forex supply crisis, says MAN

    According to reports, the plan by the Federal Government to borrow $30 billion external loans to tackle the country’s infrastructural needs will not address the supply gap in the foreign exchange market currently hurting private sector operators.

    Chairman, Apapa branch of Manufacturers Association of Nigeria, MAN, Mr. Babatunde Odunayo, who disclosed this at the association’s 45th Annual General Meeting, AGM, in Lagos, said infrastructure and project-tied loans served a different purpose and benefit only lender countries.

    He said government should, instead, negotiate […]

  • Jimoh Ibrahim begins campaign, pledges to restore electricity supply

    Jimoh Ibrahim begins campaign, pledges to restore electricity supply

    Factional candidate of the Peoples Democratic Party (PDP), Jimoh Ibrahim, has promised to restore electricity supply in the south senatorial district of the state.

    Ibrahim made the promise when he started his campaign in Okitipupa Local Council area on Wednesday.The candidate said he would ensure that the areas were connected to regular electricity supply within his first three months in office.

    He condemned the “I don’t care” attitude of the outgoing administration of Governor Olusegun Mimiko to the protracted outage in the […]

  • Boko Haram recruiting Borno youths to supply fuel – NSCDC

    Boko Haram recruiting Borno youths to supply fuel – NSCDC

    According to reports, the Borno command of the Nigeria Security and Civil Defence Corps (NSCDC) on Sunday raised the alarm that youths in Maiduguri are now being recruited by Boko Haram to supply fuel in Gamboru Ngala area of the state.

    The Commandant of the NSCDC, Mr Ibrahim Abdullahi told NAN correspondent, Hamza Suleiman, in Maiduguri.

    Abdullahi said the command had intercepted a reasonable quantity of fuel packaged in a carton of groundnut oil, bound for Gamboru Ngala local government area in […]

  • We’ll ensure uninterrupted power supply, says Fashola

    We’ll ensure uninterrupted power supply, says Fashola

    Former Lagos State governor and minister of Power, Works and Housing, Babatunde Raji Fashola, said the problem the power sector is facing is man-made and he is determined to ensure that the power sector works to the point where Nigeria has uninterrupted power supply.

    Fashola who is one of the speakers at the maiden edition of Made in Nigeria Festival taking place at Eko Atlantic, Lagos disclosed that his blue-print is in three phases of power-generation, steady supply of power and […]

  • We’ll ensure uninterrupted power supply, says Fashola

    We’ll ensure uninterrupted power supply, says Fashola

    Former Lagos State governor and minister of Power, Works and Housing, Babatunde Raji Fashola, said the problem the power sector is facing is man-made and he is determined to ensure that the power sector works to the point where Nigeria has uninterrupted power supply.

    Fashola who is one of the speakers at the maiden edition of Made in Nigeria Festival taking place at Eko Atlantic, Lagos disclosed that his blue-print is in three phases of power-generation, steady supply of power and […]

  • Fashola gives conditions for stable power supply

    Fashola gives conditions for stable power supply

    The Minister of Power, Works and Housing, Babatunde Fashola, has stated the conditions that must be met for Nigerians to enjoy uninterrupted electricity supply.

    The minister, who spoke to journalists in Kaduna at the end of the second edition of the National Council on Power on Thursday, said unless hoodlums stopped vandalising gas pipelines, the epileptic power supply would persist.

    Stable electricity, according to him, will only be achievable when contractors execute power contracts properly.

    Fashola noted that host communities of electricity assets […]

  • Why army stopped fertiliser supply to Yobe and Adamawa – Buratai explains

    Why army stopped fertiliser supply to Yobe and Adamawa – Buratai explains

    The Chief of Army Staff, COAS, Lt. Gen Yusuf Buratai, yesterday explained that the army decided to stop the supply of fertilisers in three troubled States of North East in order to stop the production of Improvised Explosive Device, IED, by the Islamist militants, Boko Haram.

    The COAS disclosed this while addressing the House Committee on Army led by Rep Rilma Shawulu, in Abuja, during an investigative hearing on the prohibition of use of Jerry can for purchase of premium motor […]

  • New fuel supply and pricing regime: President Buhari had no choice- VP Osinbajo

    New fuel supply and pricing regime: President Buhari had no choice- VP Osinbajo

    Vice President Yemi Osinbajo, SAN, asserted yesterday at a public book presentation event in Abuja “If there is one person in Nigeria that believes that petroleum prices should not go up by one Naira, it is President Buhari,”.

    Explaining the difficult decision announced last week by the federal government, Prof. Osinbajo said the President simply had no other option. Although the President did not want the fuel price to go up, the Vice President said “he is left with no choice. […]