The company is currently fully owned and operated by the government. The Nigeria Labour Congress (NLC), has cautioned the Federal Government against going ahead with its plan to restructure the Transmission Company of Nigeria (TCN). Joe Ajaero, the NLC President, said in a statement on Wednesday in Abuja that the plan would only worsen the…
Tinubu anticipates that the new leadership across the aviation sector will uphold the safety, convenience, and comfort of the Nigerian people. President Bola Tinubu on Wednesday approved new appointments in the Aviation and Aerospace Development sector of the economy. His media aide, Ajuri Ngelale stated that the appointments were part of the president’s determination to…
The CBN urged Nigerians to continue to accept all naira banknotes for their daily transactions. The Central Bank of Nigeria (CBN) has reassured Nigerians of enough Naira notes in circulation, to cater for their cash needs. CBN’s Acting Director, Corporate Communications, Mrs Hakama Ali, gave the assurance in a statement on Wednesday. The News Agency…
Olukoyede reiterated the need for the global community to support Nigeria’s efforts towards asset recovery. The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called for urgent and unconditional return of Nigerian stolen assets stashed in foreign countries. Olukoyede said this in a statement in Abuja on Wednesday by EFCC Spokesperson,…
A security guard at the market said that there was an electric spark after power was restored following which smoke was noticed within the affected line. The Director, of Enugu State Fire Service, Okwudiri Ohaa, has confirmed the death of a fire officer during a fire incident at the Auto Parts Market, Coal-Camp, Enugu. Ohaa,…
The regional head urged everyone to be vigilant and protect IBEDC installations around them. An unidentified man, believed to be an electricity cable thief, was found electrocuted on Monday on the Mowe 33KV feeder at Ashipa village on the Abeokuta/Sagamu expressway. Abdulrazaq Jimoh, Regional Head, Ibadan Electricity Distribution Company (IBEDC), disclosed this in a statement…
Emeter said that FERMA would swing into action on mass road intervention as soon as it received the funds needed for the projects. Some road users in Lagos, on Wednesday, appealed to the Federal Government to urgently fix the failed portions around Mushin Olosha sections of Agege Motor Road causing gridlock and hardship. The road…
Obasa said the state government should urgently begin to look at better ways to alleviate poverty beyond giving out packaged foodstuff. The 2024 budget proposal of ₦2.246 trillion presented by Gov. Babajide Sanwo-Olu should be tailored towards improving the lives of residents, the Speaker, Lagos State House of Assembly, Mudashiru Obasa has said. Obasa made…
Mary Okeh, a bank customer, said the economic situation in the country needed urgent attention by the federal government. The Point of Sale (PoS) operators in Abakaliki, Ebonyi capital, have expressed concern over the current naira scarcity, calling on the Central Bank of Nigeria (CBN), to intervene to save their business from collapsing. In separate…
The minister said the rising cost of fuel and other essential items had almost made the increase useless. Alhaji Abubakar Badaru, the Minister of Defence, has appealed for an increase in the 2024 budget of the ministry over the rising cost of operations caused by inflation. Badaru said this at the 2024 budget defence before…
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