Barely 16 months after the establishment of the New Edo Line Company, the state-owned transport company, Edo State Governor Monday Okpebholo has relieved two managing directors/chief executive officers of their appointments. DAILY POST reports that the governor has appointed three managing directors to run the affairs of the company within the period. DAILY POST recalls…
By Emma Ujah, Abuja Bureau Chief The Federal Government has disagreed with the World Bank on the latter’s debt servicing/revenue ratio for the first half of 2026, put at 124 percent. The bank in its recent Nigeria Development Update (NDU) reported that federal government debt servicing was 124 percent above its revenue. However, the Federal…
With the Federal Government’s debts to power generation companies hitting the N6 trillion mark at the end of 2025, the government has gone to the bond market to raise funds to make up for its inability to fund electricity subsidies from the national budget. NERC, in its 2025 industry report, put the Federal Government’s gross…
…says party no better than APC By Luminous Jannamike ABUJA – Senator Rabiu Musa Kwankwaso, vice-presidential candidate of the Nigeria Democratic Congress, NDC, has ruled out withdrawing from the 2027 presidential race in favour of the African Democratic Congress, ADC, declaring that the opposition party offers no better alternative to the ruling All Progressives Congress,…
By Johnbosco Agbakwuru & Adeola Badru ABUJA — THE Presidency yesterday described as false Oyo State governor, Seyi Makinde’s latest claim that the federal government was withholding N250 billion in NLNG dividend windfall for each state of the federation, asking that it be disregarded. Read Also: DisCos’ revenue rises 450% as debt profile hits N700bn…
Supply grows by 4.8% Available plant capacity falls by 41% 13 years of privatisation yield little results FG turns to bonds to tackle N6trn debt Power supply has improved, Power Minister insists Consumers, experts react Revenue collected by Nigeria’s electricity Distribution Companies (DisCos) rose by about 450 per cent in eight years, from N218.16 billion…
The vehicle of Innocent Umar Jabayang, the All Progressives Grand Alliance (APGA) candidate for Jalingo, Yorro and Zing Federal Constituency in the upcoming general elections, has reportedly been attacked by political thugs. The attack, which occurred during the weekend in Yorro Local Government Area, has continued to ignite reactions across the constituency. Condemning the attack,…
Luis Diaz hit a hat-trick as Bayern Munich pummelled a listless RB Leipzig 6-1 on Saturday to climb to the top of the Bundesliga. Borussia Dortmund had briefly edged ahead of Freiburg into top spot after their earlier draw at Union Berlin, but Bayern responded in typically ruthless fashion. In his 100th Bundesliga match, Harry…
By Hadiza Yusuf Two suspected bandits have been killed by local hunters, while ₦10 million paid as ransom for a kidnapped man has been recovered in Falgore Forest, Doguwa Local Government Area of Kano State. This was contained in a statement by CSP Abdullahi Haruna Kiyawa, Police Public Relations Officer on Saturday. According to the…
Three junta-ruled Sahel states on Saturday resumed dialogue with the ECOWAS regional bloc which they quit over 18 months ago, agreeing to work together towards a cooperation “framework agreement”. Niger, Mali and Burkina Faso, led by juntas that came to power between 2020 and 2023, left the Economic Community of West African States in January…
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