The Minister of Power, Chief Adebayo Adelabu, on Sunday, said that over 40 per cent of Nigerians now enjoy 20 hours of electricity supply daily. He explained that the feat was achieved, following certain revolutionary measures taken by the government to ensure that Nigerians enjoyed a more stable and regular electricity supply. The minister in

The Federal Government incurred an electricity subsidy obligation of ₦380bn in the second quarter (Q2) of 2024. According to the Nigerian Electricity Regulatory Commission’s quarterly report released on Friday,  the electricity subsidy bill dropped by 40 per cent to ₦253.24bn in Q2, from ₦633.3bn recorded in Q1. It stated: “It is important to note that

The Economic and Financial Crimes Commission (EFCC) has declared oil mogul Bolaji Akinduro wanted for alleged fraud. A statement by the EFCC urged the public to provide information on Akinduro’s whereabouts. His last known address is 272, Patience Coker Street, Ajose Adeogun, Victoria Island, Lagos State. Akinduro, 51, is the executive chairman of Total Grace

Dangote Group is looking to start production at its two Nigerian oil assets in the fourth quarter of 2024, after enduring months of crude supply woes, a report by S&P Global Commodity Insights has said. The report quoting company sources said Dangote is currently seeking a floating production, storage and offloading vessel with a capacity

The Chairman of the Senate Committee on Agriculture and Rural Development, Senator Saliu Mustapha, has advocated for the introduction of compulsory, hands-on agricultural studies at the secondary school level. The senator made the appeal during a public lecture organised by the Department of Agricultural Extension and Rural Development at the University of Ilorin on Thursday.

Super Eagles of Nigeria on Friday evening secured a crucial 1-0 victory over Libya in their AFCON 2025 qualifier, thanks to a late strike from substitute Fisayo Dele-Bashiru. In the dramatic game in Uyo, Akwa Ibom State capital, Dele-Bashiru stole the spotlight, delivering a late-game winner that gave Nigeria a hard-fought victory. The midfielder, brought

A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or operating an existing one. According to the bill, titled “A Bill for an Act to Provide for the Assessment,

Elon Musk on Thursday unveiled what he claimed was a robotaxi capable of self-driving, predicting it would be available by 2027 — about a decade after he first promised an autonomous vehicle. The Tesla CEO said the fully electric car — which has no steering wheel or pedals — would be priced under $30,000, charged

Italian flag carrier, Neos Airline, has announced its plan to commence direct flight operations from Italy to Lagos, Nigeria. The airline through its handlers Sky Master, made this announcement on Friday at the launch of the airline’s direct flight to Nigeria in Ikeja, Lagos, with stakeholders in the industry, regulators and prospective clients. Sky Master,