“​Tinubu will survive, be re-elected in 2027” – APC

Aminu Imam
Tinubu2027

…Says Atiku, Obi’s renewed plot shall fail In the wake of the seeming political re-alignment between Atiku Abubakar, of the Peoples Democratic Party (PDP), and Peter Obi, of the Labour Party, an All-Progressives Congress (APC) group has declared that no amount of renewed plot can stop President Bola Ahmed Tinubu from being re-elected in 2027. The APC group, under the aegis of National Progressive Hub (NPH), further stated that President Tinubu will survive whatever plot hatched by Atiku and Obi. The position of the APC group is coming few days…

Read More

Electricity: ‘Most DisCos are insolvent” — NERC

Aminu Imam
NERC on DisCos

The Federal Government says that most of the electricity Distribution Companies (DisCos) in Nigeria are technically insolvent, as they are unable to meet their financial and operational obligations. Chairman of the Nigerian Electricity Regulatory Commission, (NERC), Engr. Sanusi Garba, made this known yesterday, while speaking at the 8th Africa Energy Market Place 2024, which was held in Abuja. According to Garba, the DisCos can’t pay for invoices sent to them from the electricity market and invest in network expansion projects. He stated that the appalling financial state of the DisCos…

Read More

Crude oil: ​Ɗangote Refinery to source 24m barrels from US​​

Aminu Imam
Dangote Refinery

Ɗangote Refinery is set to purchase at least 24 million barrels of United States’ (US) crude oil over the next one year amid Nigeria’s crude oil production shortfalls. Bloomberg revealed the plan in a report, stating that refinery issued a term tender to buy two million barrels per month of West Texas Intermediate Midland crude for a year starting in July. This amounts to 24 million barrels of US crude in one year that the $20 billion refinery established by Africa’s richest man, Aliko Ɗangote​, will purchase over the period.…

Read More

Senate suspends move to stop electricity tariff hike

Aminu Imam
Senate approves

The Senate has suspended the consideration of a report recommending the suspension of the increase in electricity tariff by the National Electricity Regulatory Commission, (NERC), pending legal advice. The resolution was a sequel to a point of Order raised by the Chairman of the Senate Committee on Rules and Business, Titus Zam, during the plenary. The Deputy Senate President, Barau Jibrin, announced the resolution after a majority of the senators supported it through voice votes. Recall that in February, the Senate rejected the increase in the electricity tariff and directed…

Read More

“Prevail on Niger, Mali to return to ECOWAS” – Tinubu asks Senegal’s Faye

Aminu Imam
Tinubu Faye

President Bola Ahmed Tinubu, on Thursday, received President Bassirou Diomaye Faye, of Senegal, and called for an alignment in West Africa to effectively address the challenges confronting the region. Speaking during a meeting with the Senegalese President at the State House, President Tinubu said West Africa must work together to defeat the hydra-headed problems of terrorism, banditry, human trafficking and poverty. He advised that leaders in the region must make the people the point of convergence in governance, noting that the essence of democracy is lost when the people are…

Read More

EFCC makes history, launches first Anti-Corruption Radio in Africa

Aminu Imam
EFCC Radio

The Economic and Financial Crimes Commission (EFCC) has launched its Anti-Corruption Radio in Abuja, which is also the first of its kind in Africa. The ‘EFCC Radio’ 97.3 FM, was established to provide day-to-day information, enlightenment, entertainment and campaigns against corruption in the country. At the Inauguration of the Station, Minister of Information and National Orientation, Mohammed Idris, and EFCC boss, Ola Olukoyede, bared their minds on the menace of fake news, stressing that all efforts should be geared towards fighting it. Idris said: “As a Minister, we feel very…

Read More

Abia: ​Ex Gov. Ikpeazu transferred ₦10bn airport funds onto 32 different accounts – Gov. Otti

Aminu Imam
Alex Otti Ikpeazu

Abia State governor, Alex Otti, has alleged that the immediate-past administration of Okezie Ikpeazu, transferred the N10 billion airport funds into 32 different individual company accounts. Otti made this known during his monthly media chat, tagged: “Governor Alex Otti Speaks to Abians”, which was held at Government House Umuahia,  the State capital, on Thursday. According to the Governor, the N10 billion had already been transferred from the State government account before they approached the Abia State House of Assembly for approval. While noting that Okezie’s denial was not unexpected, Otti…

Read More

FAAC: FG, States, LGCs share N1,208.081tr for April

Aminu Imam
FAAC alloc

The Federation Account Allocation Committee, (FAAC),  shared a total sum of N1,208.081 trillion to the three tiers of government as Federation Allocation for the month of April, 2024, from a gross total of N2,192.007 trillion. ​According  to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who disclosed this after ​chairing  the FAAC May 2024 meeting, stated that from the amount, inclusive of Gross Statutory Revenue, Value-Added Tax (VAT), Electronic Money Transfer Levy (EMTL), and Exchange Difference (ED), the Federal Government received N390.412bn, the States received N403.403bn,…

Read More

World Bank blacklists 58 Nigerian companies, individuals over corruption

Aminu Imam
World Bank

The World Bank has blacklisted 58 Nigerian companies and individuals for engaging in corrupt practices, a move it says is part of the institution’s on-going efforts to uphold integrity and transparency in its projects and operations. Among those affected are 39 Nigerian companies previously debarred by the African Development Bank (AfDB), along with 19 individuals identified by the World Bank under the cross-debarment policy. The total number of debarments now stands at 58, rendering the implicated entities ineligible to participate in projects and operations financed by institutions of the World…

Read More

Electricity tariff hike: NLC, TUC threatens to shut down dams

Aminu Imam
NLC TUC

The Organised Labour in Niger State has threatened to shut down the hydropower dams in the state following the high electricity tariff. They issued the threat during a protest to the Abuja Electricity Distribution Company, AEDC, office following directives by the national body of Nigeria Labour Congress, (NLC). Addressing the protesters, the Chairman of NLC in the state, Idrees Lafene said the State reserves the right to enjoy 24-hour power supply at a lower cost. “This dam belongs to the people; that is why NLC and TUC have agreed that…

Read More