Author: Olumide Akinrinlola
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MTN, others get permits to generate electricity
The Nigerian Electricity Regulatory Commission has issued permits to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others for mini-grid electricity generation. The NERC said it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. According to…
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Ganduje breaks silence over 2027 presidential campaign posters
The National Chairman of the ruling All Progressives Congress, Abdullahi Ganduje, has dissociated himself from the viral poster indicating his presidential ambition ahead of the 2027 election. The poster, which has the image of the former Kano governor as the APC presidential candidate and Governor Hope Uzodimma of Imo State as his running mate, was…
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External reserves shrinks by $343m within nine days, says CBN
Nigeria’s foreign exchange reserves dipped by $342.97m to $36.53bn in nine days, data from the Central Bank of Nigeria on Sunday showed. The decline in the country’s foreign exchange reserves comes amid the recent sale of $876.26m to meet demands from importers and other users through the Retail Dutch Auction System. It also precedes the…
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Breaking: Tinubu jets out to France Monday
President Bola Tinubu will embark on a trip to France on Monday, August 19, departing from Abuja, the nation’s capital. This is contained in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale on Sunday night. Ngelale did not disclose the nature of Tinubu’s visit to France. He…
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Meet 24 Nigerian Billionaires In Oil And Gas Industry
As of August 11, 2024, Aliko Dangote, Africa’s richest person with a net worth of $12.56 billion, is advancing in various sectors. His Dangote Refinery, inaugurated on May 22, 2023, in Lekki, Nigeria, is set to be the largest single-train refinery globally, processing 650,000 barrels of crude oil daily with a $19 billion investment. The…
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FG Threatens To Withdraw Marketers Licences Over Hoarding of Fuel
The Federal Government has threatened to withdraw licences of oil marketers found guilty of hoarding Premium Motor Spirit otherwise known as petrol, following the unabated scarcity in Abuja, Niger, Nasarawa, Kaduna, and many other states. Some states, especially those in the North have witnessed continuous petrol scarcity for a while now, a situation that has…
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Russian Engineers Arrive Ajaokuta Steel Company Over Ongoing Rehabilitation
A team of 23 Russian engineers, the original builders of the Ajaokuta Steel Company, has arrived in Ajaokuta in Kogi State, to conduct a technical audit of the facility. This was confirmed by the authorities on Friday which also shares a picture of the engineers taken in front of the facility. The team, which is…
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Seizure of presidential aircraft was staged to launch N150B new jet – Sowore
Omoyele Sowore, the convener of the #RevolutionNow movement, has alleged that the reported seizure of Nigeria’s presidential jets by Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese company, was a staged event. According to Sowore, the seizure was orchestrated to garner sympathy for the new presidential jet recently acquired by President Bola Tinubu’s administration. The…
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We were under pressure to cancel 2023 General Elections – Abdulsalami
The National Peace Committee NPC on Friday revealed details of some behind-the-scenes maneuvers by partisans and other unnamed elements during the 2023 Presidential Election, disclosing how it came under immense pressure to get the Independent National Electoral Commission INEC to either halt collation of the results or cancel the election. The committee led by a…
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How 20 UNIJOS medical students were kidnapped – Police gives details
Security operatives have been deployed to rescue the 20 medical students who were abducted along the Otukpo-Otukpa-Enugu Road on Thursday evening, Saturday PUNCH has learnt. Speaking to our correspondent on Friday, the spokesperson for the state command, SP Catherine Anene, said the command, in conjunction with other security agencies, had deployed officers to ensure that…