Naira Rebounds Against the Dollar At Parallel Market
The Naira recovered against the United States (US) dollar at the parallel market as it appreciated to N1280/$, according to market information obtained by Nairametrics from currency traders. This implied that the Naira appreciated by N120, representing a gain of…
Repositioning EFCC: Olukoyede Effects Critical Challenges, Makes New Appointments
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede has appointed Mr. Michael Nzekwe as his Chief of Staff. He has also appointed Zonal Directors for each of the 14 Zonal Commands of the Commission. Nzekwe,…
Misappropriation, Others: Court Jails Three for N17.6m Fraud
The Maiduguri Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, April 22, 2024, secured the conviction and sentencing of three fraudsters before Justice Umaru Fadawu of the Borno State High Court, Maiduguri. The convicts are Mohammed…
Four Towers Vandalized Along Jos – Gombe 330kV Transmission Line —TCN Reveals
The Transmission Company of Nigeria (TCN) has disclosed that four towers along the Jos – Gombe 330kV transmission line have been vandalised at about 3:32pm on 22nd April, 2024. This was revealed in a statement signed by its General Manager,…
Tinubu Administration Set To Roll Out Presidential CNG Initiative
After the removal of fuel subsidy on May 29, 2023, President Bola Ahmed Tinubu launched the Presidential Compressed Natural Gas (CNG) Initiative in October last year to deliver cheaper, safer and more climate friendly energy. The CNG Initiative was designed…
DG NCAA Seeks Collaboration with Transport & Aviation Correspondents, Tasks Media Practitioners
The acting Director General, Nigerian Civil Aviation Authority (NCAA), Capt. Chris Najomo, at the weekend tasked media practitioners on correct narrative of events that bring about positive impact to the agency, the aviation industry and wealth of the country amongst…
EFCC Vows To No Longer Tolerate Obstruction of Our Operations
The Economic and Financial Crimes Commission (EFCC) has warned members of the public that it is a criminal offence to obstruct officers of the Commission from carrying out their lawful duties, declaring the former Governor of Kogi State, Alhaji Yahaya…
Shocking As Power Generation Now Down By 32.3%
Amid controversy that greeted the recent increment of electricity tariff in Nigeria, power generation in the country has nosedived to 2,775 megawatts (MW) yesterday.The new figure represents a 32.3 per cent decline from 4,099.87MW recorded last week. This was contained…
Benue LG Polls: BSIEC Fixes Date, Takes Steps For Credible Election
Hope for a democratically elected local government leadership is high in Benue State with a date fixed by the electoral body, the Benue State Independent Electoral Commission (BSIEC), for elections into local government areas across the state. BSIEC fixed the…
TCN Restores National Grid After System Disturbance
The Transmission Company of Nigeria (TCN) has successfully restored the national grid following a system disturbance that occurred at 4:28 p.m. on Thursday, 28th March 2024, with full recovery achieved by 10:00 p.m. that same day, the General Manager, Public…
