10 Compelling Reasons to Embrace Insurance for a Secure Future
Introduction:Insurance is often seen as an unnecessary expense, but the reality is that it provides a safety net for unexpected events that can have a significant impact on your finances and well-being. From protecting your assets to providing peace of…
Customs Suspends 25% Penalty on Improperly Imported Vehicles
Amid economic hardship occasioned by high cost of living in Nigeria and to encourage compliance, the Nigeria Customs Service (NCS) at the weekend announced that the federal government has approved the suspension of the 25 percent penalty previously imposed in…
TCN Expands Regional Capacity, Increases Capacity of Port Harcourt Main Substation with 100MVA Transformer
In a bid to boosts regional capacity, the Transmission Company of Nigeria (TCN) has commissioned a 100MVA 132/33kV power transformer at its Port Harcourt Main Substation, enhancing the bulk transmission capability of the substation by 80MW. This initiative, which is…
Minister Urges Mineral-rich African Countries To Use Reserves As Equity To Avoid Impoverishing Debt Trap
The Minister of Solid Minerals Development, Dr. Oladele Alake has urged mineral- rich African countries to use the proven mineral reserves of their countries as equity in joint ventures instead of taking loans that worsen the plight of their people….
TCN Suffers Another System Sabotage, Shiroro-Katampe Transmission Line Vandalised
Less than two weeks after its Tower 70 along its 330kV Gwagwalade – Katampe Transmission line was vandalised, the Transmission Company of Nigeria (TCN) has suffered yet another vandalism of its transmission line. This time, the company reported that one…
TCN Explains Outages in FCT Despite Capacity To Supply Adequate Power
The Transmission Company of Nigeria (TCN) has stated that the current power supply situation in Abuja is not attributable to inadequate transmission capacity resulting from the Gwagwalada tower vandalism incident of 26th February, 2024. The transmission company in a statement…
Tinubu To Qatari Investors: My Administration Removing Bottlenecks, Enhancing Nigerian Economic Systems
President Bola Tinubu has assured the international business community that Nigeria is ready for serious business as his administration will deal decisively with any and all entrenched interests in the country who undermine investor confidence, pledging to remove all bottlenecks…
EFCC Chair, Olukoyede, Charges Banks’ CEOs to Play by the Rules in Fight Against Corruption
The Executive Chairman of the Economic and Financial Crimes Commission (EFCC) Mr. Ola Olukoyede has called on Chief Executive Officers (CEOs) of banks across the country to always abide by extant regulations and rules in their practices as effective means…
CNPP To Tinubu: Rethink Romance With IMF, Others, Demands Sack Of Unproductive Appointees
As the Federal Government of Nigeria battle with containing rising cost of living and its resultant hardship across the country, political parties and political associations under the aegis of the Conference Of Nigeria Political Parties (CNPP) have counselled President Bola…
Informal Sector’s Pivotal Roles In Nigeria Reinforced At VDI National Meeting In Abuja
The pivotal roles of the countries informal sector in the economic development aimed at creating access to employment opportunities, stimulating income generation and fostering entrepreneurial spirit have again been undeniably reinforced. This followed some critical strategic resolutions during a recent…
