Senate Moves to Amend Electricity Law, Warns of Sector Collapse
The Nigerian Senate has initiated debate on a proposed amendment to the Electricity Act 2023, citing mounting concerns over the imminent collapse of the country’s power sector. Presenting the Electricity…
One Year On, Promised Power Subsidy for Hospitals, Schools Remains Unfulfilled
Nearly a year after the Federal Government pledged to subsidise electricity for public hospitals and educational institutions, the promise remains unfulfilled, leaving many of these facilities burdened by soaring power…
Four Billionaires Now Richer Than Half of Africa’s Population-Report
A new report has revealed that the combined wealth of Africa’s four richest individuals now exceeds that of over 50 percent of the continent’s 750 million poorest citizens. The report,…
Power Sector on the Edge: Senate Pushes for Urgent Reforms
Nigeria’s Senate has opened debate on a new bill that aims to save the country’s power sector from collapse. The proposed law, an amendment to the Electricity Act of 2023,…
One Year On, Power Subsidy Promise to Schools and Hospitals Fizzles Out
In August 2024, the Minister of Power, Adebayo Adelabu, announced that public hospitals and universities would receive subsidised electricity. This came after many of them were moved to Band A,…
Global Confidence Returns: Deutsche Bank Leads $747M Boost for Lagos-Calabar Coastal Highway
In a major financial breakthrough for Nigeria’s infrastructure push, Deutsche Bank has led a $747 million syndicated loan to fund the initial phase of the Lagos-Calabar Coastal Highway, a key…
Liberian President Receives Praise from Trump for English Fluency
During a luncheon with African leaders at the White House on Wednesday, U.S. President Donald Trump drew attention when he praised Liberian President Joseph Boakai’s command of English seemingly unaware…
FCC Urges Lawmakers to Criminalise Unexplained Wealth, Cites Deepening Corruption in Public Sector
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has called on the National Assembly to urgently criminalise unexplained wealth, warning that Nigeria cannot win the war…
Abuja Lawyer Suspended from Legal Practice Over ₦29 Million Real Estate Fraud
Everestus Chinedu Ugwuowo, a lawyer based in Abuja, has been suspended from legal practice for five years. This decision follows a ₦29 million property fraud case involving a failed real…
Ganduje Lands New Role as Chairman of FAAN Board
Abdullahi Umar Ganduje, former Governor of Kano State and immediate past National Chairman of the All Progressives Congress (APC), has been officially inaugurated as the Chairman of the Board of…