Newscenter Media News Nigeria’s electricity distribution companies have raked in a total sum of N887.86bn as revenue in the first seven months of 2024 following the tariff increase for Band A customers and …
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Varsity workers threaten strike over withheld five-month salaries
The National Association of Academic Technologists has issued the Federal Government a 21-day ultimatum to pay the five and a half months of withheld salaries among other demands, or its …
Read More »PoS transactions hit N6.23tn in seven months
Point of Sale transactions in Nigeria totalled N6.23tn between January and July 2024, according to data from the Nigeria Inter-Bank Settlement System. This marks a 7.4 per cent decline compared …
Read More »Cholera outbreak surged by 220% in 2024, says NCDC
Nigeria Centre for Disease Control and Prevention (NCDC) has stated that cholera outbreak in Nigeria saw a sharp increase in 2024, with suspected cases rising by an alarming 220 per …
Read More »‘NNPCL withholds $11.3b, remits only $2.3b to federation amid PIA flaws’
The Nigerian National Petroleum Company Limited (NNPCL) is withholding a staggering $11.3 billion in revenue from the federation, remitting a just $2.3 billion following the implementation of the Petroleum Industry Act …
Read More »Nigeria’s first $5b FLNG project to reduce gas-flaring, boost domestic LPG
Group Managing Director/Chief Executive Officer, UTM Offshore Limited, Julius Rone, has said the completion of Nigeria’s first $5 billion Floating Liquefied Natural Gas (FLNG) project will significantly reduce gas flaring …
Read More »Danjuma takes over Kashimbilla hydropower dam in Taraba
The federal government has concessioned the Kashimbilla multipurpose hydropower station, situated in Takum Local Council of Taraba State, to former Minister of Defence, General Theophilus Danjuma (rtd). The post Danjuma …
Read More »Tinubu’s proposed cabinet reshuffle
PRESIDENT Bola Tinubu is close to reshuffling his cabinet 17 months after assuming office. The speculation in the public of a cabinet reshuffle had gained frequency for some time because …
Read More »Coscharis announces $4b green power project in Nigeria
Coscharis Technologies Limited, a subsidiary of the Coscharis Group and a leading player in the Information Communication and Technology (ICT) sector in Nigeria has secured a $4 billion power project …
Read More »Police arraign woman over N2.8m failed marriage promise
A 25-year-old tailor, Victoria Effiong, was arraigned on Friday before a Lagos State Magistrates’ Court in Iba for allegedly refusing to marry a suitor after collecting N2.8m from him. Effiong …
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