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31 Results / Page 1 of 4
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BUSINESS

Nigeria eyes 10,000MW hydropower for sustainable electricity

While acknowledging the immense potential for hydropower development in Africa, he said it is important to also consider responsible development. He said, “We must address environmental concerns around dam construction and ecosystem disruption, alongside social impacts on local communities. This requires a commitment to sustainability, stakeholder engagement, and innovative solutions to financing these large-scale projects.” The minister previously stated that for several decades, hydropower has played a significant role in […]

todayMay 16, 2024 1

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NEWS

FG plans performance-based salary scheme for workers

A new wage system based on employee’s productivity in the civil service is underway, the Federal Government said on Monday. The government said with the system, workers on the same level could earn different salaries. The government said the formulation of an innovative wage system was being considered because it realised that productivity was a key factor in the growth of the country’s economy. The Director-General of the National Productivity […]

todayMay 14, 2024 7

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BUSINESS

FG woos global investors for 17 oil blocks

The Federal Government, on Tuesday, offered 12 oil blocks and five deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, United States. Speaking at the African Oil Industry Opportunities Session, a side event at the 2024 Offshore Technology Conference, the Chief Executive, Nigerian Upstream Regulatory Commission, Gbenga Komolafe, told investors at the gathering that Nigeria […]

todayMay 8, 2024 1 2

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NEWS

Man in custody for allegedly stealing phones in Ekiti churches

Luck has run out of a man, Babatunde Olaoluwa, who allegedly had been pretending as a worshipper only to dispossess people in churches of their phones in the Oye Ekiti and Ayegbaju areas of the state. The Commissioner of Police, Ekiti State Command, Mr Adeniran Akinwale, said the suspect was arrested on Saturday evening after allegedly making away with seven phones belonging to different worshippers at Christ Apostolic Church, Ayegbaju […]

todayMay 6, 2024 2

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ENTERTAINMNET

Actress, Eniola Ajao reveals reason for shielding 21-year-old son from social media

Nollywood actress, Eniola Ajao, has revealed why she kept her 21-year-old son, Ayomide Daniel, away from social media. Ajao said the decision was taken even before she ventured into the movie industry, adding that it was supposed to stem off stigma attached to being a single mother. “It was something I decided a long time ago before I even considered pursuing a career in the entertainment industry. “When I had […]

todayMay 3, 2024 7

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NEWS

Forex: MTN, Glo, others seek NCC nod for tariff hike

Telecommunications operators in the country including MTN Nigeria and Globacom have asked for Federal Government approval through the Nigerian Communications Commission to raise their tariff. The development came after foreign exchange losses and rising energy costs forced some of the operators to post losses last year. The telcos’ proposal to raise their tariff came barely 24 hours after MultiChoice, a South African pay television company raised its tariff. Several companies […]

todayApril 26, 2024 5

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NEWS

Demolition of buildings for Lagos-Calabar coastal road begins Saturday

The Federal Government has announced that the demolition of buildings situated within the right of way of the Lagos-Calabar Coastal Road will commence this coming Saturday. According to Channels Television’ on Thursday, the Federal Controller of Works in Lagos State, Korede Keisha, disclosed this during a press briefing held in Lagos on Thursday. Keisha urged all residents whose houses have been earmarked for demolition to visit the ministry’s secretariat in […]

todayApril 26, 2024 4

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NEWS

EXCLUSIVE: Chinese Operator Risks Sanctions As Federal Government Shuts Abuja Supermarket For Barring Nigerians

By Toffa Momoh, Abuja The Federal Competition and Consumer Protection Commission, FCCPC, has put an Abuja-based Chinese supermarket under lock and key for barring Nigerians and restricting entry to Chinese nationals. The commission, which on Monday summoned the owner of the supermarket along Airport Road, to appear before it on Wednesday, said it would deploy “regulatory tools” against the management. The commission gave the directive on Monday following discreet investigations […]

todayApril 23, 2024 29

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