The Nigerian Electricity Regulatory Commission (NERC) has announced the restructuring of the Transmission Company of Nigeria (TCN). The restructuring involves the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO), as revealed in an order signed by NERC Chairman, Mr. Sanusi Garba, and Vice Chairman, Mr. Muslim Oseni, in Abuja on Saturday. This restructuring, which comes nearly four years after initial consultations with stakeholders, marks a pivotal moment in the unbundling of TCN into two distinct entities. The newly formed NISO will now assume all market and system operation responsibilities previously held by TCN. Under this development, TCN…
Author: Editor Francis
Olumide Akpata, the Labour Party’s gubernatorial candidate in Edo State, has strongly criticised Governor Godwin Obaseki for the delayed swearing-in of judges to the Edo State High Court. Governor Obaseki had recently administered the oath of office to five judges out of the eight recommended by the National Judicial Council, a move purportedly aimed at bolstering the state’s judiciary. Akpata condemned the governor’s actions, denouncing the prolonged delay of almost a year in appointing the recommended judges, which he deemed unacceptable treatment towards legal professionals. He expressed dismay over Obaseki’s decision to swear in only a portion of the recommended…
The Securities and Exchange Commission (SEC) of Nigeria, under the leadership of newly appointed Director General, Dr. Emomotimi Agama, is set to host a pivotal gathering with both local and international crypto exchanges. The aim is to deliberate on the status of cryptocurrency within the country and seek consensus on regulatory measures. Scheduled for Monday, the meeting is organised by the Blockchain Industry Coordinating Committee of Nigeria (BICCoN) and will address pertinent issues surrounding crypto regulations. Lucky Uwakwe, Chair of BICCoN, confirmed the event’s significance, highlighting its openness to digital asset exchange operators, wallet providers, and other virtual asset service…
Adamawa State Government has confirmed a devastating outbreak of measles resulting in the loss of 42 lives. The grim toll was disclosed by Felix Tangwame, the State Commissioner of Health and Human Services, following an update on the situation. The affected areas primarily include Mubi and Gombi local government areas. In a statement to reporters after a crucial executive council meeting at the Government House in Yola, Tangwame detailed that the outbreak has struck eight wards in Mubi and seven in Gombi. Out of 131 and 177 affected individuals in the respective LGAs, the death toll stands at a distressing…
The Federal Government has unveiled a significant addition to Nigeria’s national power grid, injecting an impressive 625 megawatts (MW) of electricity capacity. This boost brings the grid’s wheeling capacity up to 4800MW. The announcement was made by Bolaji Tunji, the Special Adviser, Strategic Communications to the Minister of Power, in a statement released in Abuja. The Minister of Power, Adebayo Adelabu, highlighted the inauguration of two crucial power infrastructure projects during ceremonies held in Ajah, Lagos, and Birnin Kebbi, Kebbi State. These include a 63 Mega Volt Ampere (MVA), 132/33 Kilo Volt (KV) mobile station and a 60MWA, 132/33KV Power…
In a landmark decision, the United Nations General Assembly adopted a resolution proposed by the United States, designating 2026 as the International Year of the Woman Farmer. This global initiative aims to shine a spotlight on the indispensable contributions of women to agricultural systems worldwide, highlighting their challenges and mobilising efforts to address them. Jessica Jennings, spokesperson for the United States Agency for International Development (USAID), emphasised the pivotal role of women in driving agricultural development and ensuring food security globally. With women comprising nearly half of the agricultural workforce in low-income countries, their potential to revolutionise agriculture is undeniable.…
In a historic move backed by the U.S. Department of Agriculture (USDA), the United Nations General Assembly has officially designated 2026 as the International Year of the Woman Farmer. The announcement, made in New York City, highlights the critical role of women in global agriculture and marks a significant step towards addressing gender disparities within the sector. Led by U.S. Ambassador to the United Nations Linda Thomas-Greenfield and USDA Deputy Secretary Xochitl Torres Small, the resolution garnered widespread support, with over 100 co-sponsors from around the world. This collective effort underscores the universal recognition of the indispensable contributions made by…
In a startling revelation, the Central Bank of Nigeria (CBN) has disclosed that Nigerians are holding onto cash at an unprecedented rate, with a staggering 94 percent of the currency remaining outside the banking system. The findings, outlined in the CBN’s March 2024 Money and Statistics data, underscore growing concerns about declining trust in the banking sector and potential threats to the nation’s economic trajectory. According to data published on the CBN’s official website, the volume of physical money (M1) in circulation has witnessed a remarkable surge compared to the previous year. In January 2024, M1 stood at N3.65 trillion,…
In a strategic manoeuvre aimed at harnessing gas resources to drive economic expansion, President Bola Tinubu is poised to unveil three pivotal gas infrastructure projects in the near future. According to a statement released on Friday, May 3, by Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, these projects, spearheaded by the Nigerian National Petroleum Company Limited (NNPCL) and its partners, signify a pivotal shift towards leveraging Nigeria’s abundant gas reserves for national development. President Tinubu’s administration has emphasised Nigeria’s status as a gas-rich nation, emphasising a commitment to tapping into this valuable resource to bolster…
A yet-to-be-identified Nigerian couple turned heads on social media with their church wedding which was attended by only their closest family and friends, with just 10 guests in total. Punch reports that the wedding took place at a church in an undisclosed location on Wednesday. Talk2veee, a radio personality, posted the photos as #talk2veee on her X.com handle on Thursday, with the caption, “Nigerian Couple Weds In Church On A Wednesday Morning With A Guest List Of Just 10 Persons.” The couple had decided to have a small and intimate wedding, wanting to focus on the true meaning of their…
Lagos State Governor, Mr. Babajide Sanwo-Olu, has appointed Basirat Damilola Marshall, daughter of renowned Fuji musician, King Wasiu Ayinde Marshall, also known as KWAM1, as the Senior Special Assistant on Tourism. The announcement came through a viral video showcasing KWAM1 expressing gratitude to the governor during his performance at the coronation and birthday reception of Oba Sikirullah Apena. In the video, KWAM1 acknowledged Sanwo-Olu for appointing his daughter, Damilola, into his cabinet, attributing the acknowledgment to her request. In response to the news, well-wishers took to social media, extending congratulations to Damilola. Olanrewaju-Smart Wasiu commended her hard work and party…
Shell Nigeria Gas (SNG) and the Oyo State Government have inked a pivotal agreement aimed at establishing a robust gas supply and distribution network catering to industrial and commercial entities within the state. According to a statement released by Abimbola Essien-Nelson, the Media Relations Manager at Shell Nigeria, SNG will spearhead the construction and operation of this gas distribution infrastructure, slated to serve customers across Oyo State for a period of 20 years. Initial phases of the project will entail laying down a 15-kilometer pipeline route, with projections to scale up to delivering a substantial 60 million standard cubic feet…