Ikeja Disco apologizes to customers over erratic power supply The Ikeja Electricity Distribution Plc has apologized to its customers over the state of power supply in the last few weeks, particularly with the zero allocation it received from the national grid on Sunday.The Managing Director/Chief Executive Officer, Mr. Abiodun Ajifowobaje, said in a statement yesterday that the dismal power situation was...... read more
Electricity Union assures Nigerians of stable power supply Aminat Ibrahim, the President of Senior Staff Association of Electricity and Allied Companies (SSAEC), on Friday assured Nigerians of improved power supply after the ongoing project s are completed.Ibrahim told the News Agency of Nigeria (NAN) in Abuja that there were many projects initiated by the present administration that would improve the supply...... read more
Marketers deny receiving payment from govt,say strike continues Despite the claim by the Federal Government that N156 billion was released on Thursday to oil marketers to facilitate the quick resolution of the current fuel crisis, the National Association of Road Transport Owners (NARTO), has said normal lifting of fuel will not resume till their members’ accounts are duly credited by the...... read more
President Jonathan Commissions Phase 1, 504MW Simple Cycle Gas Alaoji Power Plant Says it will boost trade, commerce in Aba and environs President Goodluck Jonathan has commissioned the Phase 1, 504WM simple cycle gas Alaoji power station Abia State with a promise to commission the second phase in no distant time.Speaking during the commissioning ceremony of the project, President Jonathan said that power is...... read more
Fed. Govt to begin disbursement of #220 billion MSME fund The Federal Governmemt has began the screening of Nigerian youths for entreprenuership training with the launch of Youths Entreprenuership Strategy, YES, in Oil and Gas at the weekend.Part of the #220 billion set aside for Micro Small Medium Enterprises,MSME, through the Central Bank of Nigeria would be utilized to fund the...... read more
Nigeria lacks institutions, systems, to prevent corruption - Okonjo Iweala The Minister of Finance, Ngozi Okonjo-Iweala, said on Tuesday that corruption has persisted in Nigeria because it lacked the institutions, systems and processes to prevent it. Mrs. Okonjo-Iweala made this known when she spoke on the topic: Preventing Leakages in the Nigerian Economy at the Catholic Caritas Foundation Forum in Abuja.The...... read more
Naira depreciates to 208 in dollar The News Agency of Nigeria ( NAN) reports that on Friday, naira depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, January 19.This new rate had made the naira to lose N16.50 within five days. The CBN’s website, however, put the naira against...... read more
Gov Orji Inspects Aba Mega Mall, Says Project has Prospects for Multi Job Creation, Investments Abia State Governor, Chief Theodore Orji, says the building of the Aba Mega Mall in Osisioma Local Government Area will benefit Aba people and create employment opportunities.The Governor stated this during an inspection visit to the site to see the progress of work.He stated that Aba is noted for commercial activities,...... read more
ABIA BUDGETS N102.4 BILLION FOR 2015 FISCAL YEAR Abia State Governor, Chief Theodore Orji, has  presented a budget estimate of N102.4 to the state House of Assembly for the 2015 fiscal year.The figure represents  a 12% decrease from the 2014 budget outlay of N115.3 billion.Delivering the budget he termed "Valedictory Budget" on the floor of the House, Governor Orji...... read more
Federal Government begins distribution of IDPs in North-East The Federal Government has flagged off the distribution of relief materials to Internally Displaced Persons,IDPs, in the North-East.   The Minister of Science and Technology, Dr. Abdul Bulama, who disclosed this said the measure was part of efforts by the federal government to alleviate the suffering and improve the living condition...... read more
President Jonathan cuts 2015 budget to #4.661tr Following the falling oil prices,President Goodluck Jonathan has cut the proposed 2015 budget of #4.817trillion to #4.661 trillion. The budget was reduced by about #63billion.The federal government also reviewed its proposed exchange rate upwards from #160 to #162 per dollar.The oil benchmark also dropped from $78 to $73 per barrel.The price...... read more
Database of unemployed Nigerians to be ready, January; Aganga To help unemployed Nigerians get employed in different sectors of the economy, Minister of Trade and Investment, Olusegun Aganga, has revealed that Nigeria is working with the United Nations Industrial Development Organisation (UNIDO)  on a national survey of unemployed Nigerians and their level of skills, which is expected to be ready by January....... read more
Shell hijacks UNEP report’s implimentation A committee to implement United Nations Environmental Programme (UNEP) report on Ogoniland has been inaugurated by Diezani Alison-Madueke, Minister of Petroleum resources. But some human right groups and Ogoni indigenes do not trust the committee. Alison-Madueke, who inaugurated the Committee, said the move was part of government’s efforts to seek an...... read more
FG advised to extend privatisation to other sectors Director General of the Nigeria Employers' Consultative Association (NECA), Segun Oshinowo, yesterday in Lagos, at a press briefing, supported the Federal Government to extend its hands of privitisation to other sectors of the economy. Seeing it as a true sign of free enterprise, he believes it has become necessary since it...... read more
Jonathan orders priority attention for second Abuja airport runway President Goodluck Jonathan has ordered the proposed second runway at the Nnamdi Azikiwe International Airport, Abuja to be given priority.     This was disclosed by his senior special assistant on aviation, Shehu Iyal, at a press conference in Abuja, on Monday.     “There will be a second runway in...... read more
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Latest News Illegal abduction of Npower Beneficiary: Abia Govt blows hot Plateau confirms 28 new Lassa fever cases, records 10 deaths – Commissioner Elections: FG approves visa fee waiver for observers BREAKING: NANS suspends nationwide protest over election postponement Pray if you want elections to hold, CAN tell Nigerians Abia police arrest three INEC officials with 10,000 PVCs Buhari has already lost February 16 poll - Obaze President Buhari congratulates new NLC leadership CCB refuses access to Kyari, Amaechi, Fashola’s asset declaration forms Group Writes Buhari,Warns Orji Uzor Kalu Over Plot to Kill Abia Deputy Governor


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