Author: Akintayo Adams

At a cost of over $1.15 billion, the Federal Government is presently conducting deals for the sale of five power plants under the National Integrated Power Projects through the Bureau of Public Enterprises, it was learned on Tuesday. Despite the fact that individuals close to the development stated that the plants’ costs should surpass $5 billion based on worldwide standards, they also disclosed that the BPE intended to sell the facilities for slightly more than $1.1 billion. In a brief phone call, our correspondent received confirmation from Ignatius Ayewoh, the interim Director-General of BPE, that “the transaction is ongoing” and…

Saheed Wahab, a Nigerian, allegedly passed away the day after moving to the UK to pursue his master’s degree. According to reports, Wahab passed away on Tuesday, January 16, 2024. Wahab began his studies at Teesside University in the United Kingdom on January 15, 2024. The Nigerians in the UK Community announced the death in a statement that was posted on the official X (formerly Twitter) handle of the group. “After the sad news we received regarding the death of Mr. Saheed Wahab, a student at Teesside University who passed away a day after arriving in the United Kingdom from…

Six Ghanaians—three of them were soldiers—were found guilty on Wednesday and given the death by hanging penalty for their alleged roles in a plot to topple the nation’s government three years prior. According to court documents, the guys were apprehended in 2021 while testing guns at a former Accra shooting range. Intelligence telephone taps traced them to a blacksmith shop, where they placed an order for the weapons to be made. Throughout the trial, they had all entered not guilty pleas. In anticipation of the trial and sentencing, police stationed heavily armed units outside the high court. However, the army…

About nine persons, according to the Bodija Estate Residents Association in Oyo State, are reportedly still unaccounted for following Tuesday’s penultimate explosion at Adeyi in Bodija, the state capital of Ibadan. Five individuals lost their lives, 77 were injured to varied degrees, and 58 houses were damaged in the explosion that shook Ibadan’s Dejo Oyelese Street, according to various news outlets. This alarm was expressed by BERA President Muyiwa Bamgbose during a conversation with news reporters at No. 18 Arigidi Street, Bodija, Ibadan. “It’s now more towards eight or nine (persons) that have been missing,” stated Bamgbose. We are trying…

On Wednesday, the Presidency said that the Bola Tinubu administration had no intention of moving Nigeria’s Federal Capital back to Lagos, where it had previously been. It characterized these hints as the work of individuals it referred to as “mischief-makers,” who were motivated by “fueling needless ethnic mistrust.” This came after the Ministry of Aviation and Aerospace Development ordered that the Federal Airport Authority of Nigeria’s head office be moved back to Lagos, and the Federal Government recently decided to move the Department of Banking Supervision of the Central Bank of Nigeria to Lagos. However, in a statement issued under…

The Central Bank of Nigeria’s prohibition on the public display of black market foreign exchange rates is being challenged by the Association of Bureaux de Change Operators of Nigeria, or ABCON. This was revealed by ABCON President Aminu Gwadabe in a statement on Tuesday, who attributed the volatility in the foreign exchange market to forex hoarders. In light of this, he believes that in order to resolve the country’s ongoing foreign exchange crisis, the central bank must examine BDC operations. This comes after an online BDC called AbokiFX was banned for more than two years. September 2021 saw the CBN,…

The proposed sale of Shell, the onshore Nigerian division of Shell Petroleum Development Company of Nigeria Limited, or SPDC, has been rejected by the Petroleum and Natural Gas Senior Staff Association of Nigeria, or PENGASSAN. This was revealed in a statement released on Tuesday by Lumumba Okugbawa, the general secretary of PENGASSAN. The announcement was made just one week after Shell had previously consented to sell Renaissance, a partnership of five Nigerian businesses and an international energy company, its onshore assets for a maximum price of $2.4 billion. In response to the news of SPDC’s impending sale, PENGASSAN asserted that…

Frank Onyeka, a midfielder for the Super Eagles, has advised Jose Peseiro’s team to unwind and be ready for their upcoming 2023 Africa Cup of Nations, or AFCON, Round of 16 match on Saturday. The Brentford player talked to reporters in the mixed zone on Monday night following Nigeria’s 1-0 victory over Guinea-Bissau. “Even though it was challenging, we are grateful for the victory; it was good to win to boost the confidence,” Onyeka remarked. “We must unwind and get mentally ready for the upcoming match. We are excited to move on to the next round even though we are…

According to information released by the Federal University of Technology (FUT) Minna, 187 students will graduate first class throughout the 2020–2021 and 2022–2023 academic years. This was said by Vice Chancellor Prof. Farouk Adamu Kuta during the press conference for the institution’s combined 31st and 32nd convocation, which is set for February 1, 2024, at Gidan-Kwano, the main campus located along Minna-Bida Road in Niger State. He clarified that a total of 7,312 graduates with first degrees, 120 with postgraduate diplomas, 955 with master’s degrees, and 150 with doctorate degrees were obtained from the 2020/2021 and 2022/2023 academic sessions, respectively,…

According to the Rivers State Police Command, three of its agents who kidnapped two travelers and demanded $3,000 from them will be subject to an orderly room trial and questioning, respectively. As she presented the suspects to reporters in Port Harcourt on Monday, the command’s spokesperson, Grace Iringe-Koko, explained that the action was a component of the internal disciplinary actions implemented against agents implicated in illegal operations. A Superintendent of Police named Iringe-Koko added that the N4.2 million in cash had been found and given to the intended travelers. The police officers, who included an inspector and two assistant superintendents…