News

Thursday, 07 September 2023 03:45

Electricity: FG approves 41% price increase for prepaid meters

Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the prices of prepaid electricity meters. NERC made the announcement on Tuesday in a circular marked NERC/2023/020, and jointly signed by Sanusi Garba, the commission’s chairman and Dafe Akpeneye, its commissioner, legal, licencing, and compliance. The commission said a single-phase meter will now cost N81,975.16k, instead of the previous price of N58,661.69k. Similarly, the price of a three-phase meter was increased to N143,836.10k from N109,684.36k. According to the NERC, the new charges will take effect from Wednesday, September 6, 2023. The agency said it increased the costs of the meters…

Thursday, 07 September 2023 03:44

Nigeria’s capital expenditure among world’s lowest – World Bank

The World Bank Country Director for Nigeria, Shubham Chaudhuri, has said that public spending in the country is among the lowest globally. He said this while delivering the keynote address at the annual banking and finance conference in Abuja on Tuesday. His presentation noted that “Nigeria’s government capital expenditures are the lowest globally.” According to Chaudhuri, “Public spending by the Nigerian government, both the federal and subnational levels, have been very low.” He added that government spending is insufficient to close the infrastructure gap. His presentation document read, “At the current rate of capital spending, it would take 300 years…

Wednesday, 06 September 2023 04:51

Govt offices, banks, others shut as NLC strike kicks off nationwide

Activities across different sectors have been grounded as a result of the ongoing strike of the Nigeria Labour Congress (NLC). The NLC had last Friday declared two-day warning strike over current hardship caused by removal of petrol subsidy. Minister of Labour, Simon Lalong, had called for a meeting to resolve issues raised by the union, but while the Trade Union Congress (TUC) attended the meeting, NLC shunned it and directed affiliate unions, including the National Union of Air Transport Employees, Association of Nigeria Aviation Professionals, National Association of Aircraft Pilots and Engineers, among others stakeholders in the aviation sector to…

Wednesday, 06 September 2023 04:48

France swallows pride, opens talks with Niger military govt on French troop withdrawal

Niger’s ruling junta said discussions are under way that are expected to result in the rapid withdrawal of French troops, after the West African country ended a military cooperation agreement with its former colonial ruler. “The government has already revoked the deals that allow for the French troops to operate on our territory,” Prime Minister Ali Lamine Zeine told reporters in the capital, Niamey, on Monday. “They’re here illegally. Talks are underway, which should allow for a swift withdrawal.” Ties between Niger and France have frayed since soldiers seized control of the country on July 26 and ousted President Mohamed…

Wednesday, 06 September 2023 04:46

Tucker Carlson interviews man who allegedly had sex with Obama

Former Fox News host Tucker Carlson has teased an interview with Larry Sinclair, a man whose 2008 allegations of having sex and smoking crack with Barack Obama were shrugged off by US media outlets as the then-senator cruised toward victory in that year’s presidential election. Carlson posted a social media promo showing snippets from the interview on Tuesday, indicating that the full conversation will be released on Wednesday evening. The one-minute clip on X (formerly Twitter) garnered about 4 million views within just one hour of being posted. Sinclair said he was introduced to Obama outside a Chicago bar in…

Tuesday, 05 September 2023 04:55

Obasanjo spoke with the The Cable on issues from Yar’Adua to Tinubu. Here’s what the ex-President said about his successors

President Olusegun Obasanjo, who twice led Nigeria — first as military head of state (1976-1979) and later as an elected civilian president (1999-2007) — can claim to have seen it all. Born on March 5, 1937, the 86-year-old retired general has been a constant in Nigeria’s history in and out of office, offering comments — even if controversially — on political and economic issues. In this interview with TheCable, he gives his opinions on a wide range of issues. TheCable: Increasingly, we are witnessing an era of military coups in Africa again. What do you think is going on? Obasanjo:…

Tuesday, 05 September 2023 04:53

NLC shuns meeting with FG over threats to arrest leaders, begins two-day warning strike

Nigeria Labour Congress, NLC, will today begin a two-day warning strike after shunning a meeting with the Federal Government over increasing hardship and suffering across the country caused by the removal of fuel subsidy. This came as the Minister of Labour and Employment, Simon Lalong, yesterday warned that the strike will worsen the plights of ordinary Nigerians and urged NLC to shelve the action. The NLC had on Friday, given notice of a two-day warning strike to protest the excruciating mass suffering and impoverishment experienced around the country, threatening a total and indefinite shutdown of the economy within 14 working…

Monday, 04 September 2023 04:32

FG proposes establishment of state firm for solid minerals regulation, investments

Federal government is discussing the creation of a state company to regulate its mineral extraction industry and provide funding for local businesses. Africa’s second biggest economy has sizable untapped deposits of metals, including gold, zinc, lithium and iron ore. But nearly all extraction is done by so-called artisanal miners on a small-scale or manual basis, which means that the government misses out on tax revenue. “The proposed corporation will seek and secure partnership-investment agreements with big multinational companies worldwide,” Dele Alake, minister of solid minerals, told a briefing in Abuja on Sunday. The new body would aim to secure “massive…

Sunday, 03 September 2023 04:42

FG recalls Nigeria’s ambassadors worldwide

President Bola Tinubu has directed the recall of all career and non-career ambassadors serving in different countries. Yusuf Tuggar, minister of foreign affairs, announced the decision barely 24 hours after the president recalled Sarafa Isola, Nigeria’s High Commissioner to the United Kingdom (UK). In a statement on Saturday by Alkasim Abdulkadir, Tuggar’s adviser on media and communications strategy, the minister said the recall of Isola on Friday was applicable to all ambassadors. In a letter dated August 31, the minister said Tinubu had recalled Isola and asked him to return to Nigeria by October 31 at the latest, after taking…

Sunday, 03 September 2023 04:41

Huge protests in Niger call for French forces to leave country

Tens of thousands of protesters gathered outside a French military base in Niger's capital Niamey on Saturday demanding that its troops leave in the wake of a military coup that has widespread popular support but which Paris refuses to recognise. The July 26 coup - one of eight in West and Central Africa since 2020 - has sucked in global powers concerned about a shift to military rule across the region. Most impacted is France, whose influence over its former colonies has waned in West Africa in recent years just as popular vitriol has grown. Its forces have been kicked…

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Sunday, 03 September 2023 04:38

Niger top court orders expulsion of French ambassador

Niger’s top court approved the immediate expulsion of France’s ambassador, revoking his diplomatic immunity, according to a request addressed to the court’s president. The development comes after France’s President Emmanuel Macron rejected the ruling junta’s demand to recall his ambassador a month after a coup disrupted relations between the two former allies. The military junta that ousted Niger President Mohamed Bazoum gave French Ambassador Sylvain Itte 48 hours to leave the country last week. The deadline expired on Aug. 28 without France recalling Itte. France says it doesn’t recognize the coup-plotters as the country’s legitimate leaders. Since the July 26…

Saturday, 02 September 2023 04:32

Crude oil production increases to 1.6m bpd - NNPC

Nigerian National Petroleum Company (NNPC) Limited says Nigeria’s crude oil production level (including condensate) is currently at 1.67 million barrels per day (bpd). Mele Kyari, group chief executive officer (GCEO) of NNPC, spoke at a press briefing in Abuja on Friday. In July 2023, the country’s crude oil (and condensate) output fell to 1.29 million barrels per day (bpd), from 1.48 million bpd the previous month. Giving updates at the news conference, Kyari said oil production increased by over 300,000 bpd. He said the oil and gas industry has a huge potential and the possibilities of providing all the foreign…

Saturday, 02 September 2023 04:30

NLC declares two-day nationwide warning strike

Nigeria Labour Congress (NLC) has given a two-day nationwide strike notice for the 5th and 6th of September to protest the failure of the federal government to proffer lasting solutions to the challenges caused by fuel subsidy removal. NLC President, Joe Ajaero, disclosed this on Friday during a press conference at the Labour House in Abuja. Ajaero explained that the decision to go on the warning strike was part of the resolutions reached at the NLC National Executive Committee (NEC) meeting held on Thursday. The union accused the government of failure to implement some of its resolutions from their previous…

Saturday, 02 September 2023 04:27

Nigeria to host Social Workers Africa Region conference - NASoW

Hundreds of social workers from different parts of the world are expected to be at the 2023 International Federation of Social Workers (IFSW) Africa Region Conference scheduled for Lagos. National President, Nigeria Association of Social Workers (NASoW), Mashood Mustapha, made the disclosure in a statement made available by the National Public Relations Officer of the association and Chairman of Media and Protocol committee of the conference, Musliudeen Adebayo. Mustapha, in the statement issued on Friday, noted that the conference which will take place at the University of Lagos in November will have notable social workers across Africa and beyond in…

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