NewsReports

• No DisCo declared dividend eight years after privatisation • Buying electricity assets with loans, misplaced priority, say experts• Banks may run into regulatory sanctions over non-performing electricity loans • N202b MDAs debt, insecurity, theft, lax corporate governance pose fresh challenges• GenCos suffer investment shortfall over DisCos’ load rejection The postponed fears by most stakeholders in the Nigerian electricity market is nowhere, as …

FG feared subsidy protests could be worse than #EndSARS – Source Details have emerged on how security advice forced the President, Major General Muhammadu Buhari (retd), to make a U-turn on the decision to remove fuel subsidy. An impeccable security source told The PUNCH that intelligence handed over to the President by security officials showed that the protests that would have accompanied …

Three persons have been confirmed dead while many houses were razed in Ohoror community, Ughelli North council, after a truck conveying liquefied petroleum gas exploded. The accident involving two other trucks at the popular Ohoror Junction, Uwheru Kingdom, occurred on Wednesday night. About 25 houses were lost to the inferno according to one of the leaders of the community, Simeon …

The Peoples Democratic Party has said by proposing another 18-month extension for fuel subsidy removal, the regime of the President, Major General Muhammadu Buhari (retd.), is shifting the responsibility to the next administration. In an interview with our correspondent on Thursday, the National Publicity Secretary, PDP, Debo Ologunagba, said the opposition party was not surprised by the Federal Government’s decision. …

Nigeria’s Presidency, on Wednesday warned that the country will have to pay a price to continue subsidizing Premium Motor Spirit, popularly called petrol and that it may be left with no other choice than to continue borrowing to shoulder its fiscal overhead. The President’s Special Adviser on Media and Publicity, Femi Adesina, said this when he featured on Channels Television’s …

Edo State Government will partner with the Nigerian Institute of Town Planners (NITP) on the realization of the state’s urban master plan, aimed at driving sustainable socio-economic growth and development in the state, Governor Godwin Obaseki has said. Obaseki disclosed this when he received the National President of the Nigerian Institute of Town Planners, Mr. Olutoyin Ayinde, who led other …

Fourteen new permanent secretaries in Edo State took the oath of office on Tuesday, administered by, Governor Godwin Obaseki, who urged them to deliver efficient and quality services to Edo people. Obaseki, at the swearing-in of the new permanent secretaries, comprising nine males and five females at the Government House, Benin City, said the government will switch over from analogue …

A former government minister facing jail in Finland after tweeting a Bible verse pleaded not guilty to three criminal charges on Monday. Päivi Räsänen appeared at Helsinki District Court on Jan. 24, the first day of her trial, alongside Juhana Pohjola, bishop of the Evangelical Lutheran Mission Diocese of Finland, who is facing one criminal charge. Finland’s Prosecutor General filed …

…New recruits warned to have Integrity, honesty as their watchword Two hundred and forty six officers newly recruited by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) have graduated from the Nigerian Security and Civil Defense (NSCDC) training academy after a rigorous six-week course. The Chairman of ICPC, Professor Bolaji Owasanoye, SAN, who was the Reviewing Officer at …

Historically, the moment a society slides into insecurity or outright warfare, it is its most vulnerable demographics that bear the brunt of the plunge into chaos, taking in shades the blows that rise when there is very little incentive to respect the rule of law and maintain peace and order. Nigeria`s case has been no different. As insecurity presses in …