NewsReports

ABUJA — The Nigerian Electricity Regulatory Commission, NERC, yesterday, defied the directive by the Senate to abolish the Fixed Charges, FC, introduced by the commission, noting that there is nothing illegal about the charges. Chairman of NERC, Dr. Sam Amadi, who spoke against the background of the motion by members of the red chamber, maintained that the electricity fixed charges …

Indication have emerged that the United States’ government is sending arms to the Nigerian military in its efforts to crush Boko Haram. Facts that the US is sending arms to Nigeria came on the heels of the US Ambassador to Nigeria, James Entwistle’s revelation in an interview with one of our correspondents that the US government never placed arms embargo …

MINNA— TWENTY-TWO years after annulling the June 12, 1993 presidential elections, former Military President, General Ibrahim Babangida (rtd), yesterday, said he still misses the winner of the historic polls, late Chief Moshood Abiola, who died in government detention in 1998. To show how he sorely miss his erstwhile friend, Babangida, who turned 74 today, said last week he searched for …

The Committee of the Nigerian Army entrusted with the responsibility of reviewing the disciplinary cases of over 2,000 soldiers will begin sitting at the Nigerian Defence Academy, Kaduna, on Monday (today). The committee is expected to sit for about three weeks to review all disciplinary cases emanating from the ongoing counter -insurgency operation in the North-East. It was learnt that …

The National Security Adviser, Maj. Gen. Babagana Monguno(retd.), four Service Chiefs and the Inspector General of Police on Friday in Maiduguri promised to intensify efforts at ending the Boko Haram menace in the North-East. Monguno, who led other service chiefs – Gen. Abayomi Olonishakin (Defence), Lt.-Gen Tukur Buratai (Army), Air Marshal Sadiq Abubakar (Air Force) and Inspector General of Police, …

ABUJA —The Nigerian National Petroleum Corporation, NNPC, has concluded plans to conduct a forensic audit of the accounts of the state oil company and effect a fundamental restructuring to turn out a new NNPC in five months time. The Group Managing Director of the Corporation, Emmanuel Kachikwu, who disclosed this, yesterday, in Abuja said the audit will cover 2014 and …

ABUJA — President Muhammadu Buhari, yesterday, charged the new service chiefs to synergize with other nation’s security apparatus and hunt down Boko Haram insurgents within the next three months. The President said that would be the only way the new military helmsmen would justify the confidence reposed in them by his government. In a brief but colourful swearing-in ceremony of …

ABUJA—The Senate, yesterday, constituted an ad-hoc Committee to carry out a holistic investigation into the management of funds appropriated to the power sector from the Olusegun Obasanjo civilian administration to date. Announcing the 13-man ad-hoc committee, yesterday, Senate President, Bukola Saraki urged members of the committee to consider their reputation and integrity and come up with a report that would …

Abuja – President Muhammadu Buhari on Wednesday in Abuja pledged that his administration would ensure steady electricity supply for faster socio-economic development. Buhari stated this after being briefed by the Permanent Secretary, Federal Ministry of Power, Amb. Godknows Igali. According to the president, his administration will give the fullest possible attention to boosting power supply in Nigeria because it was …

LAGOS — The Central Bank of Nigeria, CBN, yesterday disagreed with the restructuring some banks have effected in their debit card, otherwise known as Automatic Teller Machine (ATM) services as well as some measures they introduced on foreign cash and e-payment transactions this week. Some banks had early this week imposed N60,000 per day limit on ATM withdrawals while also …