Over 11.5 million electricity households and customers in Nigeria, who account for about 85 per cent of grid connected electricity, have been thrown into darkness as the electricity supply industry moves to implement at least 20-hour power supply to some customers. With electricity generation wobbling around 3,000 megawatts, there are indications that the Generation Companies (GenCos) may insist on a bilateral bulk trading agreement with the Distribution Companies (DisCos) to prioritise band A customers outside of the Nigerian Bulk Electricity Trading Company (NBET). Already, most band A customers, who are expected to get at least 20 hours of power supply…

Fleeing residents from Bini community in Maru Local Government Area of Zamfara sought refuge at the Government House in Gusau, urging the government to protect them from bandits. The villagers, predominantly women and children, fled their homes after the withdrawal of military security personnel from the area. Umar Salisu, one of the fleeing villagers, recounted how the absence of security forces prompted their exodus, citing ongoing threats from bandits. Aisha Usman and Wakkala Gurgu echoed the urgent need for government intervention to address the escalating security concerns in their community. Commissioner for Science and Technology, Wadatau Madawaki, reassured the villagers…

Dangote Industries Limited's management has refuted claims questioning the quality of its diesel, labeling such allegations as false and mischievous. The company asserts that its refinery is engineered to produce top-tier petroleum products that adhere to rigorous international standards. Anthony Chiejina, the company's spokesperson, emphasized that recent reports suggesting substandard diesel production led to the price reductions are unfounded. Chiejina clarified that the refinery's diesel output contains significantly lower levels of Sulphur compared to previous imports, debunking claims of inferior quality. He further dismissed assertions that the reduced price is indicative of lower quality, citing market dynamics and the company's…

Nigeria is poised to descend to the fourth position among Africa's largest economies in 2024, a stark contrast to its long-held status as the continent's largest economy since the GDP rebasing in 2013. According to forecasts from the International Monetary Fund (IMF) for April 2024, Nigeria's GDP is projected to amount to $253 billion, primarily attributed to the devaluation of the Naira. The IMF predicts that South Africa will reclaim its position as Africa's largest economy, boasting a GDP of $373 billion, followed closely by Egypt with $348 billion and Algeria with $267 billion. This projection marks a significant shift…