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Nigeria’s electricity grid on Saturday collapsed yet again, throwing several cities into darkness. The latest collapse is coming months after the national grid collapsed in April. Confirming the collapse, the Abuja Electricity Distribution Company (AEDC) said the grid collapsed around 3:10 p.m. on Saturday affecting the power supply to its franchise areas. “Dear valued customers, please be informed that the power outage being experienced is due to a system failure from the national grid at 3:10 p.m. today, affecting the power supply to our franchise areas. “Rest assured, we are working with the relevant stakeholders to restore power as soon…
Niger, Mali and Burkina Faso, three military-led West African states, signed a confederation treaty on Saturday, underscoring their determination to chart a joint course outside the regional political and economic bloc that has been urging them to return to democratic rule. The signing took place at the first summit of the Alliance of Sahel States (AES) and signals an ever-closer alignment between the neighbours in the insurgency-torn central Sahel. Juntas seized control in a series of coups in the three states in 2020-2023 and severed military and diplomatic ties with regional allies and Western powers. Niger's military leader Abdourahamane Tiani…
The United Nations has again predicted that 82 million Nigerians, may go hungry by 2030, calling on the government to tackle climate change, pest infestations, and other threats to agricultural productivity. The prediction comes in the wake of a persistent hike in food prices in the country. According to the National Bureau of Statistics, Nigeria’s food inflation rate hit a record high of 40.66 per cent in May 2024, surpassing the previous month’s 40.53 increase. This surge represents the largest year-on-year increase in food prices since records began in 1996. Historically, food inflation in Nigeria has averaged 13.42 per cent,…
Fresh queues for Premium Motor Spirit, popularly called petrol, surfaced in Abuja, parts of Niger and Nasarawa States on Friday, following the closure of many filling stations operated by independent marketers. Dealers closed their retail outlets due to their inability to access petrol as a result of the hike in the ex-depot price of the commodity to N710/litre by private depot owners. Motorists besieged the few stations that dispensed petrol on Friday, particularly those operated by the Nigerian National Petroleum Company Limited and some major oil marketers in Abuja and neighbouring states. This led to massive queues in outlets, such…
Nigeria's debt to petrol suppliers has surpassed $6 billion - doubling since early April - as state oil firm NNPC struggles to cover the gap between fixed pump prices and international fuel costs, six industry sources said. President Bola Tinubu announced an end to expensive fuel subsidies last year, allowing pump prices to triple. But state oil company NNPC capped pump prices shortly afterward as citizens chafed under rising cost of living. The cap, coupled with a naira crash, allowed the subsidy to creep back. Tinubu's government expects the subsidy to cost at least $3.7 billion this year. Analysts, NGOs…
PRESS RELEASE On 28 June 2024, Nigeria signed the Samoa Agreement at the Organisation of African, Caribbean, and Pacific States (OACPS) Secretariat in Brussels, Belgium. The partnership agreement is between the EU and its Member States on one hand, and the members of the OACPS on the other. Negotiations on the agreement started in 2018, on the sidelines of the 73rd United Nations General Assembly. It was signed in Apia, Samoa on the 15th of November 2018 by all 27 EU Member states and 47 of the 79 OACPS Member states. The agreement has 103 articles comprising a common foundational…
Some clerics, rights activists, and Civil Society Organisations (CSOs) in Nigeria are furious following the decision of the federal government to sign the controversial Samoa Agreement. The agreement reportedly has some clauses that compel underdeveloped and developing nations to support the agitations by Lesbian, Gay, Bisexual, and Transgender (LGBT) community for recognition, as condition for getting financial and other supports from advanced societies. Named after the Pacific Island Samoa, where it was signed on November 15, 2023, the agreement is gradually gaining traction, despite opposition by many countries that cherish Islamic and Christianity values, in addition to the sensitivity of…
Four electricity distribution companies have announced a tariff increase from N206.80 per kilowatt to N209.5 per kilowatt-hour (kwh) for premium customers under the Band A category, effective July 1, 2024. This change applies to both prepaid and postpaid customers. Kaduna, Port Harcourt, Kano, and Ikeja DisCos all confirmed the increase in separate statements, assuring Band A customers of continued 20-24 hours of daily power supply as stipulated in the service-based tariff regime. The companies emphasized that tariffs for Bands B, C, D, and E remain unchanged. Ikeja Electric stated that the increase aligns with the service-based tariff regime and will…
Students of the University of Benin on Wednesday took to the streets, blocking the ever-busy Benin-Ore Highway to protest weeks of power outages on the campus. The students, who have only two weeks until their first semester examinations, said the situation was severely affecting their preparation. The university was thrown into a blackout following the inability to reach an agreement with the Benin Electricity Distribution Company (BEDC) over a contentious electricity bill. The management of the institution was said to have expressed discontent after the Benin Disco reportedly made an upward review of the institution’s monthly electricity charges by over…
Business and commercial activities were grounded on Wednesday following a 10-hour downpour in many parts centres of Lagos and Ogun states. The resulting flooding brought down a two-storey building in the Mushin area of Lagos, grounded vehicular movement on the roads and overwhelmed thousands of residents while pupils could not attend schools in parts of the states. Though the Lagos State government said the rain lasted for nine hours, in some parts of the state, it started at midnight and did not subside until noon, making it 12 hours. Such places include Berger, Ikeja, Ogba and in some parts, the…
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July 26, 2024

CBN still hasn’t settled all FX backlog contrary to claims, local businesses insist

Nigerian corporates and SMEs have decried the non-settlement of Foreign Exchange (FX) forwards by the…
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Amnesty International to FG: Nigerians have a right to protest

Amnesty International has urged President Bola Tinubu's administration to avoid threatening Nigerians who plan to…
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Normal practices and routines from the past that have Gen Z'ers confused and perplexed

I am not that old, but one time, I was telling my younger cousins about…
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World’s largest cashew tree covers an area of 8,400 square meters

The Pirangi Cashew Tree in Brazil’s Rio Grande do Norte is considered the world’s largest…
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At least seven soldiers killed by landmine in Borno

At least seven Nigerian soldiers were killed after a mine exploded on a highway in…
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Here’s the latest as Israel-Hamas war enters Day 295

Netanyahu meets with Trump at Mar-a-Lago, offering measured optimism on a Gaza cease-fire Israeli Prime…
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Chips maker Nvidia rises to world’s most valuable company

Nvidia has become the world’s most valuable company following a staggering rally in its shares,…
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Amusan secures fourth straight national title in 100m hurdles

Tobi Amusan has claimed her fourth consecutive national title in the women’s 100 metres hurdles…

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