The Federal Government has said that there will be no going back on the 45 per cent increase in electricity tariff, adding that a reversal will cost over N575 billion. The Minister of Power, Works and Housing, Mr Babatunde Fashola, made the statement in Abuja on Tuesday when he briefed the Senate Committees on Labour […]
Serial entrepreneur, philanthropist and promoter of Africaptalism, Tony O. Elumelu, on May 27 delivered an inspiring speech in Paris, France, selling Nigeria as an investment destination to the French business community. Elumelu, who is the Chairman of Pan-African banking group, United Bank for Africa (UBA) Plc and proprietary investment firm, Heirs Holdings delivered the speech […]
President Muhammadu Buhari on Tuesday directed the Nigerian Shippers’ Council (NSC) as the economic regulator of ports to produce a viable blueprint for maximum exploitation of the economic potentials of the maritime industry. Buhari gave the directive in a message to the 14th Maritime Seminar for Judges in Abuja. The President was represented by […]
Facebook has acquired Two Big Ears, an immersive audio company based in UK, for an undisclosed fee. Announcing the deal on its website, Facebook says its pipeline for cinematic VR and 360 video, including the authoring tools, encoder and rendering engine are now available for free. Details of the deal were not provided. Two […]
Shell launches a major public service campaign in Nigeria on Tuesday, May 31, 2016, as part of a global effort to encourage debate on how a rapidly expanding world population can meet its energy needs. Using traditional and social media advertising and other targeted activities, the 2016 campaign, christened #makethefuture, follows from the ‘Let’s […]
Roland Collins, popularly known as Troy Ave was on Monday charged with attempted murder in connection with the Irving Plaza shooting that killed his bodyguard and wounded two others. New York Post reported that the Crown Heights rapper was ordered held without bail at Manhattan Criminal Court for the shooting at a rap concert last […]
The Nigerian Army on Monday night announced the imposition of a dusk to dawn curfew on Pandogari, Rafi LGA of Niger State, following a religious crisis that started with the killing of an Igbo trader by a Muslim mob on Sunday night. The victim, Mr, Methodus Chimaije Emmanuel, a 24-year-old trader based in Pandogari, “was […]
The Civil Society Network Against Corruption (CSNAC) has demanded a comprehensive investigation into allegations of looted pension funds to the tune of N200 billion by several individuals and organisations. In a petition addressed to the office of the chairman of the Economic and Financial Crimes Commission (EFCC) and supported with documents, the chairman of […]
Contrary to expectations, President Buhari on Sunday morning failed to name treasury looters he was recently reported to have promised – a promise that was not denied. Below is the text of his Democracy Day Speech, which analysts have criticized for being full of plans and intentions and betraying a lack of a sense of […]
President Muhammadu Buhari on Sunday frowned at the activities of illegal miners in the country, saying that special security team had been set up to check the menace. Speaking in a broadcast in Abuja, the president said that the security team was saddled with the task of protecting the nation’s mining assets. He also […]