It was with joy residents of the nation’s capital city Abuja welcomed the arrival of the Abuja Electricity Distribution Company (AEDC). AEDC was incorporated in Nigeria on 8 November 2005 as a public liability company to take over electricity distribution activities and related businesses of the Power Holding Company of Nigeria
Read More
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), formerly Department of Petroleum Resources (DPR), has described the allegations indicting the commission of complacency in the Santa Barbara oil spill in Nembe, Bayelsa State, by the National Oil Spill Detection and Response Agency (NOSDRA) as unfounded. Saturday Sun had on Thursday reported an
Read More
The federal government yesterday inaugurated state-of-the-art Fire Assay laboratory and Earthquake Monitoring Centre, the very first of its kind in the West Africa region. The Minister of Mines and Steel Development, Mr. Olamilekan Adegbite, disclosed that the nation was building a world-class mining sector that would be the toast of investors. Adegbite
Read More
The Senate Committee on Solid Minerals, Mines, Steel Development and Metallurgy has expressed concern that the Ajaokuta Steel Company had been “left in deep slumber” for several years without resuscitation. The committee’s Chairman, Umar Tanko Al-Makura (APC, Nasarawa), told newsmen yesterday that Ajaokuta would remain moribund without special funding to the
Read More
The Lagos State Government has disclosed plans to deliver 50 MegaWatt of electricity for 20 hours daily to residents through the Lagos State Electricity Policy. Governor of Lagos, Mr Babajide Sanwo-Olu made this known in a statement on Saturday signed by Mr Kayode Oyekanmi, Director Public Affairs, Ministry of Commerce, Industry
Read More
The Senate on Friday described most airports established by state governments as white elephant projects. Chairman of Senate Committee on Aviation, Senator Smart Adeyemi, who stated this during presentation of reports on the 2022 budgetary projections for the Aviation sector before the Senate Committee on Appropriations, said functional airstrips are better
Read More
Governor of Central Bank of Nigeria, CBN, Godwin Emefiele, Friday said that the much awaited Infrastructure Corporation (InfraCorp) will take off in February with N1.5 trillion investment in three infrastructure projects across the country. Emefiele disclosed this in Lagos while presenting the keynote address at the Annual Bankers Dinner of the
Read More
The Managing Director, Galaxy Backbone (GBB), Prof. Muhammad Abubakar, has said that the agency has saved over N3 billion for the Federal Government from championing video conferencing last year. Abubakar disclosed this at the GBB maiden Customer Appreciation Day, in Abuja, where customers were updated on its services and acknowledged for
Read More
According to President Nayib Bukele, El Salvador aims to establish the world’s first “Bitcoin City,” which will be funded initially with bitcoin-backed bonds. El Salvador became the first country in the world to recognize bitcoin as legal cash in September. Bukele stated that the city planned in La Union’s eastern part would
Read More
Nigeria’s hope of improved production may have been re-ignited as a result of the lifting of force majeure on crude exports by Shell Petroleum Development Company of Nigeria (SPDC) from Bonny Light terminal following repairs to a leaking pipeline. Operational issues have hampered Nigeria’s crude production throughout the second half of
Read More
