Nigerians Plunge into Darkness as National Power Grid Collapses Again Description: Nigerians face widespread power outage as the nation’s power grid suffers another collapse on Monday, April 15, 2024. Data from the Nigerian System Operator’s portal reveals a drastic drop in power generation, hitting zero Megawatts (MW) in the early hours of the morning. As…
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“Late Nollywood Actor Mr Ibu’s Family Announces Burial Date and Ceremonial Schedule” The family of the late Nollywood icon, John Okafor, famously known as Mr Ibu, has revealed the burial date and detailed ceremonial plans. Following Mr Ibu’s recent passing, the family disclosed that the burial will take place in his hometown, Amuri, located in…
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Ikeja Court Grants Godwin Emefiele ₦50 Million Bail in $4.5 Billion Fraud CaseDescription: An Ikeja Special Offences Court on Friday granted bail to suspended Central Bank of Nigeria (CBN) Governor Godwin Emefiele, setting the bail amount at ₦50 million. Emefiele faces charges of abuse of office and fraud amounting to $4.5 billion and ₦2.8 billion,…
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Electricity Generation Plummets to 2,775MW Amid New Tariff Controversy and Supply ChallengesDescription: Against the backdrop of ongoing debates over the new electricity tariff and persistent power supply issues, electricity generation dropped sharply to 2,775 megawatts (MW) yesterday, marking a significant 32.3% decrease from the 4,099.87MW recorded the previous week. Data released by the Nigeria Electricity…
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Minister Adelabu: Solving Nigeria’s Power Sector Challenges Requires Time and PersistenceDescription: Minister of Power, Adebayo Adelabu, asserts that addressing the extensive power sector issues accumulated over five decades cannot be accomplished within a single year under President Bola Ahmed Tinubu’s administration. Adelabu shared this perspective during an interview with Channels Television, underscoring the need for…
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Title: Air Peace Names Aircraft ‘Ojochide’ Reflecting Cultural Harmony: CEO’s Multicultural BackgroundMeta Description: Air Peace, a prominent Nigerian airline, christens some of its aircraft “Ojochide,” an Igala word meaning “God is my guardian or protector.” This reflects the multicultural background of CEO Chief Allen, from Anambra State, and his wife Alice Ojochide Onyema, from the…
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Title: “EFCC Issues Warning Against Dollar Payments: Schools, Supermarkets, and More Targeted”The Economic and Financial Crimes Commission (EFCC) has issued a stern caution to supermarkets, schools, and various establishments across Nigeria, advising against the practice of charging for services in dollars or any foreign currency. Ola Olukoyede, the chairman of EFCC, conveyed this warning in…
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“End of Ramadan Fasting: Katsina State Declares Friday as Extra Public Holiday”In a statement signed by Katsina State Governor, Dikko Radda, and released by the Commissioner for Information and Culture, Bala Zango, the state has announced Friday as an additional public holiday in celebration of Eid-el-Fitr. This decision aims to enable workers in the state…
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Title: “Kannywood Mourns: Veteran Actress Saratu Gidado, Known as Daso, Passes Away”Renowned Kannywood actress Saratu Gidado, affectionately called Daso, has sadly passed away. The news of her demise was announced by a local radio station in Kano State, revealing that she peacefully passed in her sleep.Daso’s family members shared that she failed to wake up…
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Title: “Federal Government Announces Additional Holiday for Eid-El-Fitr Celebration”In a press statement from the Minister of Interior, Dr. Olubunmi Tunji Ojo, the federal government has declared Thursday, April 11th, 2024, as an extra public holiday to mark this year’s Eid-El-Fitr. The statement also highlights President Bola Ahmed Tinubu’s dedication to ensuring a secure and prosperous…
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“CBN Prohibits Use of Foreign Currency Collaterals for Naira Loans, Except for Certain Exceptions”The Central Bank of Nigeria (CBN) has implemented a new directive, prohibiting Nigerian banks from accepting foreign currency-denominated collaterals for Naira loans. This announcement was made in a letter addressed to all commercial banks and signed by Adetona Adedeji, Director of the…
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“CBN Sets Dollar Sale Rate to BDC Operators at N1,101/$”In a recent announcement, the Central Bank of Nigeria (CBN) revealed its decision to sell dollars to Bureau De Change (BDC) operators at a rate of N1,101 per one dollar. According to a circular published on its website, the apex bank instructed operators to adhere to…
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“Governor Umo Eno Affirms Zero Borrowing Policy Since Assumption of Office in Akwa Ibom State”Governor Umo Eno of Akwa Ibom State has emphasized his commitment to financial prudence by revealing that he has not taken any loans or sought external funding on behalf of the state since assuming office. This declaration underscores his dedication to…
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“Edo State House of Assembly Impeaches Deputy Governor Philip Shaibu: Latest News”The Edo State House of Assembly has impeached Deputy Governor Philip Shaibu, according to recent reports. This decision follows the submission of a report by Justice S.A. Omonua-led seven-man panel, which investigated a petition against the deputy governor.The panel concluded that the allegation of…
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The embattled former Central Bank of Nigeria Governor, Godwin Emefiele, has arrived at the Ikeja State High Court in Lagos for his arraigned over alleged abuse of office and allocation of billions of dollars. Emefiele, alongside his co-defendant, one Henry Isioma Omole, will be arraigned on fresh 26 counts before Justice Rahman Oshodi this morning. In the charge…
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