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Minister of Power, Abubakar Aliyu, has explained reasons behind the recent poor power supply, citing hydro capacity during dry season and maintenance work at gas plants. Since February, most parts of the country have been experiencing poor power supply — worse than it used to be. The minister at a press briefing Thursday in Abuja said the outage experienced around the country is being addressed through three approaches. “I would like to discuss the increased load shedding you may have observed in Abuja and other areas in the country. With the reduction in hydro capacity during the dry season, additional…
Russian forces pressed their attack on a crucial energy-producing Ukrainian city by shelling Europe’s largest nuclear plant early Friday, sparking a fire and raising fears that radiation could leak from the damaged power station. The assault on the eastern city of Enerhodar and its Zaporizhzhia nuclear plant came as the invasion entered its second week with Russian forces gaining ground in their bid to cut off the country from the sea. Elsewhere, another round of talks between the two sides yielded a tentative agreement to set up safe corridors inside Ukraine to evacuate citizens and deliver humanitarian aid. Nuclear plant…
Russia's central bank governor has said that its global payments will continue to function despite the SWIFT ban. The central bank chief said Russia's SPFS, an internally-developed payments system, will replace SWIFT. Meanwhile, reports say the Russian government is working on a "one world" digital currency for global trade. Bank of Russia’s governor has said that Russia will continue global payments via an alternative to the SWIFT network. Central bank governor Elvira Nabiullina said its system was ready to take the place of SWIFT. Russia To Replace SWIFT With SPFS Russia has an internal replacement for SWIFT, Russia’s central bank…
Nigerian Governors Wives Forum (NGWF) has confirmed that the viral video showing its members celebrating Aisha Buhari’s birthday in Dubai is real. The forum, however, says though the celebration held in Dubai, it was a coincidence as that was not the main reason its members travelled to the UAE city. The position of NGWF was contained in a statement by wife of Ekiti State Governor and chairperson of the forum, Bisi Fayemi, on Wednesday. Fayemi, who was in the video, stated that the Nigerian First Lady’s birthday coincided with an official trip which some wives of governors were part of.…
The number of people who have fled Ukraine since Russian forces invaded on Feb. 24 has reached 1 million, the U.N. refugee agency said Wednesday. The tide of people fleeing Ukraine — by car, train and on foot — marks the swiftest exodus of refugees this century. Shabia Mantoo, spokeswoman for the U.N. High Commissioner for Refugees, said “at this rate,” it could become “the biggest refugee crisis this century.” Russia and Ukraine said Wednesday that they were prepared to hold talks for the second time, expected to take place Thursday in Belarus. There appears to be little common ground…
Russia’s defence ministry said on Wednesday that 498 Russian soldiers had died in Ukraine and another 1,597 had been wounded since the beginning of Moscow’s military operation there, Russia’s RIA news agency reported. It was the first time that Moscow had put a figure on its casualties. The ministry also said that more than 2,870 Ukrainian soldiers and “nationalists” had been killed and about 3,700 wounded, according to Interfax. The numbers could not be independently verified and there was no immediate comment from Ukraine. Reuters
China resolutely opposes the use of illegal, unilateral sanctions, given the fact that they are not an effective way to solve problems, but bring difficulties to people's livelihood while aggravating divisions and confrontation, Foreign Ministry spokesperson Wang Wenbin said at a regular press conference on Wednesday. The Ukraine conflict has led to widening sanctions by the EU and the US, ranging from excluding Russia from the SWIFT interbank communication system to banning Russian aircraft from entering their airspace. The moves boosted global complexity while pushing Russia to launch retaliatory countermeasures. Wang reiterated China's resolute opposition to the widening sanctions against…
Washington’s regional partners have so far rebuffed U.S. calls to come out against Moscow The Biden administration is pushing its closest Middle East partners to back Ukraine in its deepening war with Russia and for help alleviating the economic fallout—without much to show for it. From the Persian Gulf’s oil-rich monarchies to Israel, U.S. allies and partners are staying neutral or tempering their criticism of Moscow in a revealing sign of Russia’s growing influence in the region. Saudi Arabia, the de facto OPEC leader, has rebuffed U.S. requests to pump more oil to help tame surging crude prices, which topped…
Federal Government’s plan to retain the collection of Value Added Tax despite a Federal High Court ruling, hit a brick wall on Tuesday as the National Assembly rejected a proposal seeking to shift the collection of VAT from the concurrent to the exclusive legislative list, effectively leaving the decision to the Supreme Court which is hearing the matter. A Federal High Court had last year ruled that states had the powers to collect VAT. However, the Federal Government opposed the ruling and continued to collect VAT while it projected that it will collect N2.2tn in 2022 through the Federal Inland…
President Muhammadu Buhari on Tuesday, departed Abuja for Nairobi, Kenya, where he’s billed to participate in the 50th anniversary of the United Nations Environmental Programme scheduled for Thursday and Friday. He will, thereafter, proceed to London, United Kingdom, for routine medical checks that will last for a maximum of two weeks. Buhari’s trip comes after an invitation extended to him by his Kenyan counterpart, Uhuru Kenyatta, to attend a special session themed, ‘Strengthening UNEP for the Implementation of the Environmental Dimension of the 2030 Agenda for Sustainable Development’. Special Adviser to the President on Media and Publicity, Femi Adesina, disclosed…
May 08, 2025

‘Don’t worry’ about your salary early in your career, says Warren Buffett: Focus on this…

I worked at a financial magazine for much of my 20s, and for the most…
May 08, 2025

Pat Utomi forms ‘shadow government’. These are the members and what they’ll do

Economist and political activist, Pat Utomi has assumed a formal opposition role with the formation…
May 09, 2025

Ultra-processed foods are driving premature deaths. Here are the 4 common culprits

Ultra-processed foods are getting a lot of attention. Research links them to cancer, heart disease,…
May 03, 2025

Man accidentally buys his own car after it was stolen a few weeks earlier

An English man unknowingly bought back his own Honda Civic just weeks after it was…
May 07, 2025

Gunmen invade Plateau communities, kill six, injure several

No fewer than six persons were killed in renewed attacks in Marit and Gashish communities…
May 09, 2025

Here’s the latest as Israel-Hamas war enters Day 581

Israel says it intercepted missile fired from Yemen; Houthis claim responsibility Israel's military said on…
May 07, 2025

The first driverless ‘trailers’ have started running regular longhaul routes

Driverless trucks are officially running their first regular long-haul routes, making roundtrips between Dallas and…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

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