Eko Electricity Distribution Company (EKEDC) has announced a major restructuring of its operations with the creation of a new subsidiary, Excel Electricity Distribution Company Limited, which will exclusively handle power distribution across Lagos State. In a statement, the General Manager, Corporate Affairs, Mr. Babatunde Lasaki, said the establishment of the new subsidiary was in full…
The Transmission Company of Nigeria announced a four-day blackout in Lekki, Ikoyi, Jakande, and surrounding parts of Lagos State. TCN’s spokesperson, Ndidi Mbah disclosed this in a statement on X on Wednesday. The outage, which is expected to take effect on October 11, 12, 18, and 19, 2025, would last for eight hours daily. According…
The BRICS plan to replace the US dollar gained serious momentum when Russia hosted the 2025 Moscow Financial Forum and announced a dedicated precious metals exchange. This platform allows countries to settle payments in gold, platinum, diamonds, and also rare earth minerals, bypassing Western systems like the London Metal Exchange and SWIFT entirely. The BRICS…
The Palace of the Oba of Benin has rejected the introduction of the “Iyaloja” title into Edo State’s market system. The Palace said the Iyaloja title is alien to Benin culture and potentially disruptive to peace and tradition. This was disclosed in a statement issued by the Benin Traditional Council (BTC) and authorized by His…
This growth will be driven by a major upgrade of our exploration and production services, enhanced execution capacity, and the acquisition of seven brand-new rigs to accelerate and improve production efficiency, Leste Aihevba, Chief Technical Officer, Asharami Energy, a Sahara Group Upstream Company said. Aihevba made this disclosure while addressing investors and stakeholders during a…
Following weeks of speculation, Professor Mahmood Yakubu has officially stepped down as the Chairman of the Independent National Electoral Commission (INEC). The announcement was made on Tuesday during a meeting with Resident Electoral Commissioners (RECs) at the INEC headquarters in Abuja. Yakubu handed over to a National Commissioner of the commission, May Agbamuche-Mbu, who stepped…
The Federal Road Safety Corps (FRSC) is set to launch an enhanced and upgraded system for the processing of driver’s licences and vehicle number plates to ensure effective and efficient service delivery nationwide. The FRSC Corps Marshal, Malam Shehu Mohammed, made this known in Abuja while addressing staff and stakeholders during the 2025 Customer Service…
The Nigerian National Petroleum Company Limited, NNPCL, has attributed the recent rise in cooking-gas prices to a temporary disruption to loading and distribution during the strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria. The Group Chief Executive of NNPCL, Mr Bayo Ojulari, disclosed this while speaking to State House correspondents on…
The Nigerian government is reportedly in discussions with China’s Export-Import Bank for a $2 billion loan to construct a new “super grid” aimed at resolving the country’s persistent electricity challenges. Minister of Power, Adebayo Adelabu, said on Monday that the new transmission line would serve both the eastern and western regions of Nigeria, where many…
On Sunday, OPEC+ agreed to raise oil output by 137,000 barrels per day (bpd) from November. The increase is equal to the one adopted in October, with markets seeing it as a cautious step amid persistent fears of an oversupplied market. This relatively modest increase came after the group hit back at rumors of a…
