The Minister of Power, Adebayo Adelabu, has said that the introduction of higher tariffs for Band A users has reduced the electricity subsidy paid by the Government from about N3 trillion to N1 trillion. Adelabu disclosed this at the public hearing on electricity tariffs in Abuja organized by the House of Representatives Joint Committee…
Guinness has announced it will exit the Nigerian market and sell off its controlling shares to Singaporean conglomerate Tolaram Group on Tuesday, June 11. Guinness has joined a long list of multinationals, like GlaxoSmithKline and Microsoft, that have left Nigeria, citing the harsh economic climate in the country. The brewery company recorded a staggering N61.9…
The Senate on Tuesday, June 11, adjourned plenary session to July 2, 2024. The development is to enable the lawmakers to participate in the activities marking the 2024 Democracy Day as well as its end of session break. The Senate President, Godswill Akpabio, announced this during Tuesday’s plenary session. The 10th National…
Minister of Works, Engr. David Umahi, has said that phase one of the Lagos-Calabar super highway will be ready for commissioning by May 2025. Umahi disclosed this at a meeting with contractors at the Ministry’s headquarters in Mabushi, Abuja. Commending the contractor handling the project for the quality of work, Umahi also revealed that…
