The International Energy Agency (IEA) said Nigeria could increase its electricity access between now and 2025 by implementing some important plans. This is according to the latest Electricity Market Report by the IEA released on Wednesday, February 8, 2023, and seen by Nairametrics. The recommendations are in line with the government’s intervention in the Nigeria Electricity Supply Industry (NESI). They include the following- Commissioning the Zungeru Hydro Plant: The 700-megawatt (MW) Zungeru hydroelectric power plant is located 77km downstream of the Shiroro Hydropower Project in Niger State. The plant is expected to be commissioned by the first quarter of 2023 and will add to the…
Author: Oladi Samuel
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The International Energy Agency (IEA) said Nigeria could increase its electricity access between now and 2025 by implementing some important plans. This is according to the latest Electricity Market Report by the IEA released on Wednesday, February 8, 2023, and seen by Nairametrics. The recommendations are in line with the government’s intervention in the Nigeria Electricity Supply Industry (NESI). They include the following- Commissioning the Zungeru Hydro Plant: The 700-megawatt (MW) Zungeru hydroelectric power plant is located 77km downstream of the Shiroro Hydropower Project in Niger State. The plant is expected to be commissioned by the first quarter of 2023 and will add to the…
Paradigm Initiative (PIN), a Pan-African social enterprise, has announced plans to deploy digital toolkits and engage fact-checkers, to ensure that only accurate information is disseminated before, during, and after the 2023 general elections in Nigeria. PIN’s Programme Assistant, Sani Suleiman, disclosed this at a media parley on Wednesday that was organised to address digital rights violations. He said that the plan was to ensure that information provided on social media by individuals and politicians during the elections are verified and corrected where necessary. The toolkit: Emphasising the importance of the toolkit especially as the country gets closer to the election,…
Naira depreciated against the US dollar at the black market on Wednesday, 8th February 2023, trading at an average of N750/$1. This represents a depreciation of 0.67% compared to N745/$1 recorded on Tuesday, 7th February 2023. This is according to information from black market FX traders who spoke to Nairametrics. Likewise, the exchange rate at the cryptocurrency P2P exchange depreciated on Wednesday, 8th February 2023, trading at a minimum of N747.30/$1, a 0.09% fall against N746.6/$1 recorded in the previous trading session. On the other side, the exchange rate at the investors and exporters (I&E) window appreciated by 0.14% to close at N461.5/$1 on Tuesday,…
The campaign team of APC’s presidential candidate Bola Ahmed Tinubu has called for the suspension of Godwin Emefiele, the CBN Governor, following the Supreme Court’s ruling that temporarily halted any plans to ban the use of the old naira notes across the country. The call was made by Bayo Onanuga the Director of Media and Publicity for the Tinubu/Shettima Campaign, and Femi Fani Kayode the Chief of the Tinubu campaign after the ruling. Tinubu’s campaign team claimed that the CBN’s decision to redesign the N200, N500 and 1,000 banknotes was planned to sabotage his victory in February presidential election by people…
Flutterwave, Africa’s leading payments technology company, has announced today that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt. The licenses will enable Flutterwave to act as an official payment service provider in the country, collect payments on behalf of its customers and settle payments locally and globally. These licences will allow Flutterwave to deploy Flutterwave for a Business suite of products including store, payment links, invoices, and checkout in Egypt. Flutterwave as a result of these licenses becomes one of the few payment service providers in Egypt with both local and global settlements capabilities. …
The Independent National Electoral Commission (INEC) has come under heavy criticism for liking a tweet disparaging the presidential candidate of the Labour Party, Peter Obi. Although this may have been the handiwork of the social media handler of the Commission, Nigerians are accusing the electoral umpire of showing its bias through the action. A like on a post on social media indicates that you approve of, or you concur with the message of the post. In this case, the tweet that was liked by INEC was a story published by an online newspaper, Premium Times, with the headline: “Peter Obi:…
The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt. Musa Nuhu, has said that the emergence of new airlines in the country and the route expansion programmes of existing operators have increased the agency’s cost of surveillance progranmmes and oversight responsibilities. Capt. Nuhu disclosed this while speaking as a special guest of honour at the opening ceremony of the League of Airport and Aviation Correspondents (LAAC) Training Programme in Ilorin on Wednesday. He further noted that the level of safety in the industry has increased the confidence of investors and the flying public. Increasing costs: He, however, said that…
Following the Federal High Court hearing on 7th February 2023, Jide Omokore chairman of Atlantic Energy Drilling Concepts Nigeria Limited who was arraigned by the Economic and Financial Crimes Commission (EFCC) on a 15-count charge has been discharged and acquitted, of fraud allegations. He was alleged to have fraudulently diverted $1.6bn alleged to be part of proceeds of sales of petroleum products belonging to the federal government. Jide Omokere who is the first defendant and his co-defendants were initially arraigned on July 4, 2016. Following more findings, the Economic and Financial Crimes Commission re-arraigned the defendants on November 21, 2016, before Justice…
Basketball star LeBron James has now scored more points than any other NBA player in history, surpassing fellow Los Angeles Laker Kareem Abdul-Jabbar’s total 38,387 points on Tuesday night. Since Abdul-Jabbar passed Wilt Chamberlain’s 31,419 points on April 5, 1984, no new name has topped the NBA’s all-time point standings. LeBron was born nearly nine months after Abdul-Jabbar broke Chamberlain’s record. By using his skyhook, Abdul-Jabbar continued to rack up points until he retired in 1989 at the age of 42 A historic record: James, who is now 38 years old, broke the record late in the third quarter when he…