Author: Ifetayo Adeniyi

Electricity distribution company, Ikeja Electric, has attributed the ongoing reduction in electricity supply to a nationwide decline in power generation caused by limited gas supply to thermal power plants. In a public notice issued via its X handle on Monday, the distribution company said the development has significantly affected the volume of energy available on the national grid and, by extension, the allocation to electricity distribution companies. “The ongoing reduction in electricity supply is largely due to a nationwide drop in power generation, caused by limited gas supply to thermal power plants,” the company stated. It explained that the situation…

FirstBank’s MREIF mortgage loan product is an opportunity waiting for Nigerians to grab, as FirstBank, Ministry of Finance Incorporated (MOFI) partner to bridge housing deficit and empower citizens with credit to own their own homes of choice in any 36 states of the federation including Federal Capital Territory (FCT). This laudable initiative considers the importance of shelter to Nigerian citizens especially low and middle income earners that have to save for years before they can build for themselves. It aims at delivering homes to those who would apply without stress, putting smiles on the faces of Nigerians now, and during…

H.E Rtn Hon Sheriff Oborevwori Elegbede Abiodun Daughter of the late MKO Abiola, Rinsola Abiola, Director General, Citizens Leadership and Transformation Centre (CLTC), lends her voice to the proposed Delta State SDGs Museum describing it as a powerful investment in education and the future. The SDGs Museum is not just a space it is where learning meets purpose, and awareness drives transformation. #SDGs #GlobalGoals #MORE Through SDGs #SDGsMuseum #EducationForDevelopment #LeaveNoOneBehind #DeltaState Details shortly…

File photo: PenCom The Federal Government on Monday unveiled the Governing Board of the National Pension Commission, directing members to uphold corporate governance and safeguard over N28tn in pension assets under the Contributory Pension Scheme. This was contained in a statement issued by PenCom on Monday. Speaking during the inauguration ceremony in Abuja, the Secretary to the Government of the Federation, George Akume, described PenCom as “a critical pillar of Nigeria’s financial sector, entrusted with the retirement savings of millions of Nigerians.” Akume said the inauguration reflects the government’s commitment to building “a pension system that is transparent, resilient, and…

Elegbede Abiodun NAN reports that out of the 288 million euros, 23 million euros is for grant support for the Nigerian DPI. The European Union delegation to Nigeria and ECOWAS has announced the roll-out of €288 million in support for Nigeria’s healthcare, agriculture, finance, migration, climate, and digital public infrastructure sectors. The announcement was made at an EU-Nigeria Ministerial news conference in Abuja, highlighting the EU’s new commitments under the EU-Nigeria Partnership. The Director General, International Partnerships, European Commission, Mr Stefano Signore, described the funding as part of the EU’s Global Gateway Strategy, aimed at accelerating investment and strengthening key…

File: Davido Nigerian Afrobeats superstar, Adeleke Davido, popularly known as Davido, has made public his first-ever festival, “Davido & Friends,” set to take place at the Crystal Palace Bowl on Friday, August 14, 2026. In a post on his X handle on Monday, the artist, also known as OBO, declared, “For the first time ever, I present to you… Davido & Friends Festival. “It’s going down at Crystal Palace Bowl on August 14th.” The event forms part of the “Palace Bowl Presents” series, an eclectic summer festival lineup at the outdoor venue in South London. It is scheduled to run…

(Middle) National Union of Road Transport Workers President, Tajudeen Baruwa, addressing newsmen after taking control of the NURTW national secretariat in Abuja on Monday. Credit: Abdulrahman Zakariyau The decision upholds an earlier judgment of the lower court, which was delivered on March 11, 2024, where Baruwa was recognised as the union’s president. The leadership crisis rocking the National Union of Road Transport Workers took a dramatic turn as Tajudeen Baruwa assumed control of the union’s national secretariat in Abuja, dislodging Musiliu Akinsanya, popularly known as MC Oluomo, following a series of court rulings that reshaped the union’s power structure. Speaking…

Manny Ita  – The Nigeria Football Federation has formally commenced its 2026 electoral process with an Extraordinary General Assembly convened in Yenagoa, where key decisions are expected to shape the leadership structure of Nigerian football for the next cycle. Delegates drawn from across the federation’s congress arrived in Bayelsa State for the high-stakes meeting, which is primarily focused on the constitution of electoral and appeals committees that will oversee the forthcoming elections. The process is being closely observed by representatives of both FIFA and Confederation of African Football, a move widely seen as an effort to reinforce transparency and credibility.…

James Woods is a global strategic communications consultant and co-founder of GQI. Oil can be stored, rerouted, and replaced. Water cannot. That asymmetry is the strategic fact this conflict has forced into the open. Somewhere in the archives of the US State Department, there is a diplomatic cable that rewrites the entire geopolitical risk framework for the Middle East. Sent from the US Embassy in Riyadh in 2008 and later released by WikiLeaks and widely cited since the current conflict began, it states, without qualification, that “Riyadh would have to evacuate within a week” if the Jubail desalination plant, or…

Unity Bank clarified that recent media reports suggesting that the bank had not met the recapitalisation requirement of the Central Bank of Nigeria were inaccurate. The bank explained that the apex bank had earlier supported the proposed merger between Unity Bank and Providus Bank as part of efforts to meet the required capital threshold. The bank stated that the approval granted by the regulator included a key financial accommodation meant to support the merger transaction. According to the clarification, the financial accommodation had already been converted into Tier-1 capital, raising the combined capital base of the two banks above the…