At the backdrop of worsening power supply to offices and homes, Electricity Distribution Companies (DisCos) have recorded a combined loss of N2.349 trillion over the past two years due to billing and collection inefficiencies, further worsening the liquidity crisis in the Nigerian Electricity Supply Industry (NESI). Already burdened by an estimated N6 trillion sector-wide debt […]

A federal high court has sentenced Anamekwe Nwabuoku to a total of 72 years in prison after finding him guilty of fraud and money laundering involving N868.4 million. Delivering judgment on Monday, Justice James Omotosho ruled that the Economic and Financial Crimes Commission had successfully proven its case against the former public official beyond reasonable […]

The Federal Government has called on Investors, Financial Institutions and Development Partners to collaborate with Nigeria vision of building a resilient food system, climate smart farming and expanding sustainable agricultural production as well as unlocking the nation’s agricultural potential. Speaking during the Nigeria-United Kingdom Investment Forum in London, England, recently, the Minister of Agriculture and […]

Operatives of the National Drug Law Enforcement Agency have intercepted multiple consignments of illicit drugs concealed in carton walls, winter jackets and body cream containers at the Murtala Muhammed International Airport and a courier firm in Lagos. The agency said the operations foiled attempts by drug trafficking syndicates to smuggle the substances to destinations including […]

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