The district court sentenced two perpetrators to various prison terms for damaging property belonging to Eko Power Distribution.
This is stated in a statement signed by the Director of Corporate Communications of EKEDC.
Abdullahi Yinusa and Abdullahi Musa were arrested and reportedly caught on charges of damaging cables and transformers, respectively, before going to trial.
In his statement…
Hurray, the first commercial flight has landed at Ogun State Cargo Airport.
February 24, 2023
History has been made with the official landing of the maiden test flights into the Ogun State Gateway International Agro-Cargo Airport at Iperu-Ilishan Road, Ikene local government in Ogun State.
The first private aircraft landed at 2.15 pm to the excitement of the Ogun…
The Minister directs the disbursement of the Cabotage Fund to financial institutions.
February 24, 2023
The Minister of Transportation, Mu’azu Sambo has urged Primary Lending Institutions and other stakeholders to fast-track efforts towards quick disbursement of the Cabotage Vessel Financing Fund.
This was contained in a statement by the Director, Press and Public…
Distribution companies have increased the amount of electricity they supply and distribute to consumers across the country as the latest federal government data shows a decline in the amount of electricity wasted in nightclubs.
Data released by the Federal State Grid Authority of Nigeria on Thursday for a summary of daily nightclub load from February 4 to 10, 2023 showed a cumulative distribution…
Air Peace on Thursday announced that flight operations will be suspended on February 25 as a result of the general elections.
However flight operations will resume February 26, the local airline assured.
The airline disclosed this in a statement via its official…
Led by the services sector, Nigeria’s output expanded by 3.1 per cent last year, which aligns with the expectations of the market.
On its face value, the growth figure, which is about 0.5 percentage point higher than the population growth, suggests economic development is…
Nigeria missing as S’Africa, Kenya, others lead SSA most innovative economies.
February 23, 2023
Mauritius, South Africa, Botswana, Kenya and Morocco, have ranked far above Nigeria in Africa as countries with the most innovative economies.
This is according to the World Intellectual Property Organisation’s (WIPO’s) Global Innovation Index (GII) 2022, which was released on Monday.
The GII2022 report tracks the current state of global innovation and identifies areas where innovation is…
Wynk Limited, a tech startup firm, has unveiled its lifestyle App, “The Wynk Lifestyle Super App” with the aim of making life easier through providing solutions to diverse economic needs.
The firm, in a statement, said the app is a cost-effective solution to everyday…
Six out of 10 Africa’s Ultra-High-Net-Worth Individuals grew their wealth in 2022, despite the economic challenges recorded in the year, Knight Frank’s latest wealth research has said.
In a statement, it said the drivers of the performance were real estate, currency…
Andersen, an independent tax and business advisory firm has said that the parallel rate of the naira may fall to N900 in 2023 from demand pressure if mitigating measures are not taken.
The firm that has a worldwide presence through the member firms and collaborating firms of Andersen Global disclosed this in its report titled ‘Nigeria’s 2023 economic outlook’, which was presented by its…