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Minister attributes grid collapses to vandalism, lack of maintenance

The Minister of Power, Mr Adebayo Adelabu, has attributed frequent grid collapses to vandalism and lack of maintenance in the past. Adelabu, receiving the report of the committee set up to address grid collapses in Abuja on Wednesday, stressed that most 2024 incidents resulted from vandalism and theft of power equipment. He said lack of […]

Naira depreciates by 0.6% against dollar 

The Naira depreciated on Wednesday at the official market, trading at N1,681.65 to the dollar. Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost N10.33. This represents a 0.61 per cent loss when compared to the previous trading date on Tuesday when it […]

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