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Suspected Yahoo boy kills friend in Delta over $1,000 transaction

By Ochuko Akuopha ASABA—OPERATIVES of the Delta State Police Command have arrested a 28-year-old suspected internet fraudster (Yahoo boy) for allegedly killing his friend after a disagreement over a $1,000 transaction. Police Public Relations Officer, Mr. Bright Edafe, who confirmed this, said the incident took place at Agbarho community, Ughelli North Local Government Area on […]

FG raises N501bn from bond market to settle GenCos’ debt

•14 GenCos sign deal By Obas Esiedesa, Abuja The Federal Government has raised N501.02 billion from the bond market to begin settling outstanding debts owed to power generation companies (GenCos), as part of efforts to reduce over N6 trillion liabilities in the electricity sector. The funds were mobilised through the issuance of two bond tranches: a […]

Electricity: LCCI, others lament losses as national grid collapses again

By Udeme Akpan &  Obas Esiedesa, Abuja   Nigeria’s national power grid suffered another disruption yesterday, the second in four days, triggering widespread outages that disrupted businesses and renewed concerns over the economic cost of power instability, even as the Nigerian Independent System Operator (NISO) described the incident as a partial system disturbance. The disruption occurred at about […]

Town unions integral to governance, community devt — Enugu govt

Enugu State government has reaffirmed the strategic importance of town unions as critical partners in grassroots governance, describing them as indispensable structures for community administration, peacebuilding, and sustainable local development. The government also charged Town Union Presidents-General across the state to maintain peace in their respective communities and resist any attempt to use their platforms […]

FG warns contractors against delays on Sokoto–Gusau–Zaria Highway

The Minister of State for Works, Mr. Bello Goronyo, has cautioned contractors handling the Sokoto–Gusau–Funtua–Zaria highway project to adhere strictly to agreed timelines and specifications as the Federal Government intensifies monitoring of the strategic road project.

NDIC, EFCC to enhance prosecution of bank failure offences

By Babajide Komolafe The Nigeria Deposit Insurance Corporation (NDIC) and the Economic and Financial Crimes Commission (EFCC) have agreed to strengthen collaboration to enhance the investigation and prosecution of offences that lead to bank failures, while also improving the recovery of assets and debts of failed banks. This formed the focus of a courtesy visit by […]

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