Eleven of the nation’s 27 power plants did not generate any megawatts of electricity on Monday as a result of several factors, including the expiration of insurance cover and gas supply shortage. Other factors responsible for the shutdown of the plants included grid collapse, fire outbreak, maintenance, frequency response and […]

The Independent National Electoral Commission in Lagos State said it had delivered non-sensitive materials for Saturday’s Lagos East Senatorial and Kosofe Constituency II House of Assembly bye-elections to all the five affected councils in the area. INEC spokesman, Femi Akinbiyi, told the News Agency of Nigeria on Tuesday in Lagos […]

The Federal Government said on Monday that it granted import duty waiver worth N341.94bn from August 2017 to August 2019. The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, disclosed this at a one-day sensitization seminar on the Automated Import Duty Exemption Certificate at the Nigeria Customs Training […]

Speaker of the Ondo State Assembly, Mr. Bamidele Oloyeogun, on Monday said he didn’t disobey any court judgement ordering the reinstatement of three suspended lawmakers. Three lawmakers namely: Mr. Iroju Ogundeji, Mr. Adewale Williams and Mrs. Favour Tomomewo, were suspended by their colleagues over alleged gross misconduct. However, the state […]

The Senate and House of Representatives Committees on Appropriations are expected to turn in their report on the 2021 Appropriation Bill on Thursday. It was learnt that some standing committees have, however, yet to submit their reports on the ministries, departments and agencies. The National Assembly would also not be […]

Increased investment in technology and the introduction of new online payment channels have earned Nigerian banks N133.92bn. BUSTANEWS TOYIN gives a breakdown of their earnings The adoption of electronic channels for financial transactions earned 12 Deposit Money Banks about N133.92bn revenue in the first nine months of 2020, findings have revealed. With […]

The All Progressives Congress has announced December 8 as the date for its emergency National Executive Committee meeting. This was announced in a statement titled, ‘APC: Emergency NEC Meeting Holds 8th December,’ signed by the Deputy National Publicity Secretary of the party, Yekini Nabena, on Sunday. The statement read, “An […]