Friday, May 3

3May By Afolake IbidunNo Comments
Business

Ijeoma Malo: Off-grid Solar Energy a Viable Option Amid Electricity Tariff Increase in Nigeria

In a recent media roundtable in Abuja, Ijeoma Malo, the Chief Executive Officer of Clean Energy Tech Hub, emphasized the potential of off-grid energy solutions, particularly solar power, as a feasible alternative for Nigerians facing the recent surge in electricity tariffs. The Nigerian Electricity Regulatory Commission endorsed a significant 240% increase in electricity tariffs for band A customers on April 3, 2024, who receive a minimum of 20 hours of power supply. Addressing the ongoing developments in the country's energy sector, Malo highlighted the emerging balance brought about by the recent tariff increment. She mentioned that the Clean Energy Tech Hub has collaborated with the Federal Government of Nigeria and Subnationals to formulate Renewable Energy Policy documents. R...
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Foreign Exchange Market Update: Naira Falls Against Dollar
3May By Afolake IbidunNo Comments
Business

Foreign Exchange Market Update: Naira Falls Against Dollar

Recent data indicates a decline in the value of the Naira relative to the US Dollar in the foreign exchange market. According to FMDQ figures, the Naira slipped to N1402.67 per Dollar on Thursday, down from N1,390.96 reported on Tuesday. This reflects a loss of N11.71 compared to the Tuesday rate of N1,390.96. Conversely, the Naira saw some gains at the parallel market, climbing to N1340 per Dollar on Thursday from N1360 per Dollar on Tuesday. Reports from NewsNow quote Aminu Gwadabe, the National President of the Association of Bureaux De Change of Nigeria, who expressed confidence that the organization's efforts to streamline retail foreign exchange operations will contribute to the stabilization of the Naira in the forex market.
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William Gallas suggests Chelsea should consider signing Manchester United duo
3May By Ofomata EdidiongNo Comments
Sports

William Gallas suggests Chelsea should consider signing Manchester United duo

Encouraging Chelsea to bolster their squad, former Chelsea defender William Gallas recommended the acquisition of Marcus Rashford and Bruno Fernandes from Manchester United in the upcoming transfer window. Gallas emphasized the qualities possessed by Rashford and Fernandes, asserting that they could significantly enhance Mauricio Pochettino's team. Expressing his viewpoint, Gallas stated that both Marcus Rashford and Bruno Fernandes would be valuable additions to Chelsea due to their exceptional abilities. Regarding Fernandes, Gallas highlighted his suitability for the playmaker role, an area where Chelsea could benefit from more strength. Observing Chelsea's youthful squad, Gallas lauded Fernandes for his leadership skills, suggesting that his presence could aid the team during chall...
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Postecoglou: Analyzing Tottenham’s 2-0 Loss to Chelsea in the EPL
3May By Ofomata EdidiongNo Comments
Sports

Postecoglou: Analyzing Tottenham’s 2-0 Loss to Chelsea in the EPL

In the aftermath of Tottenham Hotspur's 2-0 defeat to Chelsea, manager Ange Postecoglou attributed the loss to his team's lack of the right mindset. Goals from Nathaniel Chalobah and Nicolas Jackson secured the victory for Chelsea, who completed a double over their London rivals in the Premier League this season. The defeat dealt a blow to Spurs' aspirations of securing a top-four finish and qualifying for the next season's Champions League. Reflecting on the performance, Postecoglou remarked, "It wasn't a great night. We didn't approach the game with the mindset I expect from my team, and that responsibility falls on me as I am the one preparing them for it." He further added, "We were quite far from our best, so I need to self-evaluate how I am readying the team for matches."
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Officer involved in shooting at Lagos fuel station identified by police
3May By Ofomata EdidiongNo Comments
Metro

Officer involved in shooting at Lagos fuel station identified by police

The Lagos State Police Command has confirmed the identification of the officer responsible for the fatal shooting of Toheeb Eniafe at a petrol station amidst queue chaos. Reports indicate that Eniafe confronted security personnel at the Nigerian National Petroleum Company Limited (NNPCL) station in Ikoyi for trying to skip the queue. Eniafe and other customers waiting in line at the station refused to allow the security personnel to jump ahead, leading to a confrontation that resulted in Eniafe being shot by one of the officers who then fled the scene. Witnesses reported that the officers were wearing customized shirts of the Department of State Services (DSS), though the DSS has denied any involvement in the incident. The State Police Public Relations Officer, SP Benjamin Hundeyin, re...
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Chelsea’s Win Over Spurs Highlights Football is More Than Big Names, Says Pochettino
3May By Ofomata EdidiongNo Comments
Sports

Chelsea’s Win Over Spurs Highlights Football is More Than Big Names, Says Pochettino

Following Chelsea's 2-0 victory over Tottenham Hotspur in the Premier League, coach Mauricio Pochettino emphasized the importance of team dynamics over individual star power. The match saw Nathaniel Chalobah and Nicolas Jackson scoring for the Blues, leading them to secure three crucial points. Despite missing key players, Pochettino's team put on a dominant performance at Stamford Bridge, showcasing their unity and competitive spirit. Pochettino highlighted, "Today's team selection was straightforward for us. We proved that football goes beyond mere reputations. It's about teamwork, dedication, and unity." He added, "Even with renowned players, without a collective effort like today - defensively solid and proactive in attack - success is elusive in the fiercely competitive ...
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Government to Provide Low-Interest Credit Facilities for Persons with Disabilities – NCPWD
3May By Mariam AbdullahiNo Comments
Headlines

Government to Provide Low-Interest Credit Facilities for Persons with Disabilities – NCPWD

James Lalu, the Executive Secretary of the National Commission for Persons With Disabilities, has announced a collaboration with the Bank of Industry to offer low-interest credit facilities to individuals living with disabilities. Speaking on Thursday at the launch of the Strengthening Access to Business Education and Inclusion-Woman project in Lagos, Lalu emphasized the significance of this initiative in enhancing the financial opportunities for people with disabilities. He mentioned ongoing discussions with the Bank of Industry to provide loans at favorable interest rates, aiming to eliminate the funding obstacles often faced by individuals with disabilities. Lalu expressed optimism about ...
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Vice President Shettima Credits FG for Preventing Economic Collapse
3May By Mariam AbdullahiNo Comments
Headlines

Vice President Shettima Credits FG for Preventing Economic Collapse

In a recent address, Vice President Kashim Shettima commended President Bola Tinubu's economic policies over the past year, stating that they played a crucial role in saving Nigeria from economic collapse. Shettima emphasized the necessity of these reforms due to the poor economic condition of the country when Tinubu assumed office on May 29, 2023. During his appearance at the Second Chronicle Roundtable in Abuja, Shettima highlighted the tough but essential decisions taken by the administration, particularly regarding petrol subsidies and foreign exchange market interventions. He reassured the public that the current government does not place blame on the previous administration for the economic challenges it inherited. Shettima urged patience from Nigerians, expre...
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Vice President Shettima Credits FG’s Policies for Preventing Economic Collapse
3May By Mariam AbdullahiNo Comments
Headlines

Vice President Shettima Credits FG’s Policies for Preventing Economic Collapse

Speaking at the Second Chronicle Roundtable in Abuja, Vice President Kashim Shettima praised President Bola Tinubu's economic reforms over the past year, stating that they were crucial in saving the nation from economic disaster. Highlighting the dire state of Nigeria's economy when Tinubu assumed office on May 29, 2023, Shettima emphasized the necessity of the tough decisions taken by the administration, such as addressing the petrol subsidy regime and intervening in the foreign exchange market to ensure a path to recovery. Shettima assured Nigerians of the government's commitment to navigating through economic challenges and expressed optimism that the measures implemented would lead to significant improvements in various economic indicators. He emphasi...
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Legal battle over N100bn claim against Army unfolds in Court
3May By Mariam AbdullahiNo Comments
Headlines

Legal battle over N100bn claim against Army unfolds in Court

A N100bn lawsuit brought by residents of Okuama community against the Nigerian Army for the devastation caused by a military incursion has commenced at the Federal High Court in Warri, Delta State. The military intervention in Okuama followed the killing of 17 soldiers during a peace mission after a clash between Okuama and Okoloba communities in Bomadi LGA on March 14, 2024. The case, identified as FHC/WR/CS/41/2024, is championed by 17 community members representing themselves and Okuama at large. The plaintiffs include Victor Akemor, Madam Omotiwori Olarehor, Victor Odi, Okrika Emmanuel, Austin Eferemua, Evelyn Edjekola, Pa James Ubredu, David Oghenewede, Lucky Orode, Iwriogbo Best, Felix Orhiunu, Bernard Michael, Oghene Kobiruo, Vero joseph, Ebikawe Emmanuel, Francis Uphurie, a...
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