Transcorp Power posts N74.3bn revenue as sector’s finances improve
Transcorp Power Limited, owner of the 972 megawatts capacity power plant in Ugheli, Delta State, has announced revenue growth of N74.3bn in 2021 following the recent improvements in the financial performance of Nigeria’s power sector. In the 2021 annual report and financial statement of Transcorp Group, the Group Chairman, Tony
Nigerian government reopens Idiroko, three other land borders
The Nigerian Government on Friday approved the reopening of four additional land borders shut three years ago as part of efforts to curtail smuggling and boost local production of rice. President Muhammadu Buhari had in August 2019 closed major borders as part of efforts to curtail smuggling and boost
Water pollution: Stakeholders urge Nigerian government, Osun state to stop illegal gold mining
The Nigerian Government and the Osun State Government have been urged to find a lasting solution to the water pollution and hazard illegal gold mining was causing to about two million residents of the state. The call was made at a stakeholders’ forum organised by the United States Consulate
Agents to shut down Lagos ports over 15% levy
The Association of Nigerian Licensed Customs Agents (ANLCA) says they will embark on a one-day warning strike on April 25, over the introduction of 15 per cent National Automotive Council (NAC) levy. Rilwan Amuni, Taskforce Chairman of ANLCA, said this in a circular obtained by the Adaeventsnews on Friday in
Israel closes crossing to Gaza workers after rockets
JERUSALEM — Israel said Saturday that it would close its border crossing to thousands of Gaza workers after a series of rockets were fired from the territory ruled by the militant Hamas group in recent days. The Palestinians denounced the move as “collective punishment” of the impoverished territory’s 2 million
Many flights canceled at Amsterdam’s airport due to strike
THE HAGUE, Netherlands — Dozens of flights were canceled or delayed Saturday at Amsterdam’s Schiphol Airport as a group of KLM baggage handlers went on strike on one of the busiest days of the year at the major aviation hub to protest working conditions and staff shortages. The strike by
A daughter’s shock as a trip to buy bread ends her father’s life in Ukraine
Victor Gubarev stepped out to buy bread when he was killed by a fragment from a shell that landed in front of his apartment block in Kharkiv on Monday, minutes before his daughter arrived to find an ambulance crew standing over his body. Crew members had to hold Yana Bachek
Cooking gas price jumps by 83% in one year –NBS report
THE average retail price for cooking gas increased by 83.62 per cent from N2057.71 in March 2021, according to a new report by the National Bureau of Statistics. The report titled, “Liquefied Petroleum Gas (Cooking Gas) Price Watch (March 2022),” indicated that the average price for refilling a 5kg cylinder
Why CBN can’t float exchange rate –Emefiele
The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said that despite calls and recommendations by the International Monetary Fund, the World Bank and other global financial institutions, Nigeria cannot afford to operate a floated exchange rate system. Emefiele made this known at the IMF/World Bank Spring Meetings
Eight arrested for vandalism and illegal bunkering
Eight members of a syndicate which specializes in pipeline vandalism and illegal bunkering have been arrested by Ondo State Command of the Nigeria Security and Civil Defence Corps. Spokesperson of the command, Mr Daniel Aidamenbor said the suspects were arrested in Olowo community in Odigbo Local Government Area