Businessman Femi Otedola has sold his ownership interest in Geregu Power Plc in a transaction valued at about $750 million, marking a major divestment in Nigeria’s power sector. Geregu Power Plc announced the development in a filing posted on the Nigerian Exchange (NGX) website. MA’AM Energy takes control According to the filing, MA’AM Energy Limited…
Electricity supply has been restored nationwide after Nigeria’s power grid suffered a system disturbance on Monday, which resulted in a partial collapse, the Nigerian Independent System Operator (NISO) has confirmed. According to the operator, the disruption occurred at 2:01 p.m. on December 29, and it affected electricity supply in several parts of the country. Generation…
Academic and non-academic workers in Nasarawa State tertiary institutions on Monday began an indefinite strike over the non-implementation of the New National Minimum Wage. The Joint Unions of Nasarawa State Tertiary Institutions (JUNSTI) announced the action after a meeting of union leaders held in Lafia, the state capital. Union blames government for strike Speaking to…
The Osun State chapter of the National Union of Local Government Employees (NULGE) has directed its members to resume work on January 5, 2026, ending an 11-month strike across the state. The decision was announced in a statement signed on Monday by the union’s President, Dr Nathaniel Ogungbangbe. Decision follows security consultations According to the…
President Bola Ahmed Tinubu has expressed sympathy with world-renowned boxer Anthony Joshua following a fatal road accident on the Lagos–Ibadan Expressway. The crash claimed two lives and left the boxer injured. Tinubu conveyed his message on Monday via X (formerly Twitter), describing the incident as a tragic loss that has cast a shadow over the…
Minister of the Federal Capital Territory, Nyesom Wike, has said the Peoples Democratic Party (PDP) would collapse if he defects to the All Progressives Congress (APC). He made the remark while responding to questions about his political future during an end-of-year media chat in Port Harcourt on Monday. Wike insisted that despite recent defections by…
Several parts of Nigeria were plunged into darkness on Monday following the collapse of the national power grid, triggering widespread outages across the country. The Nigerian Independent System Operator (NISO) confirmed the development in a statement issued on its official social media platforms on Monday, December 29, 2025. Power supply drops sharply According to NISO,…
Iranian President Masoud Pezeshkian recently made a strong statement. He claimed that Iran is fighting a full-scale war against the United States, Israel, and Europe. This declaration highlights ongoing tensions in the Middle East. The President’s Bold Words Pezeshkian explained himself clearly during the interview. He stated, “In my opinion, we are at war with…
Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, recently addressed concerns about Nigeria’s new tax laws. He stated that his team did not handle the version passed by the House of Representatives. This revelation sparks debates on the bill’s integrity. Oyedeles Firm Clarification Oyedele spoke during a monitored interview. He…
Sheikh Ahmad Gumi, a prominent Islamic cleric, recently criticized Nigerians who support the U.S. airstrikes in Sokoto State. He called them stupid and warned that such backing invites more conflict. Gumi also described former U.S. President Donald Trumps hands as bloodstained due to past wars. Gumis Direct Criticism Gumi shared his views in a video…
