Nine of the nation’s 26 power plants did not generate any megawatts of electricity on Wednesday, coupled with significant reduction in the generation from two of the hydropower plants and several others. The Shiroro Power Station in Niger State and Jebba Power Station in Kwara State saw their output fall to 300MW and 381MW,

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The Lagos State Pension Commission (LASPEC) has paid another N941 million to 228 retirees of the state government. The payment was made to those who retired from the Mainstream Civil Service, Local Governments, and State Universal Basic Education Board (SUBEB), Teachers Establishment and Pensions Office (TEPO) and other parastatals of

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The Federal Government yesterday banned the importation of vehicles into Nigeria through land boarders. The directive takes effect from January 1, next year. The Nigeria Customs Service (NCS), in a statement, said the prohibition is applicable to all new and used vehicles. According to the statement, the ban is predicated on the Presidential

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The Council of the Nigerian Stock Exchange (NSE) has kicked out three stockbrokers and an accountant for fraudulent sale of client’s shares. They are Mr. Taju Folaji, Mr. Ichie Mike Ejezie and Mr. Segun Adebayo Adams. The accountant is Mr. Olorunfemi Ayorinde. He could be reported to the Institute of Chartered Accountants of Nigeria (ICAN) for

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The House of Representatives has advised the Federal Government to suspend the issuance of 30 per cent Export Expansion Grant (EEG) to exporters. The government was to resume the grant that was suspended by former President Goodluck Jonathan due to abuses it was subjected to at the time. Abuse had earlier led former President Olusegun

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Vice President Yemi Osinbajo yesterday in Kano said the Federal Government will roll out a new policy that will protect and encourage local farmers and manufacturers so that their products can reach the processing stage that will enable them to be ready for exportation so as to generate more foreign exchange for the country. Osinbajo who spoke

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The Nigeria Labour Congress (NLC) has called for sanction on those who failed to remit pension or unauthorised withholding of pension funds. Its President, Comrade Ayuba Wabba, said non-remittance of deductions or contributions by some employers, including federal and states government, constitute a threat to the pension scheme, subjecting

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