Olufemi Ashipa: Nigeria loses N24bn monthly to electricity-generator market

Nigeria’s electricity sector loses N24 billion monthly to the electricity-generator market despite the 60 million generating sets used in the nation’s urban environment, according to Olufemi Ashipa, Vice President, Marketing, Lumos Nigeria. He spoke at the Solar Future Nigeria 2018 conference held in Abuja, weekend, where he also said 61% of Micro SMEs in Nigeria spend between N500 to N1000 per day on fuel and as many as 85% of micro and small businesses rely on generators for the supply of electricity. “As a result, it is critical to note…

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Courageous civilians foil suicide attack in Yobe mosque

The Nigerian Army said some courageous civilians on Sunday foiled a suicide bomb attack by a suspected female Boko Haram member on a mosque in Gashua, Gujba Local Government Area of Yobe. Col. Onyema Nwachukwu, the Deputy Director Public Relations, Theatre Command Operation Lafiya Dole, disclosed this in a statement released in Maiduguri. “What would have otherwise been a devastating suicide bomb attack on a mosque in Gashua village in Gujba Local Government Area of Yobe state has been successfully foiled today by vigilant members of the community. “A female…

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The real price of ‘changing the change’

Top opposition Peoples Democratic Party (PDP) members have been granting press interviews and addressing zonal political rallies talking about “CHANGING THE CHANGE” in next year’s general elections, without defining what exactly that means. As the governing All Progressives Congress (APC) gears up to celebrate the completion of three years of the Buhari government in the centre on May 29th, Nigerians need to be reminded of what the reversal of the achievements of this administration will amount to. The real meaning and cost of the “Changing the Change,” is that if…

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13 die after drinking toxic alcohol

Police on Monday said 13 people died after consuming toxic alcohol in India’s northern Uttar Pradesh state. Senior Superintendent of Police Akhilesh Kumar said five people died on Saturday and eight on Sunday after consuming the locally-brewed alcohol in Kanpur district. Kumar said 10 others are being treated at various hospitals and the death toll could rise. So far 11 people suspected of being involved in the manufacture and sale of the alcohol have been arrested. Sale of the spirit with brand name Madhuri-442 has been banned. “We are carrying…

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Ikeja Hotels returns to Lagos bourse

The Nigerian Stock Exchange (NSE) has given the management of Ikeja Hotels the approval to resume trading after reviewing the two-year suspension placed on the shares of the company on Nov. 10, 2016. According to a ‘facts behind the restructuring’ document released by Ms Tinuade Awe, NSE Executive Director Regulation, trading would commence on the shares of the company on May 21. The News Agency of Nigeria (NAN) reports that the exchange, on Nov. 10, 2016, suspended trading on the shares of Ikeja Hotels due to a dispute among the…

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Saraki, Lai Mohammed divide Kwara APC with parallel state congress

Senate President Dr Bukola Saraki and Minister of Information and Culture, Alhaji Lai Mohammed are in serious battle for the soul of All Progressives Congress (APC) in Kwara, with both participating in parallel state congress in Ilorin on Saturday, to elect state executives. The News Agency of Nigeria (NAN) reports that while the faction loyal to Saraki held its congress at the Banquet Hall opposite the Government House, the faction loyal to Lai Mohammed,  held theirs at the Arca Santa Event Hall. Gov.  Abdulfatah Ahmed, APC National Publicity Secretary, Bolaji…

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Buhari congratulates Falana at 60

President Muhammadu Buhari on Saturday congratulated   Mr Femi Falana, SAN, an erudite lawyer and human rights activist,on his 60th birthday. The President  in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina  joined family members, friends and professional colleagues of the cerebral lawyer in celebrating the milestone. The president noted with delight that Falana’s career as a  lawyer had been marked with honours and awards for forthrightness and advocacy for the good of every Nigerian. He therefore commended his sense of patriotism over the years, and…

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FA Cup: 3 lessons learnt from Chelsea’s victory

Chelsea beat Manchester United 1-0 in the FA Cup final on Saturday as Eden Hazard scored the winner with a first-half penalty.Here are three lessons from the Wembley showpiece: Conte out-wits Mourinho In what could prove to be his final match as Chelsea manager, Antonio Conte enjoyed a sweet moment of vindication as he won his battle with old rival Jose Mourinho. Conte had spent much of the season locked in a vitriolic feud with United boss Mourinho and although both claimed to have buried the hatchet this week, there…

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Melania Trump out of hospital

US President Donald Trump’s wife, Melania Trump, returned to the White House on Saturday after undergoing a surgical procedure this week to treat a benign kidney condition, her office said. The first lady, 48, had been recovering at Walter Reed medical center since Monday, when she underwent an embolization procedure to treat the kidney condition. Spokeswoman Stephanie Grisham said in a statement that Melania Trump returned to the White House on Saturday morning. “She is resting comfortably and remains in high spirits,” Grisham said. “Our office has received thousands of…

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Edegware Foundation declares  total support for Okowa’s reelection in 2019

…no rivalry to Okowa’s electoral  victory By Grandball Joel Grand patron of Mike Edegware Foundation, MEF, Chief Mike Edegware and the entire foundation members have declared their unalloyed support to the reelection bid of the Delta State, governor Sen. Dr. Ifeanyi Okowa in the 2019 general election. Edegware, secretary to the Delta State Board of Internal Revenue, DBIR  in a chat with newsmen upheld that the victory of Dr. Ifeanyi Okowa in 2019 is non-negotiable. According to him, the tremendous achievements of the smart governor in infrastructural and Human Capital…

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