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Day: December 15, 2017

2018: Senate queries N10bn solar streetlight project in varsities

The Senate Committee on Power, Steel Development and Metallurgy on Thursday criticised a solar-powered streetlight project in nine universities across the country valued at N10bn. The committee also turned back the Minister of Power, Works and Housing, Mr. Babatunde Fashola, from the budget defence session held for his ministry over his alleged “unpreparedness to face […]

FG to sell first African sovereign green bond

Nigeria is set to become the first country on the continent to issue a security that raises funds for environmental projects when it launches its green bond on December 18. The government plans to sell N10.7bn ($30m) and the offer is billed to close on December 20, Bloomberg quoted Lanre Buluro, the director of sales […]

Fuel scarcity across Nigeria to end in 48 hours, Kachikwu tells NEC

The Minister of State for Petroleum, Ibe Kachikwu, has assured governors of Nigerias 36 states that the ongoing fuel scarcity will end in 48 hours. Mr. Kachikwu gave the assurance on Thursday while briefing members of the National Economic Council, NEC, comprising the governors and some ministers. The NEC is chaired by the Vice President, […]

Nigeria transmits 5,156MW electricity, highest ever – Official

The Transmission Company of Nigeria, TCN, on Thursday disclosed that it recorded new national peak electricity transmission capacity of 5,155.9 Mega Watt, MW, on December 8. The Interim Managing Director of TCN, Usman Gur-Mohammed, made the disclosure at an interaction with journalists in Abuja. Mr. Gur-Mohammed said the new record exceeded previous national peak record […]