NDIC: Farewell To Iconic MD By Salisu Na'inna Dambatta       The Managing Director of the Nigeria Deposit Insurance Corporation (NDIC), Alhaji Umaru Ibrahim, an alumni of the Nigeria Institute for Policy and Strategic Studies, has retired from the Corporation on December 7th, 2020, after serving for 31...

Buhari Reappoints AMCON’s Boss, Appoints New MD, ED For NDIC         President Muhammadu Buhari, has appointed Mr Bello Hassan as the new managing director of Nigeria Deposit Insurance Corporation. He also appointed Mr Mustapha Ibrahim as executive director of the corporation. The President reappointed Mr Ahmed Kuru as...

Power: FG Pledges To Bridge Electricity Gap With Renewable Energy         The Federal Government, yesterday, lit up communities and healthcare centres in Kogi as part of an ongoing effort to leverage renewable energy and off-grid solutions to bridge the electricity gap. Over 70 per cent of Nigerians...

Fed Govt Can No Longer Bear Electricity Tariff Shortfalls – Buhari         President Muhammadu Buhari, has said the tariff shortfalls in the power sector being borne by the Federal Government are no longer sustainable. Buhari said this on Thursday at the inauguration of Eko Electricity Distribution Company’s...

Naira Plunges To 475 As Dollar Demand Rises         The naira weakened further on Monday, trading at 475 to the United States dollar in the parallel market amid a rise in demand for the greenback. The local currency, which has come under pressure in recent days, fell...

Power Operators Lose N1.25bn As Generation Sheds 62.96MW       The Advisory Power Team, Office of the Vice President, in their latest report on the power sector, has said that operators in the power sector lost N1.25bn, while power generation dropped by 62.96 megawatts in one day. According...