April 2025 – Page 137

FY’24: Naira Devaluation Wipes N1.8trn Off 7 Corporate Giants’ Earnings

11.04.2025

In a year marked by monetary turmoil and macroeconomic recalibration, seven of Nigeria’s largest corporations bore the brunt of a historic currency collapse—incurring a staggering N1.794 trillion in foreign exchange losses. This extraordinary erosion of corporate value follows the naira’s unprecedented depreciation, a direct consequence of the Tinubu administration’s foreign exchange unification policy introduced in...

Enugu Electricity Commission Issues Fresh 5MW Power License

11.04.2025

In yet another milestone in its regulatory efforts to boost electricity supply in the state, the Enugu State Electricity Regulatory Commission, EERC, has issued a 5MW power generation license to Tempo Power Solutions Ltd to set up a gas-fired plant. This brings to a total of 15MW, the worth of power generation licenses issued by...

Lagos Inaugurates Emergency Flood Measures As FG Warns Of High Risk

11.04.2025

The Lagos State Government has launched emergency measures aimed at safeguarding vulnerable communities following the warning of imminent floods. This follows the Federal Government’s classification of Lagos among states at high risk of experiencing significant flood events this year. Following reports of flooding across several parts of Lagos Island— including Aroloya Street, Ojo-Giwa, Binuyo, and...

My Wife’s Wisdom Instrumental In My Political Career –Idris

11.04.2025

The occasion was the celebration of the 3rd year anniversary and launching of the Support Fund for Nasara Women Development Foundation, founded by Hajiya Nasare Zainab Nasir Idris, wife of Kebbi State, Governor Nasir Idris. The anniversary celebration, marking four years since its establishment, took place at the Convocation Square of Waziri Umaru Federal Polytechnic...

Reps: Concerns Over Constitutional Amendment Bills

11.04.2025

Before proceeding on the Sallah and Easter break, the House of Representatives passed through second reading about 150 bills. However, three of the bills drew flaks from a cross section of Nigerians. PHILIP NYAM examines the bills in question The House of Representatives is currently reviewing the 1999 Constitution with a view to enacting new...

UNILORIN VC Hails Ali On Turbanning As First Kuliya Of Ilorin

11.04.2025

The Vice Chancellor of the University of Ilorin, Wahab Olasupo Egbewole, has congratulated renowned Ilorin-based legal practitioner, Yusuf Olaolu Ali, on his turbanning as the first Kuliya Ngeri of Ilorin. The historic ceremony took place on Friday, April 11, 2025, and was performed by the Emir of Ilorin and Chairman of the Kwara State Council...

Cookey-Gam: Rivers Administrator Shouldn’t Tamper With Institutions Recognized By Constitution

11.04.2025

Dame Aleruchi CookeyGam is a former Attorney General and Commissioner of Justice and exSecretary to the Rivers State Government. In this interview, she speaks on recent developments in the state and the concerns of indigenes over possible looting of the treasury of the state, among other issues. ANAYO EZUGWU writes The Rivers State sole administrator...

Ndhlovu: Philanthropist Making Purposeful Impact

11.04.2025

In an era where the headlines are frequently dominated by stories of excess and corporate self-interest, South African billionaire Xolane Ndhlovu is quietly scripting a different kind of narrative — one defined by empathy, generosity, and purposeful impact. As chairman of DAFRIGROUP LIMITED, Ndhlovu is widely recognized for his strategic brilliance in business. But beyond...

Chocolate City Featured In New Report On African Creative Companies

11.04.2025

A new report titled “Success Stories in the Creative Industries in Africa and Other Emerging Markets” highlights Nigeria’s Chocolate City Group as one of the success cases in Africa’s growing creative industries. The report, prepared by PwC Nigeria, Restless Global, and TFCC for Proparco and the European Union’s CreatiFI program, examines 12 successful African creative...

Bode George Advises Ibas Not To Flout Court Order

11.04.2025

Former Deputy National Chairman of the Peoples Democratic Party (PDP), Olabode George, has advised the Administrator of Rivers State, Vice Admiral Ibok-Ete Ibas (rtd), to immediately halt his recent appointments and reconstitution of boards of agencies, commissions, and parastatals. George cautioned that Ibas should refrain from taking any unconstitutional action he might later regret when...