The Association of Bureaux De Change Operators of Nigeria (ABCON), has said that naira has in over 18 months remained stable at both the official and parallel markets despite several odds facing it ahead of the 2019 general elections. President of ABCON, Alhaji (Dr.) Aminu Gwadabe disclosed this yesterday in a chat with financial journalists […]
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Grazing cattle destroy Unilorin’s multi-million naira research farms - Vanguard News NigeriaIlorin—Vice-Chancellor of University of Ilorin, Prof. Sulyman Abdulkareem, has decried the destruction of the university’s multi-million naira research and training farms by cattle illegally grazing on the campus and poisoning the dam with chemicals.
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A few weeks after she was confirmed as Managing Director of NBET, the organisation that manages the electricity pool in the country’s electricity supply industry, Mrs Amobi started overpaying two power generating companies — Omotosho Electric Genco and Olorunsogo Electric Company — in flagrant violation of the details of a Power Purchase Agreement (PPA) the companies signed with the government in February and August 2016, respectively. However, despite the fact that Omotosho did not provide evidence of gas supply aggregation and transportation, the company continued to tender request for full payment of 20 months. According to the document in possession of Leaks NG, the over-invoicing was detected in October 2017, following an NBET internal audit.
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