Tomi Lala

Millions arrive in Saudi for hajj amid heat

Enormous crowds of worshippers thronged Mecca, Islam’s holiest city, on Friday for the biggest hajj pilgrimage in years, with more than two million expected to brave the scorching Saudi Arabian heat. Pilgrims in white robes and sandals packed the ancient city, now dotted with luxury hotels and air-conditioned shopping malls, after flooding in on planes,…

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Fashedemi Assures More Improvement in Power Sector as S.A to the President on Energy visits Ministry of Power

Recently, the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu signed into law the 2023 Electricity Act and there after appointed Special Advisers on different portfolios.In the bid to strengthen service delivery in the Power sector, the Special Adviser to the President on Energy, paid a courtesy visit to the Ministry. Speaking at…

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DMO Cautions FG Against Borrowing More

The Debt Management Office (DMO) has issued a warning to the Federal Government (FG) against additional borrowing, citing that 73.5% of this year’s revenue will be used to service debt. According to the DMO, this high Debt Service-to-Revenue ratio is unsustainable and poses a threat to debt sustainability. The DMO recommended that the FG focus…

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Shelve This Electricity Tariff Hike, NLC Tells FG

The Nigeria Labour Congress (NLC) has asked the government to shelve plans aimed at increasing electricity tariffs in the country. In a statement by its president, Comrade Joe Ajaero, the NLC said the plan to increase electricity tariff by 40 come July 1st, is both insensitive and callous and reflects an organised indifference to the…

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