By Ayomide Otitoju The Federal Government has proposed ₦1.096 trillion for capital electricity projects in the 2026 appropriation bill, aiming to tackle long-standing challenges in Nigeria’s power sector, including inadequate generation, transmission bottlenecks, and distribution inefficiencies. According to a breakdown of the 2026 Appropriation Bill seen by Channels Television, the Rural Electrification Agency (REA) received…
By Ayomide Otitoju The Nigeria Deposit Insurance Corporation (NDIC) has announced a second liquidation dividend of ₦24.3 billion for depositors of the defunct Heritage Bank Limited, targeting those with account balances above the ₦5 million statutory insured limit. According to the NDIC, uninsured depositors will receive 5.2 kobo for every ₦1 of their outstanding balances,…
By Ayomide Otitoju Eterna Plc has officially opened its ₦21.52 billion Rights Issue, a key milestone in its capital-raising strategy aimed at strengthening the company’s balance sheet and supporting business expansion. The offer comprises 978,108,485 ordinary shares of 50 kobo each, priced at ₦22.00 per share, and is expected to raise approximately ₦21.52 billion. Existing…
By Ayomide Otitoju The National Association of Resident Doctors (NARD) has suspended its planned nationwide strike following “significant progress” on its demands through sustained engagements with the Federal Government and other stakeholders. The decision was announced after a virtual Emergency National Executive Council (E-NEC) meeting on January 11, 2026, where the association reviewed developments on…
By Ayomide Otitoju The conflict in Sudan has reached its 1,000th day, leaving more than 20 million people in need of health assistance and 21 million facing acute food insecurity, according to the World Health Organization (WHO). Nearly three years of sustained violence, restricted access, and dwindling funding have turned Sudan into the world’s most…
By Ayomide Otitoju The Meltwater Entrepreneurial School of Technology (MEST Africa) has released its MEST Africa AgriTech Report, detailing the technologies, startups, and trends reshaping agriculture across West Africa. Produced as part of the 2024 edition of the MEST Africa Challenge (MAC) in partnership with the Norwegian Embassy in Accra, the report highlights how local…
US President Donald Trump on Sunday escalated pressure on Cuba, urging the island nation to “make a deal” quickly and warning that Washington would cut off all oil and financial support following the toppling of Havana’s key ally, Venezuelan leader Nicolas Maduro. In a post on his Truth Social platform, Trump declared, “THERE WILL BE…
By Ayomide Otitoju Doctors in Edo State have suspended medical services across several local government areas as they continue their strike over the abduction of a colleague, Dr. Ibrahim Babatunde. Despite assurances from security agencies that efforts to secure his release are ongoing, the striking doctors said they could no longer work under constant fear…
By Ayomide Otitoju The Lagos State Government has ordered a full investigation into alleged medical negligence surrounding the death of Nkanu Nnamdi, the 21-month-old son of renowned Nigerian author Chimamanda Ngozi Adichie, at a private hospital in Lagos. The toddler, one of Adichie’s twin sons, died last Thursday after a brief illness. In a statement,…
