Govs setting trap Inflation trending up AMIDST INFLATION trending up across the world, Nigeria is getting hit from all fronts as all sectors tilt towards collapse. The Telescope Nigeria’s team of Olanrewaju Akinfenwa and Tubosun Adio take a cursory look at the economy and chatted with experts who put theContinue Reading

VICE PRESIDENT, Prof. Yemi Osinbajo, has enjoined the newly constituted board of the Nigeria Electricity Liability Management Company to enhance ongoing efforts to resolve the liabilities relating to tariff shortfalls for power distribution companies nationwide. According to a statement signed by his Senior Special Assistant on Media and Publicity, LaoluContinue Reading

SOME RESIDENTS of Osun State have cried out that the Ibadan Electricity Distribution Company, IBEDC, is extorting money from them for services not rendered. In Ikirun, Dauda, a welder claimed that he has no metre and he has been paying N7,000 every month even when electricity is not constant; becauseContinue Reading

SEPLAT ENERGY Plc has appointed Mr. Basil Omiyi as the company’s new independent non-executive chairman, effective immediately. Omiyi’s appointment followed a thorough assessment of internal and external candidates and was approved after a unanimous vote by all directors of Seplat Energy, in compliance with the Companies and Allied Matters ActContinue Reading

THE CENTRAL Bank of Nigeria (CBN) yesterday debunked reports that it planned to replace the conventional Naira notes in circulation with digital currency, otherwise known as the eNaira, in due course. CBN’s Director of Corporate Communications Department, Mr. Osita Nwanisobi, said the misleading statement purportedly made at a stakeholders’ engagementContinue Reading