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    ALMOND 94.3 FM Ibadan

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FG issues N590bn bond to settle GenCos’ N4tn debts

The Federal Government has floated a ₦590bn sovereign bond as the first step toward clearing the more than ₦4tn owed to power generation companies, GenCos, in what it describes as a critical move to restore liquidity and confidence in the electricity market. For years, GenCos have warned that mounting unpaid invoices from the Nigerian Bulk Electricity Trading Plc and the Market Operator have undermined their ability to maintain plants, invest in new capacity and meet rising national demand. The newly […]

today09/12/2025 3

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Mbah Seeks Urgent Review of Nigeria’s Manufacturing Finance Frameworks

Governor Peter Mbah of Enugu State has called for an urgent overhaul of Nigeria’s financing structures for the manufacturing sector, warning that current commercial interest rates—estimated between 30 and 37 percent—are unsustainable and detrimental to industrial growth. Mbah, who was represented by Deputy Governor Barr. Ifeanyi Ossai at the 37th Annual General Meeting, Awards and Gala Night of the Manufacturers Association of Nigeria (MAN) Southeast in Enugu, said the prevailing credit environment “suffocates production rather than stimulates it.” He noted […]

today09/12/2025 5

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Dayo Amusa emerges national vice president of Actors Guild of Nigeria

Celebrated Nollywood actress and filmmaker, Dayo Amusa, has been elected the National Vice President of the Actors Guild of Nigeria (AGN) following a successful national election held in Benin City, Edo State. In a statement issued by her media office on Monday, December 8, 2025, Amusa described her emergence as a reflection of her dedication to the development of the Nigerian film industry. “My emergence as the AGN National Vice President is a testament to my unwavering dedication, leadership qualities, […]

today09/12/2025 4

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CBN Confirms Only 82 Licensed Bureau De Change Operators Nationwide

The Central Bank of Nigeria (CBN) has confirmed that only 82 Bureau De Change (BDC) operators currently hold valid licenses to operate in the country. The disclosure was contained in a statement issued on Monday by the Bank’s spokesperson, Hakama Sidi Ali. According to the apex bank, the approvals were granted under its powers in the Bank and Other Financial Institutions Act (BOFIA) 2020 and in compliance with the 2024 Regulatory and Supervisory Guidelines for Bureaux De Change Operations. The […]

today09/12/2025 4

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Burkina Faso Forces Nigerian Military Aircraft to Land Over Airspace Violation

The Government of Burkina Faso has announced that a Nigerian Air Force (NAF) C-130 aircraft carrying 11 military personnel was compelled to land in the country on Monday after allegedly violating Burkinabe airspace. The incident was disclosed through a statement issued by the Confederation of Sahel States (AES) and published by the state-run Agence d’Information du Burkina. According to the translated statement, the aircraft “was forced to land today, December 8, 2025, in Bobo Dioulasso, Burkina Faso, following an in-flight […]

today09/12/2025 3

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Tinubu Meets APC, Opposition Governors in Abuja as Security, Political Tensions Rise

President Bola Ahmed Tinubu on Tuesday held a closed-door meeting with several governors at the State House in Abuja amid rising security concerns and ongoing political realignments across the country. Although the Presidency did not disclose the purpose of the meeting, it lasted nearly two hours inside the President’s office and drew attendance from governors across different geopolitical zones. Governors present included Umar Namadi (Jigawa), Monday Okpebholo (Edo), Biodun Oyebanji (Ekiti), Usman Ododo (Kogi), Aliyu Sokoto (Sokoto), Lucky Aiyedatiwa (Ondo), […]

today09/12/2025 4

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Tinubu govt to build more houses for judges – Wike

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, says President Bola Ahmed Tinubu remains committed to strengthening the nation’s judiciary through improved infrastructure, enhanced welfare and sustained policy support. Wike gave the assurance on Monday in Abuja during a special court session marking the commencement of the 2025/2026 legal year of the Court of Appeal. He explained that the administration has made provisions in the 2025 budget to build additional residential quarters for FCT High Court judges in […]

today08/12/2025 3

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NDPHC completes Geregu overhaul, adds 450MW to grid

The Niger Delta Power Holding Company (NDPHC) has restored 450 megawatts of electricity to the national grid following the completion of scheduled maintenance on the Geregu National Integrated Power Project plant in Kogi State. The four-week extended inspection, carried out by Siemens Energy, was undertaken to improve the plant’s reliability and operational efficiency, while also extending its Equivalent Operating Hours. According to NDPHC, the rehabilitation of the Geregu plant is part of a broader programme aimed at reviving dormant assets […]

today08/12/2025 3

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