Rural Electrification Agency
1 Feb
President Bola Tinubu has appointed Abba Abubakar Aliyu as the substantive Managing Director of the Rural Electrification Agency (REA).
17 Dec
InfraCredit, a 'AAA’-rated specialised infrastructure credit guarantee institution, has announced credit enhancement of Prado Power Limited's Guaranteed Fixed-Rate Senior Green Infrastructure Forward Ijarah Lease Sukuk under a co-financing arrangement with the £10 million Climate Finance Blending Facility. The scheme was funded by the United Kingdom Foreign, Commonwealth and Development Office (FCDO), the fourth transaction under…
17 Oct
Rural Electrification Agency (REA) has revealed that it has secured $750 million funding that would provide electricity for 17.5 million Nigerians.
7 Jun 2024
A Federal High Court sitting in Abuja has issued a bench warrant for three staff of the Account and Finance Department of the Rural Electrification Agency (REA) after they failed to appear in court for a multi-million-naira fraud case brought by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The ICPC had charged…
Latest
1 day ago
The Ekiti High Court sitting in Ado-Ekiti, on Monday, sentenced one Prophet Adeleye Akingbaso, 47, to life imprisonment for raping a 13-year-old girl. Akingbaso was first arraigned in September, 2022 before Justice Blessing Ajileye on a two-count charge of rape and coercion. Delivering her judgment, Justice Ajileye said, “in conclusion, this court has found the…
1 day ago
The Kano State Government says it has awarded over N40 billion contracts for the construction of 15 roads in different parts of the state. The Commissioner for Works, Marwan Ahmed, said this at a news briefing, shortly after signing the contracts with different companies in Kano on Monday. Ahmed said that the contracts demonstrated Gov.…
1 day ago
The governments of the United Kingdom and Nigeria have reaffirmed their commitment to strengthening trade relations and economic growth through the implementation of Nigeria’s National Quality Policy (NNQP). In a statement on Monday, the British Mission said this initiative falls under Phase II of the Standards Partnership Programme (SPP). The mission stated that the programme…
1 day ago
Rev. John Hayab, a clergyman, has called on well-meaning elders to intervene in the feud between the President of the Senate, Godswill Akpabio and Sen. Natasha Akpoti-Uduaghan of Kogi Central. Hayab, who is the Chairman of the Christian Association of Nigeria (CAN) in the 19 northern states and the Federal Capital Territory (FCT), made the…
1 day ago
A group, the Concerned Nigerians, has raised concerns about an alleged plot to frustrate the supply of crude oil to domestic refineries, including the Dangote Refinery in Nigeria. The group called on President Bola Tinubu and the Department of State Services (DSS) to ensure that no one undermines the achievements recorded in the oil sector.…
1 day ago
Following the Supreme Court judgment that nullified the local government council elections of October 5, council chairmen in Rivers State have formally handed over to the Heads of Local Government Administration (HLGAs). The handover ceremony was held on Monday at various secretariats in line with Governor Siminalayi Fubara's directive, issued during his Sunday broadcast. Ezebunwo,…
1 day ago
Gov. Siminalayi Fubara of Rivers has vowed that governance will prevail despite the opposition in the state. Fubara made the remark while inaugurating the Government House Staff Quarters newly built by his administration in Port Harcourt on Monday. According to him, the course of governance is irreversible despite the unceasing antagonism against his administration; victory…
1 day ago
The Federal Executive Council (FEC), at its third meeting of the year on Monday, approved the completion of four road projects inherited from the previous administration, after a rigorous review. Chief David Umahi, Minister of Works, said this while addressing State House Correspondents after the FEC meeting. He said the first approval by FEC was…
1 day ago
LAPO Microfinance Bank has appointed Dr. Godwin Ehigiamusoe as the new Chairman of its Board of Directors, succeeding Mrs. Osaretin Demuren. The bank praised Demuren for her leadership, particularly in strengthening LAPO’s position in Nigeria’s microfinance sector. Dr. Ehigiamusoe, a seasoned microfinance expert, brings over three decades of experience in financial inclusion and economic development.…
1 day ago
The Vice Chancellor of Bamidele Olumilua University of Education, Science and Technology, Ikere Ekiti (BOUESTI), Professor Olufemi Adeoluwa, has declared that the N275 million monthly subvention from the Ekiti State Government is grossly inadequate for running the institution. The Vice Chancellor said that due to the current economic reality in the country, BOUESTI needs N500…