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The AEDC, while confirming the development to its customers through its social media handles, said the national grid collapsed at about 4:28pm.     Nigerians have again been thrown into darkness as the Abuja Electricity Distribution Company (AEDC) on Thursday announced another national grid collapse. The AEDC, while confirming the development to its customers through its social media handles, said the national grid collapsed at about 4:28pm. In the notice, the power distribution company said,...

Nigeria’s monthly debt servicing hits $112.35m

According to the Central Bank of Nigeria (CBN), the Federal Government spent $112.35 million servicing external debt in January 2023. According to the CBN’s Weekly International Payments data, the amount spent in January was 146.17 percent higher than the $45.64m spent in December 2022. This occurred as the federal government struggled to increase its revenue base despite its revenue generation efforts. In January 2023, the Federation Account Allocation Committee distributed N750.17 billion among the three...

Whiskey Mistress reiterates commitment to promote Nigeria’s rich heritage

Adenike Isi Adeeko, the founder of Whiskey Mistress, has reiterated the organization’s commitment to ensuring the robust promotion of Nigeria’s rich heritage. Adeeko, who expressed delight in Nigeria’s diverse rich culture and warm hospitality, stated that Whiskey Mistress will continue to rely on these values to meet its customers’ needs. Adeeko stated this in a statement made available to journalists in Abuja yesterday. According to her, the organization is dedicated to providing the highest level...