Tag: #EnergyCrisis
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FEDERAL CAPITAL TERRITORY RESIDENTS SOUND ALARM OVER SOARING COOKING GAS PRICES
Residents in Abuja and across the Federal Capital Territory are feeling the heat as Liquefied Petroleum Gas (LPG), popularly known as cooking gas, sees sharp price hikes following the recent PENGASSAN strike. Prices for 1kg cylinders skyrocketed from around ₦1,100 to as much as ₦1,800 in many outlets, straining household budgets. Businesswoman Mrs. Tina Okojie…
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TONY ELUMELU URGES AFRICA TO UNLOCK $4 TRILLION IN PENSION FUNDS TO POWER GROWTH
Africa is sitting on a goldmine! Tony Elumelu, Chairman of Heirs Holdings and UBA, calls on governments to tap into their huge pension funds and fix the energy crisis to drive inclusive growth and innovation. Speaking at the UBA white paper launch in Washington, Elumelu stressed that trillions in African pension assets are stuck in…
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DANGOTE-PENGASSAN MEETING ENDS IN DEADLOCK; STRIKE CONTINUES
Over 800 sacked workers remain a key issue as talks stall, fueling ongoing strike in oil sector. A nine-hour conciliation meeting between the Federal Government, PENGASSAN, and Dangote Group over the dismissal of 800 workers ended with no agreement on reinstatement and unionisation. Minister of Labour Muhammad Dingyadi said progress was made, but key issues…
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AEDC REPORTS NATIONAL GRID COLLAPSE CAUSING POWER OUTAGE
Nationwide blackout hits AEDC areas after grid failure; restoration efforts underway. The Abuja Electricity Distribution Company (AEDC) announced a collapse of the national grid at 11:23 a.m. on Wednesday, causing widespread power outages across its franchise areas. AEDC is coordinating with stakeholders to restore power as soon as the grid stabilizes, urging customers for patience…
