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Chineme Okafor in Abuja The Transmission Company of Nigeria (TCN) on Wednesday said it has secured a $30 million (about N5.977 billion) grant from the World Bank to study the nature of electricity load demand and energy mix in Nigeria. TCN’s Deputy Managing Director, Mohammed Atiku, said at the fifth Nigerian International Power Expo and Conference that the country’s power sector lacked reliable data to plan from, hence the funding support from the bank. Organised by BKG Exhibition Limited in conjunction with the Ministry of Power in Abuja, the event brought together key actors in the sector, with the aim of improving on the existing policies and achievements in the privatised sector. Atiku who explained that electricity demand and supply are two critical elements that must be studied and quantified to help operators make appropriating plans, said: “Demand and supply are two critical elements in the power sector which has to be understood, to be identif...

                               President Muhammadu Buhari  Revises oil benchmark to $48/bl as Iraq prepares to flood market   President fails to hold FEC meeting Omololu Ogunmade and Damilola Oyedele in Abuja With only six weeks left to the end of the year, President Muhammadu Buhari on Wednesday sent a supplementary budget of N465,636,926,857 to the National Assembly for appropriation. The president also sought for an upward review of the initial N882.1 billion borrowing in the 2015 budget to N2.103 trillion to finance the budget. Of the N465.6 billion supplementary budget, N413.363 billion has been earmarked for the payment of subsidy for petrol, N39.65 billion for the fight against Boko Haram, code named 'Operation Lafiya Dole', N2 billion for the provision of prison rations, feeding for unity schools and others, and N10.62 billion for severance gratuity and ...

                                Ibrahim Dankwambo   Segun Awofadeji in Gombe The judicial arm of Gombe state government has allegedly degenerated into a hotbed for corruption as a result of many years of neglect, the Nigeria Bar Association, NBA, has said. The state NBA Chairman, Haruna Saleh, who spoke during the 2015/2016 legal year of the State judiciary on Thursday said the neglect of the judiciary has encouraged corruption in the system. “When we critically look at the dilapidated court rooms, some courts are rented houses and shops. The limited existing structures that are made court rooms are now something else that calls for a reasonable and immediate attention. This clearly reveals how judiciary is ranked in the State,” he said. The NBA Chairman added: “There are inadequate infrastructure...