June 9, 2023 -

Just In: Tinubu Suspends Emefiele As CBN Governor

June 9, 2023June 9, 2023 Impact Newspaper

Wale Jagun President Bola Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect. This was contained in a statement signed by Director, Information, Willie Bassey for Secretary to the Government of the Federation on Friday. This is sequel to the ongoing investigation of his office and the planned reforms in the financial sector of the economy. “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, CFR, from office with immediate effect’’, the statement stated. “This is sequel to the ongoing…

President Tinubu Signs Electricity Act 2023 Into Law

June 9, 2023June 9, 2023 Impact Newspaper

Wale Jagun President Bola Ahmed Tinubu has assented to the Electricity Act 2023. The Electricity Act will replace the Electricity and Power Sector Reform Act of 2005. Electricity Act 2023 was initially passed by lawmakers in July 2022. With the Act, states, companies, and individuals are now empowered to generate, transmit and distribute electricity. It provides a framework to guide the post-privatization phase of the Nigerian Electricity Supply Industry (NESI) as well as encourage private sector investments in the sector. The Act will mandate electricity generating companies to either generate…

LFZ AND DANGOTE REFINERY

June 9, 2023June 9, 2023 Impact Newspaper

BY ROTIMI OGUNLEYE The commissioning of the Dangote Petroleum Refinery and Petrochemical Plant in the 16,345.87 hectares Lekki Free Zone (LFZ) in the Ibeju-Lekki Local Government Area of Lagos State is a landmark worth celebrating. The project which started in 2016 with an initial estimated cost of $9 billion, rose to $12 billion and later peaked at $18.5 billion on completion. It is a testimony to Alhaji Aliko Dangote’s tenacity, investment acumen and unwavering commitment to bail Nigeria out of its perennial problem of inability to domestically refine its huge…

FG Declares Monday June 12 Public Holiday

June 9, 2023June 9, 2023 Impact Newspaper

Wale Jagun The Federal Government has declared Monday, June 12, 2023, a public holiday in commemoration of this year’s Democracy Day celebration. The Permanent Secretary, Ministry of Interior, Dr Oluwatoyin Akinlade made the declaration on behalf of the Federal Government, congratulating all Nigerians on this occasion. “Nigeria’s democratic journey has, like in many other climes, encountered both stormy and smooth sails, but the ship of State, its institutions and most importantly, the Nigerian people, have remained steadfast on the tenets of democratic governance. “On this memorable occasion therefore, Nigerians and…