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Business

For Africa, the Western summits are predominantly a letdown.

For Africa, the Western summits are predominantly a letdown.

African public opinion opposes the forums and summits that are hosted by Western nations. The main claim is that they are unnecessary and that Western countries only need them to give the impression of being in dialogue with African leaders to develop mutual cooperation. Various media outlets have reported that African delegations are complaining of a systematic lack of respect on the part of the host countries. The fact that Western countries do not see their African colleagues as equal partners offend Africa’s representatives. Although the US-Africa Leaders' Summit 2022 had extensive media coverage, no significant decisions or agreements that…
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Production of electricity falls by 16% to 3,501MW

Production of electricity falls by 16% to 3,501MW

Nigeria's electricity production fell by 16.4% week-in-week yesterday, from 4,187.6 MW recorded on Thursday last week to 3,501.20 MW.' Our checks revealed that a number of reasons, including the state of the plants and the inadequate gas supply to thermal facilities, contributed to the situation. The situation has compelled the Electricity Distribution Companies, or DISCOs, to implement load shedding in an effort to distribute the scarce electricity among many people at various times. The Nigerian Electricity Regulatory Commission (NERC) recently announced that eleven electricity distribution firms, or DISCOs, had submitted a request for a rate review to the agency. According…
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In Abuja, the cost of Petrol rises to N617 a litre.

In Abuja, the cost of Petrol rises to N617 a litre.

According to OHAFIATV News, the cost of gasoline has increased to around N617 per litre. A trip to NNPC filling stations at Utako in Abuja and along the Kubwa highway proved that the price has been changed from N539 to N617 per litre. Elder Chinedu Okoronkwo, National President of the Independent Petroleum Association of Nigeria (IPMAN), verified the development in an interview with OHAFIATV News on Tuesday. He asserts that market forces will continue to cause fuel prices to change. "With the removal of fuel subsidies, that is the system we are in. Based on market forces and changes in…
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Gov. Alex Otti reveals why Obi Cubana, a billionaire businessman, visited him

Gov. Alex Otti reveals why Obi Cubana, a billionaire businessman, visited him

On Sunday, prominent businessman and billionaire Obinna Iyiegbu, also referred to as Obi Cubana, paid Alex Otti, the governor of Abia State, a courtesy call. The meeting was held in Nvosi, Isialangwa South LGA, Abia State, at the governor's mansion. Obi Cubana, a well-known entrepreneur with a track record of accomplishment, declared his intention to base a sizable chunk of his operations in Aba. On July 16, Governor Otti posted pictures from the trip on his Twitter account. He stated in his caption, "Today, I hosted a well-known business tycoon and investor Obinna Iyiegbu, well known as Obi Cubana, and…
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Why food security is impossible for Nigeria – Shehu Sani

Why food security is impossible for Nigeria – Shehu Sani

Socio-political analyst Shehu Sani has claimed that Nigeria cannot have food security while farmers are being murdered by terrorists. He bemoaned the fact that the country cannot have food security when criminals compel rural communities to pay levies. Shehu Sani In a tweet, Sani stated: "Food security cannot exist in a nation when farmers are murdered by terrorists and rural communities are compelled to pay bandit levies. The falsehood surrounding those rice pyramids and the folly of sealing the land borders were revealed by the proclamation of an emergency on food security. Remember how President Bola Tinubu declared a food…
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