Author: Eberechi Constance

NERC slams DisCos, imposes N628m fine over over billing

  The Nigerian Electricity Regulatory Commission, NERC, has descended hard on some Electricity Distribution Companies, DisCos over excessive billing of electricity consumers. Consequently, the regulatory agency has slammed Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola DisCos with a hefty fine of N628.03 million for non-compliance with its capping[Read More…]

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Fidelity Bank distributes food packs to FCT communities

    As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja residents. Themed, the Fidelity Food Bank initiative, the outreach saw the bank’s officials distribute the food items to seven communities in the Mabushi[Read More…]

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INEC rejects Natasha Akpoti-Uduaghan’s recall

    Independent National Electoral Commission (INEC) has finally turned down the request to recall Senator Natasha Akpoti-Uduaghan from the Senate. According to INEC, the petition did not meet the constitutional requirements outlined in Section 69(a) of the 1999 Constitution. INEC explained this today in a post on its official[Read More…]

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Tinubu sacks, Mele Kyari as NNPCL chairman, appoints Bayo Ojulari

President Bola Tinubu has removed the chairman, Nigerian National Petroleum Company Limited board, Pius Akinyelure, and the Group Chief Executive Officer, Mele Kyari. Tinubu also appointed Bashir Ojulari as Kyari’s replacement with immediate effect. Bayo Onanuga, Tinubu’s Special Adviser on Information and Strategy, announced the development in a statement he[Read More…]

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FirstBank files appeal

Injunction and stay of execution  Cargo remains under arrest  In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of[Read More…]

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