Labour Party urges FG to reconsider Electricity Tariff hike The Labour Party (LP) has called on the Federal Government to reconsider its decision to hike the tariff payable by some electricity consumers in the country. Mrs Olubunmi Odesanya, Lagos State Publicity Secretary of the party, made the call in[Read More…]
Obazee submits final investigative report on Emefiele, to Tinubu President Bola Tinubu has commended Jim Obazee for his services as a special investigator as he concludes his probe on the activities of the Central Bank of Nigeria (CBN) and related entities. In July 2023, Tinubu appointed Obazee, former[Read More…]
Kano Gov Abba Yusuf set up panel to investigate Ganduje’s Govt Abba Yusuf, governor of Kano, has set up two judicial panels to probe cases of political violence, misappropriation of public assets and missing persons that occurred between 2015 and 2023, during the tenure of former Governor Abdullahi Ganduje. In[Read More…]
Wife of detained Binance executive writes Nigeria Government to release husband Yuki Gambaryan, Wife of the detained Binance Holdings Limited executive, Tigran Gambaryan, Binance’s head of financial crime compliance, has pleaded with the Nigerian government release her husband. Mrs Gambaryan, in a letter to the Nigerian government on[Read More…]
NERC fines Abuja DisCo ₦200m for tariff order violation The Nigerian Electricity Regulatory Commission (NERC) has slammed Abuja Electricity Distribution Plc (AEDC) with a fine of ₦200 million for failing to adhere to its tariff guidelines, creating a stir among consumers and industry stakeholders alike. The fine comes in[Read More…]
‘Fake’ Rivers PDP CTC list can’t stand – Fubara Gov. Siminalayi Fubara of Rivers, on Thursday declared a purported list of the state’s Peoples Democratic Party (PDP) Caretaker Committee members , circulating in the media, as fake. Fubara disclosed this at the inauguration of the Port Harcourt International Automobile Spare[Read More…]
NERC says new tariff will reduce electricity subsidy by N1.14 Following the approval of new increased electricity tariff on Wednesday, the Nigerian Electricity Regulatory Commission (NERC) has said it is expected to reduce subsidy for the 2024 fiscal year by about N1.14 trillion. In a statement on Wednesday,[Read More…]
Diesel price drops as Dangote sells N1,225/litre, supplies petrol May The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by[Read More…]
Access Bank to boost financial inclusion with offline platform Access Bank Plc has unveiled an offline banking platform, 901.ng to provide customers with an additional channel to carry out their transactions and boost financial inclusion in the country, Punch reports. Financial inclusion in Nigeria has increased to 74 per cent[Read More…]
FG increases electricity tariff by more than 300% The Nigerian Electricity Regulatory Commission (NERC) has approved the increase of electricity tariff for customers under the Band A classification. At a press briefing in Abuja on Wednesday, NERC’s Vice Chairman, Musliu Oseni, said the increase will see customers pay N225 kilowatt[Read More…]
