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…]
FG approves 300% hike in electricity tariff The federal government is set to increase energy rates by 300 per cent to reduce government spending since it can no longer afford the huge amount it pays to subsidise electricity yearly. According to a report by Bloomberg on Tuesday, electricity companies[Read More…]
FG secures ¥15b loan from Japan boost agricultural projects Wale Edun, minister of finance and the coordinating minister of the economy, says the federal government has received the sum of ¥15 billion from the Japanese International Cooperation Agency to support the country’s national agricultural scheme project. Edun spoke while addressing[Read More…]
Nigeria moves to intervene as farmers lose N12bn to ginger blight epidemic The federal government has confirmed the outbreak of ginger blight epidemic in four states across Nigeria, adding that farmers have lost over N12bn due to the disease. Minister of state for agriculture and food security,[Read More…]
FG files tax evasion charges against Binance The federal government has filed a criminal charge against Binance, a popular cryptocurrency platform, for “tax evasion”. In a statement on Monday says the charge was filed before the federal high court in Abuja on March 25 by the Federal Inland Revenue Service[Read More…]
FG seeks speedy national digital ID for all Nigerians The federal government, through the National Identity Management Commission (NIMC), has inaugurated a steering committee on the Nigeria digital identification for development ecosystem project. George Akume, secretary to the government of the federation (OSGF), led the inauguration of the steering[Read More…]
FG releases N12.7bn for prepaid meters in army barracks nationwide Minister of power, Adebayo Adelabu, has said that the federal government has released N12.7 billion to provide meters in army barracks across the country. Adelabu said the amount is from the N40 billion earmarked for the mass metering project,[Read More…]
FG charges Miyetti Allah leader with ‘unlawful creation of ethnic militia’ The federal government has filed a criminal charge against Bello Bodejo, leader of the Miyetti Allah Kautal Hore group, over an alleged unlawful establishment of an ethnic militia group. The charge was filed before the federal high court[Read More…]
FG unveils presidential conditional grant scheme for Nano business The Federal Government has rolled out Presidential Conditional Grant Scheme, PCGS, to empower Nano businesses across the country. This is as part of the Presidential Palliative Programme meant to curb the increasing level of hardship the country is currently facing. The[Read More…]
Electricity Firms Calls on FG to settle N100 billion debt Association of Nigerian Electricity Distributors, is calling on the Nigerian government to settle the N100 billion electricity outstanding debt that is being owed by the firm. Sunday Oduntan, Executive Director of the Association stated this in an interview with[Read More…]
