FG to sell 5 electricity distribution companies managed by Banks to Technical Power Operators The federal government says it would sell off five electricity distribution companies (DisCos) under the management of banks and Asset Management Corporation of Nigeria (AMCON) in the next three months to technical power operators.[Read More…]
UTME: Minimum age for Varsity admission still 18 – FG The minister of education, Tahir Mamman, has said the minimum age for admission into Nigerian higher institutions of learning is 18 years. Tahir Mamman disclosed this on Monday during a monitoring exercise of the ongoing 2024 Unified Tertiary[Read More…]
Nigeria Govt says it will save N1.5tn, 2.5m meter installations from Tarif hike The Federal Government has raised the amount that it would save this year following the recent hike in electricity tariff for Band A customers to N1.5tn. It also stated that about 2.5 million meters would be[Read More…]
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…]
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…]
