The federal government is set to take over direct custody of revenues generated by its key agencies as part of efforts to improve income generation and block leakages. Many federal government revenue generating agencies, commissions and enterprises are being accused of either spending at will most of the monies, they[Read More…]
Author: Godwin Anyebe
Panic Buying of Palliatives Caused High Food Prices – Governors
The Jigawa State Governor, Abubakar Badaru, and his Kebbi State counterpart, Atiku Bagudu, recently said bulk purchase of food items as palliatives for the COVID-19 pandemic contributed to the high cost of food in the country. The governors spoke alongside their Plateau State counterpart, Simon Lalong, during an interview with[Read More…]
Group Urges FG to Maintain Ban on Importation of Frozen Chicken
The Poultry Association of Nigeria (PAN) has urged the Federal Government to maintain the total ban on importation of frozen chicken for the poultry industry to expand, reduce unemployment, and boost the economy. Mr Ezekiel Mam, President of PAN made the call today while speaking in Abuja Mam who thanked[Read More…]
Nigerian Consumers Laments Hike In Prices Of Food Items
Inflation measures the rate at which the prices of goods and services increase over a period of time. The consumer price index which measures inflation rose by 0.40 percentage points between July and August 2020 on a year-on-year basis; the According to the August CPI/inflation report released by the National[Read More…]
Expert Advocates 80% Budget for Digital Marketing Amid Pandemic
The Chief Executive Officer/Managing Director of Lilvera Group, Mr. Buchi Johnson, has urged clients and corporate organisations to review their marketing plans and budgets as a result of the COVID-19 pandemic that has redefined the dynamics of the Nigerian marketing environment. The London Business School alumnus, who spoke to journalists[Read More…]
Electricity Tariff: Consumers To Pay Full Rates From July 2021
Power distributors have received approval to collect an average of 87.9 per cent of the recently increased electricity tariff from consumers across the country in the first six months of 2021. Latest tariff review documents issued to each of the 11 distribution companies by the Nigerian Electricity Regulatory Commission also[Read More…]
Emirates Airlines Ban From Operating In Nigeria By FG
The Federal Government has included Emirates Airlines in the list of airlines not allowed to operate in Nigeria. This is part of measures to curb the spread of COVID-19 in the country. The Minister of Aviation, Hadi Sirika, confirmed this via his Twitter handle on Friday. According to Sirika, the[Read More…]
Shelve Plans Of $1.5bn World Bank Loan, DPR Warn FG
The Department of Petroleum Resources (DPR) says it has advised the federal government to consider withdrawing a $1.5 billion loan request sent to the World Bank. In a statement on Friday, the agency said it has remitted $1.03 billion to the federal government with an additional $600m underway from oil[Read More…]
DISCOS To Set Up Tribunal To Try Erring Consumers
The Kano Electricity Distribution Company which covers Kano, Jigawa and Katsina states has revealed plans to set up a tribunal to try consumers sabotaging distribution of electricity. The Managing Director of the company, Dr Jamila Gwamna, said this on recently in Kano at the official signing ceremony of Memorandum of[Read More…]
Consumers To Pay For Electricity Meters Through Tariff Costs – NERC
Electricity customers will henceforth cease to make one-off payment for meters but rather will pay for them via periodic tariff costs, the Nigerian Electricity Regulatory Commission (NERC) said. A reward system that will compensate those who have acquired meters from their own purse is also in the pipeline. Nathan Rogers[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]