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…]
Author: Godwin Anyebe
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…]
How Brands Can Use Subscription Models To Deepen Market Share Post-COVID-19
All over the world, brands are restretagising on how to deepen their market share and also remain relevance post COVID-19. In just a matter of months, the COVID-19 pandemic has had an unprecedented and lasting impact on every aspect of Consumers lives. The way they work, the the way they[Read More…]
Betting: CBN Probes Owners, Requests Account Statements
The Central Bank of Nigeria (CBN) has requested that all banks in the country submit the statements of domiciliary accounts of some high profile individuals, including owners of popular betting companies Nigeria. CBN issued the directive in a September 15, 2020 letter signed by Z. Markus for the director of[Read More…]
FG Makes U-Turn, Apologises For Asking All Bank, Other Account Holders To Re-Register
The Federal Government has apologised for asking all account holders in the country’s financial institutions to register their details again. The Federal Government earlier asked all account holders in banks, including insurance companies, to fill and submit a Self-Confirmation form. The order was given despite the possession of the Bank[Read More…]
‘Nigeria at 60 logo’ Not Plagiarised, Original Says Co-creators
The Nigerian agencies- Chain Reactions Nigeria, TBWA Africa and The Temple Management Company that jointly created the Nigeria @ 60 logo has refuted rumors making the rounds that the logo, which has been appreciated and loved by both highly placed government officials and industry practitioners was never plagiarised. The rebuttal[Read More…]
Access Bank To Pay Customer 5Million Naira as Court Declears PND Order Illegal
A Lagos high court has ordered Access Bank to pay the sum of N5 million to its customers, Blaid Construction Limited and Blaid Properties, for breach of bank-customer relationship. The court also declared that a post-no-debit alert action by the bank and continued denial of the customers’ rights to access[Read More…]
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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…]