The Nigerian Electricity Regulatory Commission (NERC) has scolded some electricity Distribution Companies (DisCos) who force customers to clear their bills before they are metered. NERC in a statement by its spokesman, Dr Usman Abba-Arabi said the Commission’s attention was brought to the practice of having customers of DisCos invest in[Read More…]
Author: Godwin Anyebe
coronavirus is now in 15 countries
The deadly coronavirus is now in 15 countries: China United States France Japan South Korea Taiwan Singapore Thailand Australia Nepal Vietnam Hong Kong Macau Malaysia Canada Over 1000people infected. 43 are dead. Here is what you can do to stay safe: Wash your hands often with soap and water for[Read More…]
ICPC: Commissioner for Agriculture bags 19 Years Jail Term
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has secured the conviction of Mr. Zachaeus Atte, a former Commissioner for Agriculture in Kogi State, North-Central Nigeria. Mr. Atte was convicted on corruption charges by a Kogi State High Court sitting in Okene, Kogi State and presided over by[Read More…]
Senate probes alleged CBN Non-Remittance of N20 trillion Stamp Duty
The Senate is investigating alleged failure by the Central Bank of Nigeria, CBN, to remit stamp duty of over N20 trillion into the Federation Account. Chairman, Senate Committee on Banking, Insurance and Other Financial Institutions, Senator Uba Sani, All Progressives Congress, APC, Kaduna Central, who disclosed this, however, warned against[Read More…]
SON charged Kaduna women on global competativeness
The Standards Organisation of Nigeria has assured women cooperative groups in Kaduna State of potentials to be on the global front with strict adherence to the Nigerian Industrial Standards and the conformity assessment procedures of the agency. This assurance was given at an intensive workshop for women cooperative heads from[Read More…]
Electricity consumers to get refund of money from DISCOS – Reps
The House of Representatives is proposing that money spent by electricity consumers to acquire and maintain electrical facilities connected to the national grid be refunded by the distribution company. The distribution companies will be solely responsible for the purchase and maintenance of facilities in the electricity distribution network, as being[Read More…]
Electricity Tariff Hike: Why consumers will pay for more darkness — Experts
In December 2015, when the Nigerian Electricity Regulatory Commission, NERC, with the backing of the Federal Government, carried out the last upward electricity of tariff review, it told Nigerians that the hike would bring about stable electricity supply and finally resolve the problems of the country’s power sector. Specifically, then-Minister[Read More…]
Lassa fever killed one in Ogun State, govt call for caution
Dear Editor, Good Morning to all Doctors and other Health Workers in Ogun state It is no longer news that LASSA FEVER has again raised the ugly head in our dear Ogun State. *A case has already been confirmed at FMC Abeokuta.* Therefore our sense of suspicions must be high[Read More…]
New VAT will affect small businesses
A section of the Nigerian economy which will feel the impact of the recent increase in Value Added Tax from 5% to 7.5% is Micro Small and Medium Enterprises (MSMEs). President Muhammadu Buhari recently signed the Finance Bill which among other things, increased Value-Added Tax (VAT) from 5% to 7.5%[Read More…]
CBN raises Cash Reserve Ratio to 27.5%
The Central Bank of Nigeria has raised the Cash Reserve Ratio from 22.5 per cent to 27.5 per cent. Briefing the press after the first Monetary Policy Committee (MPC) meeting in 2020 held in Abuja, the CBN Governor, Mr Godwin Emefiele, said that all other parameters were retained. Accordingly, the[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…]