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…]
News
DPR Remits N673BN To Federation Account In Six Months
Department of Petroleum Resources (DPR) recently said it remitted N673.72 billion to the federal government coffers in the first half of 2020. The disclosure came against the backdrop of a recent query by the Senate accusing DPR of remitting N44.5 billion into the Consolidated Revenue Fund (CRF) out of the[Read More…]
Nigeria, Korea Pledge to Deepen Cooperation in Shipping
Nigeria and South Korea have agreed to intensify their collaboration in trade and shipping development. This was disclosed in Lagos during a meeting between the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh, and Consul General, Embassy of the Republic of Korea in Nigeria, Kim[Read More…]
NDLEA Secures Conviction Of Two Pharmacists Over Diversion Of Ephedrine
National Drug Law Enforcement Agency, NDLEA, has secured the conviction of a pharmacist Geoffrey Ezeokwu and his assistant Moses Ajibo for unlawful diversion of ephedrine, a precursor chemical for the production of methamphetamine. They were sentenced to three years each to commence, immediately. This will be the Agency’s first conviction[Read More…]
Union Tasks NERC On Salaries
The Senior Staff Association of Electricity and Allied Companies (SSAEAC) has picked holes on the recent minimum remittance orders issued to Discos by the Nigerian Electricity Regulatory Commission (NERC), saying that salary of workers that collect revenue are not taking into consideration. The union said the NERC which is the[Read More…]
Nigerian Government Raises Petrol Pump Price Again
This new development was contained in a memo released by the Pipelines and Product Marketing Company and signed by D.O Abalaka.
FG Set Rules For Players as New Tariffs Take of
The Nigerian Electricity Regulatory Commission (NERC) yesterday issued guidelines to stop the blame game between the Transmission Company of Nigeria (TCN) and Distribution Companies (Discos) over the latter’s alleged incessant rejection of power. The new guidelines came as the revised electricity tariffs to be paid by some electricity consumers, earlier[Read More…]
FG Sacks Aboloma as NAIC Gets New ED
The Federal Government has sacked erstwhile Director General of the Standards Organization of Nigeria, SON, Mr. Osita Aboloma and approved the appointment of Farouk Salim as the new Director General of the Agency Salim’s appointment takes effect from September 26, 2020 as conveyed by the Minister of Industry, Trade and[Read More…]
ARCN Appoints 7 New Provosts For Federal Colleges Of Agriculture
The Agricultural Research Council Of Nigeria (ARCN) on Tuesday appointed new Provosts over 7 Federal Colleges of Agriculture and an Executive Director for the National Veterinary Research Institute (NVRI) Vom. The Executive Secretary of ARCN, Prof Garba Hamidu Sharubutu while presenting their appointment letters to them at the Council’s Board room, [Read More…]
SON Destroys Cylinders, Roofing Sheets Worth Millions of Naira
The Standards Organisation of Nigeria (SON) has destroyed substandard LPG cylinders and aluminium and galvanised roofing sheets worth over N450 million, noting that these goods failed the minimum requirement of the standards. The Director, Inspectorate and Compliance Directorate, SON, Engr. Obiora Manafa, said the goods to be destroyed were classified[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…]