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…]
News
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…]
FCCPC Seals Store of Expired Apples and Pears in Abuja
The Federal Competition and Consumer Protection Commission (FCCPC) has sealed Apple & Pears Ltd. It cited expired items in their retail and storage location in Abuja. Babatunde Irukera, FCCPC Chief Executive Officer, made the announcement in a statement recently. He said it was disclosed that food products purchased were expired,[Read More…]
Okunbo Appoints Ajayi As Media Adviser
Captain Hosa Wells Okunbo, business magnate and Chairman of the Hosa Wells Group, has appointed veteran journalist and media management expert, Samuel Ajayi, as his Media and Communications Adviser. The appointment, which took effect immediately, was announced via a statement by Captain Okunbo at his corporate headquarters in Abuja. In[Read More…]
Discos Give Conditions to Accept Forensic Audit
Ten out of the 11 electricity distribution companies (Discos) in Nigeria’s power sector have said that they will take part in a planned forensic audit of their operational activities by the federal government through the Nigerian Electricity Regulatory Commission (NERC) and the World Bank if certain conditions are guaranteed to[Read More…]
SON Secures Conviction of Two over SON Secures Conviction of Two over Engine Oil Adulteration in Lagos
A Federal High Court in Lagos on Friday convicted two men, Uche Johnson and Kingsley Meteke, for producing and distributing substandard engine oil and sentenced them to two-years imprisonment each. The Standards Organisation of Nigeria (SON) brought them before the court on a four count charge of production, possession, dealing[Read More…]
FG Rejects Proposed Increment of Licence Fee for Currier Services
The Federal Government has rejected the proposed increment of license fee for courier services by the Nigerian Postal Service, NIPOST. The minister of communication and digital economy, Isa Pantami, in a tweet Saturday morning, insisted that the increase was not part of the regulation he approved for the agency on[Read More…]
NLC Tells FG to Rescind 6% Stamp Duty on Tenancy Agreement
The Nigeria Labour Congress has opposed the six per cent stamp duty fee for every tenancy and leases agreement stipulated by the Federal Inland Revenue Service. It described the new tax as a financial burden on poor Nigerians at a time they were facing socio-economic pressure arising from the COVID-19[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…]