Hand sanitisers and other anti-viral protective and hygiene products may soon be included in the list of items the Central Bank of Nigeria (CBN) has banned from accessing foreign exchange for their importation. The CBN governor, Godwin Emefiele, announced on Wednesday in Abuja that this was part of decisions being[Read More…]
News
Consumers ask for more prepaid meters, oppose upward review of tariff
Some Stakeholders at a public hearing, organised by the Nigerian Electricity Regulatory Commission (NERC) in Ibadan, have clamoured for availability of prepaid meters for consumers as against upward review of tariffs by distribution companies. The News Agency of Nigeria (NAN) reports that the event, which held in Ibadan on Friday,[Read More…]
NERC orders metering of electricity consumers by April 30
The Nigerian Electricity Regulatory Commission (NERC) has directed the Distribution Companies (DisCos) to ensure that electricity consumers are metered by April 30. NERC said this in an order signed by NERC’s Chairman, James Momoh, and Commissioner, Legal, Licensing and Compliance, Dafe Akpeneye, obtained from the commission’s website in Abuja on[Read More…]
EDOSCO reject increment in electricity tariff
Members of Edo Civil Society Organisations were fully present at the stakeholder’s meeting held in Benin today on the proposed increment in electricity tariff by the Benin Electricity Distribution Company. EDOCSO position was that, the proposed electricity tariff increment should be jettisoned as the power company have failed in discharging[Read More…]
Electricity tariff hike: Katsina consumers reject proposed increment
Electricity consumers in Katsina State have rejected the proposed increment in electricity tariff by the Kano Electricity Distribution Company (KEDCO), citing lack of stable electricity supply as reason The consumers made their position known on Thursday in Katsina during a Public Consultation on the Extra Ordinary Tariff Review of the[Read More…]
CBN returns over N60 billion excess bank charges to customers
The Central Bank of Nigeria (CBN) on Thursday said it has so far recovered over N60 billion from erring banks as excessive charges imposed on customers. The bank also said it has equally returned same amount to the affected customers. This is just as the Apex Bank has announced that[Read More…]
DPR shuts down 42 illegal gas stations in A’Ibom
The Department of Petroleum Resources(DPR) has closed down at least 42 illegal gas stations in Akwa Ibom State for allegedly engaging in unsafe practices. DPR operations controller in the state, Tamunoiminabo Kingsley-Sundaye,who disclosed this to journalists in Eket local government area recently said the stations were shut down between Jan[Read More…]
Nigeria to kick off gas flare commercialisation from 45 sites
The Department of Petroleum Resources (DPR) has stated that over 200 bidders are competing for the available 45 gas flaring sites in Nigeria, adding that the national gas flare commercialization programme will be implemented from those sites at the initial stage. Specifically, the department stated that there are other gas[Read More…]
Court jails 29 year old for human trafficking
The National Agency for the Prohibition of Trafficking in Persons (NAPTIP) has successfully secured the conviction of twenty-nine years old Sekinat Ayomide Owolabi for human trafficking. The suspect was arraigned by NAPTIP at the Federal High Court Osogbo, on a three-count charge of organising the foreign travel of a nineteen[Read More…]
NAFDAC Hosts African Medicine Quality Forum
The National Agency for Food and Drug Administration and Control {NAFDAC} volunteered last year at the last meeting in Morocco to host the Third African Medicine Quality Forum (AMQF) meeting. The meeting will take place at the Transcorp Hilton Abuja from the 24th- – 28th February, 2020. The AMQF was[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…]