Economy
-
Betta Edu: 50 bank accounts under investigation, says EFCC
By Innocent Raphael The Economic and Financial Crimes Commission (EFCC) has said that 50 bank accounts are being investigated in the ongoing probe of suspended Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu. According to the agency, the probe is also involving the former Chief Executive Officer of the now-suspended National Social Investment Programme Authority (NSIPA), Halima Shehu.…
Read More » -
Court remands Emefiele in EFCC Custody
The Ikeja High Court in Lagos State has ordered the remand of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele in the custody of the Economic and Financial Crimes Commission (EFCC). Emefiele to be remanded till the next adjourned date, Thursday, April 11 when the court will give its ruling on bail. Justice Rahman Oshodi also…
Read More » -
BREAKING: Emefiele arrives court for arraignment
Former Central Bank of Nigeria (CBN) governor Godwin Emefiele has arrived in court for his arraignment. Emefiele is to be arraigned at the Ikeja High Court over alleged abuse of office and allocation of billions of dollars. https://www.facebook.com/share/r/JfPUKmx4JYsXfWox/?mibextid=oFDknk
Read More » -
Electricity Tariff: Nigerians blast Minister of Power, Adelabu for making insensitive comment
Nigerians have taken to the social media platforms to lambast the Minister of Power, Adebayo Adelabu for blaming them for the epileptic power supply in the country. Some of them called for his resignation while others advised him not to think of aspiring for any elective position either in Oyo State or Nigeria. According to Pastor Who with the X…
Read More » -
FG urges mining companies to emulate international best practices
The Federal Government has advised mining companies to emulate the international best practices of the Segilola gold project to develop the sector. The Minister of Solid Minerals Development, Mr Dele Alake offered the advice during a site tour of the Segilola Resources Operating Limited (SROL), an indigenous gold mining company in Ilesha, Osun State, Alake expressed the commitment of the…
Read More » -
Electricity Tariff: DisCos dares NERC, returns 620 areas to Band A
Thousands of electricity consumers in about 620 feeder coverage areas across the country downgraded to Band B are set to return to Band A, moving their tariff upwards from N68 per kilowatt hour to N225/kWh. The Nigerian Electricity Regulation Commission (NERC) on Tuesday announced a new tariff for the Band A customers increasing the rate by about 230 per cent.…
Read More » -
Ex-federal lawmakers fault Electricity tariff hike
Two former federal lawmakers, Senator Andrew Uchendu and Hon. Dachung Bagos, have faulted the Federal Government’s reduction of electricity subsidy. They argued that the timing was wrong. The Nigerian Electricity Regulatory Commission (NERC) had on Wednesday, announced an increment in electricity tariff for Band A customers. It explained that these are people who enjoy a 20-hour supply of electricity daily.…
Read More » -
Electricity Tariff: IKEDC lists Band A areas
By Adeola Ogunrinde The Ikeja Electricity Distribution Company has released the list of the areas within its coverage that are affected by the new electricity tariff. This is coming as the Nigerian Electricity Regulatory Commission (NERC) announced on Wednesday that electricity consumers under the Band A classification will now pay N225 for a kilowatt per hour (KW/h) instead of the…
Read More » -
BREAKING: Binance Executive appears in Court over alleged money laundering
The head of financial crime compliance at Binance, Tigran Gambaryan, has arrived the Federal High Court in Abuja for arraignment over allegations of money laundering. On February 28, Gambaryan and Nadeem Anjarwalla, Binance’s regional managers for Africa, were detained by the Nigerian government. http://westernpost.ng/wp-content/uploads/2024/04/thecableng_270p_20240404_104530.mp4 Anjarwalla, however, escaped from detention after he was led to a nearby mosque for prayers.
Read More » -
Why we increased electricity tariff- NERC
The vice president of the Nigeria Electricity Regulatory Commission (NERC), Musiliu Oseni, has explained the reasons behind the increase in electricity tariff for Band A customers. The increase, which was announced by NERC earlier on Wednesday, will see customers pay ₦225 kilowatts per hour, up from the current ₦66. Oseni while explaining this on Wednesday said that the Commission is…
Read More »