Beyond the Headlines
The Nigerian Electricity Regulatory Commission, on Friday, declared that it would deduct N10,505,286,072 from the annual allowed revenues of the 11 power distribution companies during the next tariff review as part of sanctions over their non-compliance with the capping of estimated bills for unmetered customers. NERC disclosed this in a notice obtained in Abuja, […]
AN unidentified commercial driver who was alleged to have committed a traffic offence on Friday set on fire personnel of the Edo State Traffic Management Agency (EDSTMA) who was directed to take him and the vehicle to the EDSTMA office. It was gathered that the driver in a bus marked Osun FFE145XA beat the […]
The much-awaited student loan scheme will be officially launched in Abuja on February 21 by President Bola Ahmed Tinubu, TheCable can report. The loan is open to all Nigerian students in the country’s higher institutions, with a flexible repayment plan starting from two years of earning an income after national youth service. Tinubu has […]
Madagascar’s justice minister defended a new bill Friday to castrate child rapists, with the measure deemed “cruel, inhuman and degrading” by Amnesty International. The upper house Senate approved the measure permitting chemical and surgical castration Wednesday after it had been voted through by the National Assembly earlier this month. Amnesty International urged Antananarivo to […]
President Bola Tinubu has signed the Electricity Act (Amendment) Bill, 2024, into law. Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, revealed this in a statement he signed Friday titled ‘President Tinubu assents to Electricity Act (amendment) bill.’ The Electricity Act (Amendment) Bill, 2024, seeks to “address the development and environmental concerns of […]
The Governor of the Central Bank, Yemi Cardoso says the measures taken so far by the apex bank to stabilize foreign exchange rates have started yielding positive results. He noted that these measures would help to stabilise the foreign exchange rates and minimize the distortion that high exchange has on inflation, as they are […]
The Federal Competition and Consumer Protection Commission (FCCPC) has warned businesses against aiding hikes in the prices of food items. Adamu Abdullahi, acting chief executive officer (CEO) of FCCPC, disclosed this in a statement on Friday while reacting to reports on February 7, 2024, that the federal high court has ordered the federal government […]
Following the recent directive by the Central Bank of Nigeria, restricting the operations of International Money Transfer Operators to only inbound transfers, IMTOs have decided to halt dollar transfers to Nigerians. The IMTOs said they will now only pay in naira. In the recently published document addressed to IMTOs, on January 31, CBN ordered […]
Men and officers of the Nigerian Navy have uncovered fifteen camps where illegal refining activities were ongoing on a large scale in Rivers State. The operation, which is part of Operation Delta Sanity was led by personnel of the Nigerian Navy Ship(NNS) Pathfinder on Friday at the heart of a creek known as Bokokiri […]
The Central Bank of Nigeria (CBN) says it has discontinued granting loans through its Ways and Means advances to the federal government. The CBN Governor, Olayemi Cardoso, said the decision was because of the government’s failure to settle its outstanding debt. Cardoso said this on Friday at an interactive session with the Senate Committee […]
