The Central Bank of Nigeria has again announced the sales of dollars to Bureau De Change operators. It disclosed this in a circular uploaded to its website on Monday. The apex bank said it is set to sell $10,000 to each BDCs at N1101/$ and directed the operators to sell at a spread […]
Adebayo Adelabu, minister of power, has criticised Nigerians who keep their freezers and air conditioners on when they are not home. Adelabu, while addressing journalists in Abuja on Thursday, said Nigerians lack the culture of power consumption management due to its affordability. “The bitter truth we all need to tell ourselves as Nigerians. A […]
The Enugu Electricity Distribution Company, EEDC on Saturday released list of areas in Southeast that will experience hike in the new electricity tariff. Few days ago, the Nigerian government announced new electricity tariff across the country. According to the minister of Power, Adelabu said the new electricity tariff will only affect band A users. […]
The Nigerian Electricity Regulatory Commission has directed power distribution companies to refund all overbilled Band B customers by April 11. This directive to the electricity distribution companies on implementation of the April 2024 supplementary Multi-Year Tariff Order was released on Saturday. The directive came amid complaints from customers not on Band A, who are […]
Long queues built up in filling stations across Lagos State on Friday, creating fears of impending fuel scarcity. Our correspondent, who went around the city, gathered that the queues in some of the filling stations affected the free flow of traffic. At the AP filling station in Alapere, commuters were held in traffic on […]
Air Peace, Nigeria’s flag carrier, has announced an increase in capacity on its Lagos-London flights. The airline made the announcement on its X page on Wednesday. On March 30, Air Peace commenced its Lagos-London flight services. During an interview on Arise TV on April 2, Allen Onyema, chief executive officer of Air Peace, said […]
Air Peace on Tuesday, alerted some passengers intending to book UK flights on its portal were defrauded by fraudsters who cloned its official website. The alert was issued a few days after the airline inaugurated its groundbreaking direct flight from Nigeria to the United Kingdom. The airline stated in a post on X (formerly […]
The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by the Dangote Petroleum Refinery. It was gathered on Tuesday that the $20bn worth refinery started […]
The Federal Government, yesterday, increased the wholesale price of gas to power plants by 11 percent from $2.18 per MMBTU to $2.42/mmbtu (Million British Thermal Unit), leaving power generation companies with additional cost. The gas companies had since January this year reduced supply to power plants following years unpaid invoices that amounting to over […]
The detained Binance executive, Tigran Gambaryan, has sued the National Security Adviser (NSA) Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC) over alleged violation of his fundamental rights. Gambaryan, in the originating motion dated and filed March 18 by his lawyer, Olujoke Aliyu, from Aluko and Oyebode Law Firm, sought five reliefs before […]
