The Nigerian Electricity Regulatory Commission (NERC) on Monday officially deregulated the market for Meter Asset Providers (MAP), stressing that it will henceforth be subjected to competitive market forces. NERC has mandated competitive bidding for meter prices starting May 1, providing customers with options from authorised vendors. In an instrument marked NERC/2024/O40 cited as the “Order…
The Central Bank of Nigeria has ban four mobile money and fintech firms from registering more customers.The directive spread panic among Nigerian customers The new directive will affect Opay, Palmpay Kuda Bank and Moniepoint, from opening new accounts until further notice.The CBN’s move was linked to an ongoing audit of the Know-Your-Customer process of the…
A Federal High Court in Abuja has approved an interim order requested by the Economic and Financial Crimes Commission (EFCC) to freeze at least 1,146 bank accounts owned by various individuals and companies allegedly involved in illegal foreign exchange transactions. Justice Emeka Nwite, in a decision on the ex-parte motion presented by the anti-graft agency’s…
The governor revealed this while commissioning the new Labour House in Edo state on Monday. According to him, the new wage comes into effect on May 1st, 2024. This is as the Nigeria Labour Congress (NLC) battles the Federal Government over increasing the minimum wage to match increasing national inflation and skyrocketing food inflation. The…
The Federal Government has pledged to utilize climate-smart predictions and warnings to bolster socio-economic development nationwide and mitigate climate change-induced disasters. Emphasizing the importance of issuing early disaster warnings to prevent associated losses, the government reiterated its commitment to addressing global warming and its adverse effects to accelerate the United Nations Sustainable Development Goals. Speaking…
The Joint Admissions and Matriculation Board (JAMB) is set to release the results of the 2024 Unified Tertiary Matriculation Examination (UTME).According to Daily Trust, the JAMB Registrar, Professor Ishaq Oloyede, will address a press conference on Monday, during which he will touch on the 2024 UTME results and other issues surrounding the exam’s conduct. However…
The Independent Petroleum Marketers Association of Nigeria, IPMAN, said yesterday that the petrol scarcity currently spreading to more states across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, NPCL insisted yesterday that it has adequate stock of the product. However, the Public Relations…
President Bola Tinubu on Sunday, met with Microsoft founder and philanthropist, Bill Gates, on the sidelines of the World Economic Forum Special Meeting in Riyadh, Saudi Arabia, where they discussed the relevance of technology in the contemporary world. Tinubu said his administration is investing in technology that is tailored towards ensuring transparency and accountability in…
The National Agency for Food and Drug Administration and Control (NAFDAC), on Sunday, declared that the Nido infant milk formula, alleged to contain sugar or honey, was not registered and sold in Nigeria. The Director-General (D-G) of NAFDAC, Prof. Mojisola Adeyeye, made this known in a statement in Lagos. Adeyeye said the attention of NAFDAC’s…
President Bola Ahmed Tinubu has said that the removal of petrol subsidy was a necessary and decisive action to ensure that Nigeria does not go bankrupt. The President said this at the World Economic Forum in Riyadh, Saudi Arabia on Sunday, where he also said that the floating of the Naira was necessary to remove…
