Yesterday, the Nigerian Electricity Regulatory Commission (NERC) made an important announcement regarding electricity tariffs. They revealed that there would be an eight percent reduction in the tariff for customers in Band A. This means that the amount these customers pay for electricity per kilowatt-hour (kWh) …
In Ughelli, a town in Delta State, Nigeria, a distressing incident unfolded involving five women from the Oteri community. These women now find themselves in critical condition at Central Hospital, Ughelli, after reportedly being shot during a protest. The protest stemmed from grievances against the …
Terrorists attacked the Ambe community in Sanga Local Government Area of Kaduna State on Sunday night, resulting in the death of six people and injuring eight others. Confirming the incident, Mansir Hassan, the Police Public Relations Officer of the Kaduna Command, stated that one suspect …
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has urged bank officials and other government functionaries to be careful in managing public funds due to the nation’s current economic challenges. He made this statement yesterday at the Regional Workshop on Project …
Customer deposits in top deposit money banks surged by 66 percent Year-on-Year (YoY) to N76.04 trillion by the end of December 2023, up from N45.81 trillion at the end of December 2022. Despite the country facing a rising inflationary trend and other economic challenges, this …
The Acting Director-General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has revealed the Commission’s intentions to remove the Naira from peer-to-peer (P2P) cryptocurrency trading platforms. This move aims to prevent the ongoing manipulation observed in the platform. In a statement released by …
Villages in Ika North East and Ika South Local Government Areas of Delta State are expressing deep concern over the surge in kidnappings within their communities. They are now fearful to visit their farms due to the prevailing sense of insecurity. In a statement issued …
The Central Bank of Nigeria, known as CBN, has instructed a small deduction of 0.005 percent as a Cybersecurity Levy on electronic transfers. This instruction came through a circular issued by the CBN yesterday, stating that the deductions will start within the next two weeks. …
An Osun State High Court in Osogbo has issued an order preventing State Governor Ademola Adeleke from presenting any certificate, instrument, or office staff to the newly-elected Aree, Prince Muritala Oyelakin. This decision comes after the State Governor approved Prince Oyelakin as the new Area …
In a significant win, the Labour Party has secured victory in the first-ever mayoral election for York and North Yorkshire, British Prime Minister Rishi Sunak’s electoral stronghold, in the UK local polls on Friday. Described as a “historic” triumph, Labour’s David Skaith, a local businessman …
