The Nigerian Electricity Regulatory Commission on Wednesday approved an increase in electricity tariffs for customers under the Band A classification. The Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour (KW/h) from the current N66. Customers under Band A are those who enjoy 20-24 hours of electricity…
Bobrisky. Photo Credit: EFCC. The Economic and Financial Crimes Commission, will today (Friday) arraign controversial cross-dresser, Idris Olanrewaju Okuneye popularly known as Bobrisky, before the Federal High Court in Lagos for alleged money laundering. EFCC, on Thursday, filed six counts while counts bordering on money laundering and abuse of the naira on Bobrisky. Bobrisky will…
Soulcomms, a leading Strategic Communications and Engagement Agency has marked a significant milestone – its 20th anniversary. This momentous occasion not only commemorates two decades of excellence and innovation but also signals a new chapter with the appointment of a new Chief Operating Officer. The company’s 20th anniversary celebration was marked with an exclusive Cocktail event…
Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have commenced investigation of Idris Okuneye, a.k.a Bobrisky, for allegedly spraying Naira notes. The EFCC had invited the 31-year-old following a video report of spraying and flaunting wads of new Naira notes at the premiere of a movie, Ajakaju, produced by…
Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate, Transnational Corporation Plc, has released its audited financial statements for the year ended December 31, 2023. The Company reported gross earnings of N142.1 billion for the 12 months, marking a strong increase of 57.30%, from N90.34 billion reported in FY 2022. Profit…
…. tells Asiwaju to sack FCT Minister, distractions to his cabinet. Afenifere Progressive Youths Movement has stated that the Federal Capital Territories Minister, Nyesome Wike, does not stand in as one of those who contributed to the President’s Bola Tinubu’s electoral success. Abe Emmanuel kolawole, coordinator of the group made this known during a…
Electricity The Federal Government, on Monday, announced that the new price of natural gas for power generation companies is now $2.42 per metric million British thermal unit, higher than the previous rate of $2.18mmbtu. Nigeria generates over 70 per cent of its electricity from thermal power plants that are fired by gas. Therefore, the rise…
There was panic on Friday after a middle-aged man identified simply as AJ was found dead in his car at Mechanic Village in the Idimu area of Lagos State. Gathered that the deceased was attending the Good Friday service in a church located in the area when the incident happened. The late AJ, who was…
Director-General, Debt Management Office, Patience Oniha In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. This emerged as findings by Sunday PUNCH showed that 16 state governors also increased the debt profile of their states by N509.3bn with domestic and external debt of N243.95bn and $298.5m…
The Transmission Company of Nigeria says it has successfully restored the national power grid following its collapse at 4:28 pm on Thursday. TCN, in a statement on Friday, said the grid attained full recovery by 10 pm on the same day. However, the Eko Electricity Distribution Company said on Friday that it was able to…
