Tariff Hike Imminent As Nigeria’s Electricity Subsidy Hits N2.8 Trillion

INDICATION Shave emerged that the Federal Government may consider the request by power distribution companies (Discos) for review of tariff. This is coming as estimates showed that the spending on electricity subsidy has reached N2.8 trillion in seven years. A new report by the Nigerian Electricity Regulatory Commission (NERC), indicated that past hikes in electricity tariffs by the Discos saved the government from paying additional N1 trillion in subsidy to power firms annually. The July 2023 NERC report was titled, ‘Overview of the Nigeria Electricity Supply Industry.’ Providing an update…

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Nigeria’s Inflation Hit 22.79% In June

Nigeria’s headline inflation rate accelerated for the sixth consecutive time to 22.79 per cent in June 2023, according to data by the National Bureau of Statistics released Monday. The inflation rate in Africa’s biggest economy rose to a new 17-year high of 22.79 per cent in June 2023 from 22.41 per cent in the previous month. The NBS report read, “In June 2023, the Headline inflation rate rose to 22.79 per cent relative to May 2023 headline inflation rate, which was 22.41 per cent. Looking at the movement, the June…

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JUST IN: Kyari Takes Over As Acting APC Chairman, Confirms Adamu, Omisore’s Resignation

The resignation of the National Chairman of the All Progressives Congress, Senator Abdullahi Adamu and the National Secretary, Senator Iyiola Omisore was on Monday confirmed by the National Working Committee. Their resignation was announced on Monday during the NWC meeting chaired by Senator Abubakar Kyari. READ ALSO: Pay Victor Iwegbu’s N7.9m Rntitlement, Court Orders La Casera Company Lai Oso’s Death: Communication Scholarship Depleted Tobi Amusan Wins 100m Hurdles At Silesia Diamond League, Sets New Record Kyari also revealed that he has taken over as Acting Chairman while Deputy National Secretary,…

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Pay Victor Iwegbu’s N7.9m Rntitlement, Court Orders La Casera Company

The National Industrial Court, Lagos division has ordered a soft drink/beverage plant, La Casera Company Plc to pay a total sum of N7, 907, 709.50 million as entitlement to Victor Iwegbu, an ex-employee of the company. Justice Maureen. N. Esowe, made the above order and other orders in her judgement on July 11 in a suit marked NICN/LA/140/2021, filed by Iwegbu against the soft drink/beverage company. Iwegbu through his counsel, Wale Ogunade, had filed a legal action against the company over his indefinite suspension in 2013 on theft allegations READ…

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Lai Oso’s Death: Communication Scholarship Depleted

This piece is a difficult piece. The creative muse refused to cooperate; the words refused to flow; even the page seemed anaemic, and the pen at sometimes became rebellious. This obviously is not because I have lost my writing dexterity even when it’s been long I did something journalistic as this, perhaps because the sadness that enveloped my heart, the devastated position over the unimaginably sad reality that the subject of the piece; my great teacher, mentor, father, career confidant, boss, inspirer, motivator, benefactor, guardian and defender – Prof. Olaiwola…

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