Day: May 10, 2024

Why We Appointed Gas Minister As NCDMB Governing Council Co-Chair – Tinubu

Ganiyu Amodu

President Bola Ahmed Tinubu has given reasons he appointed the minister of state for petroleum resources (gas), Ekperikpe Ekpo, as co-chairman, Co-Chairman of the Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB). Platforms Africa reports that before Ekpo’s appointment, his counterpart at the oil minister, Heineken Lokpobiri, has been the sole chairman of the council. Confirming Ekpo’s appointment, the President said through a statement issued by his aide that the appointment was “in line with his avowed commitment to establish a more efficient, targeted, and consistent approval…

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Metering: EKEDC Issues 2,000 Minimum Stock Mandate Order To MAP Vendors

Ganiyu Amodu

. ‘Reopening Metering portal, 4G-enabled meters for all.’ Full details of templates the utility firm released to customers on how prepaid meter backlog will be cleared   Ahead of the plan to re-launch its prepaid meter portal within the Meter Assets Providers (MAP) scheme, Eko Electricity Distribution Company (EKEDC) has implemented a new prerequisite stipulating that MAP vendors must have a minimum stock of 2,000 smart prepaid meters on hand before being authorized to sell and install meters for new customers. Mrs Rekhiat Momoh, Acting Managing Director/Chief Executive Officer of…

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Fubara Storms River Assembly, Hours After Factional Speaker Emerges

Abibat Babalola

A few hours after the emergence of another factional speaker in the Rivers State House of Assembly, the state governor, Siminalayi Fubara, yesterday visited the assembly quarters amid a threat of impeachment from the 27 lawmakers loyal to the FCT Minister, Nyesom Wike. Daily Trust reports that a four-member group of lawmakers loyal to the governor on Wednesday elected one of them, Victor Oko-Jumbo (Bonny State Constituency), as Speaker. He was elected 24 hours after Tony Okocha, Chairman of the Caretaker Committee of the All Progressives Congress (APC) in Rivers,…

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Nigerian Economic Summit Group Faults CBN On Cybersecurity Levy

Abibat Babalola

. Says Nigerians are still battling high food prices       The Nigerian Economic Summit Group (NESG) has faulted the timing of the introduction of the 0.5% cybersecurity levy on electronic transactions recently introduced by the Central Bank of Nigeria (CBN). In a statement on Thursday, NESG asked the Federal Government to reconsider the levy as Nigerians are currently groaning under multiple taxation and inflationary pressures. In a circular dated May 6, 2024 to all deposit money banks and mobile money operators and payment service providers, the apex bank…

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Emefiele: How CBN Officials Demanded $600k Bribe From Me – Contractor

Abibat Babalola

Victor Onyejiuwa, the managing director of The Source Computers Limited, has testified against Godwin Emefiele, former governor of the Central Bank of Nigeria (CBN), in the ongoing case of abuse of office at the Lagos high court. Emefiele and his co-defendant, Henry Omoile, are currently facing trial on a 26-count charge. The former CBN governor and Omoile pleaded not guilty to all the charges. At the court hearing on Thursday, the Economic and Financial Crimes Commission (EFCC) presented Onyejiuwa as the fourth witness in the case against Emefiele. Onyejiuwa told…

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