Customs To Distribute Seized Bags of Rice, Others Nationwide

The Nigeria Customs Service (NCS) says it is working to distribute some seized food items nationwide as the biting food crisis continues in the country. According to the National Public Relations, CSC Abdullahi Maiwada, the food items will be distributed after they are certified fit for human consumption. In a Tuesday statement, he said the move is “to alleviate the hardships faced by Nigerians and improve access to essential food items, the Nigeria Customs Service will facilitate the direct disposal of food items forfeited to the Federal Government. “These items…

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Tinubu Confirms Aso Villa’s N342m Electricity Debt, Orders Payment

President Bola Tinubu has directed the immediate settlement of N342m as an outstanding electricity bill due to the Abuja Electricity Distribution Company. The President’s directive follows the reconciliation of accounts between the State House Management and AEDC. On Monday, the AEDC said it will disconnect electricity in the Presidential Villa and 86 Federal Government Ministries, Departments, and Agencies over N47.20bn outstanding debts as of December 2023. The publication showed that the State House owed N923m in bills, a figure the Presidency refuted Tuesday. In a statement signed by President Bola…

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Baseless, Youth Alliance Reacts To SERAP Ultimatum To NNPCL

The Integrity Youth Alliance has said that SERAP’s threat to NNPC Limited by giving the company a 7-day ultimatum to account for missing $2.04 billion, or N164 billion, in oil revenues is baseless. Reacting to the threat by SERAP on Monday, the Board Chairman of Integrity Youth Alliance, Comrade Adewole Kehinde, said even though SERAP has never won a case in court despite its threat to several government institutions, they are bound to fail again with their latest threat to NNPC Limited. According to SERAP’s statement, citing the 2020 audited…

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Exchange Rate: NERC To Increase Price Of Prepaid Meters

The Nigerian Electricity Regulatory Commission (NERC) is considering increasing the price of prepaid meters once again. This consideration comes in response to the escalating production costs faced by meter manufacturers, according to sources familiar with the matter. Platforms Africa reported that the regulator may even go further than price increase and just allow market forces to determine the cost of meters. Currently, meter prices are determined by the regulator. Consideration for price increase These sources, who requested anonymity, revealed that manufacturers have ceased issuing invoices to Distribution Companies (Discos), in anticipation…

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Nigerian Govt Reopens Sahad Stores

The Federal Competition and Consumer Protection Commission, FCCPC, has reopened the head office of Sahad Supermarket, previously sealed for customer extortion and lack of transparency in price fixing. In a statement on Saturday in Abuja, the Acting Executive Vice Chairman of FCCPC, Dr Adamu Abdullahi, said the reopening followed a mutual understanding and commitment from the store to implement transparent pricing practices. According to him, the commission was aware that similar practices might be happening at other Fast-Moving Consumer Goods, FMCG, outlets nationwide. READ ALSO: JUST IN: Lagos Begins Full…

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It’s Fake, NAHCON Denies N24bn Hajj Subsidy

The National Hajj Commission of Nigeria has debunked rumours of a purported approval of the sum of N24,143,494,567.32bn, by the Presidency, to ‘offset the liabilities of 2023 Hajj carriers, resulting from foreign exchange rate variations’. The commission, in a statement issued on February 3, 2024, had announced final prices for the Hajj trip, quoting the sum of N4,899,000 for southern pilgrims; and N4,699,000 for pilgrims in the north; while pilgrims from Yola and Maiduguri centres were asked to pay a fee of N4,679,000 for the 2024 Hajj. However, in a…

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Nigeria Govt Seals Off Popular Sahad Stores For Hoarding, High Price

The Federal Competition and Consumer Protection Commission, FCCPC, has sealed Sahad Store, a popular supermarket in the Garki area of Abuja. The management of the supermarket was accused of shortchanging customers by charging prices other than the price tag on the shelves. The development came twenty-four hours after President Bola Tinubu unveiled plans to tackle factors responsible for the food crisis. READ ALSO: JUST IN: Tinubu Approves Immediate Upgrade Of LUTH, 15 Others BREAKING: NLC To Hold Two-Day Nationwide Protest Over Economic Hardship Mali, Niger, Burkina Faso To Form Confederation…

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Nigeria’s Inflation Hits 29.9% As Food Prices Soar 

The National Bureau of Statistics (NBS), has said the headline inflation rate increased year-on-year (YoY) by 0.98 percentage points to 29.9 per cent in January 2024 from 28.92 per cent in December 2023. The Bureau disclosed this in its Consumer Price Index, CPI, report for January 2024 on Thursday, noting that food inflation also increased to 35.41 per cent during the period from 33.93 per cent in December 2023. It said, “In January 2024, the headline inflation rate increased to 29.9 per cent relative to the December 2023 headline inflation…

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Nigeria Mulls Commodity Board To Curb Rising Food Prices

The Nigerian Government on Tuesday hinted at plans to establish a National Commodity Board to curtail the escalating food inflation in Nigeria. Vice President Kashim Shettima, who revealed the plan, said in tackling price volatility, the board will be empowered to “continually assess and regulate food prices, maintaining a strategic food reserve for stabilising prices of crucial grains and other food items.” Shettima said this when he declared open a two-day high-level strategic meeting on climate change, food systems, and resource mobilisation held at the Banquet Hall of the Presidential Villa,…

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NANNM Vows To Address Nurses’ Concerns On New Guidelines

The National Association of Nigeria Nurses and Midwives on Tuesday said it will stop at nothing to ensure that the concerns raised by its members are properly and promptly addressed. Nurses under the aegis of NANNM on Monday protested at the Nursing and Midwifery Council of Nigeria’s offices in Abuja and Lagos, respectively, to express their displeasure over what they described as an attempt to hinder their freedom to pursue career opportunities, asking the council to address nurses’ welfare, salary scale, shortage of staff, and other rights. READ ALSO: Police…

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