Tag: others

EKEDC Excites Customers As 60/66MVA Transformer Energised For Bulk Supply

ADEOLA YUSUF

. “Ajah, VGC, Lekki, Eleko, others,” full list of areas to benefit from power transformer at the 330/132kV Ajah Transmission Substation . + What Momoh, Ukoh, Lasaki told customers on vandalism, extortion     The Eko Electricity Distribution Company (EKEDC) has assured customers in Ajah, VGC, Lekki, Eleko, Elemoro, and surrounding estates of improved bulk power supply, following the commissioning of a new 60/66 MVA 132/33KV power transformer at the 330/132kV Ajah Transmission Substation a crucial component of the Presidential Power Initiative (PPI). Platforms Africa reports that Mrs. Rekhiat Momoh,…

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‘You Can’t Force Us To Sell To Dangote, Others,’ Oil Producers Tell NNPCL

ADEOLA YUSUF

Oil producers under the aegis of the Independent Petroleum Producers Group have told the Nigerian National Petroleum Company Limited that they cannot be forced to sell their products to Dangote Petrochemical Refinery Company and other local refineries. The Chairman of IPPG, Abdulrazak Isa, made the position of the group known in a letter he signed dated August 16, 2024. The letter, addressed to the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission, Engr. Gbenga Komolafe, rather told the NNPCL to utilise its allocated 445,000 barrels of oil per…

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Reactivate All Barred Lines, NCC Orders MTN, Others

ADEOLA YUSUF

“Lines barred due to the NIN-SIM linkage’ll be reactivated for a limited period;” details of the order from NCC   The Nigeria Communications Commission (NCC) has ordered all telecom service providers to immediately reactivate all lines barred due to the NIN-SIM linkage. Platforms Africa reports that the Director Public Affairs of NCC, Reuben Muoka, who said this in a statement, maintained that the reactivation was for a limited period. Mouka said, “Over the weekend many telecom subscribers/consumers were unable to access their phone lines because of the inability of many…

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Data Breach: Govt slams N400m Fine On Four Banks, Others

ADEOLA YUSUF

The Nigeria Data Protection Commission has said more than 1000 financial institutions, schools, insurance companies, and consultancy firms are currently undergoing investigations for various degrees of breaches of citizens’ data. This was as the commission’s National Commissioner, Vincent Olatunji, revealed that four major banks and three other institutions faced sanctions and incurred fines totalling N400m for infractions relating to breaches of citizens’ data. Olatunji revealed this on Tuesday during an interactive session with journalists to mark the first anniversary of the signing into law of the Nigeria Data Protection Commission…

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Tax Reforms Panel Proposes 1% ‘Cost Of Collection’ For Customs, FIRS, NPA, Others

ADEOLA YUSUF

Should the Federal Government approve the slash in the cost of collection proposal by the Presidential Fiscal Policy and Tax Reform Committee, all revenue generating agencies will henceforth earn one per cent on the revenue they generate. The agencies that will be affected most are: the Federal Inland Revenue Service (FIRS), which receives four per cent as cost of collection; Nigeria Customs Service (NCS) seven per cent and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) five per cent. Chairman of the Presidential Fiscal Policy and Tax Reform Committee, Mr. Taiwo…

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Banks Close 2m Accounts Over BVN, NIN, Others

ADEOLA YUSUF

Commercial banks in Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number, NIN. This is contained in a report by the Nigerian Interbank Settlement System, NIBSS, which also indicated that the number of inactive bank accounts grew month-on-month, MoM, by four million or 2.0 per cent to 19.7 million in March 2024 from 19.3 million in the previous month, February. A bank account…

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NDLEA Arrests Illicit Drugs Syndicates, Seizes 44.9 Tonnes Of Cocaine, Others

ADEOLA YUSUF

In a major crackdown on illicit drug trafficking, the National Drug Law Enforcement Agency (NDLEA) has apprehended several syndicates and seized a staggering 44.9 tonnes of cocaine along with other narcotics. The operation, which marks a significant victory in the fight against drug smuggling, underscores the agency’s unwavering commitment to combatting the scourge of narcotics trafficking in the country. The seized contraband, including cocaine and other illicit substances, represents a substantial blow to organized crime networks involved in drug trafficking and distribution. READ ALSO: Bill Wants Govt Officials’ Children To…

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Forex Crisis: Nigerian Govt Blocks Binance, Coinbase, Others

ADEOLA YUSUF

The Nigerian government has ordered internet service providers to block access to the websites and apps of major cryptocurrency trading platforms including Binance, Coinbase, and Kraken. Authorities said the move aims to crack down on the alleged use of these platforms by currency speculators and money launderers to manipulate the foreign exchange market and facilitate illicit fund flows, further weakening the struggling Nigerian naira. Sources at major telecommunication firms said they received directives from the Nigerian Communications Commission (NCC) on Wednesday evening to implement the blockade of Binance, ForexTime, OctaFX,…

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Canada Slams New Work Restrictions On Nigerians, Spouses, Others

ADEOLA YUSUF

The Canadian Government has announced a two-year cap on the number of new study permits issued to Nigerians and other international students. Immigration Minister Marc Miller who disclosed this on Monday, January 22, said for 2024, the cap is expected to result in approximately 364,000 approved study permits, a decrease of 35% from 2023. In addition to the cap, the Canadian government will also require international students applying for a permit to provide an attestation letter from a province or territory. Miller also announced changes to the post-graduation work permit…

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President Tinubu Suspends N-Power, School Feeding, Others

ADEOLA YUSUF

President Bola Tinubu has suspended all administered Social Investment Programmes by the National Social Investment Programme Agency. Announcing the suspension in a statement on Friday, the Director Information, Secretary to the Government of the Federation, Segun Imohiosen, said the President’s decision was in view of the “ongoing investigation of alleged malfeasance in the management of the agency and its programmes.” “All four programmes administered by NSIPA, viz; N- Power Programme, Conditional Cash Transfer Programme, Government Enterprise and Empowerment Programme and Home Grown School Feeding Programme have been suspended for a…

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