- Economy
Electricity Tariff: IKEDC lists Band A areas
By Adeola Ogunrinde The Ikeja Electricity Distribution Company has released the list of the areas within its coverage that are affected by the new electricity tariff. This is coming as the Nigerian Electricity Regulatory Commission (NERC) announced on Wednesday that electricity consumers under the Band A classification will now pay N225 for a kilowatt per hour (KW/h) instead of the…
Read More » - Economy
BREAKING: Binance Executive appears in Court over alleged money laundering
The head of financial crime compliance at Binance, Tigran Gambaryan, has arrived the Federal High Court in Abuja for arraignment over allegations of money laundering. On February 28, Gambaryan and Nadeem Anjarwalla, Binance’s regional managers for Africa, were detained by the Nigerian government. https://www.westernpost.ng/wp-content/uploads/2024/04/thecableng_270p_20240404_104530.mp4 Anjarwalla, however, escaped from detention after he was led to a nearby mosque for prayers.
Read More » - Economy
Why we increased electricity tariff- NERC
The vice president of the Nigeria Electricity Regulatory Commission (NERC), Musiliu Oseni, has explained the reasons behind the increase in electricity tariff for Band A customers. The increase, which was announced by NERC earlier on Wednesday, will see customers pay ₦225 kilowatts per hour, up from the current ₦66. Oseni while explaining this on Wednesday said that the Commission is…
Read More » - Politics
Rivers Crisis: Implementing presidential peace pact not a sign of weakness- Fubara
Rivers State Governor, Siminalayi Fubara, has warned that he will surprise those who consider his honest decision to implement the presidential peace pact as a sign of weakness. Governor Fubara said he had been inundated with several comments in the media about the implementation of the peace initiative, and had chosen to be silent out of maturity and wisdom. According…
Read More » - Homeland News
Maintain speed limits – LASTMA tells motorists, as 3rd Mainland Bridge sets to re-open
By Innocent Raphael The Lagos State Traffic Management Authority (LASTMA) has cautioned drivers to adhere to speed limits on the recently renovated Third Mainland Bridge, which connects the mainland to other parts of the state. General Manager of LASTMA, Olalekan Bakare Oki, issued this warning on Wednesday, during a briefing with officers responsible for patrolling the bridge. Bakare Oki emphasized…
Read More » - Crime & City Diary
Fake soldier arrested in Lagos
By Innocent Raphael The Lagos Police Command has confirmed the arrest of one Silas Dickson, for alleg6ed posing as an officer of the Nigerian Army. Spokesman for the Command, SP Benjamin Hundeyin! made this known in a terse post on his X handle on Wednesday. According to Hundeyin, the fake soldier aged 25 was arrested by soldiers of the 243…
Read More » - News from States
Court fines Ogun CP, 5 others N25m over unlawful detention
By Kolawole Olayinka, Abeokuta The Ogun State Commissioner of Police, CP Abiodun Alamutu and five others have been ordered to pay a N25 million fine as damages for the wrongful arrest and detention of one Sunday Mafe. The ruling was issued by a High Court in Ogun State, Abeokuta Judicial Division, on Tuesday. In the judgment delivered the same day,…
Read More » - Economy
Customs generates N1.3trn in Q1 2024
The Nigeria Customs Service (NCS) has generated N1.3 trillion in the first quarter of 2024. Speaking during a press briefing on Wednesday, the Comptroller General of Customs, Adewale Adeniyi, explained that over 572 seizures were made with a duty-paid value of N10bn. He said, “In the first quarter of 2024, the NCS demonstrated remarkable performance in revenue collection. Total revenue…
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Naira will rise once Dangote refinery starts- Omokri
By Innocent Raphael Social media activist, Reno Omokri, has encouraged Nigerians to exchange their dollars for naira. Omokri stated this in a post on his X handle, asserting that he believes once the Dangote refinery becomes operational, the naira will strengthen against the US dollar. Omokri also suggested that with the refinery in operation, Nigeria may halt fuel imports. He…
Read More » - Education
BREAKING: Tinubu signs 2024 student loan bill into law
President Bola Tinubu has signed the Student Loans (Access to Higher Education) Act (Repeal and Re-Enactment) Bill, 2024, into law. The bill signed into law is expected to provide loan for students in tertiary institutions without the financial capacity to complete the academic task with the aim of paying back after becoming fully employed. Tinubu appended his signature on the…
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