Customers

This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output cuts despite rising crude prices was influenced by events in an unexpected place - Italy.

The Nigerian Electricity Regulatory Commission (NERC) has mandated the electricity Distribution Companies (DisCos) to replace faulty and obsolete meters for their customers.

Financial experts who participated at the Nigeria Finance virtual forum, which held on Tuesday, have stressed the need for collaboration between fintech developers, the banks and the financial institution regulator, in order for Nigeria to develop and provide affordable digital payment solutions to customers.

The spokesperson of the airline, Stanley Olisa, who disclosed this, stated that the Lagos-Accra flight will depart daily at 07:00hrs while the Accra-Lagos flight will depart at 07:40hrs.

The Port Harcourt Electricity Distribution Company (PHED) says it has introduced a new electronic billing system to make payment of electricity bills easy for customers in four states in its franchise area.

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for 2020, recording a revenue of $530.5 million.

The Enugu Electricity Distribution Company has decried poor payment culture by its post-paid customers in the South-East despite the steady electricity supply improvement.

The Federal Government on Sunday began the evacuation of shanties, illegal structures encroaching on its Right of Way (RoW) following the expiration of the ultimatum issued by the Minister of Works and Housing, Mr Babatunde Fashola.

Ikeja Electric (IE) Plc says all unmetered customers under its business unit, have now been scheduled for metering under the National Mass Metering Programme (NMMP).

The Nigeria Electricity Regulatory Commission, NERC, says a total of 611,231 meters were deployed across the country as of January 31 under the Meter Assets Provider (MAP) initiative of the federal government.

The Vice President Yemi Osinbajo has said that the country needs to regulate cryptocurrency, instead of the prohibition put in place by the Central Bank of Nigeria (CBN).

Following the increasing level of insecurity compounded by the recent clash between the Hausa and Yoruba traders in Shasha market in Akinyele Local Government Area of Oyo State, the traders have threatened to close their shops against their customers.

Hyundai is finally recalling some 76,000 Kona EVs built between 2018 and 2020 after more than a dozen reported fires related to the electric SUV’s battery pack. It’s the second recall of the Kona EV, but the first global recall, and it will cost Hyundai around $900 million to perform.

In a statement on Wednesday, Ibrahim Shawai, KEDCO’s head of corporate communications, said the information will be treated with confidentiality and the whistleblower will get five percent of what the defaulters are charged.

The Nigerian Electricity Regulatory Commission (NERC) says 4,234,759 electricity consumers were metered as of June 2020, out of the 10,516,090 that registered for meters.

The National Drug Law Enforcement Agency (NDLEA) has announced the interception of a container load of Tramadol at the Apapa seaport in Lagos, just as 90 persons including an Indian were caught in its dragnet during raids of some drug cartels in parts of Lagos where a total of 614.396 kilograms of various hard drugs were reportedly seized.

Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.

With N9.4 billion paid to stakeholders, including service providers, approval by the Federal Executive Council (FEC), and with 31 states to cover, the Minister of Information and Culture, Alhaji Lai Mohammed, has said the federal government has no more excuses for not rapidly rolling out the Digital Switch Over (DSO).

The Cross River State Police Command has rescued an 81-year-old Monarch who was whisked away from his house at Ambo by Idang in the Calabar South Local government area late Monday night.

A petitioner, Timothy Ogbeye, on Monday slumped while narrating his ordeal before the National Human Rights Commission (NHRC) panel.

The management of the Niger Delta Power Holding Company, NDPHC, has disclosed that the company has entered a bilateral agreement with the Republic of Togo to supply the country with 70 Megawatt, MW, of electricity under the Power Purchase Agreement, PPA.

The revenue represented an increase of 4.3 per cent compared with N323 billion recorded in the corresponding period of 2019.