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The Nigerian Electricity Regulatory Commission (NERC) on Wednesday served notices to eight electricity distribution companies (DISCOs) of its intention to revoke their operational licences if they fail within 60 days to remedy alleged ‘breaches of the terms and conditions of their power purchase agreements’.
The Chief Executive officer of FSDH Merchant Bank Limited, Hamda Ambah, has said the government must provide palliative measures for the masses to guarantee the success of the deregulation of the downstream oil and gas sector, which will lead to the removal of fuel subsidy.
Ikeja Electric has dismissed insinuations that it increased electricity tariff to prepaid meters residents in Magodo Estate, without any prior agreement.
The declining fortune of the naira in the Investors and Exporters (I&E) window is expected to continue this week even as the Central Bank of Nigeria (CBN), in a bid to defend the nation’s currency injected $540 million into the window in July.g
The volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the foreign exchange market rose sharply by 38 percent, month-on-month, to $4.12 billion in July from $2.9 billion in June, 2019.
The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets.
A man identified as Okiki Akintola, 50, and his son Mohammed, 22, have been arraigned before an Ikorodu Magistrates’ Court for alleged assault on an employee of Ikeja Electric (IE).
Electricity Distribution Companies, Ikeja Electric Plc (IE) has reiterated the commitment of the company to the safety of its staff across its network area.
An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.
The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) monetary policy and intervention in critical sectors in the economy.
The Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term in office.
Ikeja Electric Plc (IE) says it has commenced electronic tagging of electricity poles across its network to optimize operations through adequate maintenance of installations and reduction of downtime.
Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.
As parts of its strategy to reduce work place accidents, Ikeja Electric Plc (IE) has launched a professional Quality Health, Safety and Environment Academy (QHSE) tagged i-Empower, to deepen its culture of safety among employees.
Ikeja Electric Plc (IE) says it has launched a professional Quality Health, Safety and Environment Academy (QHSE) tagged: “i-Empower” to deepen the culture of safety among its employees.
The Senate is working toward harmonising all the regulations on electricity theft and tampering, which are scattered in several other regulations, into a single bill.
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Udinese defender William Troost-Ekong says he is enjoying the competition in the Super Eagles camp, ahead of other challenges in his club.
The Federal High Court, Abuja, on Wednesday, adjourned till November 20 for the Police Service Commission to respond to the Attorney-General of the Federation’s counter-affidavit in a suit to stop the recruitment of 10, 000 police officers.
Russia's Embassy to Washington says it has lodged a formal diplomatic protest after Israel extradited a Russian national to the United States, where he is suspected of stealing more than $20 million from U.S. consumers through credit card fraud.
Bolivian ex-president Evo Morales jetted off to exile in Mexico Tuesday in a bizarre flight full of detours that traced the shifting political map of a Latin America racked by crises.
The All Progressives Congress (APC) in Kogi State has accused the governorship candidate of the Social Democratic Party (SDP), Natasha Akpoti, of faking the reported attack on her on Tuesday in Lokoja.
Liverpool’s Trent Alexander-Arnold admits to concern over handball VAR incident against Manchester City
Trent Alexander-Arnold had the threat of a VAR check in the back of his mind after the ball struck his arm in the build-up to Liverpool’s opening goal against Manchester City on Sunday, but his focus remained on the task at hand.
Paul Pogba is reportedly keen to return to Juventus next summer after failing to seal a dream switch to Real Madrid.
Senator Abiodun Olujimi, former senate minority leader, on Thursday, said her victory at the appeal court over Dayo Adeyeye, former spokesman of the senate, is a product of God’s grace.
Vice Presidential Candidate of the Peoples Democratic Party (PDP) during the 2019 elections, Peter Obi, has joined in mourning former Minister of Petroleum resources, Prof. Tam David-West, describing his passage as “painful”.
Some rice traders at Ota in Ogun on Friday attributed the current hike in the price of local rice to unregulated activities of middlemen distributing the commodity across the country.