“Dispute Arises Between TCN and DISCOs Over Declining 20-Hour Supply Due to Tariff Increase”

– Band A Consumers Demand Downgrade Due to Under-Supply, Tariff Hike – Consumer Network Reports Ongoing Insufficiency in Electricity Supply PowerUp Nigeria Urges Government Awareness Campaigns for Consumers Following dissatisfaction among Band A consumers over the persistent under-supply of electricity by Distribution Companies (DisCos), several communities have sought to downgrade their band classification to Band…

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Trans-Niger Pipeline Issues Blamed for Q1’s Low Crude Oil Production, Says Petroleum Minister

Petroleum Minister Attributes Q1’s Low Crude Oil Production to Trans-Niger Pipeline Issues The Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has identified problems with the Trans-Niger pipeline and maintenance activities by certain oil companies as the primary reasons for the low crude oil production in the first quarter of the year. Assuring that…

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SERAP Calls on Tinubu to Reveal Nigeria’s Loan Deals Since 1999

SERAP Urges Tinubu to Disclose Nigeria’s Loan Agreements Since 1999 In a recent plea to President Bola Tinubu, the Socio-Economic Rights and Accountability Project (SERAP) has called for transparency regarding the loan agreements and expenditure particulars of loans secured by Nigeria’s previous administrations since May 1999. SERAP has urged Tinubu to instruct relevant government bodies…

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Federal Government Receives N835.7 Billion Revenue from MDAs in February

Ministers Reveal Major Increase in Revenue Remitted to Federal Government Nigeria’s Minister of Finance and Coordinating Minister of Economy, Wale Edun, has announced a significant surge in revenue remitted to the Federal Government by ministries, departments and agencies (MDAs) and government-owned enterprises (GOEs). In February 2024, these entities remitted a combined N835.7 billion to the…

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Nigeria Secures Remaining $1.05 Billion from Afrexim Bank’s Oil-Backed Loan Facility

Nigeria Secures Remaining $1.05 Billion from Afrexim Bank’s Oil-Backed Loan Nigeria is set to receive the remaining $1.05 billion from a $3.3 billion loan facility provided by the African Export-Import Bank (Afrexim Bank), backed by oil revenues. The disbursement of the balance is expected by the end of May, aimed at revitalizing the economy and…

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OPEC Reports Further Decline in Nigeria’s Oil Output to 1.23 Million Barrels Per Day

Here is my rewritten version of the report:Nigeria’s Crude Oil Production Continues Downward Spiral, Now at 1.23 Million Barrels Per Day Nigeria’s crude oil production has experienced its second consecutive monthly decline since the start of 2024, according to the latest Monthly Oil Market Report for April released by the Organization of Petroleum Exporting Countries…

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Electricity Tariff Could Decrease with Further Naira Rebound, Says Adelabu

Minister of Power, Adebayo Adelabu, discussed potential reductions in electricity tariffs during his appearance on Channel Television’s Politics Today. He indicated that the N225 per Kilowatt-Hour paid by Band A consumers could decrease if the exchange rate improves to below N1,000 to a dollar. This statement follows the Federal Government’s recent decision, announced through the…

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The Lagos State Government through the Lagos State Fire and Rescue Service has moved to enforce proper safety measures across all markets in the state

Lagos State Government is taking decisive action to enhance fire safety in markets across the state. This move comes in response to a recent fire outbreak at Dosunmu market on Lagos Island, prompting Governor Babajide Sanwo-Olu to conduct an on-the-spot assessment and issue directives for stringent safety measures. The Lagos State Fire and Rescue Service,…

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