April 2024 - Page 7 of 14

Nigeria Needs N3.2trn Subsidy To Reverse Electricity Tariff Hike-NERC

Mohammed Shosanya Nigerian government would need N3.2 trillion to subsidise electricity in 2024 if the recent increase in electricity tariff is to be reversed,the Chairman of the Nigeria Electricity Regulatory Commission (NERC),Sanusi

April 19, 2024

Power

Demolition Of Yoruba Nation Agitators ‘ Buildings In Order,Oyo Govt Insists

Mohammed Shosanya Oyo state government has on Thursday justified its actions over demolition of building allegedly belonged to the Yoruba Nation agitators. The state’s Commissioner for Lands, Housing, Survey and Urban Development,

April 18, 2024

News

JAMB To CBT Owners:Arrest Any Parent Found Near Examination Hall

Mohammed Shosanya The Joint Admissions and Matriculation Board (JAMB) has directed all Computer-Based Test (CBT) centre owners to arrest any parent, found near any of their facilities during the 2024 UTME exercise.

April 18, 2024

Education

Alleged 4bn Fraud:Court Orders Trial Of Ex-Anambra Gov, Obiano

Mohammed Shosanya A Federal High Court in Abuja,Thursday, ordered that a former Governor of Anambra state, Willie Obiano, must face trial in the alleged N4billion criminal charge preferred against him by the

April 18, 2024

Law/Human Rights

Cheating: FCCPC Shuts 4U Supermarket In Abuja

Mohammed Shosanya The Federal Competition and Consuner Protection Commission(FCCPC),has shut 4U Supermarket located in Ademola Adetukunbo Crescent, Wuse 2, Abuja, over unfair practices discovered in the supermarket. The enforcement team from FCCPC,who

April 18, 2024

News·Nigeria News

CBN Slashes Loan-To-Deposit Ratio To 50%

Mohammed Shosanya The Central Bank of Nigeria, CBN has reduced the Loan to Deposit Ratio, LDR of banks to 50 per cent from 65 percent. The reduction was announced through a circular

April 18, 2024

Banking&Finance·Business

NUPRC Assures Investors Of Robust Regulatory Environment

Mohammed Shosanya Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Wednesday,assured a robust regulatory environment for all players in the gas sector. He also highlighted the benefits all stakeholders stand to gain through

April 18, 2024

Oil&Gas

TCN Moves To Stop Grid Collapses With Generation Loss Detection System

Mohammed Shosanya The Transmission Company of Nigeria,TCN,has deployed the Generation Dip/Loss Detection System (GLDS),which plays a pivotal role in detecting and responding to sudden drops or dips in power generation across the

April 17, 2024

Power

Increased Oil Exploration,Production Best Way To Fix Nigeria’s Economy,Says Minister

Mohammed Shosanya Minister of State for Petroleum Resources (Oil),Heineken Lokpobiri,has said that the quickest way for the country to overcome the current economic hardship is through the exploration and production of oil

April 17, 2024

Oil&Gas

Increased Oil Exploration,Production Best Way To Fix Nigeria’s Economy,Says Minister

Mohammed Shosanya Minister of State for Petroleum Resources (Oil),Heineken Lokpobiri,has said that the quickest way for the country to overcome the current economic hardship is through the exploration and production of oil

April 17, 2024

Oil&Gas

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April 2024 - Page 7

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