The Nigerian Electricity Regulatory Commission (NERC) has made a significant decision to raise electricity tariffs, impacting customers in the Band A category. This announcement, made during a press briefing in Abuja by the Vice Chairman of Nigerian Electricity Regulatory Commission (NERC), Musliu Oseni, marks a notable shift in pricing structure. The decision to implement this…
The Nigeria Police Force reiterates its unwavering commitment to combatting the detrimental phenomenon of jungle justice, underscoring its detrimental impact on the efficacy of the legal system. Jungle justice, characterized by mob-driven extrajudicial retribution, poses a significant threat to the rule of law and undermines the principles of justice and fairness. By forcefully condemning this…
The Minister of Aviation and Aerospace Development, Festus Keyamo, has announced the government’s proactive measures to support Nigerian airlines in overcoming challenges hindering their international operations.Minister Festus Keyamo emphasized the commitment of the government to assist domestic airlines in securing competitive long-term aircraft leases and reducing operational costs. These efforts are aimed at fostering a…
In a notable event on March 30th, 2024, Lt Gen Taoreed Abiodun Lagbaja, Chief of Army Staff (COAS), underscores the pivotal role of Civil-Military Cooperation (CIMIC) projects in the Nigerian Army’s multifaceted approach to addressing security challenges. Commissioning projects within Sokoto South Local Government Area, the COAS champions the integration of community participation as a…
The Presidency, through Mr. Bayo Onanuga, has reiterated its commitment to governance, stating that their attention remains squarely on the task of governing the nation. Despite the growing discourse around Peter Obi and the “Obidient movement,” the administration maintains that it is not currently prioritizing or concerning itself with these matters. This stance underscores the…
The Nigerian Air Force (NAF) has escalated its efforts in combating terrorism by intensifying air strikes on terrorist hideouts, aiming to ensure the safety of civilians within the region. The recent air strikes targeted ALHAJI LAWALI DUMBULU CAMP 1 in Birnin Magaji Local Government Area (LGA) of Zamfara State, employing precision and efficacy to neutralize…
Nigerian Economists reveal, the recent uptick in the value of the Nigerian naira relative to the US dollar has prompted economic analysts to delve into the potential ramifications for consumers, particularly regarding food prices. However, cautionary sentiments prevail among experts who suggest that this currency fluctuation may not directly translate into immediate relief at the…
The acting Rector of the Nigerian College of Aviation Technology, NCAT, Zaria, Shaka Imaglighwe , disclosed a concerning revelation during an inquiry into the sale of two helicopters. Imalighwe confirmed that the institution lacks helicopters designated for training purposes. This revelation sheds light on a critical deficiency within the college’s infrastructure, potentially impacting the quality…
In a bid to fortify the resilience of Nigeria’s banking sector amidst prevailing macroeconomic challenges, the Central Bank of Nigeria (CBN) has declared an increase in the minimum capital requirements for commercial, merchant, and non-interest banks. The move, as elucidated by Haruna Mustafa, director of the financial policy and regulation department, aims to bolster the…
The reduction in air ticket prices in Nigeria can be attributed to the notable decrease in the International Air Transport Association (IATA) rate for ticket sales. Previously standing at nearly N1,800 per US dollar, the IATA rate has now dropped to N1,468 per US dollar as of Tuesday. This shift in the IATA rate has…
