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DisCos Apologise To Nigerians As Grid Collapse Disrupts Businesses

THE Electricity Distribution Companies, DisCos, have apologized to Nigerians, as instability occasioned by national power grid collapse, crippled operations in homes and businesses nationwide. Nigeria’s weak electricity grid collapsed again on Saturday morning throwing the country into a nationwide blackout. It is the third time the national power grid has …

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FG Plans five Per cent Tax on Telecoms Services, Others

THE Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part of a new bill to overhaul Nigeria’s tax framework. The bill, titled, “A Bill for an Act to Repeal Certain Acts on Taxation and Consolidate the Legal Frameworks relating to …

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FG Plans to Hand Over National Grid to Independent Operators

  THE Nigerian Electricity Regulatory Commission, NERC, said discussions were ongoing to transfer the management of the national grid to Independent System Operator in line with the provisions of the Electricity Act 2023 to engender more discipline in grid management. NERC also said that an explosion incident at the Jebba …

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FBN Holdings Propose Name Change At Upcoming AGM

  FBN Holdings PLC has announced a proposal to change its legal and brand name to First Holdco PLC at its forthcoming 12th Annual General Meeting (AGM), scheduled for November 14, 2024. This proposed rebranding, which will also extend to its subsidiaries, is part of a series of special resolutions …

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NAFDAC Workers Vow to Continue Strike

THE Medical and Health Workers Union of Nigeria (MHWUN) at the National Agency for Food and Drug Administration and Control (NAFDAC) has vowed to continue its ongoing strike until their demands are met. The chairman of the union, Adetoboye Ayodeji, made this known in Kaduna on Saturday, October 19, 2024. …

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UK Deports 44 Nigerians, Ghanaians

NO fewer than 44 Nigerians and Ghanaians were deported on Friday evening to their home countries on a single flight. According to the Home Office, the Nigeria and Ghana deportations were part of a “major surge” in immigration enforcement and returns, according to a report by the GUARDIAN. “We have …

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Tinubu Returns to Nigeria After a Two-week UK Vacation

PRESIDENT Bola Tinubu, on Saturday, October 19, 2024, returned to Nigeria after a two-week vacation in the United Kingdom. Tinubu, who left Nigeria for the UK on October 3, arrived at the presidential wing of the Nnamdi Azikiwe International Airport in Abuja on Saturday evening. The president was received by …

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