The Minister of Works, David Umahi, has announced plans to enhance security measures on the Third Mainland Bridge in Lagos by installing closed-circuit television (CCTV) cameras and solar lights. This initiative aims to monitor and deter the activities of illegal miners who have been causing damage to the infrastructure. Umahi made this declaration during a routine inspection of several bridge projects in Lagos, including the Iddo Bridge, Carter Bridge, and the Third Mainland Bridge. He expressed satisfaction with the progress of work by Berger, the contractor responsible for these projects. “We have observed the commendable pace of work on the…
Author: Editor Francis
The Nigerian Electricity Regulatory Commission (NERC) has issued an order regarding the deregulation of meter prices under the Meter Asset Provider (MAP) Scheme. The decision comes after requests from Metre Asset Providers and other stakeholders for a review of metre prices due to significant changes in foreign exchange and inflation rates since the last price review in September 2023. Acknowledging the impact of these macroeconomic variables on metre providers’ ability to supply metres at the approved regulated price, NERC has approved the deregulation of metre prices effective May 1, 2024. This move aims to enable more efficient pricing of metres,…
In response to the prevailing fuel scarcity gripping the metropolis, authorities in Lagos have issued a stern appeal to fuel stations in possession of fuel reserves to ensure that queues of awaiting vehicles do not impede traffic flow. The Lagos State Ministry of Transportation, in a press statement , expressed deep concern over the disruption caused by vehicle queues at fuel stations, citing the adverse impact on both individual and corporate economic activities. While urging fuel station operators to maintain orderliness and prevent their patrons from obstructing traffic, the Ministry has cautioned that stringent measures will be taken against any…
A demonstration staged by a group of Kogi youths at the Economic and Financial Crimes Commission (EFCC) headquarters in Abuja was forcefully dispersed by EFCC operatives today, according to reports. The youths had assembled at the EFCC office in Jabi, Abuja, to voice their grievances over what they perceived as the unfair treatment of former Kogi State Governor Yahaya Bello by the anti-graft agency. However, their attempt to protest was met with resistance as EFCC officials intervened, dispersing the demonstrators. Video footage of the incident captured the moment when members of the Kogi Youth Coalition, leading the protest, were addressing…
The executive arm of the Lagos State government has formally announced its decision to designate the last week of September every year for the celebration of Yoruba culture. This decision comes in response to a resolution passed by the Lagos State House of Assembly during a sitting held on September 19, 2023. The decision was conveyed to the State Assembly through a letter dated April 8, 2024, signed by the Permanent Secretary of the Ministry of Tourism, Arts, and Culture. The letter, read by the Clerk of the House, Barr. Olalekan Onafeko, highlighted the government’s commitment to activating Yoruba cultural…
The Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on Monday, restrained Multi-Choice Nigeria Limited from increasing its tariffs and cost of products and services scheduled to begin on May 1. The three-member tribunal, presided over by Saratu Shafii, gave the interim order following an ex-parte motion moved by Ejiro Awaritoma, counsel for the applicant, Festus Onifade. The tribunal, in a ruling, restrained Multi-Choice from going ahead with impending price increase schedule to take effect from May 1, pending the hearing and determination of the motion on notice filed before it. “The 1st defendant is hereby restrained from taking…
Edo State Governor Godwin Obaseki has declared a significant wage boost for state workers, elevating the minimum wage from N40,000 to N70,000. The governor unveiled this development during the grand opening of the state-of-the-art Labour House secretariat complex, situated along Temboga Road in Ikpoba-Hill, Benin City. This move underscores the administration’s dedication to enhancing the welfare of workers and fortifying the labor union infrastructure in Edo State.
The Joint Admissions and Matriculation Board (JAMB) has announced the release of the 2024 Unified Tertiary Matriculation Examination results. Prof. Ishaq Oloyede, the Registrar of the Board, disclosed this during a press briefing held in Bwari, Abuja. Out of the 1,904,189 candidates who participated in the examination, the results of 64,624 have been withheld pending further investigation by the Board. This decision was made due to concerns regarding verification, procedural issues, and alleged examination misconduct. A total of 1,989,668 candidates registered for the 2024 UTME, including those from foreign centres. However, 80,810 candidates were marked as absent during the examination…
The Nigeria Inter-Bank Settlement System (NIBSS) revealed that financial institutions in the country experienced a staggering loss of N17.67 billion to fraudulent activities throughout 2023. This disclosure came through NIBSS’s recently published Annual Fraud Landscape report, covering the period from January to December 2023. Established in 1993, NIBSS facilitates same-day clearing and settlement of inter-bank transfers and payments, serving as a crucial mechanism within Nigeria’s financial infrastructure. Despite a six per cent decrease in the number of reported fraud cases, the actual financial loss due to fraud surged by 23 per cent compared to the previous year. Notably, the first…
The Independent Petroleum Marketers Association of Nigeria, IPMAN, said yesterday that the petrol scarcity currently spreading to more states across the country will take at least two weeks to normalise. This is even as the Nigerian National Petroleum Company Limited, NPCL insisted yesterday that it has adequate stock of the product. However, the Public Relations Officer of IPMAN, Chinedu Ukadike, said the product is not available in the country. He said it has become a bit of a challenge to source the product because most refineries in Europe are undergoing turnaround maintenance. ‘Importation bottlenecks behind scarcity’ Ukadike also blamed the…
Vice President Kashim Shettima embarked from Abuja yesterday to represent President Bola Ahmed Tinubu at the pivotal International Development Association (IDA21) Heads of State Summit happening today in Nairobi, Kenya. The summit, convened by Kenyan President William Ruto, aims to rally African leaders towards advocating for a robust replenishment of the World Bank’s International Development Association (IDA) concessional lending arm. According to a statement released by Shettima’s media aide, Stanley Nkwocha, Shettima will play a key role in championing Nigeria’s vision for an impactful IDA21 financing package, aimed at catalyzing development across the continent between 2024 and 2026. The draft…
Former spokesperson for the 2023 PDP presidential candidate, Atiku Abubakar, Daniel Bwala, recently met with President Bola Tinubu in Riyadh, Saudi Arabia. Bwala shared the encounter on his official X page, expressing delight at the opportunity. President Tinubu reportedly presented a comprehensive agenda for Nigeria and global collaboration at the World Economic Forum in Riyadh. Further details to follow.