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The Nigerian Electricity Regulatory Commission (NERC) has approved a 40% increase in the prices of electricity meters, following a previous review in November 2021 that raised costs by 30%. The price hike, based on changes in macroeconomic indicators, has drawn criticism for its potential impact on the struggling working class and poor citizens. This article argues for measures to address the metering gap without burdening consumers and calls on NERC to prioritize the needs of the population.
Warri Urban Security Network (WUSN) has urged the opposing parties to exercise restraint and put a stop to the ongoing campaign against the list of Iwere Host Community Trust submitted by the Olu of Warri. The group believes that the decision is in the best interest of the kingdom and should be applauded. They are calling on the Delta state Governor to intervene before the situation escalates into violence. WUSN condemns the protests and occupation of the premises of IOCs and calls for an end to the demonstration.
Warri Urban Security Network (WUSN) calls on those opposed to the list of members of Iwere Host Community Trust submitted by Olu of Warri to withdraw their protests. WUSN believes the decision is in the overall best interest of the Warri Kingdom and urges the Delta state governor to mediate. They emphasize that the trust incorporation into the Iwere Development Master Plan promotes the advancement of the kingdom and should be applauded.
The Nigerian Exchange Limited (NGX) reported a significant increase in investments in the stock market this week, with the financial services sector leading the way. This article provides an overview of the investment figures, the top-performing sectors, and highlights the top gainers and losers of the week.
The Nigeria Academy of Pharmacy (NAPHARM) recently inducted 14 new fellows in recognition of their contributions to pharmaceutical sciences. The induction ceremony, held at the University of Lagos, highlighted the country's commitment to advancing research and development in the field. The guest speaker emphasized the need for a sustainable healthcare system and increased investment in pharmaceutical R&D, while the NAPHARM President called on pharmacists to play a more strategic role in drug discovery and traditional medicine. This article explores the importance of these inductions and the call for boosting pharmaceutical exports in Nigeria.
Dr. Paschal Arinzechukwu Agbodike, the member representing Ihiala Federal Constituency in the National Assembly, highlights the investment opportunities in Anambra State and commends the efforts of Governor Soludo in enhancing economic growth, job creation, and attracting business investors. This article explores the state's progress and calls on Nigerians to take advantage of the favorable investment climate.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, expressed deep disappointment over the significant contract sum variation of the Ushafa-Bwari road project. He vowed that his administration would not accept such practices and will seek to overhaul the engineering service within the FCDA. This article provides an overview of the Minister's concerns and highlights the need for better accountability in project execution.
All international airlines operating from the old terminal of Murtala Muhammed International Airport (MMIA), Lagos have successfully relocated to the new Chinese terminal. This move comes as part of the ongoing rehabilitation efforts by the Federal Airport Authority of Nigeria (FAAN). Passengers and stakeholders experienced some inconveniences during the transition, but FAAN assures everyone that measures are in place to ensure a seamless process for travelers.
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has revealed that the Millennium Tower project is set to be completed within a two-year timeframe. Wike emphasized the importance of proper funding and the introduction of an Internal Sustainable Project Office (ISPO) to ensure progress and payment transparency. The project signifies a commitment to infrastructural development in the FCT.
BUA Cement Plc has announced the approval of a dividend payment of N94.8 billion for the financial year ending December 2022. The announcement was made during the company's 7th Annual General Meeting, where the unaudited Q2 2023 financial results were also revealed. BUA Cement Plc reported a significant increase in profit before tax and profit after tax, showcasing its strong performance in the cement industry. The company's earnings per share for the quarter also showed remarkable growth. The AGM also saw the cancellation of unissued shares and the re-election of non-executive directors.
The Minister of the Federal Capital Territory has expressed concern over the alarming rate of contract variations in the territory. He plans to prioritize and fund ten projects as part of measures to address the issue of abandoned and uncompleted projects. This article discusses the Minister's plans to overhaul the system and ensure project completion.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has expressed his rejection of the consistent variations in the contract amount for the Ushafa-Bwari Road project. He finds it embarrassing and unacceptable, stating that the project will not be completed until the outstanding payment is settled. Additionally, Wike expressed his displeasure with the Federal Capital Development Authority (FCDA) for the numerous variations in project costs. He demanded an overhaul of the engineering services and vowed to reject further contract variations.
The Nigerian Electricity Regulation Commission (NERC) has announced plans to set up call centres to enhance the resolution of complaints filed by customers with Distribution Companies (DisCos). This move follows feedback from dissatisfied customers regarding the slow pace of complaint resolution by DisCos. The establishment of call centres will provide real-time visibility of customer complaints and enable better monitoring of service quality and delivery by DisCos.
The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has rejected the constant variations in the contract cost of the Ushafa - Bwari Road project. Wike expressed his displeasure with the consistent increase in the contract amount, calling it "very embarrassing." He also criticized the Federal Capital Development Authority (FCDA) for the numerous variations in other contract amounts. The minister vowed not to accept any further variations and vowed to overhaul the engineering services involved. Additionally, Wike visited the Lower Usuma Dam Water Works rehabilitation and expressed dissatisfaction with the project's delivery.
Nigerian experts in the solid minerals sector will soon travel to Australia for additional studies, following an agreement reached by the Minister of Solid Minerals, Mr. Oladele Alake, and his Australian counterpart. The initiative aims to leverage Australia's expertise and knowledge in the mining industry to further develop Nigeria's mining sector. The Nigerian government has launched a roadmap to attract foreign direct investment and transform the sector, including investments in big data on minerals and joint venture agreements with multinationals. The Australian government has expressed its willingness to support the transfer of knowledge and skills and sponsor mining experts to visit Nigeria.
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