Day: April 4, 2024

Two bag 450-hour community service for drug dealing in Lagos

The Federal High Court in Lagos on Wednesday convicted and sentenced a 45-year-old businesswoman, Josephine Okpai, to 200 hours of community service for unlawful dealing in 1.3kg of cannabis sativa. Also sentenced was a 44-year-old fashion designer, Waheed Olayiwola, who bagged 250 hours of community service for selling 145kg of hard drugs. While pleading for […]

Manufacturers, labour fume over 240% electricity tariff hike for Band A customers

In a move sparking immediate backlash, the Nigerian government, through the Nigerian Electricity Regulatory Commission (NERC), announced a significant increase in electricity tariffs for Band A customers. This category, representing roughly 15% of the nation’s power users and promised up to 20 hours of daily supply, will now pay N225 per kilowatt-hour (kWh), a staggering 240% jump from […]

New electricity tariff to reduce 2024 subsidies by N1.14 trillion-NERC

The Nigerian Electricity Regulatory Commission (NERC) has said that with the newly approved tariffs, subsidies for 2024 are expected to reduce by about N1.14 trillion. According to a statement issued by the management of the Commission on Wednesday, the tariff review was in furtherance of the Federal government’s realignment of the subsidy regime. The Commission, in January […]

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