Day: April 5, 2024

Navy Arrests 5, Intercepts 65,000 Litres Of Diesel In Lagos

The Nigerian Navy Ship (NNS) BEECROFT, on Wednesday, announced the discovery of an illegal fuel depot with 65,000 litres worth N500 million in Lagos.NNS, in a statement by the Base Information Officer, Lieutenant Hussein Ibrahim, said the leader of the syndicate, Ahmed Ariyo, alongside 4 other persons were arrested in a private apartment at 3 […]

NERC: Electricity Tariff Increase Would Reduce Grid Collapses, Enhance Supply

About 24 hours after raising the electricity tariff for premium customers by over 230 per cent, Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), Dr. Musiliu Oseni, yesterday, defended the decision, stressing that it will bolster electricity supply nationwide. Oseni insisted that the move will help reduce incidence of national grid collapses as well […]

N1.9bn fraud: Protesters ask Lagos Assembly to suspend Eti-Osa East LCDA boss

A group of protesters stormed Lagos House of Assembly with placards seeking the suspension of Mr John Ogundare, the chairman of Eti-Osa East Local Council Development Area (LCDA) over alleged misappropriation of N1.9billion. The leader of the protesters, identified as Mr Segun Williams said Ogundare was indicted by an investigative report of the local government’s […]

Tariff Hike: DisCos returning consumers to Band A following discrepancy

At the backdrop of a huge discrepancy between the number of feeders covered as Band A customers by electricity distribution companies (DisCos) and what was approved by the Nigeria Electricity Regulation Commission (NERC) the DisCos are now making moves to return some of the consumers to Band A to charge the new tariff. Vanguard learnt […]

Petrol queues return as subsidy backlog stifles supply

Motorists in some parts of Lagos faced a resurgence of petrol queues on Thursday as the Nigerian National Petroleum Company Ltd (NNPC) struggled to meet national demand due to a backlog of unpaid subsidies. The NNPC Ltd, which is the sole importer of petrol into the country, has been reliant on government subsidies to keep […]

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