...news, reports, issues... about Lagos
The average ‘Band A’ customer in Nigeria will now need as much as N170,000 for electricity per month, instead of the average of N50,000 that they were paying before now. This follows the approval of a 240 per cent increase in the tariff of ‘Band A’ power customers from N66 per kilowatt hour (KwH) to […]
The Nigeria Police Force said its officers will no longer torture suspects whenever they are arrested and held in the custody. The Force Public Relations Officer, ACP Muyiwa Adejobi stated this in an interview on Channels Television on Tuesday. His comment comes after the report of arrest of some suspected killers of the Divisional Police […]
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 […]
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 […]
The naira began the new month on a bullish note, appreciating to N1,278.58 against the United States dollar from N1,309.39 per dollar recorded last week Thursday. This indicates an increase of N30.81 at the close of trading activity. According to data from FMDQ Securities, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market […]
The federal government is planning to almost triple energy prices within weeks, people in the presidency with knowledge of the matter have said, in a bid to attract new investment and slash about $2.3 billion spent to cap tariffs. Separate reports by Bloomberg and Reuters said power companies will be allowed to raise prices to […]
The impact of currency weakness on the Nigerian private sector was evident again in March as goods selling prices rose. However, the Stanbic IBTC Bank Purchasing Manager Index (PMI) remained unchanged at 51.0 in March, the joint-lowest in four months. The report stated that purchase costs rose at the sharpest rate on record, meaning companies […]
The National Information Technology Development Agency (NITDA) has warned that hackers are targeting the systems of both organisations and individuals to steal their sensitive information, including personal and confidential data. The attack is via a software called Info Stealer Malware, which has become increasingly rampant recently, the agency said in an advisory on Tuesday. The […]
Air Peace, Nigeria’s largest carrier has alerted passengers of fake website ‘www.flyairpeace.uk, which was created to defraud people. In a statement by Air Peace, it stated that the creators of the website used some of its brand collateral to design the fake website and presented it as the airline’s booking platform. “We would like to […]
Alarmed by the rise in suicides, mental health experts in Nigeria have warned that criminalising suicide attempts has blocked prevention efforts and created a blind spot for data collection, making it difficult to understand the scope of the problem as well as develop effective solutions. The Psychiatrists who spoke weekend also called for the amendment […]
