Nigerian Electricity Regulatory Commission Approves 300% Tariff Increase for Urban Consumers

In a significant development, the Nigerian Electricity Regulatory Commission (NERC) has authorized a substantial increase in electricity tariffs, raising them from N68 to N225 ($0.15) per kilowatt-hour. The decision, announced by Musiliu Oseni, the Vice Chairman of NERC, will come into effect on April 1, 2024, and will primarily target urban consumers, designated as Band…

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President Tinubu Establishes Economic Management Teams to Tackle Economic Challenges

In a strategic move aimed at addressing the prevailing economic challenges in Nigeria, President Bola Tinubu has approved the establishment of two key bodies: the Presidential Economic Coordination Council (PECC) and the Economic Management Team Emergency Taskforce (EET). These initiatives are poised to bolster the nation’s economic governance frameworks and enhance coordinated planning and implementation…

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Enugu State Gov. Signs Bill to Establish SUMAS Teaching Hospital in Nsukka Zone

In a significant move aimed at enhancing healthcare delivery and medical education in Enugu State, Governor Dr. Peter Mbah has officially signed the Enugu State University of Medical and Applied Sciences (SUMAS) Teaching Hospital Bill 2024 into law. The signing ceremony, held on Tuesday, marks a pivotal step towards the realization of a long-awaited promise…

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FG Suspends Expatriate Employment Levy

In response to widespread criticism and concerns raised by private sector groups, the Federal Government of Nigeria has decided to suspend the implementation of the recently enacted Expatriate Employment Levy. The decision comes after a successful Trade and Investment outreach led by President Bola Ahmed Tinubu in Qatar and subsequent meetings with key ministers. The…

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