FG Directs NERC To Halt Implementation Of Reviewed Tariff

BusinessNewsNigeriaPowerFG Directs NERC To Halt Implementation Of Reviewed Tariff

Beloved John (Staff Writer)January 8, 2021

The minister of power, Saleh Mamman on Thursday ordered the Nigerian Electricity Regulatory Commission (NERC) to stall implementation of the reviewed tariff. The commission had earlier approved an increase in electricity tariffs across the country. The minister in a statement said the tariff review will be on hold until the conclusion of the joint ad hoc committee’s work at the end of January. He mentioned that the government had initially subsidised the tariff of all...

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FG Directs Reversal of Electricity Tariff Adjustment

BusinessPowerFG Directs Reversal of Electricity Tariff Adjustment

PilotnewsJanuary 7, 2021

The Minister of Power, Mr. Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in Dec. 2020. Mr. Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja on Thursday. He said that the reversal to the old tariff was to promote a constructive conclusion of the dialogue with...

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SMEDAN Trains Over 10,000 Young Entrepreneurs in North East in 2020

BusinessEconomyNewsNigeriaSMEDAN Trains Over 10,000 Young Entrepreneurs in North East in 2020

PilotnewsJanuary 7, 2021

The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) trained more than 10, 000 young entrepreneurs in the North East region in 2020 on how to manage small businesses profitably. Mr. Isa Doguwa, the Zonal Coordinator, SMEDAN North East Region, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Bauchi. Doguwa said that compared to 2019, SMEDAN recorded huge success in terms of training and empowerment in the...

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Again, FG Increases Electricity Tariff, Breaks Agreement with Labour

BusinessNewsNigeriaPowerAgain, FG Increases Electricity Tariff, Breaks Agreement with Labour

Bada Yusuf Amoo (Correspondent)January 5, 2021

The Federal Government has again increased the electricity tariff that power consumers across the country are expected to be paying. The new hike in the electricity tariff was approved by the Nigerian Electricity Regulatory Commission (NERC). The increase varies. It was based on different consumer classes and took effect from January 1, 2021. The tariff hike was announced by the NERC in its December 2020 minor review of the Multi-Year Tariff Order (MYTO) and Minimum...

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Former Vice President Atiku Accuses Buhari’s Government. of Destroying his ‘Legitimate Business

BusinessNewsNigeriaPoliticsFormer Vice President Atiku Accuses Buhari’s Government. of Destroying his ‘Legitimate Business

Hassan Umar Shallpella (Regional Correspondent)January 4, 2021

Former Vice President, Atiku sold off his shares in Integrated Logistics Services Limited(Intels) accused Buhari’s led government of destroying his ‘legitimate business. Former Vice President, Atiku Abubakar has sold off his shares in Integrated Logistics Services Limited (Intels), just as he accused President Muhammadu Buhari’s led government of destroying his ‘legitimate business that employed thousands of Nigerians. Founded in 1982 as Nicotes Services Ltd, Intels Nigeria Limited is regarded as Nigeria’s largest logistics company. In...

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African Nations Begin Trading Under AfCFTA Pact

AfricaBusinessEconomyNewsAfrican Nations Begin Trading Under AfCFTA Pact

PilotnewsJanuary 3, 2021

African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister Abiy Ahmed have congratulated Africans for starting trading under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional integration, where minds are open to ideas and markets are to trade. Trade defuses the most fraught relations and integrated markets generate prosperity.” South African President Ramaphosa said:...

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BusinessCrime & SecurityNewsNigeriaBoko Haram Activities Brought Shortage Of Meat In The Markets

Hassan Umar Shallpella (Regional Correspondent)January 2, 2021

The over decade-long Boko Haram insurgency in northeast Nigeria and Borno state, in particular, has contributed to economic backwardness of the region as Maiduguri Cattle Market which used to be one of the most beehive livestock markets in West Africa is now a ghost of itself. Though, recently the market has witnessed an upsurge in livestock supply from some displaced people rushing to dispose of their livestock and resettle in Maiduguri metropolis, the Borno State...

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African Continental Free Trade Area Agreement Comes into Effect January 1, 2021

AfricaBusinessMarketsNewsAfrican Continental Free Trade Area Agreement Comes into Effect January 1, 2021

PilotnewsJanuary 1, 2021

The African Continental Free Trade Area (AfCFTA) agreement comes into effect on January 1, 2021, but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that the official launch of the AfCFTA will take place at a virtue event which will be graced by the African Union (AU) Chairperson, South...

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Adamawa Impose Tax on Cattle To Generate N12. 1 Billion Revenue-Official

BusinessNewsNigeriaAdamawa Impose Tax on Cattle To Generate N12. 1 Billion Revenue-Official

Ibrahim Abdul' Aziz (Correspondent)December 31, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent _____ The Adamawa State government has again re-introduced payment of cattle-tax across the state to meet its pegged N12. 1 billion internally revenue profile in 2021, the state commissioner ministry of Finance and budget Dr. Ishaya John Dabari has said. The state has earlier budgeted over N140 billion to finance its recurrent and capital development programmes within the 2021 fiscal year.  Dabari who was speaking at a press briefing on...

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Retirements: Fidelity Bank Announces New Board Appointments

BusinessNewsNigeriaRetirements: Fidelity Bank Announces New Board Appointments

PilotnewsDecember 30, 2020

Fidelity Bank has announced the appointments of new board executives to replace outgoing directors who recently completed their tenure in accordance with the bank’s internal governance policies. Mr. Mustafa Chike-Obi, Chairman, Board of Directors of the bank, said in a statement made available to the News Agency of Nigeria (NAN) on Monday in Lagos. The statement listed the newly appointed board members to include Mrs. Amaka Onwughalu, Mr. Nelson Nweke, and Mr. Chinedu Okeke, as...

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