The Vice Chairman, Nigerian Electricity Regulatory Commission (NERC), Mr Musliu Oseni says the newly approved tariff is expected to reduce subsidies for the 2024 fiscal year by about N1.14 trillion. This in a statement released in Abuja on Wednesday, said that the Federal Government had indicated a transition in policy direction towards introducing a more targeted subsidy regime aimed at mitigating the impact of changes in macroeconomic parameters “With the newly approved tariffs, subsidies for...

Barrister Julius Abure, the national chairman of the Labour Party, LP, narrowly escaped a fire that engulfed his residence in Abuja early on Wednesday. The LP alleges the fire may have been a deliberate attempt on Abure’s life. According to a statement issued by the party’s national publicity secretary, Obiora Ifoh, the fire started shortly after 1:00 a.m. while Abure and his family were asleep. Neighbours and security personnel stationed at the compound raised the...