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The Nigerian Electricity Regulatory Commission (NERC) has cleared the air over raging controversy over reported hike electricity tariff by over 50 per cent. According to the electricity regulatory body, the rates for service bands A, B, C, D and E were insignificantly adjusted by NGN2.00 to NGN4.00 per kWhr. The Commission in a statement by…
January 5, 2021
As Nigerians grapple with the initial increase in the cost of electricity tariffs, the Nigerian Electricity Regulatory Commission (NERC) has yet again raised the tariffs by 50% across the country. The new directive issued and signed by Sanusi Garba, NERC chairman was dated December 30, 2020. It took effect from January 1, though many Nigerians…
January 5, 2021
Canada, Sweden, Australia, Italy, UAE, Egypt ranked Among Top 30 countries  Nigeria, Ethiopia, Oman, Angola, Bangladesh, Mynamar tipped Among  top 80 An international survey which ranks various countries of the World based on key thematic strengths has come up with a verdict that the United States has retained its position as the most powerful country…
January 5, 2021
FCMB Records 10% Drop in Morning Trading but stood at 6% in the Evening... In a seeming dramatic move, Nigeria’s leading tier-2 bank, First City Monument Bank (FCMB) recorded significant losses at the first trading session of 2021 at the Nigeria Stock Exchange (NSE). The New Diplomat's early morning checks show that NSE reports indicate…
January 5, 2021
The Special Public Works Programme of the Federal Government is set to kick off across the country, according to Minister of State for Labour and Employment, Chief Festus Keyamo. This is coming on the heels of several postponements. The minister said the programme whose goal is to help engage about 774,000 unemployed Nigerians is scheduled…
January 4, 2021
The Federal Government has approved a replacement policy for subscribers whose Subscribers Identification Module (SIM) may have been lost, stolen, misplaced or damaged. Dr. Ikechukwu Adinde, Director, Public Affairs, Nigerian Communications Commission (NCC), and Mr Kayode Adegoke of the National Identity Management Commission (NIMC), jointly made this known in a statement on Saturday in Abuja.…
January 2, 2021
Sparks Reputational Crisis Amid Nigerians' Threat To Ditch Bank FCMB Reacts To MD's Alleged Misconducts The marriage scandal rocking the First City Monument Bank (FCMB) deepens as over 1,000 people have now signed a petition asking the board of the bank and the Central Bank of Nigeria to sack the adulterous Managing Director, Adam Nuru…
January 2, 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…
January 1, 2021
President Muhammadu Buhari appended his signature on the 2021 Appropriation Act, Thursday, the last day of the year 2020. Recall the National Assembly had on Monday, December 21, passed the sum of N13.6 trillion (13,588,027,886,107) 2021 Appropriation bill into law. The bill which was transmitted to the President last week had its budgeted sum increased…
December 31, 2020
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The Nigerian Electricity Regulatory Commission (NERC) has cleared the air over raging controversy over reported hike electricity tariff by over 50 per cent. According to the electricity regulatory body, the rates for service bands A, B, C, D and E were insignificantly adjusted by NGN2.00 to NGN4.00 per kWhr. The Commission in a statement by…
January 5, 2021
As Nigerians grapple with the initial increase in the cost of electricity tariffs, the Nigerian Electricity Regulatory Commission (NERC) has yet again raised the tariffs by 50% across the country. The new directive issued and signed by Sanusi Garba, NERC chairman was dated December 30, 2020. It took effect from January 1, though many Nigerians…
January 5, 2021
Canada, Sweden, Australia, Italy, UAE, Egypt ranked Among Top 30 countries  Nigeria, Ethiopia, Oman, Angola, Bangladesh, Mynamar tipped Among  top 80 An international survey which ranks various countries of the World based on key thematic strengths has come up with a verdict that the United States has retained its position as the most powerful country…
January 5, 2021
FCMB Records 10% Drop in Morning Trading but stood at 6% in the Evening... In a seeming dramatic move, Nigeria’s leading tier-2 bank, First City Monument Bank (FCMB) recorded significant losses at the first trading session of 2021 at the Nigeria Stock Exchange (NSE). The New Diplomat's early morning checks show that NSE reports indicate…
January 5, 2021
The Special Public Works Programme of the Federal Government is set to kick off across the country, according to Minister of State for Labour and Employment, Chief Festus Keyamo. This is coming on the heels of several postponements. The minister said the programme whose goal is to help engage about 774,000 unemployed Nigerians is scheduled…
January 4, 2021
The Federal Government has approved a replacement policy for subscribers whose Subscribers Identification Module (SIM) may have been lost, stolen, misplaced or damaged. Dr. Ikechukwu Adinde, Director, Public Affairs, Nigerian Communications Commission (NCC), and Mr Kayode Adegoke of the National Identity Management Commission (NIMC), jointly made this known in a statement on Saturday in Abuja.…
January 2, 2021
Sparks Reputational Crisis Amid Nigerians' Threat To Ditch Bank FCMB Reacts To MD's Alleged Misconducts The marriage scandal rocking the First City Monument Bank (FCMB) deepens as over 1,000 people have now signed a petition asking the board of the bank and the Central Bank of Nigeria to sack the adulterous Managing Director, Adam Nuru…
January 2, 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…
January 1, 2021
President Muhammadu Buhari appended his signature on the 2021 Appropriation Act, Thursday, the last day of the year 2020. Recall the National Assembly had on Monday, December 21, passed the sum of N13.6 trillion (13,588,027,886,107) 2021 Appropriation bill into law. The bill which was transmitted to the President last week had its budgeted sum increased…
December 31, 2020
