The Nigerian Electricity Regulatory Commission (NERC) anticipates that the new tariff increase will lower subsidy expenditures by approximately N1.14 trillion in the 2024 fiscal year. Musliu Oseni, the vice-chairman of NERC, said this in a statement on Wednesday. ”With the newly approved tariffs, subsidies for the 2024 fiscal year are expected to reduce by about […]

The Nigeria Customs Service reports revenue exceeding N1.3 trillion in the first quarter of 2024. NCS Comptroller General Adewale Adeniyi revealed this on Wednesday in Abuja during a briefing on the company’s first-quarter 2024 activities. “The total revenue collected during this period amounted to N1,347,675,608,972.75. The collection for the first quarter represents a substantial increase […]

The Nigerian Navy Ship (NNS) Beecroft on Tuesday, uncovered an illegal fuel depot at No 3 Silver Bird Road, Ilasun Lekki, leading to the arrest of five suspects. Mr. Ahmed Ariyo, the syndicate leader, was arrested along with four others in a private apartment where they conducted their illegal activities. In a statement by Lieutenant […]