NERC: Customers in Togo, Benin, Niger owe $5.7m for electricity in Q3 2024

The Nigerian Electricity Regulatory Commission (NERC) has disclosed that international customers owe $5.7 million for electricity supplied in the third quarter (Q3) of 2024. The debtors include Paras-SBEE and Transcorp-SBEE from the Benin Republic, Mainstream-NIGELEC from Niger, and Odukpani-CEET from Togo. Under an international treaty, Nigeria exports electricity to neighbouring countries like Benin Republic,…

LPDC rejects Afe Babalola’s bid to debar Farotimi

The Legal Practitioners Disciplinary Committee (LPDC) has dismissed a request by Chief Afe Babalola’s law firm, Emmanuel Chambers, to revoke the law practicing license of lawyer and author Tomilola Farotimi, popularly known as Dele Farotimi, over allegations of criminal defamation and professional misconduct. The petition, submitted by Ola Faro, a lawyer with Emmanuel Chambers,…

North an asset not liability to Nigeria – Ndume

Borno South senator, Ali Ndume, has stated his opposition to the tax reform bills. Tinubu’s proposed legislation aims to overhaul the country’s tax collection and administration systems, presenting an opportunity to create a more equitable and efficient taxation model. At the heart of the bill are transformative provisions, such as revisions to the…

FG repatriates 403 stranded Nigerian migrants from Niger Republic

National Emergency Management Agency (NEMA), in collaboration with various stakeholders, successfully welcomed the second batch of Nigerian returnees from Niger at the Immigration Training School on Airport Road, Kano. The agency disclosed this in a statement on Monday, December 23, 2024. “The group, totaling 392 individuals, arrived at approximately 3:05 pm,” the statement read. “The…

No Regret Removing Petrol Subsidy, Tinubu Insists

President Bola Tinubu stated he has no regrets about removing the petrol subsidy during his first presidential media chat on Monday, December 24. Tinubu emphasized that the subsidy was detrimental to Nigeria’s economic future, describing it as an unsustainable expenditure. “Nigeria was spending its future and was not investing,” Tinubu said. “We were…

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