The Nigerian Electricity Regulatory Commission NERC, has restructured the Transmission Company of Nigeria TCN, by establishing the Nigerian Independent System Operator of Nigeria Limited NISON. The NERC Chairman, Mr Sanusi Garba and Vice Chairman, Mr Muslim Oseni, made the announcement in Abuja, on Saturday. NERC stated, “This new company, to be named the Nigerian Independent…
Guaranty Trust Holding Company Plc has reported a 587.5 per cent growth in its profit before tax, which it posted N509.3bn in the first quarter that ended March 2024, compared to the same quarter in 2023. This was indicated in its unaudited results for the first quarter filed with the Nigerian Exchange Limited The banking…
Hon. Olamijuwonlo Alao-Akala, lawmaker representing Ogbomoso North/Ogbomoso South/Oriire in the House of Representatives, has said the performance of students in this year’s Unified Tertiary Matriculation Examination (UTME) is not encouraging as over 1.4 million students, representing 76 percent of total applicants, were unable to score up to 200, which is mostly the cut off for…
The newly recruited nurses and midwives in Kaduna State have called on the state Governor, Senator Uba Sani, to intervene and pay their eight-month salary arrears. The over 200 health workers were recruited by the state government in June 2023 on a salary grade level 7 and posted to General Hospitals across the state. It…
The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has blamed the huge purchase of foodstuffs by the government as palliatives for the galloping food inflation in the country. He stated this in his contributions during the March Monetary Policy Committee, which was published on the website of the CBN. The MPC increased the…
Commercial banks in Nigeria have closed 2.021 million bank accounts in the first quarter of 2024, (Q1’24), to clean their books of questionable accounts and comply with regulatory orders on the linkage of bank accounts to the National Identity Number, NIN. The Nigerian Interbank Settlement System, NIBSS in its recent report disclosed this fact, which…
The President of the Trade Union Congress, TUC, Festus Osifo, on Wednesday, urged the Nigerian Electricity Regulatory Commission NERC, to reverse the increase in electricity tariff within one week, saying it was unethical for Nigerians to pay high electricity tariffs. The TUC president who spoke during the 2024 Workers’ Day in Abuja, expressed dissatisfaction with…
The Nigerian passport has been ranked 191 out of 199, making it among the worst on the globe. The rating highlighted significant challenges for Nigerian travelers seeking international mobility. On Tuesday, Africa Health Report in our Special Report highlighted the plight of applicants seeking the Nigerian passport. The hurdles in obtaining the passport is made…
The Federal Government on Tuesday approved a 25 to 35 per cent increase in the salary structures of police officers, the armed forces, public servants, among others. The government disclosed this through the National Salaries, Incomes and Wages Commission, stating that the salary raise takes effect from January 1, 2024. The NSIWC, in a statement…
Nigeria’s main opposition leader and former Vice President, alhaji Atiku Abubakar on Tuesday said “Nigerian workers never had it so bad”. Atiku who spoke on the eve of workers’ Day added that he sympathised with Nigerian workers who according to him worked under a government with policies against their welfare. The PDP presidential candidate in…
