Business

ANGER AS MINISTER TELLS NIGERIANS TO ACCEPT TARIFF HIKE OR FACE BLACKOUT Strong reactions have trailed comments by the Minister of Power, Adebayo Adelabu, that there would be total blackout in the country in the next three months if the proposed electricity tariff hike is not implemented. Adelabu said this when he appeared before the Senate Committee on Power, which …

COURT STOPS INCREMENT IN PRICES OF DSTV, GOTV SUBSCRIPTION A Competition and Consumer Protection Tribunal (CCPT) sitting in Abuja, on Monday, restrained Multichoice Nigeria Limited, owners of Dstv and GOtv from increasing their tariffs and cost of products and services scheduled to begin on May 1. The three-member tribunal, presided over by Saratu Shafii, gave the interim order following an …

9TH MILE CHAMBER OF COMMERCE TO REDIFINE ENUGU ECONOMY – PRESIDENT The President of 9th Mile Chamber of Commerce, Industry, Mines and Agriculture (9ccima) Leonard Ugwu has described the City Chamber as an industrial hub set to redefine the economy of Enugu State. Ugwu who stated this while briefing journalists in his office at 9th Mile Corner Enugu, said the …

ENUGU GOVT AWARDS CONTRACT TO REVAMP HOTEL PRESIDENTIAL Governor Peter Mbah Administration in Enugu State government has awarded a contract for the revamping of Hotel Presidential, a premier hotel in the heart of the state’s capital. The administration also said it was currently perfecting the terms of agreement for the resuscitation of the state-owned Nigergas Company Limited sequel to a …

ENUGU GOVT GEARS TO REPOSITION ANAMMCO The Enugu State Government has stated its desire and preparedness to reposition the old Anambra Motor Manufacturing Company (ANAMMCO), based in Enugu, to upscale its economic relevance in the state. The State Commissioner for Labour and Productivity, Mr. Chika Ugwoke, made the pledge after Gov. Peter Mbah took a facility tour of the ANAMMCO …

ENUGU GOVT CAUTIONS NERC, EEDC AGAINST OVERCHARGING ELECTRICITY CONSUMERS The Enugu State Government says it will not condone any act of overcharge or extortion of electricity consumers in the state by the Enugu Electricity Distribution Company (EEDC). Gov. Peter Mbah gave the warning on Thursday while declaring open a three-day Customer Complaints Resolution Meeting organised by the Nigerian Electricity Regulation …

34 STATES SHUN ENUGU INTERNATIONAL TRADE FAIR No Fewer than 34 states in the country failed to honour invitation to attend the just-concluded 35th Enugu International Trade Fair. The News Agency of Nigeria (NAN) reports that only the Federal Capital Territory (FCT), Abuja; Ebonyi State and the host state, Enugu State, graced the 11-day international goods, services and idea showcasing …

NIGERIAN BREWERIES TO SUSPEND OPERATIONS IN TWO LOCATIONS Nigerian Breweries Plc has indicated plans for a company-wide reorganisation which include the temporary suspension of operations in two of its nine breweries. In a statement obtained by Nairametrics, the company emphasized its commitment to minimizing the impact on its workforce by exploring all feasible alternatives. These measures include relocating and redistributing …

OUTAGES: SOUTH EAST CONSUMERS CALL FOR ONE-MONTH BOYCOTT OF EEDC Electricity consumers in the South-East geo-political zone of the country have threatened a one-month warning boycott to “remain in darkness,” to protest against incessant power outages, outrageous and estimated billings, extortions, as well as non-provision of pre-paid meters to consumers across the region. Findings showed that both commercial and economic …

HIKE IN ELECTRICITY TARIFF INSENSITIVE, INHUMAN – REPS MINORITY CAUCUS The Minority Caucus of the House of Representatives says the hike in electricity tariffs across the country by the Nigerian Electricity Regulatory Commission (NERC) is insensitive, inhuman, and uncalled for. Representative Kingsley Chinda, the minority leader of the House of Representatives, said this in a statement on Friday in Abuja. …