Photos: Labour protests electricity tariff hike in Abuja

Under the new power tariff regime, electricity consumers in R2 class, said to be under residential, will payN24.30 per kilowatt in Abuja; Benin-N24.08; Enugu-N27.13; Ibadan -N23.09; Jos- N26.93; Kaduna – N27.36 and N28.05 (in single phase and three phases); Kano – N20.26 and N26.41; Ikeja – N21.30 and N21.80; Port Harcourt –N24.91; Eko- N24.00 and 25.79; Yola –N23.25 and N24.75 per kilowatt. Meanwhile, residential customers under R2 class within Abuja
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Army probes recent Boko Haram attacks

Nigeria’s army on Sunday said it has launched a probe into recent attacks by Boko Haram militants which claimed dozens of lives of lives near Maiduguri, capital of northeast Borno state.

TSA: FG has daily balance of N2.2 trn

Minister of Finance Mrs. Kemi Adeosun Monday in Abuja disclosed that the federal government has a balance of N2.2 trillion in the Single Treasury Account on a daily basis.

To borrow or not to borrow

President Muhammed Buhari’s is proposing to spend over N6trillion in the 2016 Appropriation bill, even though government ‘reasonably’ expects to earn about N3.8trillion as revenue. Indeed, according to the budget proposals, N984bn will be borrowed in Naira from personal and corporate holders of surplus cash to fund the shortfall, while $4.5b (N900bn) will also be borrowed from the international market at the current exchange rate of about N200= $1 and prevailing commercial interest rates will apply.

BIAFRA: Linking us with ship hijack, plot to detain Kanu indefinitely —IPOB

The Indigenous People of Biafra, IPOB, has accused the All Progressives Congress, APC, led Federal Government of plotting indefinite incarceration of its detained leader and Director of Radio Biafra, Mr. Nnamdi Kanu and other IPOB detainees with its recent linking of the group with the alleged seizure and threat to blow up a merchant ship.

17 die in Lagos-Ibadan road accident

Ibadan—NO fewer than 17 persons have been confirmed dead, while 79 others were seriously injured in an auto crash that occurred on Lagos-Ibadan expressway yesterday.

NBA, others condemn Ricky Tarfa’s arrest by EFCC

The Nigerian Bar Association, NBA and senior lawyers in the country, have condemned the recent arrest and continued detention of a Senior Advocate of Nigeria, Mr. Rickey-Tarfa, SAN, by the Economic and Financial Crimes Commission EFCC, since Friday without releasing him on bail.

Nigeria’s GDP to hit $2trn by 2030, if… —Lai Mohammed

LAGOS — The Minister of Information, Alhaji Lai Mohammed, has said that Nigeria’s Gross Domestic Product, GDP, will increase to $2 trillion by 2030 from its present N514 billion, if the country reduced corruption to the level of Ghana and Malaysia.

Why people are anxious about Buhari — Mamora

SENATOR Adeleke Olurunnimbe Mamora medical doctor turned politician was speaker of the Lagos State House of Assembly at the advent of the Fourth Republic in 1999 and followed up his legislative strides with two successive terms in the Senate where he largely imprinted upon the populace through his principled and punchy interventions. A chorister in his local Lagos Baptist church, Senator Mamora who was the deputy director of the triumphant Buhari Presidential Campaign Organisation, in this interview responds to assertions of misuse of resources by the National Assembly and the alleged selectivity in the fight against corruption among other issues.

We’ll continue to put Nigeria first —Saraki

PRESIDENT of the Senate, Dr. Bukola Saraki, weekend expressed the determination of the Senate to put the interest of the nation first while discharging its statutory responsibility.

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