News

NERC says tariff increase not for low-income areas

The Nigerian Electricity Regulatory Commission (NERC) says the new electricity tariff increase will not affect low-income areas with lesser energy supply. The commission was reacting to reports of the new increase in tariff from January 1. In a series of Twitter post, the NERC said the tariff for customers on …

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Court jails ex-Finbank MD over N10.9bn fraud

Lateefa Okunnu, judge of the Lagos state high court sitting in Ikeja, on Tuesday, convicted and sentenced Okey Nwosu, a former managing director, Finbank Plc, to three years imprisonment over N10 billion fraud. The Economic and Financial Crimes Commission (EFCC) had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma …

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Ibidapo Obe’s death shocking, says UNILAG VC

Vice-Chancellor of the University of Lagos (UNILAG), Prof. Oluwatoyin Ogundipe has said the death of the institution’s eighth Vice-chancellor, Prof. Oyewusi Ibidapo Obe came as a rude shock to the university Community. In a statement, Ogundipe noted that Ibidapo-Obe, who died at 71 contributed a lot to the university’s development. …

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Eight million subscribers have submitted NINs – MTN

Telecom giant, MTN, says the deadline given for subscribers to update their SIM registration records with the National Identification Number (NIN) is welcome development. In a disclosure notice sent to the Nigerian Stock Exchange (NSE), the telecom company also revealed some resolutions stakeholders in the industry had with the Nigerian government. MTN said …

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Olatunji-Bello, Four Others In Final Race For LASU VC

Five professors, including Professor Ibiyemi Olatunji-Bello, are in the final race to succeed Prof. Olanrewaju Fagbohun (SAN) as the ninth substantive Vice Chancellor of the Lagos State University, LASU, Ojo. Olatunji-Bello is the wife of Lagos State Commissioner for the Environment and Water Resources, Mr Tunji Bello. She is an …

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