NERC bows to pressure, announces tariff reduction
The Nigerian Electricity Regulatory Commission has released a new tariff order for May 2024, which will see a reduction in electricity rates for consumers. The revised tariff order, which affects all eleven electricity distribution companies in the country, will lower the end-user tariffs for Band “A” customers from NGN225/kWh to NGN206.8/kWh. In response to the NERC’s order, the electricity distribution companies, Abuja, Ikeja, and Ibadan Electricity Distribution Companies, among others, have begun to reduce the tariff accordingly. The new tariff order is a reflection of the NERC’s commitment to its tariff methodology and its responsiveness to changes in the economic landscape. “The statement read, “Pursuant to the tariff methodology adopted by the Nigerian Electricity Regulatory Commission, a revised tariff order covering the month of May 2024 has been issued by the Commission to the eleven (11) electricity distribution companies.
Source:Punch
May 07, 2024 01:30 UTC
7 Nigerian companies who have downsized - Over 1,000 workers sacked
ADVERTISEMENTNigerian companies who have downsizedThe affected companies include;1. Dangote Sugar RefineryThe report noted that Dangote Sugar Refinery came tops in the list as over 675 staff left the company during the period. Nigerian Breweries PLCDuring the period in review, about 380 employees of Nigerian Breweries were downsized. CadburyCadbury Nigeria lost 21 employees during the period in review. ConoilADVERTISEMENTConoil employees dropped to 149 from 168 reported in 2022 showing the company lost just 19 employees during the period.
Source:The Guardian
May 06, 2024 16:12 UTC
Chinese Sports Film ‘Wild Punch’ to be Launched at Cannes Market by Fortissimo (EXCLUSIVE)
China- and Netherlands-based sales firm Fortissimo Films has picked up the international rights to new Chinese sports feature film “Wild Punch.” It will launch the film in territories outside mainland China next week at the Cannes Market. Both with something to prove, the two will have to face each other in the ring. Since 2017, Momo Pictures has produced since several films including “The Best Is Yet to Come,” which played at Venice and Toronto IFF, “A Long Shot,” which was a Tokyo festival prize-winner, and “The Boy who Counted Cars.” This is the first collaboration between Momo Pictures and Fortissimo Films. Popular on VarietyFortissimo recently announced that it is to handle sales of Shen Jie’s Chinese animation film The Umbrella Fairy. Fortissimo was also responsible for selling rights to cutting edge Chinese animation “Deep Sea” by Tian Xiaopeng.
Source:Punch
May 06, 2024 16:04 UTC
Fuel Scarcity: NECA calls for urgent coordinated action
The Nigerian Employers’ Consultative Association (NECA) has called for urgent coordinated action and strategic interventions to effectively address the fuel scarcity presently being faced by Nigerians. “Like a sore that has refused to heal, the recurrent issue of fuel scarcity has reared up its ugly head again, notwithstanding the removal of fuel subsidy. “The fuel subsidy removal, among other things, was supposed to liberalise the market and ensure the free flow of the product. The ongoing scarcity, with attendant loss of productive man hours as a result of endless hours spent at filling stations, defies logic,” the association stated. “Idle capacity will eventually trigger low production and profit, leading to retrenchment or layoffs of workers,” the association added.
Source:Nigerian Tribune
May 06, 2024 15:17 UTC
Man arrested for allegedly defiling minor inside mosque restroom
The Ogun State Police Command has arrested a 40-year-old male worshipper identified as Abiola, otherwise known as Aro, who was accused of defiling a 14-year-old minor (name withheld) at the Olorunloba Mosque restroom located on Ondo Road in the Ijebu-Ode area of Ogun State. Before Saturday’s incident, the suspect had been a member of the mosque for more than 15 years, according to information obtained exclusively by PUNCH Metro. He was said to have then allegedly shoved her back into the restroom and forced her up against the wall. A related incident occurred on April 26, 2024, according to PUNCH Metro report, when the command detained two brothers, Olamijuwon Noibi and Lukman Olatunbosun, for suspected gang rape in Oke-Eri, Atan-Ijebu. Noibi was said to have also filmed the moment his brother was allegedly having unlawful sexual intercourse with the survivor.
Source:Punch
May 06, 2024 12:53 UTC
Help and Hecs debt calculator: see how the changes to indexation could affect you
Labor has announced changes to the way Hecs and Help student debts are indexed, with the change likely to deliver a saving to most debtors. You can use this calculator to see an estimate of how much such a credit could be, based on your Help or Hecs debt and your income:Help/Hecs changes credit calculator This shows an estimate of how the government's changes to Hecs/Help indextion may affect you, based on preliminary figures. Put in your current Help debt and your annual income to get a rough estimate of how long it could take you to pay off your debt. The chart shows the money added from indexation each year , compulsory and voluntary repayments each year , and then the total debt over time . This model assumes wage growth increases steeply after graduation, then tapers downwards over nine years to the historical average wage growth.
Source:The Guardian
May 06, 2024 11:14 UTC
Insurers, banks take cautious approach to GenAI tools
Majority of the world’s insurers and biggest banks are using external GenAI tools, and about a fifth of them have yet to decide where responsibility for AI lies. This is contained amongst the findings of an ORX survey of 26 of the world’s biggest banks and insurers, of which most were using Microsoft Copilot, followed by ChatGPT and Google Bard/Gemini. However, it seems that more needs to be done within some firms to effectively communicate these policies. Steve Bishop, research and information director at ORX comments, “Only last October, the picture regarding the use of GenAI in daily operations was very different, with many banks and insurers taking a cautious approach or even blocking access, mainly to ChatGPT. Since then, we’ve seen a slight shift and some firms have been using pilot exercises to explore the value of these tools and understanding use cases.
Source:Nigerian Tribune
May 06, 2024 09:06 UTC
Israeli authorities raid Al Jazeera, close local operations
Israel’s government has moved to shut down the operations of the Al Jazeera television network in the country, branding it a mouthpiece for Hamas. Al Jazeera called claims it was a threat to Israeli security a “dangerous and ridiculous lie”. The shut down of Al Jazeera in Israel has been criticised by a number of human rights and press groups. Foreign journalists are banned from entering Gaza, and Al Jazeera staff there have been some of the only reporters on the ground. Qatar, where Al Jazeera is headquartered, is mediating talks between Israel and Hamas over the now almost seven-month-long conflict.
Source:Nigerian Tribune
May 06, 2024 08:40 UTC
Canadian mayor praises Lagos under Tinubu at Obi's event
The Mayor of Brampton, Patrick Brown, has stated his admiration for Lagos State when he visited in the year 2007. I went to Lagos and I fell in love with the country. “There’s a lot of love for Nigeria in my city,” he said. Also, a member of the Provincial Parliament in Brampton North, Graham McGregor, tweeting as @BramptonGraham, on Sunday, wrote, “In Brampton, we’ve got one of the fastest growing Nigerian-Canadian communities. And to the connections we’re building here with the Nigerian-Canadian community, we want to make sure Nigerians are part of it.”
Source:Punch
May 06, 2024 07:22 UTC
‘Like family’: three women – two Palestinian, one Jewish – find peace amid campus chaos
Ginsborg is Jewish, and Omer and Abdallah are first-generation Palestinian American. Thousands of miles from Gaza, Ginsborg, Omer and Abdallah met after classes on Tuesday afternoon, reminiscing about student-led events from the past week. But opinions differ among Jewish students across the nation, with many students experiencing a palpable sense of unease at their schools. Being Jewish on campus over the last seven months has been “incredibly hard,” they said. “He always said, ‘I grew up with a Jewish family on my left side and a Christian family on my right side,’” she said.
Source:The Guardian
May 05, 2024 20:42 UTC
Nigerians are in a hurry to see positive changes that will renew their hopes for a better life., Sultan tells Tinubu
Sultan of Sokoto Urges Unity and Prayer Amidst National Challenges**Thank you for reading this post, don't forget to subscribe! Speaking from his position as the National Chairman of traditional rulers, Sultan Abubakar conveyed a message of hope and determination to President Bola Tinubu, stressing the urgency for tangible improvements that would uplift the aspirations of the Nigerian populace. Rejecting the notion of secession as a remedy to the nation’s security challenges, Sultan Abubakar underscored the need for Nigerians to prioritize the preservation of the country’s unity, emphasizing that every nation faces its share of difficulties. Highlighting the symbolic significance of the gathering, Sultan Abubakar hailed the unified presence of traditional rulers from across the country, showcasing solidarity and cohesion in the face of shared national trials. Echoing this sentiment, Shehu of Borno, Ibn Umar-Garbai, emphasized the vital role of citizen cooperation in combating insurgency, banditry, and other criminal activities, urging Nigerians to provide credible information to security agencies.
Source:The Guardian
May 05, 2024 07:09 UTC
My marriage... with Livinus Uche
I met my wife, Jane, in her final year at the Department of Nursing Science, Ebonyi State University, Abakaliki. Although, it was my late mum who first spotted her and liked her. It was then that my mum ran into her and felt she would be a good wife to her son. I have learned that in marriage, the two should relax some things to accommodate each other. A broken relationship is better than a failed or miserable marriage.
Source:Punch
May 04, 2024 14:26 UTC
Ride-hailing firm premieres documentary
Tech company, InDrive, recently premiered an eponymous documentary to tell its success story. One of the standout stories highlighted in the documentary is the grassroots movement that emerged in frozen Yakutsk, Russia, against unfair taxi pricing practices. Another inspiring tale is that of Obadiah, a Nigerian youth whose life had been transformed by the ride-hailing service, offering hope for a brighter future. From Nigeria to Indonesia and Mexico, the film weaves together inspiring narratives of human potential and community empowerment. Through personal stories and shared values, the documentary tells a tale of connection and progress, highlighting the ongoing journey of a company driven by purpose and impact.
Source:Punch
May 04, 2024 12:54 UTC
At least 12 killed in Congo bomb attacks
Bomb attacks on two camps for displaced people in eastern Congo have killed at least 12 people, including children, according to the UN. A UN spokesperson, Jean Jonas Yaovi Tossa, said at least 12 people were killed and more than 20 injured in the attacks. Tshisekedi has long alleged that Rwanda is destabilising Congo by backing the M23 rebels. The bombings follow the M23 group’s capture of the strategic mining town of Rubaya this week. The decades long conflict in eastern Congo has produced one of the world’s worst humanitarian crises, with over 100 armed groups fighting in the region, most for land and control of mines with valuable minerals.
Source:Nigerian Tribune
May 04, 2024 11:15 UTC
Mother, child, six others die in Warri-Sapele road tanker explosion
A mother and her infant child, including six others, have reportedly died after a tanker laden with Premium Motor Spirit (PMS) fell and exploded along the Warri-Sapele road in Delta State. The tragedy occurred Friday morning near Ometan junction, in Okpe Local Government Area along the ever-busy Warri-Sapele road. The truck was said to have fallen and spilled its content on the road before exploding. ALSO READ: What you should know about cases of tanker explosion in NigeriaResidential buildings, makeshift caravans and vehicles as well as heavy duty trucks were lost to the fuel tanker explosion. Eye witnesses said the tanker, which was headed from Effurun, lost control while trying to overtake another truck a few meters away from the boundary bridge between Uvwie and Okpe local government areas.
Source:Nigerian Tribune
May 04, 2024 00:48 UTC