Wealthy Nigerians To Pay More As President Buhari Approves New Electricity Bill

LAGOS AUGUST 26TH (NEWSRANGERS)-President Muhammadu Buhari, on Tuesday, approved the implementation of the proposed cost-reflective electricity tariff for the Nigerian Electricity Supply Industry (NESI). However, residential areas classified as “poor” will not be affected by the increase in tariff, TheCable understands. Also, Buhari has approved a one-year waiver of 35 per cent import tax for…

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World Bank Approves $750m IDA Credit For Nigeria’s Power Sector

LAGOS JUNE 24TH (NEWSRANGERS)-World Bank has approved a $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. The bank, in statement in Abuja on Wednesday, said that the target was to also achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector. It explained…

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Buhari Extends Tenure Of NDDC Interim Management Committee, Approves N6bn COVID-19 Spending

LAGOS  MAY 1ST  (NEWSRANGERS)- President Muhammadu Buhari has extended the tenure of the Professor Keme Pondei-led Interim Management Committee of the Niger Delta Development Commission (NDDC) from May 1 to December 31, 2020. The extension is to cover the period of the forensic audit of the NDDC, earlier approved by the Federal Executive Council, under…

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Trump: House Approves Public Impeachment Hearings As Republicans Protest

LAGOS OCTOBER 31ST (NEWSRANGERS)-In its first vote related to the impeachment of President Trump, the House on Thursday approved largely along party lines a resolution affirming its investigation and setting rules for public hearings to be held in the coming weeks. The resolution passed 232 to 196. All Republicans, who have complained about being shut…

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US Supreme Court Backs Trump On Immigration Detention

LAGOS MARH 20TH (NEWSRANGERS)-The Supreme Court on Tuesday endorsed the U.S. government’s authority to detain immigrants awaiting deportation anytime – potentially even years – after they have completed prison terms for criminal convictions, handing President Donald Trump a victory as he pursues hardline immigration policies. The court ruled 5-4 along ideological lines, with its conservative…

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