New Telegraph

February 24, 2024
Fuel Scarcity Bites Harder As IPMAN Blames Trend On Panic Buying

Fuel Scarcity Bites Harder As IPMAN Blames Trend On Panic Buying

Fuel scarcity became worse in many parts of Nigeria yesterday. New Telegraph observed that many filling stations, especially those owned by both major and independent marketers, were not dispensing petrol in Lagos. Reports across the…

World Bank: Nigeria, Others Must Grow ‘Much Faster’ to Repay Debt

World Bank: Nigeria, Others Must Grow ‘Much Faster’ to Repay Debt

High borrowing costs have “changed dramatically” the need for developing nations to boost sluggish economic growth, Reuters reported the World Bank’s Deputy Chief Economist, Ayhan Kose, as saying. According to the news agency, the multilateral…

Kaduna Electric  Set To Refund Over- Billed Customers

Kaduna Electric Set To Refund Over- Billed Customers

The Kaduna Electric has said it is ready to refund overbilled customers in compliance with the Nigerian Electricity Regulatory Commission’s (NERC) order, mandating distribution companies (DisCos) to to refund over- billed customers. Recall that Kaduna…

FG Stops Cooking Gas Export To Crash Prices

FG Stops Cooking Gas Export To Crash Prices

The Federal Government has suspend- ed the export of cooking gas in an apparent strategy to increase the volume of supply, halt scarcity and high cost of gas in Nigeria. Minister of State, Petroleum Resources…

Increased Tax Collections Boost FAAC’s Allocations To N1.14TRN

Increased Tax Collections Boost FAAC’s Allocations To N1.14TRN

Amid prevailing economic challenges and poverty in the country, the Federation Account Allocation Committee (FAAC) last night approved N1.14 trillion ( N1,149, 816) for January allocation to the three tires of government- federal, states and…

Harsh Economy: CBN Calls For Patience, Promises Imminent Relief

Harsh Economy: CBN Calls For Patience, Promises Imminent Relief

Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso, has called on Nigerians to be patient with the administration of President Bola Tinubu as the management of the apex bank is working day…

Forex Scarcity: 50% Airline Operators May Shutdown If Nothing Is Done – Okonkwo

Forex Scarcity: 50% Airline Operators May Shutdown If Nothing Is Done – Okonkwo

A front-line airline operator, and the Chairman of United Nigeria Airline (UNA), Prof. Obiora Okonkwo has raised the alarm over the continued scarcity of foreign exchange and the worrisome devaluation of the naira, saying that…

SERVICOM Lauds NSITF for Quality Service Delivery, Others

SERVICOM Lauds NSITF for Quality Service Delivery, Others

National Coordinator of SERVICOM, Nnenna Akajemeli, has com- mended the Nigeria Social Insurance Trust Fund (NSITF) for entrenching quality service delivery as it drives the implementation of the Employees Compensation Scheme (ECS) in Ministerial, Departments…

Current Poor Power Services Caused By Low Grid Allocation EKEDP

Current Poor Power Services Caused By Low Grid Allocation EKEDP

Eko Electricity Distribution Company (EKEDP) has said that the current poor power services in many parts of Nigeria is as a result of low allocation from the grid resulting from gas shortages to the generating…

Zarttalent Collaborates With Varsities to Empower Students

Zarttalent Collaborates With Varsities to Empower Students

Zarttalent, a foundation driving digital literacy in Nigeria, has announced a collaboration with Nigerian universities to empower students with in-demand technological skills through its academy programme. The collaboration officially kicked off on February 12, 2024,…