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No 50% increase in electricity tariff – NERC

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The management of the Nigerian Electricity Regulatory Commission (NERC) says there is no 50 per cent increase in electricity tariff.

This was made known by NERC’s Head of Public Affairs, Mr Micheal Faloseyi, in a statement in Abuja on Tuesday.

Faloseyi spoke against the backdrop in some quarters that the electricity tariff had been increased by 50 per cent.

He said: “The commission hereby state unequivocally that no approval has been granted for 50 per cent tariff increase in the tariff order for Electricity Distribution Companies (DISCOs) which took effect from January 1, 2021.

“On the contrary, the tariff for customers on Service Bands D and E (customers being served less than an average of 12 hours of supply per day for a period of one month) remains frozen and subsidised in line with the policy direction of the Federal Government.

“In compliance with the Electric Power Sector Reforms Acts (EPRSA) and the nation’s tariff methodology for biannual review, the rates for Service Bands A, B, C, D and E have been adjusted by N2.00 to N4.00 per kWhr to reflect the partial impact of inflation and movement in foreign exchange rates,” he said.

Faloseyi said that the commission remains committed to protecting electricity consumers from failure to deliver on committed service levels under the service-based tariff regime.

According to him, any customer that has been impacted by any rate increase beyond the above provision of the tariff order should report to the commission at [email protected].

(NAN)

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TapSwap sets July 1st as new launch date

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Tapswap

The popular crypto-currency platform, TapSwap has officially postponed her launch date from May 30th to July 1st, citing some reason for numerous bots.

This was made known to the public via the official social media platform of the crypto-currency platform on X.com (formerly Twitter) on Wednesday.

It was gathered that TapSwap decided to shift the launch date to July after they discovered some illegal bots are compromises the integrity of the token distribution process, hence enabling users to earn an unfair amount of Shares.

In order to rectify this issue, according to a statement released by TapSwap, they need sometime to identify, stop, and ban these bots, noting that this move will reward those who have earned them honestly.

See the screenshot of their statement below:

This is a developing story on TapSwap, check back for latest update…

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BREAKING: Tinubu signs old National Anthem bill into law

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Nigerian president, Bola Ahmed Tinubu has officially signed the old national anthem bill, making it a law.

THE DAILY PAGE recalls that the Nigeria senate on Tuesday passed a bill seeking to revert from the current national anthem to the old national anthem, “Nigeria, we hail thee”.

This was made known to the public by the Senate President, Godswill Akpabio on Wednesday during a joint session of the National Assembly.

This is a developing story, check back for update…

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NLC rejects N60,000 new minimum wage proposed by FG

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new minimum wage rejected by NLC

The Federal Government of Nigeria has proposed N60000 new minimum wage has been rejected by the Nigeria Labour Congress, which claims it is offensive to the sensitivities of Nigerian workers.

According to a report by the Cable Newspaper, the Nigeria Labour Congress and Trade Union Congress rejected an earlier proposal by the federal government for a minimum salary of N48,000. This rejection occurred in as little as two weeks.

THE DAILY PAGE recalls that the National Labor Council (NLC) and Trade Union Congress (TUC) had suggested a minimum salary of N615,500 for Nigerian workers, noting the country’s high cost of living. They also gave the federal government until May 31 to complete the process of setting a new national minimum wage.

This is a developing story, check back for an update…

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