NERC Approves N21bn for Procurement of Electricity Meters at Zero Cost to Nigerians Ikeja, Abuja Discos get lion’s share of funds
Emmanuel Addeh in Abuja The Nigerian Electricity Regulatory
Commission (NERC) yesterday announced the approval of N21 billion for the procurement of electricity meters
for Band ‘A’ customers, explaining that the purchase and installation would come to end-users at no cost.
In an order signed by the commission’s Chairman, Sanusi Garba and the Commissioner in charge of
Legal, Licensing and Compliance, Dafe Akpeneye, NERC stated that the fund was the first tranche of the Presidential
Metering Initiative (PMI) under the Continued on page 5
US Supreme Court Upholds Law Barring Domestic Abusers from Owning Guns...
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Saturday June 22, 2024 Vol 29. No 10664
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NNPC: 614km AKK Pipeline Project Ready in Q1, 2025...
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Police Beef Up Security at Bayero's Palace, Vow Not to Evict Deposed Emir Ahmad Sorondinki in Kano Barely 24 hours after the Kano State government issued an
order to evict the deposed Emir Aminu Bayero from the Nassarawa Palace, the State Commissioner of Police Mohammed Usaini Gumel,
yesterday, said his men would not eject the deposed traditional ruler as directed by the state government. This was even as the dethroned
Emir attended yesterday's Prayers amidst fanfare and tight security around the mosque and the Palace. He performed the Juma'at service
at the mosque situated outside the Nasarawa palace, few meters away from the Government House in the metropolis.
The 15th Emir appeared in white royal regalia, under white Continued on page 5
Recapitalisation: Banks Jostle to Attract Investors, Shareholders in Fresh Capital Raising SEC unveils guidelines
Kayode Tokede Following the directive by the Central Bank of Nigeria (CBN) that banks should beef up their capital base with a deadline of March 31, 2026, the financial institutions, especially those listed on the Nigerian Exchange Limited (NGX) are positioning to attract both fresh investors and existing shareholders. This emerged as the Securities and Exchange Commission (SEC) yesterday, released its framework to support the recapitalisation exercise. The guidelines published on SEC website, was to ensure transparent and efficient capital-raising process for banks and holding companies. The stock market segment of the NGX is currently witnessing an increase in activities as listed commercial banks give investors opportunity to own a Continued on page 5
FACILITY TOUR... L-R: Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun; Minister of State, Gas Resources, Mr. Ekperikpe Ekpo; Kaduna State Deputy Governor, Dr. Hadiza Balarabe; Minister of Information and National Orientation, Mohammed Idris and Group Chief Executive Officer of the NNPC Limited, Mele Kyari, during a visit to the River Kaduna Crossing of the Ajaokuta-Kaduna-Kano Gas Pipeline Project…yesterday
DHQ: Troops Deny Oil Thieves Over N1bn, Deactivate 105 Illegal Refining Sites in One Week...
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