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Electricity Hike: What To Do If Disco Fails To Provide Power For 20 Hours – Tinubu’s Aide Reveals

<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2023/09/Bayo-Onanuga2-1000x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Dump Your Dollars Now To Avoid Tears, Naira Will Appreciate Soon - Presidency" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2023/09/Bayo-Onanuga2-1000x600.jpg 1000w, https://www.naijanews.com/wp-content/uploads/2023/09/Bayo-Onanuga2-590x354.jpg 590w, https://www.naijanews.com/wp-content/uploads/2023/09/Bayo-Onanuga2-400x240.jpg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p> <h2>The Special Adviser to President Bola Tinubu on Information and Strategy, <a href="https://www.naijanews.com/topic/bayo-onanuga/">Bayo Onanuga</a>, has said Nigerians can petition for a downgrade if the Disco fails to provide 20 hours of power for Band 'A' electricity consumers.</h2> <p>Many Nigerians have expressed outrage at the<a href="https://www.naijanews.com/topic/nerc/" target="_blank" rel="noopener"> Nigerian Electricity Regulatory </a>Commission's increase in the electricity tariff for customers under the Band A classification.</p> <p><strong>Naija News</strong> reported that the Vice Chairman of NERC, Musliu Oseni, <a href="https://www.naijanews.com/2024/04/03/breaking-despite-economic-hardship-fg-approves-tariff-hike-for-electricity-consumers/">on Wednesday announced that the increase will see the customers</a> paying N225 kilowatt per hour (KW/h) instead of the current N66.</p> <p>Customers under Band A are those who enjoy 20-24 hours of electricity supply daily.</p> <p>Under the Band classification, customers in Band A enjoy 20-24 hours of electricity supply daily, subscribers in Band B enjoy 16 to 20 hours, while those in Band C enjoy 12 to 16 hours daily.</p> <p>Also, Band D subscribers benefit from eight to 12 hours of electricity consumption daily, while Band E subscribers only enjoy four to eight hours.</p> <p>In a post via X, Onanuga shared some frequently asked questions on the new tariff review, stressing that not all electricity users are affected by the new policy.</p> <p>He added that those in Band' A' can apply for a classification change if Disco failed to provide power for 20 hours.</p> <p>He wrote,<em> "Here are the things we need to know about the minor electricity tariff adjustment. 85 per cent of electricity users are not affected. Those affected can petition for a downgrade if the Disco fails to provide power for 20 hours."</em></p> <p><img class="aligncenter size-full wp-image-844727" src="https://www.naijanews.com/wp-content/uploads/2024/04/12.png" alt="" width="609" height="900" /></p> <p><img class="aligncenter size-full wp-image-844726" src="https://www.naijanews.com/wp-content/uploads/2024/04/13.jpg" alt="" width="609" height="900" /></p> <p>The post <a href="https://www.naijanews.com/2024/04/06/electricity-hike-what-to-do-if-disco-fails-to-provide-power-for-20-hours-tinubus-aide-reveals/">Electricity Hike: What To Do If Disco Fails To Provide Power For 20 Hours – Tinubu’s Aide Reveals</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>

mingooland · · 2 min read
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General

It’s Half Time, South Africa Coach Tells Super Falcons After Defeat In Abuja

<p><img width="715" height="429" src="https://www.naijanews.com/wp-content/uploads/2024/04/images-86.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/04/images-86.jpeg 715w, https://www.naijanews.com/wp-content/uploads/2024/04/images-86-300x180.jpeg 300w, https://www.naijanews.com/wp-content/uploads/2024/04/images-86-590x354.jpeg 590w, https://www.naijanews.com/wp-content/uploads/2024/04/images-86-400x240.jpeg 400w" sizes="(max-width: 715px) 100vw, 715px" /></p> <h2>Banyana Banyana of South Africa head coach, Desiree Ellis, has warned the Super Falcons of Nigeria that the 2024 Summer Olympics qualification tie is not over.</h2> <p>On Friday, April 5, the Banyana Banyana of South Africa were at the MKO Abiola stadium in Abuja to take on the Super Falcons of Nigeria in the first leg of the 2024 Olympics qualifiers third round.</p> <p>A first-half goal from the penalty spot via the boots of Rasheedat Ajibade <a href="https://www.naijanews.com/2024/04/05/super-falcons-of-nigeria-are-halfway-to-paris-olympics-after-beating-south-africa/" target="_blank" rel="noopener">earned the Super Falcons a slim 1-0 win over the reigning African champions.</a></p> <p>The tie will be decided in the second leg which will take place in Pretoria on Tuesday, April 9. All the Super Falcons need in the game is either a draw or a win, while the South African team must record a win to qualify for the 2024 Olympics.</p> <p>After the 1-0 defeat to the Super Falcons, Desiree Ellis who led Banyana Banyana to the 2022 African women's championship victory stressed that her team will bounce back in the return leg.</p> <p><em>“Look, I said before the game, it was going to be a tight game. We said that the result over two legs will be what matters",</em> Ellis told reporters in Abuja.</p> <p><em>“We feel we’re still in the game, we created a couple of chances. A penalty decided the match but the tie is not over. I thought in the second half we raised our game a lot, and created a few chances.</em></p> <p><em>“We could have equalized and maybe won a penalty at the end. But I’m proud of the team. And we’ll take it back. To Pretoria.”</em></p> <p>She added, <em>“Obviously, going to have a look at the footage and see where we can exploit the Falcons in the second leg. Because I thought defensively, we were really sound. And up until that moment from the penalty, we created a couple of chances. We also had a lot of players coming back from injury.</em></p> <p><em>"Not having played 90 minutes. And I thought we got a lot out of them. So they are better in their legs now and be better in the second leg. But as Tembi Kagtlana said, for us, it’s half-time. We still have another half to go."</em></p> <p>The post <a href="https://www.naijanews.com/2024/04/06/its-half-time-south-africa-coach-tells-super-falcons-after-defeat-in-abuja/">It’s Half Time, South Africa Coach Tells Super Falcons After Defeat In Abuja</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>

mingooland · · 2 min read
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Business

Depreciation: Trans-Border Traders Reject Naira, Ask For CFA

<p><img width="1000" height="600" src="https://www.naijanews.com/wp-content/uploads/2024/04/Naira-1000x600.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Naira Note Mutilation: What You Should Know About Jail Sentences, Fines, Other Consequences" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2024/04/Naira-1000x600.jpg 1000w, https://www.naijanews.com/wp-content/uploads/2024/04/Naira-590x354.jpg 590w, https://www.naijanews.com/wp-content/uploads/2024/04/Naira-400x240.jpg 400w" sizes="(max-width: 1000px) 100vw, 1000px" /></p> <h2>The <a href="https://www.naijanews.com/topic/naira/">Naira's</a> depreciation over recent months has led to significant setbacks in the West African market, with trans-border traders increasingly rejecting the Nigerian currency in favor of the CFA or other local currencies of non-francophone countries.</h2> <p>Investigations by Vanguard at the Seme border reveal a shift in currency preference among traders, marking a departure from the era when the Naira dominated the sub-regional economy.</p> <p>Historically, the Naira was the preferred medium of exchange due to Nigeria's substantial trade volume with neighboring countries.</p> <p>However, the currency's status has been in decline since February, culminating in its outright rejection by March 2024.</p> <p>Traders, including Nigerians, express concerns over the Naira's falling value, with the worst depreciation rates recorded in the recent months.</p> <p>Official figures show a steep decline in the Naira's value against the CFA, dropping from N1/1.5CFA in early 2023 to N1/0.37595CFA recently.</p> <p>Despite a slight improvement, the Naira remains far from its former strength, impacting the cost of goods imported into Nigeria and slowing business activity in border towns of Nigeria and the Benin Republic.</p> <p>On-ground reports from Benin-Nigeria border markets indicate a dwindling presence of the Nigerian currency, with money changers and transport operators opting for the CFA to avoid losses due to the Naira's instability.</p> <p>Ibrahim Yakubu, a bike rider, and Taiye Ekiti, a money changer, voiced their preference for the CFA over the Naira, attributing the shift to the dollar's influence on the Naira's depreciation.</p> <p>Traders like Mr. Achi Collins, dealing in second-hand clothing, note the reluctance of their counterparts to accept the Naira, forcing customers to exchange their money to CFA.</p> <p>Although a few traders in Seme may still accept Naira, the exchange rate's impact is reflected in higher prices for goods.</p> <p>The rejection of the Naira in major cities of the Benin Republic further underscores the currency's diminished value, with traders insisting on CFA for transactions.</p> <p>Before now, Naira was accepted on the west coast, up to Ivory Coast and Senegal. Traders freely spent Naira in many countries of West Africa.</p> <p>Nigerian sports journalists who covered sports events in Benin Republic, Togo, Ghana, Senegal and Ivory Coast spent Naira in the markets of these countries.</p> <p>Naira was stronger than CFA then. Those days are gone. The naira is now rejected in these countries.</p> <p>The post <a href="https://www.naijanews.com/2024/04/06/depreciation-trans-border-traders-reject-naira-ask-for-cfa/">Depreciation: Trans-Border Traders Reject Naira, Ask For CFA</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>

mingooland · · 2 min read
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