Author: bibncollar

The national electricity grid has collapsed again, leading to a nationwide blackout. According to a statement on X by Abuja Electricity Distribution Company (AEDC), the national grid collapsed at 6:58pm. Power Outage Alert❗ #GridSystemOutage#PowerOutages #AEDC #PowerofCommitment pic.twitter.com/eGjayyjele — aedcelectricity (@aedcelectricity) October 14, 2024 The Spokesperson of Enugu Electricity Distribution Company, Emeka Ezeh also confirmed the grid collapse in a statement on Monday evening. He said the general system collapse occurred at 18.48 hours on Monday. The statement reads, “The Enugu Electricity Distribution Company PLC (EEDC) wishes to inform her esteemed customers of a general system collapse that occurred at 18:48…

Nigeria’s wealthiest citizens will be subject to a Personal Income Tax (PIT) rate of 25% starting next year. Mr. Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, announced this during the ongoing #NES30 conference in Abuja. Speaking as a panelist in the session titled “Fiscal and Monetary Policy Reforms: Removing Barriers to Private Sector Investment,” Mr. Oyedele explained that the tax bills currently before the National Assembly aim to provide relief to Nigerian taxpayers. Once passed, the new law will take effect in January 2025, reducing the tax burden on low-income earners while imposing…