PRESIDENT TINUBU RECONSTITUTES THE BOARD OF THE NIGERIAN ELECTRICITY REGULATORY COMMISSION. (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE   President Tinubu Reconstitutes the Board of the Nigerian Electricity Regulatory Commission   President Bola Ahmed Tinubu has approved the reconstitution of the Board of the Nigerian Electricity Regulatory Commission (NERC), following the Senate's confirmation of its members on December 16.   Members of the reconstituted Board are:   • Mulisiu Olalekan Oseni, PhD. — Chairman   Dr Oseni started his service as a Commissioner in January 2017. He was subsequently appointed Vice Chairman of the Commission.   His appointment as Chairman took effect from 1 December 2025 and shall subsist until the completion of his ten-year tenure at the Commission, in accordance with the provisions of the Electricity Act, 2023.   • Yusuf Ali, PhD. — Vice Chairman   Dr Ali was first appointed as a Commissioner in February 2022. His designation as Vice Chairman took effect on 1 December 2025 and shall remain in effect until the completion o...
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HERITAGE BANK TO SACK MORE OF THEIR STAFFS VERY SOON.

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Image result for heritage bank                        According to News Agency of Nigeria {NAN} though Heritage Bank has embarked on mass retrenchment of it workers with 400 staff sacked in December,recent reports said that the Bank have penciled down some more workers for sack.The bank acquired Enterprise Bank with about N56 billion {$281 million} in October 2014.A top management staff in the bank told NAN that the sack cuts across the top,middle and low cadres.He said the mass sack was creating apprehension and fears among the remaining staff.The management staff said the remaining workers,especially those from the former Enterprise Bank,feared they could be disengaged anytime.He said workers from the former Enterprise Bank were the most affected in the ongoing restructuring exercise designed to improve the bank's profitability.The bank's Head of Corporate Communications,Mr Fela Ibidapo told NAN that the figures were not correct.Ibidapo noted that the development was not limited to the bank,saying it cut across the industry.
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