RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

FG Imposes N2m Fine on Battery Regulation Violators

Victoria Attah by Victoria Attah
September 6, 2024
in Economy
Reading Time: 1 min read
A A
0
FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Federal Government of Nigeria has announced strict penalties for facilities violating battery control regulations, imposing a fine of N2 million and a potential six-month jail term for offenders. This was disclosed by the National Environmental Standards and Regulations Enforcement Agency (NESREA) during the launch of the National Environmental (Battery Control) Regulations in Abuja on Thursday.

According to NESREA’s Director-General, Dr. Innocent Barikor, the increasing use of batteries as an alternative energy source due to rising fossil fuel costs necessitates stronger regulatory oversight in the industry. Barikor emphasized that the improper disposal and handling of batteries in Nigeria is not in line with global best practices, highlighting the need for the newly introduced regulations.

AlsoRead

NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline

Nigeria’s Passport Rises to 89th on Henley Index but Visa-Free Access Falls to 44 Destinations

Subnational External Debt Surges as 32 States, FCT Borrow Nearly $1 Billion in 2025

“The battery control regulations cover production, storage, and transportation offenses, along with penalties for defaulters,” Barikor stated. He also stressed that corporate entities found violating these regulations face fines of no less than N2 million, while individuals may face penalties starting from N200,000, with the possibility of jail time.

Barikor urged Nigerians to be vigilant and report improper battery disposal, adding that the regulations give citizens a responsibility to ensure public spaces, water, air, and land are free from battery-related environmental hazards.

NESREA’s Director of Legal Services, Mr. George Tyendwa, represented by Assistant Director Cynthia Abiye-Whye, further noted that facilities posing immediate environmental or health risks would be sealed without waiting for a court order. He explained that fines for corporate offenses could escalate to N10 million or higher, while individuals involved in battery violations could face penalties up to N5 million, depending on the severity of the offense.

Tyendwa urged stakeholders to thoroughly study and comply with the new regulations, emphasizing that their success relies on enforcement, public education, infrastructure investment, and collaboration across sectors.

Tags: Battery RegulationsEnvironmental LawsfinesNESREA
Previous Post

NNPCL Attributes Rising PMS Prices to Free Market Forces and Forex Shortage

Next Post

PoS Operators Sue Government Over Mandatory Registration as Deadline Ends

Related News

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline

by Jide Omodele
May 6, 2026
0

The Nigerian Exchange (NGX) came under significant selling pressure on Tuesday, May 6, 2026, as investors booked profits on major...

Nigerian Students Spend $340.84 Million on Foreign University Applications in the H1 of 2023

Nigeria’s Passport Rises to 89th on Henley Index but Visa-Free Access Falls to 44 Destinations

by Victoria Attah
May 6, 2026
0

Nigeria’s passport has recorded a modest improvement in global ranking, climbing to 89th position in the latest Henley Passport Index...

FG Allocates N5.1 Billion for Presidential Yacht and N5.5 Billion For Student Loans

Subnational External Debt Surges as 32 States, FCT Borrow Nearly $1 Billion in 2025

by Victoria Attah
May 4, 2026
0

Nigerian states and the Federal Capital Territory (FCT) significantly ramped up their foreign borrowing in 2025, with 32 states and...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Posts First April Appreciation as it hits ₦1,374/$ Since NAFEX Era

by Jide Omodele
May 4, 2026
0

The Nigerian naira recorded a month-on-month gain in April 2026, marking its first positive April performance since the introduction of...

Next Post
POS transactions increased by 40% in January 2023.

PoS Operators Sue Government Over Mandatory Registration as Deadline Ends

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline

May 6, 2026
Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Weakens as CBN Slashes FX Intervention by 83% in April

May 6, 2026

Popular Story

  • Nigerian Students Spend $340.84 Million on Foreign University Applications in the H1 of 2023

    Nigeria’s Passport Rises to 89th on Henley Index but Visa-Free Access Falls to 44 Destinations

    0 shares
    Share 0 Tweet 0
  • NGX Market Capitalisation Drops N1.35 Trillion as Profit-Taking Triggers 0.86% Decline

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Average Petrol Price Rises to N1,288.54 in March 2026, Anambra Pays Highest

    0 shares
    Share 0 Tweet 0
  • Naira Weakens as CBN Slashes FX Intervention by 83% in April

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Raises Petrol Price to N1,275 and Diesel to N1,950 per Litre

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>