After IMTOs Engagement, Remittances Rose to Almost $600m in September – Cardoso
The Central Bank of Nigeria (CBN) says remittance inflows rose to almost $600 million as of the end of September.
Olayemi Cardoso, CBN governor, announced at a special summit dinner organised by the Nigerian...
Discos Revenue Rise by 61.4% After 230% Electricity Tariff Hike
Revenues earned by electricity Distribution Companies (Discos) in Nigeria have risen by over 61.4 per cent after the Nigerian Electricity Regulatory Commission (NERC) approved a 230 per cent tariff increase for Band ‘A’ customers nationwide...
Unmetered Electricity Customers Now 7.3 million – NERC
Metering of electricity customers across the country has remained a challenge as number of unmetered customers rises to 7.3 million.
The latest figures, released by the Nigerian Electricity Regulatory Commission (NERC) showed that out of over 13.16 million...
NBS Reveals Nigerians Paid 64.58% More For Diesel in August
The average retail price of Automotive Gas Oil, popularly called diesel, in Nigeria surged by 64.58 per cent year-on-year, reaching N1,406.05/litre in August 2024 compared to the N854.32/litre recorded in the same month last year.
This...
Rail Transport Earns N1.69 billion in Q2 – NBS
The Nigerian rail system generated N1.69bn in revenue from passengers in the second quarter of 2024, reflecting a 53.14 per cent increase compared to the N1.10bn recorded in the same period of 2023.
This data was disclosed...
Nigeria’s Inflation Declines by 1.23% in August – NBS
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate further declined to 32.15 per cent in August 2024.
The NBS said this in its Consumer Price Index (CPI) and Inflation Report for August 2024, which...
