Power Generation Drops 32.31%, NESO Says
Amidst on-going dust raised by the new electricity tariff at the backdrop of inadequate power supply, electricity generation nosedived to 2,775 megawatts, MW, yesterday, a 32.3 percent decline from 4,099.87MW recorded last week.
This was contained in the data released...
Manufactured Goods Imports Rise 269% to N9trn – NBS
The value of manufactured goods imported into the country rose Year-on-Year (YoY) by 268.76 percent to N9.03 trillion in the fourth quarter of 2023 (Q4’23) from N2.45 trillion in the same period in 2022.
The figure also...
FG Pays N4.83tn of Ways and Means Advances – Wale Edun
The federal government used part of the Nigerian Treasury Bills (NTBs) and Bonds issued in 2024 to pay down Ways and Means advances from the Central Bank of Nigeria (CBN) by N4.83 trillion, the...
Meter All 'Brand A' Feeders, NERC Tells DisCos
The Nigerian Electricity Regulatory Commission (NERC) has said it should be the priority of power distribution companies to meter all customers on Band A feeders.
This came barely one week after the NERC approved over 200 per cent...
Recapitalisation: Banks May Consider Huge Dividend Payment – Expert
Some analysts are projecting that banks may incentivise their shareholders with jumbo dividend payouts ahead of their capital-raising endeavours to meet the new requirements of the Central Bank of Nigeria.
In March, Nigeria’s apex bank issued a...
Nigeria may get $1bn Afreximbank Loan in May
Nigeria is set to receive a $1.05bn syndicated loan backed by oil from the African Import Export Bank next month.
The loan is part of a larger $3.3bn prepayment facility arranged by Afreximbank, with repayment terms tied to...
