FG Approves N225/kilowatt Electricity Tariff for ‘Band A’ Customers
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday approved N225/kilowatt for Band A customers.
Band A customers are those that enjoy a minimum of 20-hour per day electricity supply.
The commission noted that the band constitutes 15% of...
Abuja Companies to Pay N650,000 for Environmental Audit – FCTA
The federal capital territory administration (FCTA) has directed companies operating in Abuja, the nation’s capital, to pay the sum of N650,000 for an environmental audit
The Abuja Environmental Protection Board (AEPB) in a letter addressed to...
DMO to Issue April 2024 Savings Bonds at 18.046%
The Federal Government through the Debt Management Office has opened offers for the April 2024 Savings Bond, with rates reaching as high as 18.046% per annum.
According to the announcement made by the DMO, the 2-year FGN...
Finally, Dangote Refinery Supplies Petroleum Products to Local Market
Dangote Refinery's group executive, Devakumar Edwin, has confirmed shipping of diesel and jet fuel into the local market.
"We have substantial quantities. Products are being evacuated both by sea and road. Ships are lining up one after...
CBN Rate Hike: PFAs to Increase Investments in Bonds
Pension fund administrators (PFAs) in Nigeria are poised to increase their investments in bonds, as the recent interest rate hikes by the Central Bank of Nigeria (CBN) are making bonds more attractive to investors. The CBN...
Nigerian Railway Generates N1bn Record Revenue in 2023 Q4 - NBS
According to the National Bureau of Statistics (NBS), the Nigerian Railway Corporation generated a record N1.07 billion in passenger revenue in the fourth quarter of 2023.
The report showed that the figure decreased by 7.51...
