FG Increases Gas to Power Price Price By 11%
The federal government has announced an increase in the wholesale price of gas to power plants by 11 per cent from $2.18 per MMBTU (Million British Thermal Unit) to $2.42/mmbtu.
The gas companies had since January this...
DisCos Revenue Surge to N1tn, Unmetered Customers Hit 5.8m
Despite the persistent epileptic power supply nationwide, revenue generation by electricity distribution companies in Nigeria surged to N1.1trn within the 12 months of 2023, a new report has revealed.
The figure represents an increase of N234.4bn or...
Naira Soars by 21.8% Against Dollar in March
In March 2024, the Naira saw a dramatic turnaround against the US dollar, with the exchange rate closing at N1309/$1 on the last trading day of the month.
This marked a significant 21.8% gain from the rate of...
CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain
The Central Bank of Nigeria (CBN) says Nigerian economy has recorded inflow of over $1.5 billion as Naira continues to strengthen against Dollar.
According to the apex bank, the inflow into the economy over...
CBN Reports Over $1.5bn Inflow into Economy as Naira Continues to Gain
The Central Bank of Nigeria (CBN) says Nigerian economy has recorded inflow of over $1.5 billion as Naira continues to strengthen against Dollar.
According to the apex bank, the inflow into the economy over...
Eko Disco Appoints Rekhiat Momoh as Acting CEO
In a major shakeup of its management team, Eko Electricity Distribution Company (Eko DisCo) has appointed Mrs Rekhiat Momoh as acting Chief Executive Officer (CEO), following the redeployment of Mrs Tinuade Sanda to WPG Ltd. Her appointment...
