Forex Crisis: NERC to Deregulate Meters Prices The Nigerian Electricity Regulatory Commission on Monday released an order on the Deregulation of Meter Prices for meters deployed under the Meter Asset Provider Scheme. It said the prices of meters were deregulated after Meter Asset Providers and other...

Senate Working on Strategies to Tackle Naira Crisis The Senate Committee on Finance has expressed worry over, “the instability and continuous depreciation of the naira.” In a statement issued on Sunday, the Chairman of the Committee, Senator Mohammed Sani Musa, said the committee is monitoring the...

Naira Appreciates to 1,275/$ at Parallel Market The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend. The new rate represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded...

Maersk to Invest $600m for Expanding Port Infrastructure A.P Moller-Maersk, Danish shipping and logistics company, says it will invest $600m to expand existing port infrastructure to accommodate more container shipping services in Nigerian ports. This followed closed-door talks between President Bola Tinubu and the company’s Chairman,...

Tinubu, Bill Gates Propose Digital Identity Platform for Seamless Tax Collection Bill Gates, former chief executive officer (CEO) of Microsoft, says he is working with the federal government (FG) on an identity technology platform for easy tax collection. Gates spoke during a meeting with President Bola...

Currency Management Necessary in Expunging Corruption, Artificial Element in Naira Value President Bola Tinubu says currency management in the country is necessary to remove the artificial element of the value of the naira. Tinubu spoke on Sunday during the opening plenary of the World Economic Forum...