NERC To Review Electricity Tariffs, Capital Expenditure In July       The Nigerian Electricity Regulatory Commission on Monday announced that another tariff review for Nigeria’s 11 power distribution companies would hold in July. It disclosed this in its notice of Minor and Extraordinary Review of Tariffs for Electricity...

Reps To Raise FMBN’s Capital To N100bn       The House of Representatives is considering raising the capital base of the Federal Mortgage Bank of Nigeria from the current N5bn to N100bn. Also, the mortgage bank may also be opened to private investors and shareholders. These are proposed in...

Oil Falls To $65 As India’s COVID-19 Cases Surge       The global oil benchmark, Brent crude, declined on Monday as the Organisation of the Petroleum Exporting Countries and its allies indicated that it was watching surging COVID-19 cases in India, the world’s third-biggest oil importer. Brent crude,...

Petrol Price: FG, Labour To Reach An Agreement - NNPC       The price of petrol is not going to be adjusted despite the fluctuations in global crude oil prices until the Federal Government, labour and other stakeholders agree on pricing issues. Group General Manager, Group Public Affairs...

Oil Imports Gulped $1.32bn In 2020 - CBN       The quantity of foreign exchange used for oil imports in 2020 was $1.32bn, compared to $2.10bn in 2019, the latest data from the Central Bank of Nigeria have shown. The CBN’s data on sectoral utilisation for transactions valid...

Banking Sector Recorded N356.47trn e-transactions In Q4, 2020 – NBS     A total volume of 3.46 billion transactions valued at N356.47tn were recorded in the fourth quarter of 2020 as data on electronic payment channels in the Nigeria banking sector. The National Bureau of Statistics disclosed this...