FG Clarifies Recent Electricity Tariff Hike
The Nigerian government has explained that the recent increase in electricity tariffs mainly affects a small, affluent portion of the…
Day: April 16, 2024
$461m investment gap slows Nigeria’s internet coverage
As of January, Nigeria’s broadband penetration dropped to 42.53%, with 92.19 million subscriptions in a country of over 200 million…
UBA expresses confidence in meeting new N500bn capital base
United Bank for Africa Plc (UBA) has affirmed its confidence in meeting the new capital base set by the Central…
Royal Exchange Rights Issue Falls Short at 75.83% Subscription
Royal Exchange Plc, a company offering life assurance, health insurance, and credit financing services, saw its recent rights issue close…
Manufacturers may head for court over unsettled forex backlog – MAN DG
In this interview, the Director-General of the Manufacturers Association of Nigeria, Segun Ajayi-Kadir, discusses the impact of unremitted dollar debts…
Transcorp Power Targets 740MW Electricity From Ughelli Power Plant
Transcorp Power has revealed its ambition to boost electricity generation at its Ughelli power plant, targeting a peak of 740…
Local Refinery To Buy Crude In Naira — FG
iThe Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has introduced a new template to facilitate seamless domestic crude oil supply, including…
SEC, Capital Market Community Hold Q1 Meeting
The Securities and Exchange Commission (SEC) has revealed plans for the Capital Market Committee (CMC) meeting, scheduled to be held…
UBA outlines growth strategies for 2024
United Bank for Africa (UBA) Plc has unveiled its strategies to bolster growth prospects for the 2024 financial year. During…
Food inflation hits 40% in Nigeria as prices continue to soar
The National Bureau of Statistics (NBS) has reported a staggering increase in food inflation to 40% in March, marking a…