Tariff hike will only affect customers enjoying 20-hour power supply – NERC
The Nigerian Electricity Regulatory Commission (NERC) says the increase in tariff will only affect customers enjoying 20 hour power supply…
Business
Again, Naira gains, now 1,238.3 per dollar at parallel market
The foreign exchange (FX) resumed on Tuesday after the Easter holiday with the Naira appreciating to 1,238.3 as Bureau De…
Diesel prices drop as Dangote Refinery sells to marketers at N1,225-N1,300/Litre, to sell PMS from May
The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a…
Recapitalization: Banks hail CBN
Banks in Nigeria have applauded the move by the Central Bank of Nigeria for their recapitalisation. The Association of Corporate…
Economist predicts drop in prices as Naira appreciates
A development economist, Prof. Ken Ife, says some sectors may soon likely witness a drop in prices as the Naira…
CBN’s New Policy on Banks’ Capital Base: Access Holdings moves to raise $1.5bn fresh capital
Access Holdings Plc, one of Africa’s leading financial groups, has unveiled plans to establish a Capital Raising Programme of up…
NIN-SIM Linkage: NCC directs telecom operators to bar non-compliant subscribers
The Nigerian Communications Commission (NCC) has confirmed that it would not be reviewing its deadline to bar owners of more…
Why we’ll closely monitor banks’ compliance with new minimum recapitalization—CBN
*Removes limit on PAPSS for trade payment services The Central Bank of Nigeria has vowed to closely monitor the Nigerian…
CBN raises commercial banks minimum capital base to N500bn
The Central Bank of Nigeria has raised the capital base for commercial banks with international authorization to N500bn and national…
Again, Naira appreciates as Dollar now sells at N1,280 in parallel market
The Naira has continued to appreciate as the US dollar is currently selling at N1,280 in the parallel market. The…