Electricity distribution companies (DisCos) have started publishing their inability to meet the required power supply for Band A customers — as directed by the Nigerian Electricity Regulatory Commission (NERC). On
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The Nigerian Electricity Regulatory Commission (NERC) has asked power distribution companies (DisCos) to prioritise customers on Band A for metering. Musiliu Oseni, NERC’s vice-chairman, spoke on Monday during a meeting
The naira, on Monday, appreciated to N1,120 per dollar at the parallel section of the foreign exchange (FX) market. The current FX rate signifies a decrease of 9.67 percent from
First Bank Nigeria (FBN) Holdings has announced its plan to sell shares to private investors and existing shareholders to raise N300 billion. In a notice on Monday, the company said
The Nigeria Customs Service (NCS) has adjusted the foreign exchange (FX) rate for its tariffs and duties to N1,246 per
The Nigerian National Petroleum Company (NNPC) Limited owes around $3 billion to fuel traders for imported petrol. According to Reuters
Canal+ Group, a French TV channel, has announced plans to offer $2.9 billion to acquire South Africa’s MultiChoice deal. The
The federal government is expected to receive $1.05 billion from a syndicated loan backed by oil by the end of
The Central Bank of Nigeria (CBN) has directed all banks to stop the use of foreign currency-denominated collaterals for naira
Festus Keyamo, minister of aviation and aerospace development, says Emirates Airlines is prepared to resume flight operations to Nigeria. Keyamo
