Business

Adeyeye: NERC Will Continue To Adjust Electricity Tariff For Band A Customers Based On Economic Factors

The NERC has said that they will be adjusting electricity tariff every month instead of every 6-months as originally planned.

5 months ago

CBN Mandates 0.5% Cybersecurity Levy on Electronic Transactions To Curb Cybercrime 

ECBN has ordered the implementation of 0.5% cybersecurity levy on electronic transactions to combat rising cybercrime threats.

5 months ago

Shell Poised To Exit South Africa’s Downstream Unit, To Divest Majority Stake

Shell is set to sell its majority stake in Shell Downstream South Africa, announcing plans to reshape its downstream portfolio.

5 months ago

Ikeja DisCo Cuts Band A Tariff to N206.80/kwh, Effective May 6

Ikeja DisCo reduced Band A tariff from N225/kwh to N206.80/kwh, effective May 6, addressing concerns about electricity affordability and access.

5 months ago

Afreximbank Welcomes Nigeria as 16th Country to Sign Establishment Agreement for Export Development Fund

Nigeria has linked up with 15 other African countries to join Afreximbank's fund for export development.

5 months ago

Fuel Scarcity in Nigeria a Persistent Sore, Says NECA, Calls for Urgent Government Intervention

EXCERPT: NECA described fuel scarcity as a persistent issue impacting Nigeria's productivity, urging swift government action to address the problem.…

5 months ago

GTCO, Zenith, Access, Others Report Massive Profit Increase of N1.13tn in Q1 2024 

GTCO, Zenith, Access and 5 other banks reported N1.13 trillion profit in Q1 2024, a 267% increase from 2023.

5 months ago

Antigua and Barbuda Prime Minister Woos Nigerian Investors, Lauds Air Peace 

PM Browne says his country looks forward to when Air Peace will begin scheduled direct flights into Antigua and Barbuda.

5 months ago

Fitch Revises Nigeria’s Outlook to Positive, Says Economic Reforms Have Reduced ‘Distortions’

Fitch ratings is anticipating a further monetary tightening by the CBN in the second half of 2024.

5 months ago

Firm Unveils Partnership to Produce 1,000 Jobs through Agriculture

Social entrepreneurship organisation, TOVA, has struck a new deal with an Israeli company for agricultural turn-key projects.

5 months ago