‘Flagrant Breach’: NERC Imposes ₦200m Fine On AEDC For Tariff Violations, Orders Customer Refunds
The AEDC has been given an April 11 deadline by NERC to reimburse customers who were charged a wrong tariff.
The AEDC has been given an April 11 deadline by NERC to reimburse customers who were charged a wrong tariff.
Exhibitors at a German-sponsored trade fair expressed optimism about Nigeria’s rising profile in agriculture, citing increased interest and potential collaborations.
IPMAN wants NNPC to explain how funds for drilling oil at the Kolmani River between Bauchi and Gombe were expended.
The Naira has sustained its rally against the dollar, showing resilience at both the official and parallel markets.
The FIRS says it wasn’t able to charge Tigran Gambaryan because it couldn’t access him in custody.
“Nigeria’s debt-to-GDP ratio is still sustainable. The issue with Nigeria is with regards to debt-to-revenue ratio,” says AfDB’s Urama.
Energy expert Yemi Oke criticises Nigerian government subsidising electricity without tangible benefits for consumers, and calls for subsidy restructuring.
A Renaissance Capital report suggests 2024 has a positive outlook for Nigeria with strengthening currency and rise in oil prices.
Tuesday’s trading saw the naira’s highest spot rate at N1,312 and lowest spot rate recorded at N1,250.
Dangote remains Africa’s richest man, while Adenuga, Rabiu, and Otedola also feature prominently In Forbes Billionaires List 2024.
“Products are being evacuated by sea and road,” a Dangote Refinery executive says as it’s petroleum products hit Nigerian market.
Transcorp Hotels’ audited results reveal profit for the year at N6.1bn in December 2023, up from N2.6bn in December 2022.
World’s largest cocoa exporter,
Ivory Coast, raises cocoa farmgate price from 1,000 CFA francs to 1,500 CFA francs.
Nigerian manufacturers have bemoaned the negative impact of unverified social media statements about their businesses, and are seeking protection.
Zenith Bank’s consistent excellence has again earned recognition as Best Bank in Nigeria and Retail Bank of the Year.
Shareholders have approved N20 billion dividend payout, reflecting Geregu Power’s strong financial performance and commitment to value creation.
“So you’re contending, not with external conspiracies but with internal conspiracies within Nigeria,” says Air Peace CEO Allen Onyema.
Nigeria seeks to transform its auto industry through strategic infrastructure development and local manufacturing support, reveals Trade Minister Doris Anite.
Following the launch of his airline’s Lagos-London service, Allen Onyema reveals Air Peace plans for more international destinations in 2024.
Pre-orders for Xiaomi’s SU7 electric vehicle Cars surged to 88,898 within the first 24 hours of availability.
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