BUSINESS
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Why FG approved 300% electricity tariff hike from N68/KwH to N225
The Nigerian Electricity Regulatory Commission, NERC, has approved an increase of electricity tariff to N225 ($0.15) per kilowatt-hour from N68. This…
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Moniepoint unveils new feature to combat fraud, enhance inclusion
Moniepoint, a microfinance bank (MFB), has unveiled a new Unstructured Supplementary Service Data (USSD) service to combat fraud and enhance…
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Cadbury Nigeria posts N19.09bn loss in 2023
Cadbury Nigeria Plc has announced a loss of 3,374 per cent for the year ended Dec.31, 2023, as it recorded…
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Transcorp Power posts N453bn pre-tax profit, declares N3.13 dividend
Transcorp Power Plc (Transcorp Power) has reported N453 billion profit before tax for the year ended Dec. 31, 2023. Mr…
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Transactions on NGX decline by 13.81%
The value of transactions on the stock market of the Nigerian Exchange Ltd.(NGX) went down by 13.81 per cent on…
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Railway Corporation passenger revenue dropped to N1.07b in Q4 2023 – NBS
The Nigerian Railway Corporation generated N1.07 billion as revenue from passengers in Q4 of 2023, the National Bureau of Statistics…
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ACAMB commends CBN over recapitalisation requirements
The Association of Corporate & Marketing Communication Professionals of Banks (ACAMB), has commended the Central Bank of Nigeria (CBN) for…
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CBN’s aggressive monetary policy tightening will boost foreign investment, strengthen Naira – expert
A renowned Economist, Prof. Ken Ife, says aggressive monetary policy tightening adopted by the Central Bank of Nigeria (CBN) will…
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Ensure smooth recapitalisation process for banks, CPPE urges CBN
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) to minimise shocks…
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Erisco/Chioma Egodi Saga: MAN advocates fair deal for manufacturers, consumers
The Manufacturers Association of Nigeria (MAN) has called for a fair regulatory environment to protect consumers and manufacturers’ interests. Its…
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