ShareMay 9, 2024 The Federal Government, through the Debt Management Office (DMO), has offered three FGN bonds valued at N150 billion each for subscription at N1,000 per unit. According to a release by the DMO,… FG offers 3 bonds valued at N450bn for subscription at N1,000/ unit
ShareMay 8, 2024 Some Point of Sale (PoS) agents in the FCT, have frowned at the new directive of the Corporate Affairs Commission (CAC) for them to register with the commission. The News Agency of… PoS agents frown at CAC’s registration mandate, says customers will pay more
ShareMay 7, 2024 A financial expert, Prof. Uche Uwaleke says the newly introduced 0.5 per cent charges on electronic transactions as cybersecurity levy by the Central Bank of Nigeria (CBN) is ill-timed. Uwaleke, a professor… CBN’s cybersecurity Levy ill-timed, negates financial inclusion – expert
ShareMay 7, 2024 The Nigerian National Petroleum Company (NNPC) Ltd. says it has over 1.5 billion litres stock of Premium Motor Spirit (PMS), also known as petrol, which will last for over 30 days. Mr… NNPC Ltd. reassures public with over 1.5bn litres of petrol
ShareMay 6, 2024 The Nigerian Electricity Regulatory Commission (NERC) has approved a downward review of electricity tariff for Band ‘A’ customers from N225/kWh to N206.80/kwh. Under the approved review, Band ‘A’ customers who were previously… NERC slashes Band ‘A’ electricity tariff to N206.80 /Kwh
ShareBy Aluta News May 4, 2024 The Nigerian Electricity Regulatory Commission (NERC), has unbundled the Transmission Company of Nigeria (TCN) with the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO) The company… NERC unbundles TCN, establishes new system operator
ShareBy Aluta News May 2, 2024 The Nigeria Deposit Insurance Corporation (NDIC), has reviewed upward the maximum deposit insurance coverage for depositors of all licenced deposit taking financial institutions in event of bank failure.The News… NDIC increases maximum deposit insurance coverage for failed banks
ShareBy Aluta News April 30, 2024 The Nigerian Electricity Regulatory Commission (NERC), has announced deregulation of meter prices under the Meter Asset Provider (MAP) Scheme for end-user customers. This is according to a statement by… NERC deregulates meter prices under MAP
ShareBy Aluta News April 18, 2024 The Central Bank of Nigeria (CBN) has reduced the Loan-to-Deposit Ratio (LDR) of deposit money banks from 65 per cent to 50 per cent. This is according to a… CBN reduces bank’s LDR to 50% to improve real sector lending
ShareBy Aluta News April 15, 2024 The Port Terminal Multiservices Ltd. (PTML) Command of Nigeria Customs Service (NCS) has recorded N66.9 billion revenue in the first quarter of the year. The Customs Area Controller (CAC),… Q1:PTML customs rakes N66.9b, surpasses 2023 revenue