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, the first offer is the five-year re-opening of the April 2029 FGN bond valued atContinue Reading
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 Nigeria (NAN) reports that CAC had on Monday issued a two-month registration deadline to PoSContinue Reading
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 of capital market and the president of the Capital Market Academics of Nigeria, said thisContinue Reading
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 Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., said this in a statement on Tuesday.Continue Reading
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 charged N225/Kwh are now to pay N206.80/kwh. The band’s customers are those who enjoy aContinue Reading
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 disclosed this in an order signed by its Chairman, Mr Sanusi Garba and Mr MuslimContinue Reading
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 Agency of Nigeria (NAN) reports that deposit insurance is the government’s guarantee that an accountContinue Reading
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 the commission in Abuja on Monday signed by Mr Garba Sanusi, the Chairman of NERCContinue Reading
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 letter by Dr Adetona Adedeji, CBN’s Acting Director, Banking Supervision Department, addressed to all banks.Continue Reading
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), PTML Command, Comptroller, Saidu Yusuf, said this at a news conference in Lagos on Monday.Continue Reading
