ShareBy Aluta News April 15, 2024 The Transmission Company of Nigeria (TCN) says the national grid has been fully restored after Monday’s fire incident at the Afam power generating station in Rivers. TCN’s General Manager, Public Affairs, Mrs Ndidi Mbah, stated in Abuja that the fire caused a partial disturbanceContinue Reading
ShareBy Aluta News April 14, 2024 NIPCO Plc says it has completed four Compressed Natural Gas (CNG) stations in Lagos, set for inauguration by May. Mr Nagendra Verma, the Managing Director of NIPCO Gas Ltd., disclosed this during an interaction with newsmen on Sunday in Lagos. Verma, who highlighted theContinue Reading
ShareBy Aluta News April 13, 2024 The Naira on Friday experienced huge appreciation at the official market, trading at N1,142.38 to the dollar. Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that the Naira gained N88.23.Continue Reading
ShareBy Aluta News April 11, 2024 The Association of Bureau De Change Operators of Nigeria (ABCON) has commended the Central Bank of Nigeria (CBN) for its recent directive to cease the use of non-oil export domiciliary accounts for Naira loans. Its president, Dr Aminu Gwadabe, in a statement on ThursdayContinue Reading
ShareBy Aluta News April 9, 2024 The World Bank has projected that growth will rebound in African economies from 2.6 per cent in 2023 to 3.4 per cent in 2024 and 3.8 per cent in 2025. This is contained in a statement issued by the World Bank on its latestContinue Reading
ShareFOR IMMEDIATE RELEASE Lagos Nigeria – April 4, 2024 — Central Securities Clearing System (CSCS) Plc is pleased to announce the appointment of Mr. Temi Popoola as the new Chairman of the Board, effective April 1, 2024. Mr. Popoola succeeds Mr. Oscar N. Onyema, OON, who retired after thirteen yearsContinue Reading
ShareBy Aluta News April 5, 2024 Nigerian Electricity Regulatory Commission (NERC) has fined the Abuja Electricity Distribution Company (AEDC)N200 million for failure to comply with the prescribed customer band classifications for the tariff billing. This is contained in a statement issued by the NERC management in Abuja on Friday. TheContinue Reading
ShareBy Aluta News April 3, 2024 The Nigeria Customs Service (NCS) says it generated more than N1.3 trillion revenue in the first quarter of 2024. The Comptroller General (C-G) of NCS, Adewale Adeniyi, made the disclosure while briefing newsmen on its activities in the first quarter of 2024, on WednesdayContinue Reading
ShareBy Aluta News April 3, 2024 The Nigerian Electricity Regulatory Commission (NERC) has approved increase in electricity tariff paid by Band A customers from N68/KWh to N225KWh. The News Agency of Nigeria (NAN) reports that Band A are those customers who enjoy electricity supply for 20 hours per day. MrContinue Reading
ShareBy Aluta News April 3, 2024 The Naira gained at the official market, trading at N1,278.58 to a dollar on Tuesday. Data from the official trading platform of the FMDQ revealed that the Naira gained N30.81 or 2.35 per cent, compared to the previous trading date on Thursday, March, 28,Continue Reading
