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Discos failed to remit N208bn in 2022 – FG
Power distribution companies failed to remit a total of N208.8bn to the Nigeria Electricity Supply Industry in 2022, the Federal ...Fluctuating exchange rate: Abuja Disco to increase tariff from July 1st
The Abuja Electricity Distribution Company has said it will increase tariffs due to the fluctuating exchange rate in the country. ...Despite naira float, FAAC adopts N436.38/$1 FX rate for June
The Federation Account Allocation Committee has adopted N436.38/$ as exchange rate for the calculation of the forex component of federally ...Financial system rotten under Emefiele, says Tinubu
President Bola Tinubu, on Friday in Paris, France, described Nigeria’s financial system under the suspended Governor of the Central Bank ...Nigeria’s low revenue worries DMO as debt nears N81tn
Nigeria’s total public debt may hit N81.64tn this year. According to findings by The Punch, the figure was arrived at ...Eidel-Kabir: Subsidy removal, naira devaluation hike Ram price
With a week to this year’s Eidel-Kabir celebration, Muslim faithful across Nigeria are lamenting the high cost of ram and ...Naira closes N756/$ as trading rises at investor’s window
The naira appreciated by 1.79 per cent against the United States dollar on the Investor & Exporter forex window on ...Nigerians kick, FG implements 7.5% VAT on diesel
The Federal Government has confirmed that it had commenced the implementation of the payment of 7.5 per cent Value Added ...$78m FX deals recorded as naira closes at 770/$
Nigeria’s legal tender, the naira, closed at N770 per dollar at the investors and exporters window on Monday, beginning the ...Oil thieves are not hidden, must be part of discussion – Cole
The candidate of the All Progressives Congress in the 2023 governorship election in Rivers State, Tonye Cole, says those responsible ...
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