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, said this while briefing newsmen on its activities in the first quarter of 2024, on Wednesday in Abuja. “The total revenue collected during this […]

In a move sparking immediate backlash, the Nigerian government, through the Nigerian Electricity Regulatory Commission (NERC), announced a significant increase in electricity tariffs for Band A customers. This category, representing roughly 15% of the nation’s power users and promised up to 20 hours of daily supply, will now pay N225 per kilowatt-hour (kWh), […]

The vice president of NERC said said that the Commission is empowered by its Act to ensure that the licenses operating efficiently are allowed to recover sufficient revenue for the capital invested, The vice president of the Nigeria Electricity Regulatory Commission (NERC), Musiliu Oseni, has explained the reasons behind the […]

Tinubu Government Raises Electricity Tariff For Nigerians From N66 To N225 Kilowatt Per Hour The President Bola Tinubu-led Nigerian government has approved N225 ($0.15) per kilowatt-hour tariff increment for Band A electricity consumers in the country. The Vice Chairman of the Nigerian Electricity Regulatory Commission (NERC), Musliu Oseni, who made this known at […]

The Central Bank of Nigeria’s recapitalisation terms has been described as a needed drive capable of revolutionising the banking sector and making the government’s goal of attaining a $1 trillion economy by 2026 feasible. This position is contained in a report released by Agusto&Co, a global credit rating and research firm, on Tuesday. […]

The Nigerian Electricity Regulatory Commission (NERC) has announced an increase in the tariff payable by electricity customers to N225/kWh. This follows the recent increase of base price for natural gas from. $2.18 to $2.42 per metric million British thermal unit (mmbtu) by Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). […]

The Nigeria Customs Service (NCS) has announced an increase in its revenue, generating N1.347 trillion in the first quarter of 2024. This indicates a 122.35 percent increase compared to the N606.1 billion recorded within the same period in 2023. Read also: Nigeria Customs Service denies fraud allegations in e-auction process Bashir […]

First Bank recently published list of their debtors. The one wey shock me pass na University of Ibadan’s NASU. The body is owing N2billion. Wetin dem use am do?   1 Starcomms Plc 40,670,992,350.81 2 Absaf & Co Nigeria Limited 9,190,730,210.42 3 Saidon Africa Limited 7,400,539,827.05 4 Sanor Engineering Nigeria […]

Cadbury Nigeria Plc reported a pre-tax loss of N28.2 billion in FY 2023, marking a whopping 2269% decline from the N1.3 billion pre-tax profit posted in 2022. According to the company’s audited financial statement for 2023, Cadbury Nigeria posted a revenue of N80.4 billion in 2023, reflecting a 46% growth […]

Marhelm is a Singapore based platform that provides shipping data, commodities, and trade flow analysis. Marhelm @Marhelmdata The Dangote refinery has shipped its inaugural naphtha cargo to Asia and a fuel oil cargo to the United States