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Manufacturers, labour fume over 240% electricity tariff hike for Band A customers

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), […]

Business

Tinubu’s Government Raises Electricity Tariff From N66 To N225 Per KPH

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 […]

Business

CBN’s recapitalisation exercise will revolutionise the banking industry, transform the economy – Agusto&Co

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. […]