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Category: Business
Cooking gas price may drop
The cost of liquefied petroleum gas, otherwise known as cooking gas, appears to be on a downward spiral lately.Consumers who spoke with The PUNCH in…
NDIC begins verification, payment of insured deposits to Heritage Bank customers
The Nigeria Deposit Insurance Corporation said it has commenced the liquidation of Heritage Bank Plc.NDIC assured all that it would pay depositors of the failed…
Cost of Airfares increase by 19% in Nigeria – NBS
Airfares in Nigeria increased by 19 percent to N89.189.19 in April 2024 compared to the same period last year.The National Bureau of Statistics, NBS, disclosed…
Electricity customers in Nigeria without meters hit 55.61% – NERC
The number of electricity customers in Nigeria without meters stood at 7,319,846 million.The Nigerian Electricity Regulatory Commission’s latest industrial data showed that only 5,842,726 electricity…
609,585 customers get meters, 7.3 million unmetered – FG
The latest update on metering by the Federal Government has shown that 609,585 electricity consumers were metered in 2023, while the number of unmetered registered…
Naira crashes massively against dollar 24 hours after Tinubu’s anniversary
The Naira recorded its first massive depreciation against the dollar at the foreign exchange market 24 hours after President Bola Ahmed Tinubu’s first anniversary.FMDQ data…
Nigeria’s money supply dropped to N92.3trn in March – CBN
Nigeria’s money supply dropped marginally to N92.3 trillion in March 2024 from N93.9 trillion in February.This is according to recent data from the Central Bank…
Forex Crisis: Naira appreciates twice, drops thrice in seven days
The Naira recorded two appreciations and three depreciations in the last week amid the foreign exchange crisis.The development comes as the Naira closed on Friday…
It’s safe – Nigerian govt allays fear on N20tn pension fund
The Nigerian government has said the country’s N20 trillion pension fund is safe and secure.The Minister of Finance, Wale Edun, disclosed this in a statement…
Tinubu okays payment of N3.3tn power sector debts
*Gencos, gas producers to get N1.3tn, $1.3bn via cash, promissory notes, royalties As part of the measures to tackle incessant power outages in the country,…