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Category: Business

Business Economy headline

FG says more hike in electricity tariff coming

Iheanyi Ejiofor April 5, 2024 No Comments #Electricity tariff

Our reporter/ Barely 48 hours after the Nigerian Electricity Regulatory Commission (NERC) approved increase of electricity tariff for customers under the Band A classification, the federal government on Friday said…

Read More FG says more hike in electricity tariff coming
Business Economy headline

NERC fines AEDC N200m for overcharging customers, orders refund

Iheanyi Ejiofor April 5, 2024 No Comments #AEDC#NERC

Our reporter/ The Nigerian Electricity Regulatory Commission (NERC) has fined Abuja Electricity Distribution Plc (AEDC) N200 million over tariff violations after overcharging customers. In a statement on Friday, NERC said…

Read More NERC fines AEDC N200m for overcharging customers, orders refund
Business Economy headline

Hike in electricity tariff callous and short sighted, Northern elders chides Tinubu

Iheanyi Ejiofor April 5, 2024 No Comments #electricity tariff hike#Nothern elders#Tinubu

Our reporter/ The Northern Elders Forum (NEF) has expressed concern and disappointment on the recent decision by Tinubu’s government to increase in electricity tariff. In a statement on Thursday night,…

Read More Hike in electricity tariff callous and short sighted, Northern elders chides Tinubu
Business Economy headline

Nigerian Breweries records net loss of N106 billion, to raise N600 billion capital via rights issue

Iheanyi Ejiofor April 4, 2024 No Comments #Nigeria Breweries

Nigerian Breweries Plc plans to raise up to N600 billion through a rights issue to address challenges posed by the Naira devaluation and high borrowing costs. Uaboi Agbebaku, the company’s…

Read More Nigerian Breweries records net loss of N106 billion, to raise N600 billion capital via rights issue
Business Economy headline

Binance Chief in court over alleged tax evasion

Iheanyi Ejiofor April 4, 2024 No Comments #Biance

The Federal Government is set to arraign Binance Holdings Limited and its two top officials, Tigran Gambaryan and the fleeing Nadeem Anjarwalla on allegations bordering on tax evasion. The company…

Read More Binance Chief in court over alleged tax evasion

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