Georgieva to serve second term as IMF’s MD
The Executive Board of the International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on Oct. 1, 2024. In…
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GTCO posts N609.3bn pre-tax profit
Guaranty Trust Holding Company Plc (GTCO) has reported a Profit Before Tax of N609.3 billion for the financial year ended Dec. 31, 2023. This represents an increase of 184.5 per…
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Tariff hike: NSE demands sanctions for DisCos on power outage
The Nigerian Society of Engineers (NSE) has called on electricity distribution companies to be transparent and accountable while implementing the new tariff. NSE President, Mrs Margaret Oguntala, made this call in…
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FG’ll remove obstacles hindering growth of SMEs – SMEDAN
Mr Charles Odii, Director-General, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), has expressed the Federal Government’s readiness to remove obstacles hindering the growth of Small and Medium Enterprises…
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Abuja chamber faults hike in tariff, says it ‘ll stifle businesses
The Abuja Chamber of Commerce and Industry (ACCI), has expressed concern over the recent increase in electricity tariffs, saying it could negatively impact on the ease of doing business in…
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New Tariff: Discos get April 11 deadline to refund customers wrongly billed
The Nigerian Electricity Regulatory Commission (NERC) has given 11 electricity distribution companies till April 11, 2024, to refund customers wrongly billed at the new rate. This was contained in a…
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CBN’s monetary policy tightening ‘ll strengthen Naira, says expert
A renowned Economist, Prof. Ken Ife, says aggressive monetary policy tightening adopted by the Central Bank of Nigeria (CBN) will attract foreign portfolio investments to the country. Ife, who is…
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Lagos pays N4.48bn pension benefits to 1,455 retirees
Lagos State paid another set of 1,455 retirees a total of N4.48 billion on Thursday as accrued pensions disbursed for the month of March. The payment was made at the…
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Value addition, new standard in mining operations – Alake
The Minister of Solid Minerals Development, Dr Dele Alake has declared value addition as the new indispensable standard for mining operations in the country. Alake made the declaration in a…
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Nigeria’s public debt stock increases to N97.34trn in Q4 2023 – NBS
Nigeria’s public debt stock increased from N87.91 trillion (114.35 billion dollars ) in the third quarter of 2023 to N97.34 trillion (108.23 billion dollars ) in the fourth quarter of…
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