Business

The Central Bank of Nigeria (CBN) has removed N676.65 billion from circulation through the Open system Operation (OMO) operation at a 21 percent interest rate in an attempt to purify the financial system. There are two purposes for the auction. Its main goal is to control the liquidity of the …

Following the planned increase of electricity tariff by the Nigerian Electricity Regulatory Commission, the agency has released the full list of states with areas enjoying 20 to 24 hours of power supply. The agency on Wednesday, approved an increase in electricity tariff for customers under the Band A classification. Band …

Electricity tariff  for customers under the Band A classification have been increased by the Nigerian Electricity Regulatory Commission. Customers under Band A are those who enjoy 20 hours of electricity supply daily. This was disclosed by the Vice Chairman, NERC, Musliu Oseni, while speaking at a press conference in Abuja …

The Nigeria Customs Service says it generated N1.3 trillion in revenue for the first quarter of 2024. The Comptroller General of Customs, Adewale Adeniyi, stated this during a press briefing in Abuja on Wednesday. He also stated that over 572 seizures were made with a duty-paid value of N10bn. He …