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GTBank Customers Groan Over Network Downtime

Nigerian customers of the Guaranty Trust Bank (GTB) are grappling with network downtime, rendering transactions impossible via the bank’s app, USSD or Point of Sale terminals. As observed, the network problem, which started on April 4, 2024, persisted without resolution as at yesterday. Customers…
07/04/2024

New Tarrif: NERC Slams N200m Fine On AEDC Over Violation

The Nigerian Electricity Regulatory Commission (NERC) has slammed a fine of N200 million on the Abuja Electricity Distribution Plc (AEDC) over the Disco’s non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for power distribution companies (DisCos). NERC disclosed…
05/04/2024

FG Increases Electricity Tariff For Band A Customers

The Federal Government has jacked up the electricity tariff for Band A customers. Band A are those who enjoy electricity supply for 20 hours per day. At a press briefing in Abuja on Wednesday, Musliu Oseni, Vice Chairman of the Nigerian Electricity Regulatory Commission…
03/04/2024

Dangote Plans One Million-litre Diesel Sale to Each Marketer

The $20bn worth Dangote Petroleum Refinery has commenced the sale of Automotive Gas Oil, popularly called diesel, to oil marketers nationwide. Dealers and officials of the plant confirmed this on Tuesday, as it was gathered that the refinery commenced diesel sales last week. “They…
03/04/2024

FG Announces New Gas Price For Electricity Generating Companies

The Federal Government, on Monday, announced a new price of natural gas for power generation companies. An agency of the Federal Government, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), unveiled the new domestic base price and wholesale prices of natural gas…
02/04/2024

Access Holdings Plans $1.5bn Capital Raising Programme

Access Holdings Plc has unveiled plans to establish a capital raising programme of up to $1.5 billion. The programme aims to raise $1.5 billion through a share sale or bond offering. The company also plans to ask existing shareholders to raise N365 billion…
31/03/2024

NCC Extends Deadline for SIM-NIN Linkage to July 31

The Nigerian Communications Commission has directed telecommunication companies to extend the disconnection of telephone lines not linked to National Identification Numbers from April 15, 2024, to July 31, 2024. A reliable source within the telecommunication sector disclosed this information to press. This decision communicated…
31/03/2024

13 New Governors Borrowed N226.8bn in Six Months – DMO

In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers. This emerged as findings by Sunday PUNCH showed that 16 state governors also increased the debt profile of their states by N509.3bn with domestic and…
31/03/2024
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