Ebonyi proposes law to regulate house rents, agent fees, scrap metal trade

Ebonyi proposes law to regulate house rents, agent fees, scrap metal trade

By Jeff Agbodo, Abakaliki The Ebonyi State Executive Council (EXCO) has approved the transmission of bills to the Ebonyi State House of Assembly seeking to regulate house rents, fees charged by estate agents, and the sale of metal and electrical scraps in the state. The State Commissioner for Information and State Orientation, Chief Ikeuwah Omebeh, […]
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FG pays N330bn to GenCos, issues N729bn bonds to investors

FG pays N330bn to GenCos, issues N729bn bonds to investors

The Federal Government on Tuesday disclosed that it has paid about N333 billion to eight electricity generation companies (GenCos) under its power sector debt settlement programme, and launched a second N729 billion bond issuance aimed at clearing more legacy debts and restoring liquidity in the Nigerian Electricity Supply Industry (NESI).

CBN retains interest rate at 26.5%

CBN retains interest rate at 26.5%

…Says Forbearance Era Over as Reserves Hit $52.5bn By Emma Ujah, Abuja Bureau Chief The Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 26.5 per cent, citing the need for a cautious monetary policy stance amid global economic uncertainties. CBN Governor, Mr. Olayemi Cardoso, announced the decision on Tuesday at […]

CBN retains MPR at 26.5%

CBN retains MPR at 26.5%

CBN Governor Olayemi Cardoso announced this on Tuesday after the 306th Monetary Policy Committee (MPC) meeting.