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FCCPC seeks uniform consumer protection as states open electricity markets

FCCPC seeks uniform consumer protection as states open electricity markets

By Progress Godfrey The Federal Competition and Consumer Protection Commission (FCCPC) has called for stronger collaboration among electricity sector regulators to ensure uniform consumer protection and regulatory certainty. The call comes at the backdrop of decentralization of electricity and establishment of electricity markets at sub-national levels along with creation of regulatory systems by state governments. Executive […]

Dollar to Naira exchange rate today, August 4, 2026

Dollar to Naira exchange rate today, August 4, 2026

The naira traded around the ₦1,368 level against the United States dollar at the official Nigerian Foreign Exchange Market (NFEM) on Tuesday, August 4, 2026, while the parallel market continued to quote the dollar above ₦1,400.

Banks’ deposits rise 670% to N83.95trn

Banks’ deposits rise 670% to N83.95trn

•As borrowings drop By Elizabeth Adegbesan Banks’ deposits in the Central Bank of Nigeria, CBN, Standing Deposit Facility, SDF, recorded a sharp increase by 670.2 percent year-on-year (YoY) to N83.95 trillion in July 2026 from N10.9 trillion in July 2025. On the other hand banks’ borrowing from the apex bank’s Standing Lending (SLF) fell by 82 […]