Consumers pay N1.2trn for electricity in six months — NERC
By Obas Esiedesa, Abuja Electricity consumers across Nigeria paid about N1.2 trillion for power consumed in the first six months of 2026, according to data released by the Nigerian Electricity Regulatory Commission (NERC). The figure represents revenues collected by the 11 electricity Distribution Companies (DisCos), based on NERC’s monthly commercial performance reports between January and […]
Oikocredit Int’l to boost Nigerian MFIs’ activities
The Managing Director of Oiko Credit International, Mr. Tor G. Gull, has said the establishment of Oiko Credit Nigeria office would enable it extend financial assistance to microfinance institution, MFIs.
Demand for Federal Government’s bonds rises by 14%
Demand for Federal Government of Nigeria’s (FGN) Bond soared last week, as the volume and value of bonds traded in the Over-the-Counter (OTC) bond market appreciated by 13.85 per cent and 7.1 per cent respectively.
IRS airline unveils plans to modify aircraft soon
The General Manager of IRS Airline Mr. Yemi Dada has revealed that crew members of his aircraft will soon be assessing their documents in the cockpits electronically. He disclosed this recently in a chat with journalists on the reasons his company is sticking to the Fokker aircrafts which he said best suits the Nigerian domestic aviation scene.
Nigeria partners IITA, World Bank to end food contamination
Nigeria is to collaborate with the International Institute of Tropical Agriculture (IITA) and World Bank to stop contamination of food crops by aflatoxins. ITTA said in a press statement issued in Lagos on Sunday that the collaboration was necessary to stop the huge volume of agriculture commodities lost annually to contamination by aflatoxins
Telkom sells Multi-Links to Visafone
Telkom South Africa said it has entered into a legally binding agreement to sell its Multi-Links’ Code Division Multiple Access (CDMA) business to Visafone for 52 million dollars, Telkom said on Friday.
Internal trade in ECOWAS is 17% – Group
Only 17 per cent of internal trade take place in ECOWAS region, Community Development Programme (CDP) coordinator, Dr. Guevera Yao said.
FG realizes N67bn from fertilizer sales
The Federal government has realized N67billion from sales of fertilizers across the country in spite of its 25 percent subsidy on fertilizer.
FG urged to grow debt capital market
The International Finance Coporation (IFC) has urged the Federal Government to capitalise on the favourable macro economic environ-ment to grow its debt capital market (DCM) that would generate economic growth and reduce poverty.
FCMB declares N7.9bn profit, proposes 35 kobo dividend
First City Monument Bank (FCMB) Plc has recorded a Profit After Tax (PAT) of N7.935 billion in the financial year ended December 31, 2010, representing an increase of 837 per cent growth in post-tax earnings on an annualised basis compared to the N564 million for the 8-months ended December 2009, following the 2009 change in financial year-end.
NB: Gulder expends N7.2m on NCP
Nigerian Breweries (NB) Plc, maker of Gulder Lager beer said it’s set to reward its consumers through a National Consumer Promotion (NCP), where consumers stand a chance to win 24 brand new Honda Accord cars, as N7.2 million is expended.
