Business

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 […]
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Interest rates up 60% on scarcity of funds

For the first time this year, the interbank money market experienced severe scarcity of funds, which occasioned interest rates to rise by over 60 per cent.

NEIMETH International Pharmaceutical set to build facility in Anambra

Governor Peter Obi of Anambra state has said that his administration attracted over N51 billion Naira investment to the State within this first quarter. Governor Obi was speaking while performing ground breaking ceremony of a Neimeth International Pharmaceutical company at Awawbia

Nigeria’s Advertising expenditure for 2013 hits N125bn

The Association of Advertising Agencies of Nigeria, AAAN has disclosed that advertising expenditure for 2013 had grown to N125 billion from N91 billion in 2012, explaining that the figure represents advertising spend from the organised private sector alone.

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