Nigeria leads Africa investability gains
•Up four places in Bloomberg’s ranking By Yinka Kolawole Nigeria has emerged as the biggest climber among major African economies in Bloomberg Economics’ 2026 Investment Risk-O-Meter, rising four places to eighth position on the back of improved economic and fiscal fundamentals. The latest scorecard released yesterday, which assesses the relative investability of 19 African economies, […]
Forex: Bankers Committee cancels commission on BTA, PTA, others
The Bankers Committee yesterday decided that banks should no longer charge commission on foreign exchange transactions for Business Travel Allowance (BTA), Personal Travel Allowance (PTA), payment of medical bills and school fees.
Power: Consumers groan as DISCOs continue extortion
DESPITE improvement in the country’s power generation to a peak of 4, 351.70mega watts, MW, couple of days ago, Nigerians continue to groan over erratic power supply.
LPG: Stakeholders decry high tariff
Stakeholders in the gas sector have raised alarm over the continuous hike in tariff on the liquefied petroleum gas, LPG product, decrying the high price on LPG equipment which acts as a disincentive for investment.
Intervention fund: FG pays N252bn to GENCOs in seven months – Investigation
THE Federal Government has disbursed about N252 billion to the electricity generation companies, GENCOs for power generated within seven months (January to July 2017).
DPR rolls out new strategy to tackle lingering fuel crisis
The Department of Petroleum Resources, DPR, yesterday, commenced a strategic monitoring of the country’s fuel supply situation across the country and also rolled out other initiatives, which it said are part of new measures to end the fuel crisis currently ravaging the country.
