NIGERIANS have been thrown into confusion over whose authority supersedes on the issue of electricity tariff increase. No sooner than President Muhammadu Buhari, assured Nigerians that there will be no hike until supply improved significantly, than the Nigerian Electricity Regulatory Commission, NERC, last week declared a new tariff regime effective from November 1.

RENEWABLE energy is expected to represent the largest single source of electricity growth over the next five years, driven by falling costs and aggressive expansion in emerging economies, the France-based International Energy Administration, IEA, said in its annual market report.

ONE of the take home messages from the Group Managing Director, the Nigerian National Petroleum Corporation, NNPC, Dr. Emmanuel Ibe Kachikwu, after scaling his ministerial screening was that finally, the nation’s four refineries will be made to work.

THE Central Bank of Nigeria (CBN) has dismissed the call for further devaluation by the Emir of Kano, and immediate past Governor of the bank, Mallam Muhammad Sanusi II, saying there would be no further devaluation of the naira.

UNION Bank of Nigeria Plc has announced impressive financial performance for the nine month period ended September 30, 2015 with the profit before tax for the period growing to N13.17 billion.

THE Organised Private Sector, OPS, has hailed the Bank of Industry (BOI)for the N2 billion Graduate Entrepreneurships Fund it unveiled three weeks ago to tackle youths unemployment in the country.

THE Nigerian National Petroleum Corporation, NNPC, and Shell Petroleum Development Company of Nigeria, SPDC, have reiterated their commitment to promoting sustainable development in the area of their operations across the country.

IN a bid to improve the profession of African youths in upholding a sustainable career development in oil and gas, the Robert Gordon University, RGU, of Scotland, has put forward a string of seminars focused on energy and engineering taking place in Nigeria and Ghana.

Nigeria Interbank Settlement System (NIBSS) said that about 21 million bank customers have enrolled for the Biometric Verification Number (BVN), five days to the October 31st deadline for enrolment. Meanwhile, the Company said it paid N234 million as electronic payment incentives to 1,497,970 cardholders through 21 banks between November last year and June 30th this year.

Association of Bureaux De Change Operators of Nigeria (ABCON) has faulted the decision of the Central Bank of Nigeria (CBN) to make the biometric verification number mandatory requirement for foreign exchange transactions. Recall that the CBN on Wednesday issued a circular which stipulated the use of BVN for all foreign exchange transactions from November 1st, 2015.