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Nigerian Senate Begins Probe Into Hike in Electricity Tariff
The Nigerian Senate has begun investigating the hike in electricity rates in eleven states.During Monday's meeting at the Senate-wing National Assembly, the Red Chamber threatened to punish any person...
Indorama Goes Into $75 Million Loan Agreement With AfDB
It has been reported that Indorama Eleme Fertiliser and Chemicals Limited, a Nigerian company, and the African Development Bank have concluded a $75 million loan agreement. The bank made this announce...
Electricity Prices Climbs Following FG Plans to Increase Gas Price
On Monday, the Federal Government reported that the price of natural gas for power-generating firms has increased to $2.42 per metric million British thermal units (mmbtu), a significant shift from th...
EFCC Probes Dangote and 51 Firms Following Forex Scandal
On Thursday, members of the Economic and Financial Crimes Commission visited the headquarters of Dangote Industries Limited in Ikoyi, Lagos, following the investigation of the alleged abuse of FX allo...
CBN Urge Bank Customers to Remain Calm Following Rumour of Fg Plan to Lock Some Banks
The Central Bank of Nigeria (CBN) has come out to reassure bank customers that their funds are secured in their accounts. The apex bank also stated that there was no need for panic withdrawals.This wa...