CBN Reduces Interest Rates On COVID-19 Loans and Others
The Central Bank of Nigeria (CBN) has effective from March 1 2020 approved the reduction of interest rates on COVID-19 loans and other CBN fund interventions from 9% to 5%….
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Saudi Arabia Budgets $5bn Towards Building Hydrogen Plant
The world’s biggest crude exporter, Saudi Arabia has concluded plan to build a $5 billion hydrogen plant powered entirely by sun and wind. The project which will be among the…
Continue readingWhy Metering Programmes Fail in the Power Sector – NERC
Speaking during a virtual discussion organized by ‘The Power Hub’, the General Manager, Finance and Management Services of the Nigerian Electricity Regulatory Commission (NERC), Mr. Abdul Shettima listed project management…
Continue readingFocus on Early Maturing Crops, FG Directs Research Institutions
The Federal Government had directed research institutes in the country to focus their efforts on production of early maturing crops, in view of the realities brought about by the COVID-19…
Continue readingPenCom Recovers N553.03m from Non-compliant Employers
In its monthly report for the fourth quarter of 2020, the National Pension Commission (PenCom) disclosed that it recovered N553.03m from defaulting employers who deducted their workers monthly emoluments but…
Continue readingThree Million Obsolete Electricity Meters Due for Replacement – NERC
In a document signed by its chairman, Mr. Sanusi Garba and the commissioner in charge of legal, licensing and compliance, Mr. Dafe Akpeneye, the Nigerian Electricity Regulatory Commission (NERC) has…
Continue readingDiscos Reject Load from Shiroro, Six Others
Shiroro and six other plants could not generate a total of 720 megawatts of electricity on Sunday as a result of low load demand by the electricity distribution companies. Data…
Continue readingNNPC Spent N966bn on Pipeline Repairs
In response to the query raised in the 2016 report of the Auditor General for the Federation, the Nigerian National Petroleum Corporation has explained that it spent N966bn to repair…
Continue readingCBN to pay N5 for $1 in “CBN Naira 4 Dollar scheme” for Diaspora Remittances
The Central bank of Nigeria (CBN) has introduced the “CBN Naira 4 Dollar Scheme”, aimed at encouraging an increase in inflows of diaspora remittances into Nigeria. In a circular released…
Continue readingMore Filling Stations Resume Operations, Petrol Queues Abate
The queues for petrol in Abuja and neighbouring Nasarawa and Niger which started last week reduced on Thursday as more retail outlets now dispensed the product to motorists. As a…
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