Metering: NERC unveils new operators, regulations

To bridge the metering gap in the country and ensure accurate energy billing of consumers, the Nigerian Electricity Regulatory Commission, NERC, has introduced a new class of operators in electricity supply chain.

The new players known as Meter Asset Providers, MAPS, would now take up the duty [...]

Fri, 16 March 2018

FG gets $300m AfDB loan to curb unemployment

Nigeria has received approval for a $300million loan from the African Development Bank, AfDB, to be channeled towards improving the livelihood for youths in both urban and rural areas of the country.

The Secretary to the Government of the Federation, Boss Mustapha, who disclosed this at a round [...]

Fri, 16 March 2018

Inflation rate drops by 0.08% in Feb.

Inflation rate has again dropped in Nigeria, mostly owing to the ease in the food price index, the National Bureau of Statistics, NBS, has disclosed.

The latest Consumer Price Index, which measures inflation, indicates that inflation dropped to 14.33 percent in February 2018 from the 15.13 perc [...]

Fri, 16 March 2018

World Bank warns against fraudulent cooperatives in Nigeria

The World Bank Group has warned against fraudulent multipurpose cooperatives fleecing unsuspecting members of the public under the guise of registering them for business grants from the group.

The fraudulent co-operatives operating mostly in local communities in the country request for a proces [...]

Fri, 16 March 2018

FG to set up special tax court to prosecute offenders

The federal government said it would not renege on its promise to prosecute tax offenders who fail to utilise the VAIDS programme, as its plans to set up a special courts to prosecute those who failed to regularise their tax status after the expiration of the nine month amnesty period.

Minister [...]

Sun, 11 March 2018

PenCom recovers N1.34bn from defaulting employers

A total of N1.34billion accrued interest and pension contributions has been recovered from defaulting employers in the third quarter of 2017, the National Pension Commission, PenCom, has revealed.

The commission in its 2017 third quarter report said it used 55 consultants as recovery agents to [...]

Sun, 11 March 2018

CBN restates commitment to women empowerment

Nigeria’s apex bank has restated its commitment to reducing poverty amongst women by increasing their access to credit facilities so as to enable them participate actively in economic development of the country.

Commemorating this year’s International Women’s Day, the Central [...]

Sun, 11 March 2018


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