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Higher electricity tariff expected in 2021

NIGERIANS WILL PAY A HIGHER TARIFF FOR ELECTRICITY IN 2021, GOING BY PROMISES MADE BY THE FEDERAL GOVERNMENT TO THE INTERNATIONAL MONETARY FUND WHILE SEEKING THE $3.4BILLION EMERGENCY FINANCIAL ASSISTANCE RECENTLY APPROVED FOR NIGERIA. THE EXECUTIVE BOARD OF THE IMF APPROVED THE RAPID FINANCING INSTRUMENT, WHICH THE FEDERAL GOVERNMENT PLANS[…]

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BREAKING NEWS: Staff of PENGSSAN abandon operations

THE PETROLEUM AND NATURAL GAS SENIOR STAFF ASSOCIATION OF NIGERIA (PENGSSAN) HAS ASKED ITS MEMBERS TO SHUT OPERATIONS AND ALL ACTIVITIES AT THE NATION’S OIL RIGS AND EXPORT TERMINALS FROM MIDNIGHT. IT ALSO ORDERED ITS MEMBERS TO WITHDRAW ALL FORMS OF SERVICES RELATING TO CRUDE OIL PRODUCTION, REFINING, DISTRIBUTION AND[…]

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CBN FLOATS NEW CORPORATE BOND ISSUANCE PROGRAMME

The Central Bank of Nigeria (CBN) has floated a new corporate bond issuance programme. The issuance of the corporate bonds will support a long-term credit facility to Nigeria’s agriculture and manufacturing sectors. The spokesman for the CBN, Isaac Okorofor explained that deposited money in banks interested in providing credit financing[…]

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