Economy

Increase in electricity tariff ill-timed – MAN

The Manufacturers Association of Nigeria (MAN), Edo/Delta branch, has described the increase in electricity tariff by the Nigerian Electricity Regulatory Commission (NERC) as ill-time’ due to the economic recession. Mr Okwara Udensi, Chairman of the branch, told the newsmen in…

Electricity consumer groups oppose minor tariff adjustment

Electricity consumer groups on Wednesday kicked against the minor adjustment in electricity tariffs approved for the 11 electricity distribution companies by the Nigerian Electricity Regulatory Commission (NERC). The groups, the Energy Consumer Rights and Responsibilities Initiative (ECRRI) and All Electricity…

No 50% increase in electricity tariff –NERC

The management of the Nigerian Electricity Regulatory Commission (NERC) says there is no 50 per cent increase in electricity tariff. This was made known by NERC’s Head of Public Affairs, Mr Micheal Faloseyi, in a statement in Abuja on Tuesday.…

ABCON tasks CBN on forex stability in 2021

The Association of Bureaux De Change Operators of Nigeria (ABCON), on Tuesday, urged the Central Bank of Nigeria (CBN) to continue to stabilize the foreign exchange rates for economic growth. Alhaji Aminu Gwadabe, ABCON President, gave the advice in an…