Economy

Group kicks against hike in electricity tariff

The Foundation for Environmental Rights Advocacy and Development (FENRAD), an environmental and human rights group, has kicked against the recent hike in electricity tariff. The group expressed its reservation about the hike in a statement issued on Thursday in Aba…

Economists appraise FG’s 13.5trn budget

Financial Economists on Thursday urged the Federal Government to give practical effect to the programmes in the 2021 budget for it to be realistic and sustainable. The economists spoke on the nation’s N13.588 trillion budget in separate interviews with newsmen…

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…