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The Nigerian Electricity Regulatory Commission (NERC) on Wednesday approved an increase in electricity tariff for Band A customers. Band A customers are those that enjoy 20-24 hour electricity supply per day . Here’s a list of areas in Nigeria affected by the tariff hike: This list was disclosed by the Nigerian Electricity Regulatory Commission (NERC) […]

Olalekan Ojo, a senior advocate of Nigeria (SAN), has asked the Nigeria Police Force (NPF) to investigate a publication which accused Wole Olanipekun, former chairman of the Body of Benchers, and Mohammed Bello Adoke, former attorney-general of the federation, of compromising the OPL 245 trial. In a ruling delivered on March 28, Abubakar Kutigi, judge […]

Customs Service Makes 206 Seizures in Lagos State in Q1 2024 Nigeria Customs Service made 206 seizures in Lagos State in the first quarter of 2024, Controller, Federal Operations Unit Zone A, Mr Hussein Ejibunu, said on Friday in Lagos. He told a news conference that smugglers ought to have paid N2.87 billion as import […]

Zimbabwe Adopts New Gold-Backed Currency The Reserve Bank of Zimbabwe has announced the replacement of its Zim dollar with a new currency backed by a basket that includes foreign currencies, gold and other precious metals. The revelation comes as the new RBZ Governor John Mushayavanhu presented the much-awaited 2024 Monetary Policy Statement and marked his […]

Uganda’s Economy Grows by 5.5% in Q4 Uganda’s economy advanced by 5.5% over a year ago in the fourth quarter of 2023, following a 5.3% rise in the previous three-month period. The growth in gross domestic product (gdp) was the strongest growth rate since the third quarter of 2022, mainly driven by the industrial sector. […]Read More

Prices of Used Cars Declined by 14.7% In the past 12 months, used car prices in the US have decreased by roughly 15%, a report says. The Manheim Used Vehicle Value Index for the US decreased 0.4% month-over-month in March 2024, following a 0.1% fall in February. Prices of trucks fell 0.6% and midsized cars […]

Tinubu Lauds Obazee as CBN Investigator Concludes Job President Bola Tinubu has lauded Mr Jim Obazee for his services as the Special Investigator of the Central Bank of Nigeria (CBN) and other related entities. The President commended Obazee, a former Chief Executive Officer of the Financial Reporting Council of Nigeria (FRC), for successfully concluding his […]

Gold Rises as Conflicts Stokes Rally in Commodity Market Gold futures rise 1.5% to $2,343.6 per ounce on the back of rising geopolitical tensions more than offset robust U.S. nonfarm payroll data.  Generally, commodity market trends positively amidst tensions in the Middle East. This raised prices of crude oil to $91 per barrel, according to […]

FTSE 100 Index Slides Amidst Geopolitical Tensions The UK’s FTSE 100 index lost 0.81% on Friday as concerns grow regarding the geopolitical situation in the Middle East ahead of the release of new projections for the UK economy. Market watchers are closely monitoring the situation in the Middle East on suspicions that Israel’s fatal airstrike […]

Tunisia’s Inflation Rate Steadies at 7.5% in March The consumer inflation rate in Tunisia remained unchanged at 7.5% year on year in March 2024, according to statistics office. Details showed that prices accelerated the percentage for housing and utilities increased from 3.8% in February 2024 to 4.3%. health increased to 9.3% from 9.1%. Meanwhile, price […]Read More

World Bank Fund: Corporation Rehabilitates Treatment Plant, Reticulation in Jos South The Jos Water Services Corporation (JWSC) has said that the World Bank fund received would be used to boost water supply to Bukuru and environs in Jos South Local Government Area. Mr Apollos Samchi, the Managing Director of the corporation, said that N1.7 billion […]

Bi-Courtney Boosts MM2 Security, Reassures Airport Users Bi-Courtney Aviation Services Ltd., the operator of Murtala Muhammed Airport Terminal Two (MMA 2), Ikeja, says robust surveillance systems would continue to be deployed to enhance security in the airport. This is contained in a statement signed by Mrs Ajoke Yinka-Olawuyi, Bi-Courtney’s Head of Corporate Communications, and made […]