NERC slaps ₦200m regulatory fine on AEDC for violation of new tariff order
The Abuja Electricity Distribution Plc (AEDC) has become the first electricity distribution company to come under the hammer of the...
Why NERC raised electricity tariff to N225 per kilowatt hour
The Nigerian Electricity Regulatory Commission (NERC) has given explanations to its decision last Wednesday to approve a 241 percent hike...
Transcorp Power Plc posts 84.6% profit growth; 57.3% surge in earnings for 2023
Transcorp Power Plc, one of Transnational Corporation Plc power subsidiaries, reported gross earnings of N142.1 billion, or 57.30 percent increase, from...
NAICOM seeks partnership with Abuja DTS to curb fake third party motor insurance
The Directorate of Road Transport Service of Federal Capital Territory Authority (FCTA) has agreed to work with the National Insurance...
Transnational Corporation Plc posts 47.3% rise in earnings, 93.5% profit before tax
Transnational Corporation Plc on Wednesday announced it realized about 47.3 percent in its earnings for the financial year 2023, with...
NERC approves 241% tariff hike for consumers enjoying over 20hrs of electricity supply
In spite spiralling inflation and cost of living, some Nigerians are to further contend with higher electricity tariffs, as the...
Recapitalisation: ACAMB confident banks can meet CBN’s target
Nigerian banks have the financial capacity to meet the minimum capital base set by the Central Bank of Nigeria (CBN),...
Transcorp Hotels Plc delivers 36% revenue growth; reports superlative N41.5bn profit in 2023
Transcorp Hotels Plc, the listed hospitality subsidiary of Transnational Corporation Plc, on Tuesday reported an impressive 36 percent growth in...
CBN’s monetary policy yields over $1.5bn inflow to Nigerian economy
The monetary policy stance of the Central Bank of Nigeria (CBN) yielded inflows of over $1.5 billion into the economy...
NSIA reports N1. 18trn, 1,122% rise in income for 2023
The Nigeria Sovereign Investment Authority (NSIA) says it recorded a total comprehensive income of ₦1.18trillion from its operations for 2023....