Business

FG Hikes Electricity Tariff

The federal government has increased electricity tariff payable by consumers across the country. The approval for the hike was given by the Nigerian Electricity Regulatory Commission(NERC) in a directive issued

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CBN Retains Interest At 11.5%

The monetary policy committee of the Central Bank of Nigeria (CBN) has retained the monetary policy rate(MPR) at 11.5%. The committee also retained the Liquidity Ratio at 30 percent and

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Banks owe telcos N70b over USSD charges

Commercial banks are owning telecommunication companies over N70b on Unstructured Supplementary Service Data (USSD), according to investigations. The terms of charging customers had in the past led to arguments between

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