Business

FCMB Funds ReelFruit’s Plant To Promote Sustainable Manufacturing 

FCMB Funds ReelFruit’s Plant To Promote Sustainable Manufacturing  First City Monument Bank (FCMB) has financed the newly inaugurated dried fruit manufacturing plant of Nature’s Bounty Health Products Limited(ReelFruit) in Abeokuta, Ogun State to promote sustainable manufacturing practice in the country. Sustainable manufacturing minimises negative environmental impact while conserving energy and[Read More…]

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Wife of detained Binance executive writes Nigeria Government to release husband

  Wife of detained Binance executive writes Nigeria Government to release husband Yuki Gambaryan, Wife of the detained Binance Holdings Limited executive, Tigran Gambaryan, Binance’s head of financial crime compliance, has pleaded with the Nigerian government release her husband.   Mrs Gambaryan, in a letter to the Nigerian government on[Read More…]

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NERC says new tariff will reduce electricity subsidy by N1.14   Following the approval of new increased electricity tariff on Wednesday, the Nigerian Electricity Regulatory Commission (NERC) has said it is expected to reduce subsidy for the 2024 fiscal year by about N1.14 trillion.   In a statement on Wednesday,[Read More…]

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FG increases electricity tariff by more than 300%

FG increases electricity tariff by more than 300% The Nigerian Electricity Regulatory Commission (NERC) has approved the increase of electricity tariff for customers under the Band A classification. At a press briefing in Abuja on Wednesday, NERC’s Vice Chairman, Musliu Oseni, said the increase will see customers pay N225 kilowatt[Read More…]

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