Daily Archives: June 8, 2018
Inflation Rate To Recede In May Despite Price Surge
Inflation rate, the measure of average price movement of goods and services is expected to slow in May to 11.50 per cent from the 12.48 per cent it previously stood in April.
Analysts explained that, though the prices of food and others increased substantially in May, the expected reduction is based on a year-to-year basis. It means last year, prices were higher than this year. But prices have risen noticeably since the beginning of this year.
NNPC Yearly Quiz Competition Kicks Off At Grassroots, State Levels
The schedule of competitive events that would culminate in the grand finale of the Nigerian National Petroleum Corporation (NNPC) 2018 National Science Quiz competition has been released.
We Plan To Break Into League Of Top Banks In Nigeria – Okonkwo
Nnamdi Okonkwo is the Chief Executive Officer of Fidelity Bank Plc. In this interview, the renowned banker speaks on the economy, the banking industry and why Fidelity has weathered the storm in their three decades of operations.
NERC Denies Dumping Multi-Year Tariff Order Methodology
Odimmegwa Johnpeter/Abuja
The Nigerian Electricity Regulatory Commission has denied report to dump Multi Year Tariff Order (MYTO) Methodology. This is contained in a statement from the commission which reaffirms that there are no plans to dump the Multi Year Tariff Order (MYTO) framework used in determining end-user tariffs based on revenue requirement of the electricity industry.
NERC Grants Additional ‘No Objection’ For MAP
Odimmegwa Johnpeter/Abuja
The Nigerian Electricity Regulatory Commission (NERC) has granted eight additional ‘No Objection’ to successful applicants to participate in the procurement process for meter in the Nigeria Electricity Supply Industry (NESI).
AMCON To Sell Arik, Aero, Other Assets This Year
Nigeria’s ‘bad bank’ Asset Management Corporation of Nigeria (AMCON) said it will commence the sales of some of its assets this year, including Arik Air, Aero Contractors, Peugeot Automobile Nigeria (PAN), Delta Queen, among others.
According to a statement by AMCON, “2018 financial year may be a very busy year for AMCON as a result of the proposed disposal of these lead assets”.
