Business news roundup from April 14 - April 20, 2024

Welcome to the AllNews roundup of the 5 Latest Business News that made the round last week.

NIN: Over 200m Nigerians to get enrolled in next two years - NIMC

The National Identity Management Commission (NIMC) has assured that all Nigerians will be issued with the National Identification Number (NIN) over the next two years. 

Kayode Adegoke, the Head of Corporate Communications at Commission, made this known on Sunday during an X Space to educate Nigerians on the NIMC Self-Service Modification platform. Read more here.

BREAKING: Inflation rate surges to 33.2 per cent

Nigeria’s inflation rate increased to 33.2% for the month of March 2024 according to the latest data from the National Bureau of Statistics (NBS).  

This represents a 1.5% increase from the 31.7% recorded in February 2024. Read more here

Nigeria will become major economic force under Tinubu — Shettima

Vice-President Kashim Shettima has said that Nigeria will become a major economic force in the world under President Bola Tinubu.

He said this at the Presidential Villa, Abuja when he hosted a delegation from the Commonwealth Enterprise Investment Council (CWEIC) led by its Chief Executive Officer (CEO), Rosie Glazerbrook. Read more here

TCN steps up effort to eliminate national grid collapses

TCThe Transmission Company of Nigeria, on Wednesday, revealed that it has deployed a new technology, the Generation Dip/Loss Detection System, (GLDS) as part of efforts to stabilise the grid.

TCN explained that the GLDS “plays a pivotal role in detecting and responding to sudden drops or dips in power generation across the network.” Read more here.

New electricity tariff beyond what we can modify— IBEDC

Engr Toyin Akinyosoye, the Regional Head of Ibadan Electricity Distribution Company, IBEDC, in Ilorin, Kwara State, has disclosed that the new electricity billing tariff (225/KWh) for customers in Band A is beyond what any power distribution company, can modify.

Receiving the state Commissioner for Energy, Engr Abdulazeez Kola Abdulganiy, in his office in Ilorin, the IBEDC’s regional head, appealed to customers to accept the new development in good faith. Read more here.

These are the latest Business news that made trends during the week. Visit our website https://allnews.ng for more Business news around the world.