• Business - Companies
  • Updated: April 07, 2024

Business news roundup from March 31 - April 06, 2024

Business news roundup from March 31 - April 06, 2024

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

Hike in electricity tariff: Nigerians react to FG's decision

Reactions have trailed the hike in electricity tariff by the Federal Government as announced on Wednesday.

The Federal Government through the Nigerian Electricity Regulatory Commission (NERC) has approved an increase in electricity tariff from N66 per kilowatt-hour to N225. Read more here

NIN registration: Nigeria making satisfactory progress — World Bank

The World Bank has said the performance of the Nigeria Identity for National Development (ID4D) is satisfactory, adding that the Nigeria Identity Management Commission (NIMC) is making progress.

Under the project, NIMC is expected to have issued the National Identification Number (NIN) to 148 million Nigerians by June 2024. Read more here

CBN’s monetary policy tightening will boost foreign investment—CBN

Prof. Ken Ife, an economist, has disclosed that aggressive monetary policy tightening adopted by the Central Bank of Nigeria (CBN) will attract foreign portfolio investments to the country.

Ife, who is the Lead Consultant on Private Sector Development to ECOWAS Commission, made this known an interview with the News Agency of Nigeria (NAN) on Monday in Abuja. Read more here.

BDCs say naira recovery tackling inflation

The Association of Bureaux de Change Operators of Nigeria has disclosed that the appreciation of the naira has led to a relative decrease in the prices of goods and services in the country.

This was made known by Aminu Gwadebe, the president of the association in a statement. Read more here.

Recapitalisation will make banks stronger, resilient – Expert

ProfKen Ifean economisthas said the new minimum capital requirement for Nigerian banks will make them stronger and more resilient.

Ife, the Lead Consultant on Private Sector Development to the ECOWAS Commission, made this assertion during an interview with the News Agency of Nigeria (NAN) on Wednesday in Abuja. 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.

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