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PBA Reporter

NERC

NERC Says No Hike In Electricity Tariffs

The Nigerian Electricity Regulatory Commission (NERC) has claimed that there is no hike in electricity tariffs. The electricity market regulator made this known in a statement titled ‘Notice of Compliance in Respect of the Biannual Review of the Revenue Requirements of Licenses’
May 18, 2022
CBN Releases Another Around Of $10,000 FX To Each BDC, Mandates Them To Sell At N1,117/$1

ABCON To CBN: Create Special FX Trading Window For BDCs

The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to establish BDCs’ autonomous foreign exchange trading window (BAFEX) with a determined maximum daily limit. The ABCON disclosed that it would enable eligible BDCs
May 16, 2022
Loans

Nine Banks’ Non-Performing Loans Hit N814bn

Aggregate Non-Performing Loans of nine banks, according to the data obtained by Prime Business Africa, increased to N814.08bn in 2021, representing a 3.16 per cent increase from the N789.14bn reported in 2020. The data read that the nine banks are Access Holdings
May 16, 2022
Elon Musk

Twitter Deal Temporarily On Hold – Elon Musk

Elon Musk, the billionaire founder of Tesla Inc. and the world’s richest person, has suspended his planned $44 billion to purchase Twitter. Musk who disclosed this in a tweet on Friday said the plan is “temporarily on hold”, pending details on spam
May 13, 2022
Buhari

Buhari Signs Anti-Money Laundering Bills Into Law

President Muhammadu Buhari has signed three bills into law, to improve the country’s anti-money laundering and counter-terrorist financing framework. President Buhari assented to bills on Thursday at the Council Chamber in Abuja. The bills include the Money Laundering (Prevention and Prohibition) Bill, 2022; the
May 13, 2022
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