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Only a couple of days ago, Fitch Ratings released its credit ratings for Nigeria, placing Nigeria at a “B” rating. For many who may not understand, a Fitch “B” rating signifies a degrading financial situation and highly speculative financial market in the country in question. Fitch carries out sovereign credit ratings to determine a country’s ability to meet its debt obligations. Its ratings equally help to provide investors with insight into the level of risk associated with investing in a particular country. What a “B” rating does for Nigeria is signal to investors that risk levels are high, which in turn makes them either take their funds to less speculative markets or require excessive risk protection when investing in Nigeria. Consequently, the cost of funding government projects increases. ....
A file photo of Minister of Power, Sale Mamman The Nigerian Electricity Regulatory Commission has been directed to suspend the planned bi-annual adjustment in electricity tariff until the joint ad-hoc Committee concludes their discussion by the end of January. The directive was contained in a statement by the Minister of Power, Sale Mamman, on Thursday. NERC had on Monday, issued a circular regarding the planned bi-annual minor review of electricity tariff across all bands between N2 per kWh and N4 per kWh. The minister, in the statement, explained that the order is to ensure that a constructive conclusion is reached between the labour unions and the Federal Government. ....
Vanguard News FG directs reversal of electricity tariff On Kindly Share This Story: The Minister of Power, Mr Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020. Mr Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja on Thursday. He said that the reversal to the old tariff was to promote a constructive conclusion of the dialogue with the Labour Centres (through the Joint Ad-Hoc Committee). “I have directed NERC to inform all DISCOs that they should revert to the tariffs that were applicable in December 2020 until the end of January 2021 when the FGN and Labour committee work will be concluded. ....
2 min read The Minister of Power, Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies(DISCOs) to revert to tariffs that were applicable in Dec. 2020. Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja on Thursday. He said the reversal to the old tariff was to promote a constructive conclusion of the dialogue with the Labour Centres (through the Joint Ad-Hoc Committee). “I have directed NERC to inform all DISCOs that they should revert to the tariffs that were applicable in December 2020 until the end of January 2021 when the FGN and Labour committee work will be concluded. ....
ON THE GO MultiChoice announces N90m grand prize for BBNaija season 6 highest ever MultiChoice Nigeria has announced a whopping N90 million as the grand prize for the winner of season six of the Big Brother Nigeria (BBNaija) reality TV show.Advertisement. Miyetti Allah blames govs for rise of banditry, says ‘they destroyed their business’ Saleh Alhassan, national secretary of Miyetti Allah Kautal Hore, says some bandits are herders who became radicalised after they lost cattle as a result of the ban by some governors. Fayemi: Even as governor, I have been a victim of police attack Kayode Fayemi, governor of Ekiti, says he has been a victim of police attack, in spite of his position.Advertisement The governor said this on Wednesday during a virtual event hosted. ....