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Central bank injects $956 million, ¥63 million into forex market

The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira, at the various segments of the foreign exchange (forex) markets.

Police arraign father, son for ‘beating’ Ikeja Electric worker

A man identified as Okiki Akintola, 50, and his son Mohammed, 22, have been arraigned before an Ikorodu Magistrates’ Court for alleged assault on an employee of Ikeja Electric (IE).

Ikeja Electric reiterates commitment to safety of staff

Electricity Distribution Companies, Ikeja Electric Plc (IE) has reiterated the commitment of the company to the safety of its staff across its network area.

Expert urges central bank to sustain ban on 40 items to promote local production,...

An Economist, Mr Rasheed Yusuf, has urged CBN to sustain its ban on 40 items from accessing foreign exchange at the official window to promote their local production and generate more jobs.

Bureaux de Change operators back central bank’s policies

The Association of Bureaux De Change Operators of Nigeria (ABCON) has expressed its support for the Central Bank of Nigeria’s (CBN) monetary policy and intervention in critical sectors in the economy.

Bureaux de Change operators set exchange rate agenda for President Buhari

The Association of Bureaux de Change Operators of Nigeria (ABCON) has set N250 to dollar exchange rate agenda for President Muhammadu Buhari in his second term in office.

Naira down to N362.03 to the dollar in I&E window

The Naira yesterday depreciated to N362.03 per dollar in the Investors and Exporters (I&E) window.

Ikeja Electric commences e-tagging of high tension poles

Ikeja Electric Plc (IE) says it has commenced electronic tagging of electricity poles across its network to optimize operations through adequate maintenance of installations and reduction of downtime.

Central bank spends $20.91 billion in six months to defend naira

Within a space of six months this year, the Central Bank of Nigeria (CBN) has so far expended about $20.91 billion to stabilise the naira at the various segments of the foreign exchange (forex) market.

Ikeja Electric launches QHSE Academy to promote safety culture

As parts of its strategy to reduce work place accidents, Ikeja Electric Plc (IE) has launched a professional Quality Health, Safety and Environment Academy (QHSE) tagged i-Empower, to deepen its culture of safety among employees.
Ikeja Electric Plc

Ikeja Electric launches Academy to deepen safety culture

Ikeja Electric Plc (IE) says it has launched a professional Quality Health, Safety and Environment Academy (QHSE) tagged: “i-Empower” to deepen the culture of safety among its employees.
Senator Enyinnaya Abaribe

Enyinnaya Abaribe: Senate harmonising regulations on electricity theft, tampering

The Senate is working toward harmonising all the regulations on electricity theft and tampering, which are scattered in several other regulations, into a single bill.

Ikeja Electric customers fret over prepaid meters, billings

For some consumers under the Ikeja Electricity Distribution Company, IKEDC, this may not be the best of times for them as days without lights, crazy bills and endless antics on supply of prepaid meters have become new normal.

Electricity workers shut down Ikeja Electric over meter hoarding, others

Electricity workers’ union yesterday, picketed and shut down the headquarters of Ikeja Electric (IE), over accusations of deliberately hoarding prepaid meters meant for distribution to customers amid deteriorating power supply to consumers.
ATM

Banks review ATM cash withdrawal overseas

Guaranty Trust Bank (GTBank) and First City Monument Bank (FCMB), it said, at the weekend raised their monthly card spending limit on overseas PoS and online transactions from $1,000 to $3,000 and around $2,000 to $5,000.

Codeine: NAFDAC shuts down three pharmaceutical companies

The National Agency for Food and Drug Administration and Control (NAFDAC) has shut down three pharmaceutical companies that were implicated in the BBC investigation on illegal manufacture and distribution of codeine-containing syrup.

Electricity consumers decry power outage in Lagos suburb

Residents around Cement Bus Stop in the Ikeja Local Council Development Area of Lagos State have expressed dissatisfaction with Ikeja Electric (IE) over electricity outage in their community since 2016.

Community appeals to Ikeja Electric to restore power to area

The people of Agboyi-Ketu Community, Agboyi-Ketu Local Community Development Area, Lagos on Thursday appealed to Ikeja Electric (IE) to reconnect the area to power supply.

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President Buhari at the event

We’ll hold you responsible if herdsman are killed in the South – Northern groups...

The Coalition of Northern Groups (CNG) has declared that it will hold President Muhammadu Buhari responsible if any northerner is attacked in the south.
Azman Air

Lagos Airport: Panic as man climbs Azman Air aircraft

Passengers aboard a Port Harcourt-bound Azman Air flight were thrown into panic on Friday after a yet-to-be-identified man climbed the aircraft while it was about to take off at the Murtala Muhammed Airport, Ikeja.

Apapa Customs command rakes in N20 billion in two weeks

The Apapa area command of Nigeria Customs Service has generated N20.07 billion in the first twelve working days of July 2019
Nigerian refugees

Federal government urged to declare child destitution, begging national emergency

Members of the House of Representatives have asked the federal government to declare child destitution and begging a national emergency.
Alhaji Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the 2019 elections, has re-affirmed his commitment to restructuring if elected on Feb. 16.

Atiku Abubakar: President Buhari planning to spend N2.5 trillion on debt servicing

Barely a week after drawing the attention of Nigerians to the nation’s increasing debt stock since the assumption of office by President Muhammadu Buhari, former Vice President, Alhaji Atiku Abubakar, yesterday said N2.5 trillion would go down the drain by the end of 2019 in debt servicing.