Dangote’s Diesel Not Inferior With 87.6 ppm Sulphur Content -Findings

Laboratory tests conducted by the members of the House of Representatives on Dangote diesel has revealed that the product is of superior quality compared to imported equivalents and meet international standards.The Speaker of the House of Representatives,  Rt Hon. Tajudeen Abbas and other members, had during a tour of both Dangote Petroleum Refinery and the…

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UGC : MAN and NERC leadership

Manufacturers Prepare for Tariff Review Discussions with DisCos and NERC

▪︎From right: MAN President  Francis Meshioye; Segun Ajayi-Kadir, Director-General of MAN  and Chairman of  NERC, Sanusi Garba. In the past year, a significant discussion arose involving the Manufacturers Association of Nigeria (MAN), the electricity Distribution Companies (DisCos), and the industry regulator, the Nigerian Electricity Regulatory Commission (NERC). On April 3, 2024, NERC approved an increase for…

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Nigerian Banks Begin Fresh Rounds of Recapitalisation

In Summary▪︎Global Banks N500bn▪︎National Banks N200bn  ▪︎Regional Banks N50bn    ▪︎All banks are required to meet the minimum capital requirement within 24 months commencing from April 1, 2024, and terminating on March 31, 2026 The Central Bank of Nigeria has announced the increase in the capital base of commercial banks with international authorisation to N500 billion…

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