April 5, 2024/United Capital Research Anglophone West Africa (WAEMU) Nigeria Tinubu approves FCT’s N1.1trn 2024 statutory budget The president has approved over N1.1trn statutory budget for the 2024 fiscal year for the FCT. The budget will impact on infrastructure development, healthcare facilities, as well as rehabilitation of schools in the FCT, […]
Updates
NERC Approves 300% Tariff Increase for Band A, Nigerian Electricity Consumers
April 4, 2024/NERC Nigeria Culled: Proshare The Nigerian Electricity Regulatory Commission has approved a 300% increase in the electricity tariff for Band A consumers to ensure sustainable energy distribution. Accordingly, power distribution companies, DisCos, will be allowed to raise electricity prices for urban consumers to N225 ($0.15) per kilowatt-hour from […]
ITFC Signs US$600 Million Annual Plan with the Islamic Republic of Pakistan
The collaboration aims to provide vital financial resources to facilitate the importation of essential commodities crucial for Pakistan’s economic well-being April 4, 2024/ITFC The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group signed a US$600 million Annual Plan with the Government of Pakistan. […]
