Many manufacturing firms, especially Small and Medium Enterprises (SMEs), may be forced to shut down or relocate from Nigeria due to the prevailing harsh
“Under the MYTO 2022 guidelines, the previously set exchange rate of N441/$1 may now be revised to approximately N750/$1 which will have an impact on the tariffs associated with your electricity consumption,” the statement read.
“For those on post-paid billing, a significant increment is imminent in your monthly billing, starting from August,” it added. Citing the new increment in petrol prices which has made it difficult for them to power their generators, coupled with the over 40 per cent hike on energy for running businesses, it said the plan to bring in more investors by President Tinubu would be mirage as the harsh business environment will work against new investments.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tribunal Rejects Labour Party, Edeoga’s Application To Interrogate Enugu State Governor, Peter Mbah | Sahara ReportersThe Governorship Election Petition Tribunal sitting in Enugu State, has refused an application for interrogation filed by the governorship candidate of Labour Party, Chijioke Edeoga against Governor Peter Mbah of the Peoples Democratic Party (PDP). SaharaReporters had reported that Edeoga through his counsel filed an interlocutory application in the petition he filed before the tribunal seeking to interrogate Mbah, over the documents he submitted to the Independent National Electoral Commission (INEC) before the governorship election.
Read more »
Why I turned down banking job - Singer, Ric HassaniSensational Nigerian singer, Ric Hassani has recounted how he quit his banking job on resumption day. The 'Gentleman' crooner said he got a job offer from
Read more »
Lawless kids and fears of terrorism in Kano, By Yushau A. ShuaibI wish to, therefore, advise Governor Abba and the new Kwankwasiyya administration in Kano to re-examine their actions.
Read more »
Peter Obi, Labour Party Close Petition Against Tinubu At Presidential Tribunal After Presenting 13 Witnesses | Sahara ReportersPeter Obi, presidential candidate of the Labour Party, LP, on Friday closed their petition before the Presidential Election Petition Court (PEPC) challenging the election of President Bola Ahmed Tinubu. Obi and LP are complainants in the petition marked CA/PEPC/03/2023, challenging the 2023 general election which brought Tinubu to power as Nigeria president on May 29. Respondents in the petition are the Independent National Electoral Commission (INEC), Tinubu, Vice President Kashim Shettima and All Progressives Congress (APC).
Read more »
Birds destroy 75, 000 hectares of farms in KebbiAt least 100 farmers reportedly suffered losses over the weekend when their farms were invaded by quelea birds in Argungu Local Government Area of Kebbi
Read more »
Enugu Guber Tribunal: LP loses application to interrogate Gov Mbah, pre-hearing endsThe Enugu State Governorship Election Petition Tribunal on Saturday refused an application for interrogatory filed by the Labour Party against Governor
Read more »