BT Business

Central Bank of Nigeria Slashes Bank Charges

by Oluwadamilola Adakoon January 6, 2020
The Central Bank of Nigeria (CBN) on December 20, 2019 released two (2) regulatory guidelines- a revised Guide to Charges by Banks, other financial and non-bank financial institutions, to replace the one issued in May 2017, and Consumer Protection Regulations to implement the principles prescribed in the Consumer Protection Framework issued in November 2016. The […]

“Why are people having families they cannot maintain?” — Emir of Kano, Sanusi bemoans rate of increase in poverty

by Chuks Azotanion December 27, 2019
Emir of Kano, Sanusi Lamido Sanusi has appealed to Nigerians across the country to give birth to only children they can cater for.  The Kano Monarch who spoke at the opening of the 108th edition of Islamic Vocation Course (IVC) organized by the Muslim Students’ Society of Nigeria (MSSN) Zone B, stated that the Almajiri menace that has […]

Breaking Down Energy Consumption (Ikeja)

by Oluwadamilola Adakoon December 18, 2019
This is a follow up on our energy series. We will be looking at energy consumption in Ikeja. Ikeja Electricity Distribution Company (IKEDC) covers the following areas of Lagos States: Abule Egba, Akowonjo, Ikeja, Ikorodu, Oshodi and Shomolu. CLASS DESCRIPTION TARIFF (kWh) R1 Life Line (50kWh) N4.00 R2SP Single Phase N21.30 R2TP Three(3) Phase N21.80 […]