LAGOS OCTOBER 12TH (NEWSRANGERS)-The Eko Electricity Distribution Company (EKEDC) has announced that UNISTAR meters will be phased out by November 14, 2024, urging customers to apply for new meters to avoid being switched to postpaid billing. In a notice posted on Friday, October 11, 2024, the company emphasized that UNISTAR meters are no longer compatible…
LAGOS FEBRUARY 12TH (NEWSRANGERS)-The International Monetary Fund (IMF) has urged the Federal Government to completely phase out electricity subsidy in the country as a result of the hardship Nigerians are facing since the removal of fuel subsidy in May 2023. The Bretton Woods Institution made this recommendation as the mechanism for Nigeria to restore macroeconomic…
LAGOS JUNE 14TH (NEWSRANGERS)-Nigeria’s central bank allowed the naira to slump to a record low as officials look set to phase out currency controls that have distorted Africa’s biggest economy for years. The naira slid 29% to 664 per dollar at the close in Lagos, according to FMDQ, a local exchange operator. The Central Bank…