With effect from today, the Central Bank of Nigeria (CBN) has suspended the clearing of all cheque instruments in the Nigerian clearing system. A circular signed and sent out to all Deposit Money Banks and the Nigeria Internal Settlement System (NIBSS) by the CBN on Monday stated that “no fresh[Read More…]
Tag: suspend
Reps panel asks NERC to suspend electricity tariff increase
The house of representatives committee on power has asked the National Electricity Regulatory Commission (NERC) to suspend the planned increase in electricity tariff. NERC had directed the electricity distribution companies (DisCos) to enforce an upward review of the tariff starting from April 1. But at its meeting in Abuja on[Read More…]