Nigeria Downgrades Naira to N410.25/dollar, inflation rate hits 4 year-high

Nigerians are having to contend with the highest inflation rate in four years, the second-highest unemployment rate on a list of 82 countries   Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward a single exchange-rate system for the local currency.   READ ALSO: Naira Sheds N2, Downgrades To N480 per $1 JUST IN: Nigerian Journalist Who Slapped Interviewee In ViralVideo Arrested ‘Surety for Ogun Governor’s aide arrested in US also a suspected fraudster’   The Abuja-based Central Bank…

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EKEDC inks MoU with Lagos, NDPHC for power supply upgrade

Eko Electricity Distribution Company Plc (EKEDC) has partnered with Niger Delta Power Holding Company Limited (NDPHC) on an initiative to improve electricity supply in Lagos, Nigeria’s commercial capital. A Memorandum of Understanding (MoU) was, according to a statement by the utility firm, signed to seal the partnership which will improve the quality of supply to parts of Lagos State and other parts of EKEDC’s franchise area. This further cements the collaboration between the State, EKEDC and some Meter Asset Providers (MAPs) to embark on extensive mass metering of households in…

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