October inflation report, national grid collapse... business stories to track this week

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Indonesia Berita Berita

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Here are the seven top business stories you need to track this week — November 11 to November 15. OCTOBER INFLATION REPORT

The TCN had blamed a series of lines and generator trippings as the reason for the instability of the grid.The Transmission Company of Nigeria says instability in the national grid will likelypublic affairs manager, had said the company has started working to address the identified weaknesses in the transmission system, following the submission of the investigative report on the causes of previous grid collapses.

Adebayo Adelabu, minister of power, said the frequent system failure at the national grid is inevitable due to outdated infrastructure, calling for an immediate overhaul.with foreign currencies deposited under the amnesty initiative for the foreign exchange deposit window.CBN gave the directive in a document dated November 5, signed by John Sonojah, its acting director, financial policy and regulation department and Adetona Adedeji, its acting director, banking supervision department.

Yakubu also said the establishment of the mini tanneries would reduce the consumption of hides and skin in the country, which was being done largely because the number of industries cannot mop up the excess products generated everyday.The Nigerian National Petroleum Company Limited has deniedIn a statement on social media on Thursday, Olufemi Soneye, chief corporate communications officer of NNPC, said the oil firm had done all necessary checks and confirmed the product was not from them.

 

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Indonesia Berita Terbaru, Indonesia Berita utama