Electricity report, TCN unbundling... business stories to track this week

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Here are the seven top business stories you need to track this week — May 6 to May 11.

the Transmission Company of Nigeria by establishing the Nigerian Independent System Operator of Nigeria Limited .TCN is expected to transfer all market and system operation functions to the new company.

“We have used the reactor for research and development over the years and now we are going to use the reactor for the purpose of generating electricity,” the chairman had said.deposit insurance coverage for all licensed deposit-taking financial institutions. The fintech firm said due to a directive from the CBN, it would close accounts involved in crypto trading.ongoing shortfallSoneye said the company currently has more than 1.5 billion litres of product available, enough to last for at least 30 days.Prior to this, the Petroleum Products Retail Outlets Owners Association of Nigeria said it does notPetrol scarcity had recently hit Nigeria, leading to queues across fuel stations and an increase in transport costs in major cities.

However, on a year-on-year basis, credit to the private sector rose by 65.57 percent compared to N43.01 trillion recorded in the corresponding period in March 2023.

 

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