Multipurpose ID card, electricity payment refund... business stories to track this week

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Here are the seven top business stories you need to track this week — April 8 to April 12.

The oil firm has also fixed the minimum volume of automotive gas oil , also known as diesel, that can be purchased by oil marketers, at one million litres.Confirming the development, Abubakar Maigandi, national president of the Independent Petroleum Marketers Association of Nigeria , said the refinery started selling the product to marketers on March 2.

Oseni said customers under the classification, who receive 20 hours of electricity supply daily, will pay N225 per kilowatt , starting from April 3 — up from N66.The agency announced the new domestic base price and wholesale prices of natural gas for 2024 in a statement on April 2.The domestic base price is the minimum amount at which natural gas can be sold to the domestic market.

According to a statement, the initiative is a collaboration between the National Identity Management Commission , the Central Bank of Nigeria , and the Nigeria Inter-bank Settlement System .

 

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