Central Bank of Nigeria Revokes Licenses of Resort Savings on MFBanks

 The Central Bank of Nigeria (CBN) on Tuesday announced the revocation of the operating licenses of 179 microfinance banks in the country, alongside those of four primary mortgage banks and three finance companies.

The first gazette stated that the licenses of the financial institutions were revoked because 47 banks

NERC licenses 4 firms to generate 774mw of electricity

Nigerian Electricity Regulatory Commission (NERC) has issued on-grid licences to four companies to generate 774 megawatts (mw) of electricity.

The companies are to generate electricity from solar and gas.

The companies are Pan Africa Solar Limited, based in Kankia, Katsina State, to generate 24mw from solar, and Nigeria Solar Capital Partners Limited, based in Ganjuwa, Bauchi State, to generate 100mw from solar.