Electricity

Electricity: AEDC Budgets N23BN on Installation of 900,000 Free Meters

The Abuja Electricity Distribution Company (AEDC) has finalised arrangements put in place to install about 900,000 free meters for customers under its area of jurisdictional boundaries, in the next eighteen months. Engr. Ernest Mupwaya, Managing Director of AEDC, revealed that the meters being delivered under the National Mass Metering Program (NMMP) will commence the installation…

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Naira Declines in Parallel Market

Data from daily exchange rate platforms disclosed that the Naira has weakened against the US dollar on Wednesday at the parallel market. The rate presently closes at N464, 0.23% lower than the previous exchange rate of N463. It had, however, increased to 7.8% at the forex market within a week in September due to the…

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