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National Mass Metering Programme (NMMP) - Government, Public Sector - Vimarsana News

National Mass Metering Programme (NMMP) - Government, Public Sector

INTRODUCTION The Federal Government launched the National Mass Metering Programme (NMMP) in respect of which the CBN, in October 2020, issued the Framework for Financing of National Mass Metering Programme (" CBN Framework"). The Framework seeks to, amongst others, increase the country's metering rate and eliminate arbitrary estimated billing. By the said Framework, the CBN will provide financing support to the Distribution Companies (DisCos) ( for the procurement of meters for customers) and the local meter manufacturers. In light of this Framework's introduction, we have in the following p...

Source: mondaq.com
2021: Banks to walk a tightrope amid low revenue environment - Vimarsana News

2021: Banks to walk a tightrope amid low revenue environment

TODAY January 11, 2021 Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virg...

Source: today.ng