U.S. utility firm Talen Energy beat Wall Street estimates for third-quarter core profit on Thursday, helped by higher electricity rates and resilient demand for power.
On Friday, the government stated that from November 4th, 2024, profit rates on National Savings Schemes (NSS) will be reduced. The government has announced a 360 basis point (bps) reduction in ...
State governments in the U.S. use utility rate-making to fix the prices that utility companies can charge to customers. This also necessarily restricts utility companies’ profit margins.
A non-interest bank, Jaiz Bank indicated that its profit after tax jumped by 182.39 per cent to N18.11bn from N6.41bn. While the banks reap the benefits of a high-interest rate environment ...