NERC fines eight DisCos N628m for overbilling unmetered customers

The Nigerian Electricity Regulatory Commission (NERC) has imposed fines totalling N628.03 million on eight electricity distribution companies for failing to comply with the approved capping of estimated billing for unmetered customers.    The sanctioned companies include Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies.   The regulatory action, announced in a…

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Prada to buy rival Versace for 1.25 bn euros

Prada has announced a landmark agreement to acquire rival Italian fashion house Versace from Capri Holdings in a deal valued at $1.375 billion, including assumed debt.    The move, confirmed on Thursday, April 10, marks a major consolidation within Italy’s luxury fashion industry and positions Prada for greater influence in a market traditionally dominated by…

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