Author: Eberechi Constance

Union Bank Achieves Another Milestone; Attains MSECB ISO 27001:2022, 20000-1:2018 and 22301 Certifications

  Union Bank Achieves Another Milestone; Attains MSECB ISO 27001:2022, 20000-1:2018 and 22301 Certifications Union Bank, one of Nigeria’s foremost and most trusted financial institutions, has announced another significant achievement with its attainment of the MSECB management system certifications in ISO/IEC 27001:2022, ISO 22301:2019, and ISO/IEC 20000-1:2018. The Bank was[Read More…]

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CBN directs banks to charge 0.5% cybersecurity levy

CBN directs banks to charge 0.5% cybersecurity levy The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to implement a 0.5 percent cybersecurity levy on transactions. This is contained in a circular signed by Chibuzor Efobi, director of payments system management and Haruna Mustafa, director of[Read More…]

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ASCSN urges Govt to reverse electricity tarrif

ASCSN urges Govt to reverse electricity tarrif     Comrade Tommy Okon, the National President of ASCSN, has urged the federal government to reverse the electricity tarrif back to N66 per kWh from N225.   On April 3, the Nigerian Electricity Regulatory Commission (NERC) approved an increase in electricity tariff[Read More…]

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NERC Unbundles TCN, sets up new system operator

NERC Unbundles TCN, sets up new system operator   The Nigerian Electricity Regulatory Commission (NERC) has unbundled the Transmission Company of Nigeria (TCN) with the establishment of the Nigerian Independent System Operator of Nigeria Limited (NISO).     NERC made this known in an Order dated April 30, 2023 and[Read More…]

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Transcorp Group delivers impressive Q1 2024 performance, sustains revenue growth of 173% and PBT of N45bn

Transcorp Group delivers impressive Q1 2024 performance, sustains revenue growth of 173% and PBT of N45bn Transnational Corporation Plc (“Transcorp” or the “Group”), Nigeria’s leading, listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial results for the period ended March 31, 2024. In[Read More…]

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