Ikeja Electric invests N250 million to boost power supply in Ikorodu The Ikeja Electric (IE) Plc. has invested about N250m to replace a faulty 15MVA power transformer at Sabo Injection Substation (ISS) in the Ikorodu axis of Lagos State. Chief Technical Officer, Ikeja Electric, Olajide Kumapayi, said that the[Read More…]
UBA to sponsor Lagos International Trade Fair, partners LCCI to boost SMEs in Africa United Bank for Africa (UBA) has hinted of plans to sponsor the 2023 edition of the annual Lagos International Trade Fair. In partnership with the Lagos Chamber of Commerce and Industry (LCCI), organisers of the[Read More…]
YouTube unveils New generative AI products for creators, artists YouTube, has unveiled a suite of AI-powered capabilities that will help both new and established creators and artists create, edit, and share content in bold new ways. These AI-powered tools will help unlock powerful new forms of creative expression,[Read More…]
FAO, others lift smallholders to boost global food security The Food and Agriculture Organisation of the United Nations (FAO), the Islamic Development Bank (IsDB), and the International Fund for Agricultural Development (IFAD) have joined hands in a significant partnership agreement aimed at enhancing global food security and nutrition. This[Read More…]
Bears dominate on NGX as equities lose N518bn Bearish Investors dominated Friday’s trading session as The Nigerian Exchange (NGX) closed in negative territory. The All-Share Index (ASI) traded 1.39% lower to close at 67,324.59 index points as against 68,271.14 index points recorded in the previous day’s trading session. Likewise, the[Read More…]
Govt moves to audit aviation fuel supply, facilities Following recent incident of contamination of aviation fuel, the Nigerian Civil Aviation Authority said it has identified four non-licensed suppliers of aviation fuel across the country. The Authority while stating that the suppliers penetrated the airports without due process said its collaboration[Read More…]
At UNGA, NNPC Becomes 1st State-owned oil Firm To Join UN Global Compact The Nigerian National Petroleum Company (NNPC) Ltd. has signed up as a participant of the United Nations Global Compact, thereby becoming the first state-owned oil company to join the global initiative. In a short ceremony on[Read More…]
Nigeria Imports 952,380 Tonnes Of Plastics Annually – NESG The Nigerian Economic Summit (NESG) has said Nigeria imports an estimated average of 952,380 plastics and plastic products annually from different parts of the world. Chair of the technical sub-committee of the 29th NESG Mrs Ozofu Ogiemudia said Nigeria is one[Read More…]
LG Donates Products, Health Care Items To Medical Centre LG Electronics, a leading consumer electronics company, has donated essential products and health items to the Federal Medical Centre, Abuja. The donation includes a wide range of essential products and health items that will benefit the hospital’s patients and medical[Read More…]
SEC to discuss infrastructural Deficits, other top agenda at WACMAC The need to tackle infrastructure deficit in the West African sub-region as well as embrace principles of sustainable finance in a bid to promote economic development are some of the issues to be discussed as the Securities and Exchange[Read More…]
