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…]
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…]
FG to give Dangote Refinery full Operating licence The Nigerian government on Tuesday said it will soon grant the Dangote refinery a valid licence to operate fully in the country. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) Chief Executive, Farouk Ahmed, disclosed this at the[Read More…]
FG to harness Nuclear energy for electricity generation The Nigeria Atomic Energy Commission (NAEC) in partnership with the Centre for Energy Research and Training (CERT), Ahmadu Bello University, Zaria, are in plans to deploy nuclear technology to strengthen electricity generation in Nigeria. Yusuf-Aminu Ahmed, chairman of NAEC,[Read More…]
Fidelity Bank records a 120.1% growth in PBT to N39.5bn in Q1 2024 In line with its upward growth trajectory, leading financial institution, Fidelity Bank Plc, has posted an impressive 120.1% growth in Profit Before Tax from N17.9bn at the end of Q1 2023 to N39.5bn for Q1[Read More…]
NDIC Raises Depositors Coverage for Banks from N500,000 to N5m The Nigeria Deposit Insurance Corporation has announced the increase of the Maximum Deposit Insurance Coverage for banks operating within the country. At a media briefing held in Abuja, NDIC’s Managing Director, Bello Hassan, revealed the new coverage benchmarks. The[Read More…]
Wema Bank Marks 79 Years of Excellent, Service In a remarkable celebration of heritage and innovation, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT today announced a joint celebration marking Wema Bank’s 79th years and ALAT’s 7 years anniversaries. The bank in a[Read More…]
Binance Founder Sentenced to 4 Months in Prison for Money laundering Changpeng Zhao, the founder of Binance, has been sentenced to four months in prison for money laundering in Seattle, United States (US). The sentence was imposed by United States District Judge Richard Jones in Seattle on Tuesday after[Read More…]
Fuel Queues to be cleared May 1 – NNPC The Nigerian National Petroleum Company (NNPC) Limited has said that the ongoing shortfall in supply of petroleum products and queues for the products will cleared by May 1. The Chief Communications Officer, NNPCL, Olufemi Soneye, disclosed this to[Read More…]
Leadership Means Always Believing in Better – CEO, Sterling Bank Abubakar Suleiman, the Chief Executive Officer of Sterling Bank Limited, delivered an enlightening discourse on leadership during the prestigious Lagos Leadership Summit 2024, powered by the Lateef Jakande Leadership Academy, shedding light on the profound essence of effective leadership[Read More…]
