TCN Transmission vandalized for the fifth time in 4 weeks The Transmission Company of Nigeria (TCN) has reported a destruction of its infrastructure -the Shiroro-Katampe 330kV transmission line which makes it the fifth time the incident has occurred since February. A statement by the company said that the latest incident[Read More…]
IWD: BOI empowers women entrepreneurs with $6.02m The Bank of Industry (BOI) has supported women entrepreneurs with the disbursement of $6.02 millon to help empower them in their businesses. Managing director, BoI, Dr. Olasupo Olusi disclosed this at the weekend during the BoI International Women’s Day 2024 with the[Read More…]
Electricity Firms Calls on FG to settle N100 billion debt Association of Nigerian Electricity Distributors, is calling on the Nigerian government to settle the N100 billion electricity outstanding debt that is being owed by the firm. Sunday Oduntan, Executive Director of the Association stated this in an interview with[Read More…]
International Women’s Day: Union Bank Advocates for Inclusivity, Female Empowerment Union Bank of Nigeria has re-emphasised its advocacy for an equitable and inclusive society devoid of biases, stereotypes, and discrimination. This assertion was recently made at a special event hosted by the Bank to commemorate this year’s International Women’s[Read More…]
FX reforms paying off as overseas remittances swell by over 400% says CBN On Thursday, the apex bank said overseas remittances into the country rose to $1.3 billion in February compared to $300 million in the preceding month. The bank’s acting Director, Corporate Communications Department, Mrs. Hakama Sidi Ali,[Read More…]
CBN to sanction Microfinance banks over late submission of monthly returns The Central Bank of Nigeria has threatened to sanction development finance institutions, primary mortgage banks, and microfinance banks regarding the timely submission of their statutory monthly returns through the Financial Institutions Returns Automation (FinA) application. The Apex Bank gave[Read More…]
Tinubu Signs Executive Orders to boost Nigeria’s Oil, Gas Sector President Bola Tinubu has signed an executive orders with policy directives that will improve the investment climate and position Nigeria as the preferred investment destination for the oil and gas sector in Africa. In a statement by presidential spokesman, Ajuri[Read More…]
FBNQuest, Metropolitan educates Nigerians on Islamic Estate Planning FBNQuest Trustees, a subsidiary of FBN Holdings, has partnered with the Metropolitan Law firm to host the sixth Islamic Estate Planning Clinic to enlighten individuals on the importance of estate planning under Islamic law. FBNQuest Trustees, a subsidiary of FBN[Read More…]
Dangote names Refinery Road after Herbert Wigwe Aliko Dangote, founder of Dangote group of companies, on Monday named the 120 kilometer stretch of road to his refinery after Herbert Wigwe, former group CEO of Access Corporation Plc. Dangote made the pronouncement at the celebration of professional excellence in honour of[Read More…]
CBN slashes Customs FX duty rate by 5.3% as naira stabilies The Central Bank of Nigeria (CBN) has further slashed the exchange rate for computing Customs duties at the nation’s seaports by 5.3 percent following the stability in the exchange rate of naira to the dollar. The Customs FX duty[Read More…]
