NCAA Audit: Dana Air Lays Off Workers Temporarily Dana Air has announced that it is temporarily laying off some of its workers amid an ongoing operational audit by the Nigerian Civil Aviation Authority (NCAA). The airline has stated that the decision was made to ensure efficient management of resources[Read More…]
American Express Unveils Business Credit Card for Nigeria Users American Express Co. has unveiled its first business credit card in Nigeria through a collaboration with local neobank O3 Capital, potentially enhancing dollar accessibility for businesses in the West African nation. The new card, introduced on Thursday in Lagos,[Read More…]
CBN orders Banks to suspend charges on Deposits till September The Central Bank of Nigeria (CBN) has ordered deposit money banks and financial institutions to suspend processing fee on deposits till September 30, 2024. In a circular, the apex bank ordered that financial institutions suspend processing charges imposed[Read More…]
Cadbury Finance Director in Nigeria, Ogaga Ologe resigns Cadbury Nigeria Plc, a food, sweets and drink company headquartered in Lagos, Nigeria has announced the resignation of Ogaga Ologe as its finance director which will be effective on July 22, 2024. This is according to a statement released[Read More…]
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…]
Ikeja Electric adds 19 new Band A feeders to communities Hours after slashing the tariff for Band A customers who get between 20-24 hours of electricity supply daily, Ikeja Electric has added more communities to the Band A network. The regions Incorporated into Band A of the Disco network[Read More…]
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 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…]
