Prepaid meters’ installation rises 3.9% to 171,107 Despite the federal government promises, the sluggish growth in the number of prepaid meters installation persisted in first quarter 2023, Q1’23, with number of meters installed rising by quarter-on-quarter, QoQ by 3.95 per cent to 171,107 from 164,612 meters installed in the[Read More…]
NERC says Electricity Subsidy costs Nigerian Govt N36bn in three months The Nigerian Electricity Regulation Commission (NERC) has said Federal Government paid a total of N36 billion to subsidise electricity consumption in the country in the first quarter of 2023. NERC stated this in its quarterly report, adding that[Read More…]
FirstBank Technology Academy entry begins First Bank of Nigeria Limited has announced the call for participation in the second edition of its FirstBank Technology Academy. Interested participants are to a dedicated website to complete the online application process, a statement by the bank said. The application, which closes on[Read More…]
Miners seek partnership with FG to shore up FX supply Miners have called on the Federal Government to partner them to explore the huge potential in the sector to increase the country’s gross domestic product (GDP) and increase foreign exchange (FX) supply. They said the sector holds a huge potential[Read More…]
Stanbic IBTC, SMEDAN lift 3000 SMEs Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has reaffirmed its commitment to empowering Small and Medium Scale Enterprises (SMEs). To this end, the bank has signed a partnership agreement with the Small and Medium Enterprises Development Agency of Nigeria[Read More…]
Niger coup: Niger waits to see what next as deadline arrives Leaders of Niger’s military coup face a deadline of 6 August to release and reinstate the democratically elected President Mohamed Bazoum. The cut-off date was set by the regional bloc known as ECOWAS and if demands are not[Read More…]
NNPC advocates for strategic balance in managing Energy transition The Chief Upstream Investment Officer, NUIMS, NNPC Ltd., Bala Wunti has emphasised the need for a balance in managing energy transition. He made the disclosure at the 46th edition of the Nigeria Annual International Conference and Exhibition (NAICE) held[Read More…]
UBA partners Medplus, Oriki, i-fitness, to enhance customer experience United Bank for Africa (UBA) Plc has entered into partnerships with three health-based organisations to create robust synergy for enhanced customer experience. UBA’s partnership with MedPlus Pharmacy Nigeria, I-Fitness Gym Nigeria, and Oriki Spa and Wellness Centre, is expected[Read More…]
Tinubu nominates Keyamo, Mahmud as ministers, removes Maryam Shetty President Bola Ahmed Tinubu has nominated former Minister of State for Labour and Employment, Festus Keyamo, as minister. Tinubu announced this in a letter addressed to Senate President Godswill Akpabio and read during plenary on Friday. The president also withdrew the[Read More…]
GlaxoSmithKline to cease operation in Nigeria GlaxoSmithKline Plc (GSK), a British multinational drug maker and biotechnology company on Thursday announced its intention to cease operations in Nigeria. This announcement was made known in a statement filed at the Nigerian Exchange (NGX). The statement explained that GSK’s operations in Nigeria[Read More…]
