The Nigerian Electricity Regulatory Commission (NERC) on Tuesday said it installed a total of 185,439 meters in Q4 2024. NERC announced this on its 2024 Fourth Quarter Report, published on its website in Abuja. According to the report, this represents a marginal increase of 0.19 per cent compared to Q3 2024, when 185,087 meters were…
Some Ibadan residents have expressed anxiety over an anticipated increase in prices of items following Dangote Refinery’s move to stop the transaction of petroleum products in Naira come March 31. The respondents shared their minds in separate interviews with the News Agency of Nigeria (NAN) in Ibadan on Tuesday. A graphic designer, Mr Oluyemi Ojeyemi,…
First Bank of Nigeria Ltd. on Monday innaugurated its fifth Digital Xperience Centre in Lekki, Lagos, to address the growing demand for convenient and accessible banking services. The Managing Director of First Bank, Mr Olusegun Alebiosu, at the event, said the branch would provide convenient access to banking services and facilities 24 hours daily. Alebiosu…
The stock market opened the week on a positive note, with investors gaining N369 billion and performance indices rising by 0.56 per cent on Monday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.56 per cent to N66.188 trillion from an opening of N65.819 trillion recorded on Friday. The All-Share Index also rose…
The Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) has raised alarms about potential risks linked to the Naira-for-crude oil policy. The association warned that the policy could jeopardise Nigeria’s foreign exchange stability and discourage Foreign Direct Investment (FDI) inflows. Olufemi Adewole, Executive Secretary of DAPPMAN, expressed these concerns in a statement issued on…
Dangote Cement Plc has achieved a “B” score in climate change and water security disclosures released by the Carbon Disclosure Project (CDP). This is contained in a statement by the Managing Director and Chief Executive, Dangote Cement, Mr Arvind Pathak, on Monday in Lagos. The News Agency of Nigeria (NAN) reports that CDP is the…
The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known on Sunday in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 seed grant…
Air Peace Ltd. has reduced its Nigeria-London airfare by N600,000 for all travellers emanating from Nigeria. This is contained in a statement signed by the airline’s Head of Corporate Communications, Dr Ejike Ndiulo, on Wednesday in Lagos. According to Ndiulo, the offer is in the airline’s latest promo. He said that the airline’s passengers could…
The Federal Capital Territory Administration (FCTA) has approved the procurement of Microsoft 365 license for its Internal Revenue Service (FCT-IRS) as part of efforts to digitise the operations of the service. Mr Michael Ango, acting Executive Chairman, FCT-IRS, disclosed this after the FCT Executive Committee meeting chaired by the minister, Mr Nyesom Wike, in Abuja…
Residents of Port Harcourt rushed to markets on Wednesday to stockpile food and other essential items following the state of emergency declaration in Rivers. President Bola Tinubu had on Tuesday suspended Gov. Siminalayi Fubara, Deputy Governor Ngozi Odu, and the state lawmakers for a six-month period, citing security concerns. A News Agency of Nigeria (NAN)…
