ABUJA — The Nigerian Electricity Regulatory Commission (NERC) has commenced hearing on the application submitted by Green Power Distribution Nigeria Limited seeking an Independent Electricity Distribution Network (IEDN) licence, a move that could boost power access in underserved areas of the country. The hearing, which held at the Commission’s headquarters in Abuja, forms part of
The Group Chief Operating Officer of NNPC Ltd., Mr. Roland Ewubare, alongside the Executive Vice President of Downstream, Mr. Mumuni Dagazau, led a high-level delegation on a working visit and facility tour of the Warri Refining and Petrochemicals Company Limited (WRPC) in Delta State. The visit provided an opportunity for senior management to assess ongoing
Dr. Jibril Salaudeen, Director of Executive Education and Consulting at Nungu Business School, has called on Nigerians to prioritize entrepreneurship and investment, noting that 70 percent of wealthy individuals globally are not salaried workers. Speaking as Guest Speaker at the 2025 Zakat Disbursement Ceremony of the Lekki Muslim Ummah (LEMU), held at the Lekki Central
Abuja – The Federal Government has revealed plans to install 70,000 new telecommunications towers across Nigeria, with more than 80 percent of the sites designated for the northern region. This move is part of a wider effort to bridge the digital divide and improve access to quality internet services nationwide. The announcement was made by
Abuja – The Central Bank of Nigeria (CBN) has announced that foreign trade payments through Letters of Credit (LCs) rose to $267.96 million, reflecting a 4.4 percent increase compared to the same period last year. The increase signals growing confidence in Nigeria’s external trade sector, supported by improvements in foreign reserves and ongoing economic reforms.
LAGOS, Nigeria – Indigenous oil and gas firm, Petralon 54 Limited, has announced the commencement of drilling operations at the Dawes Island Field in Rivers State, a move expected to boost Nigeria’s daily crude oil production by an estimated 2,500 barrels. The drilling activity marks a major operational milestone for Petralon 54, a subsidiary of
In a move to strengthen consumer protection and promote transparency in the telecommunications sector, the Nigerian Communications Commission (NCC) has mandated all licensed service providers to promptly inform consumers about major service disruptions on their networks. The new directive applies to Mobile Network Operators (MNOs), Internet Service Providers (ISPs), and other last-mile service providers operating
LAGOS — Shareholders of Wema Bank Plc have lauded the financial institution’s impressive performance during its 2024 Annual General Meeting (AGM), following the release of its best-ever financial results. At the AGM held virtually in Lagos, the bank presented its audited 2024 financial report, which showed significant growth across all key performance indicators. Gross earnings
In a significant move to provide relief to Nigerians amid rising economic pressures, the Dangote Petroleum Refinery has once again lowered the pump price of Premium Motor Spirit (PMS), reducing it by N15 per litre. The new price takes immediate effect, with petrol now retailing at N875 per litre in Lagos, while varying slightly across
The Federal Government of Nigeria has commenced a comprehensive review of its trade and investment priorities as part of efforts to reposition the nation’s economy amid global economic shifts and emerging trade challenges. The move followed a high-level meeting of the Economic Management Team (EMT) held in Abuja and chaired by the Minister of Finance
