Nigeria plans to acquire 3.5 million electricity meters before the year’s end to boost revenue for its struggling power sector, where over half of customers are billed estimated charges. An agreement with the Nigerian Sovereign Investment Authority aims to finance 10 million meters over five years. China’s firms often supply[Read More…]
Author: Godwin Anyebe
NCC endorses short codes for promoting cultural content
The Nigerian Communications Commission (NCC) has announced its commitment to support the cultural re-orientation of Nigerians by mandating telecom companies to ensure subscribers have access to content that will preserve and positively shape Nigerian culture. Executive Vice Chairman of NCC, Dr. Aminu Maida made this announcement in Abuja during a[Read More…]
First Bank wins 2024 Best SME Bank in Nigeria, Africa
Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards for Best SME Bank in Africa and Best SME Bank in Nigeria at the highly coveted Asian Banker Global Excellence Retail Finance Awards 2024. The Excellence in Retail Finance Awards programme, which include the Global Excellence in[Read More…]
Cordros announces winners of ‘Every Child a Milestone Fund’ debate
Cordros Asset Management Limited, a financial service group in African markets has announced the winners of its 2024 ‘Every Child a Milestone Fund Debate’ competition with the presentation of hundred thousand naira seed fund to the winners recently in Lagos. Speaking on this development yesterday in Lagos, the Managing Director[Read More…]
FCCPC decries low turnout of farmproducts available to consumers
The fact finding mission by the Federal Competition, Consumer Protection Commission [FCCPC] has lamented the rising decline of farm produce available to consumers nationwide. The Commission made this discovery during a tour of duty by its team who traversed some of the nation’s major markets in some parts of the[Read More…]
‘Sniper causes cancer, deaths’, NAFDAC warns against use for food preservation
The National Agency for Food and Drug Administration and Control has once again warned Nigerians about the hazardous practice of using dangerous chemicals to preserve food items. Specifically, the agency has banned and emphasized the dangers associated with dichlorvos, a chemical commonly utilised by traders to safeguard food from spoilage.[Read More…]
Tobacco firms urged to embolden health warning graphics on products
Tobacco companies have been mandated to embolden health warning graphics on their products, to discourage smoking. The instruction was given recently by the Founder of Cogent Device International, Subuloye Oyetayo Precious, who also advised Nigerians to take their health seriously. Recall that the government had instructed tobacco firms to combine[Read More…]
NCC directs mobile operators to address data depletion concerns
The Nigeria Communications Commission said it has ordered Mobile Network Operators to conduct an independent audit of their billing systems to tackle the rising concerns over data depletion among subscribers. The NCC’s Director of Public Affairs, Reuben Mouka, signed a statement on Thursday outlining this directive, which aims to ensure[Read More…]
CSR: LG Electronics Donates Solar-Powered Borehole to Abule-Osun Community in Lagos
LG Electronics, a renowned global leader in technology and innovation, has made a generous contribution by providing a solar-powered borehole to the Abule Osun community in Lagos, Nigeria. This marks the second similar project in Nigeria, demonstrating the company’s commitment to addressing the pressing issue of access to clean drinking[Read More…]
FBN HOLDINGS MAINTAINS IMPRESSIVE PERFORMANCE, POSTS N238.53BN PBT IN Q1 2024
FBN Holdings Plc declared N238.53 billion profit before tax (PBT) in its unaudited first quarter (Q1) ended March 31, 2024 results, which was about 325.2percent growth from the N56.1 billion reported in Q1 ended March 31, 2023. The Q1 2024 results was a reflection of 2023 impressive performance as one[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]