The Federal Competition and Consumer Protection Commission (FCCPC) has decried the relationship between electricity consumers and distribution companies (DisCos), saying it is oppressive. The Executive Vice Chairman/Chief Executive Officer of FCCPC, Babatunde Irukera, also said the Nigerian Electricity Supply Industry (NESI) could not endure long-term or generationally in that mode.[Read More…]
Author: Godwin Anyebe
Tourism and Technology Summit Africa 2023: Shaping the Future of Travel and Hospitality in Africa
The highly anticipated Tourism and Technology Summit Africa is set to take place on October 27, 2023, at the Oriental Hotel in Lagos, Nigeria. This groundbreaking event will bring together industry leaders, innovators, and experts to explore the dynamic intersection of tourism and technology in shaping the future of travel[Read More…]
ADVAN Set to Challenge the Constitutionality of ARCON Law in Court
The Advertisers Association of Nigeria (ADVAN) under the leadership of Mr. Osamede Uwubanmwen, the President, has officially gone to court to challenge the constitutionality of the amended Advertising Practitioners Council of Nigeria (ARCON) Law. The Ministry of Information as the oversight ministry has also been included in the suit. Making[Read More…]
Nigerian Marketing Awards Records Upsurge in Entries
Entries received for the upcoming 2023 Nigerian Marketing Awards has overshot total entry recorded for the first edition of the award launched in 2022. A total of 145 entries showing a 37per cent increase over entries received for the inaugural award in 2022. According to Tony Agenmonmen, fnimn, founder of[Read More…]
Stanbic IBTC Pension Managers Facilitates Home Ownership for RSA Holders
Stanbic IBTC Pension Managers has paid out N1.6 billion to one hundred and fifty customers as at October 3, 2023, thus enabling them to become proud homeowners. According to a press release, this followed the implementation of approved guideline on accessing Retirement Savings Account (RSA) balance towards payment of equity[Read More…]
Stanbic IBTC earnings estimated to hit N125b
IBTC earnings has been estimated to rise to about N125.5 billion in the financial year 2023. The financial services group has seen its market valuation accelerate above N1 trillion mark in the stock market. In its update, the research unit of the Nigerian leading investment firm CardinalStone is prospecting higher[Read More…]
CHALLENGES of Housing Deficit Takes Center Stage at Knight Frank Conference
Issues around the challenges of acute housing deficit in Nigeria and beyond were the crux of discussion at this year’s Knight Frank Lagos Property Conference with the theme: Pragmatic Solution for Housing Delivery: Charting the Roadmap today in Lagos. In his welcome address, Frank Okosun, Senior Partner/CEO, Knight Frank Nigeria[Read More…]
Mowana International Pioneers a Groundbreaking Tool to Boost African Exports
Mowana International, a leading figure in the realm of global trade, proudly unveils a revolutionary initiative designed to empower Nigerian and African manufacturers to reach international markets while facilitating payments in foreign currencies. At the heart of this transformation is the Mowana Mobile app, replete with features including a dynamic[Read More…]
HoR Urge SON To Curb Proliferation Of Substandard Steel In Nigeria
The House of Representatives has urged the Standard Organisation of Nigeria (SON) to check the proliferation of sub-standard steel production in Nigeria. It called on SON to commence massive enforcement of its mandate to prosecute anyone dealing in substandard steel products to face the law as enshrined in section (4)[Read More…]
Stanbic IBTC launches fintech subsidiary, Zest
Stanbic IBTC Holdings Plc has launched its pioneering fintech subsidiary, called Zest, to revolutionise the payment sector. During the launch event in Lagos, the Group Chairman of Stanbic Holdings, Basil Omiyi, speaking on the company’s vision, said, “We aspire to become the leading end-to-end financial services provider for businesses and[Read More…]
Consumer TV
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…]