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Business
Government Requires $10bn Annually To Fix Power Sector- Minister
Nigeria’s Minister of Power, Adebayo Adelabu says the Federal Government requires 10 billion dollars anually in the next ten years to revive the nation's power sector and end the liquidity challenge.
Adelabu disclosed this in Abuja at a…
Money Laundering: EFCC To Freeze 1,146 Bank Accounts
In an effort to crackdown on forex racketeers, the Economic and Financial Crimes Commission( EFCC), is set to investigate One Thousand, One Hundred and Forty (1,146) bank accounts belonging to individuals and companies over alleged money…
Google To Invest In African Startups
Google, a multinational American corporation in the technology sector, plans to invest in African startups utilizing artificial intelligence (AI) and machine learning (ML) through its Startups Accelerator Africa program.
The program, now…
Shell To Complete $2.4bn Nigeria Assets Sale, FG Says
The Federal Government has commenced a due diligence meeting for the proposed $2.4bn asset sale by Shell to Renaissance Africa Energy, and announced that it targets to complete the divestment exercise by June 2024.
Shell, a British energy…
NERC Deregulates Pre-paid Meters Prices
The Nigerian Electricity Regulatory Commission(NERC ), has released an order on the Deregulation of Meter Prices for meters deployed under the Meter Asset Provider Scheme.
It said the prices of meters were deregulated after Meter Asset…
Digital Public Infrastructure: Stakeholders Call For Collaborative Investment
Stakeholders have called for more collaborative investment in Digital Public Infrastructure (DPI), to make it more accessible, affordable, inclusive and sustainable for all citizens.
The call was made at a Digital Public Infrastructure…
MTN Nigeria Enterprise Introduces Video Conferencing Platform For SMEs
In partnership with SpeechLogix and Zoom, MTN Nigeria Enterprise Business has introduced a video conferencing platform known as Meetings+, designed specifically for Small and Medium Enterprises (SMEs).
The General Manager of Business…
Delta Airline To Begin Lagos-New York Flight
United States carrier, Delta Air Lines, has said it will commence a daily service to Lagos from New York from December 1, 2024.
The airline also announced that its service enhancement to Accra, Ghana, and South Africa is underway as the…
Standard Chartered Bank Of Nigeria Appoints New CEO
Standard Chartered Bank has announced the appointment of Dalu Ajene as the Chief Executive Officer (CEO) of the bank’s operations in Nigeria.
Ajene takes over from Lamin Manjang, the Vice Chairman Africa and Acting CEO who will be…
Naira Rebounds To 1,275/$ At Parallel Market
The naira has demonstrated signs of strengthening against the United States dollar, appreciating by N125 to reach N1,275/$1 over the weekend.
The new rate represents a 9.8 per cent increase when compared to N1,400 to a dollar it traded…