The Board of NOVA Merchant Bank has secured the approval of shareholders to transform the bank into a commercial banking services provider. In a unanimous approval given during the company’s 6th Annual General Meeting in Lagos on Wednesday, the shareholders agreed that the bank remained well-positioned to sustain and build upon its growth legacy by […]
The African Securities Exchange Association (ASEA) and the United Nations Economic Commission for Africa (ECA) have signed a Memorandum of Understanding (MoU) in a move towards fostering closer collaboration and promoting financial market development and integration in Sub-Saharan Africa (SSA). A statement from ASEA on the deal, indicated that the pact represented a major milestone […]
Ogun State Government has commenced the process of converting fossil-powered vehicles to Compressed Natural Gas (CNG) powered in furtherance of its E-Mobility and Gas Mobility Programme. The programme involves the conversion of mass transit buses from fuel to gas and tricycles and motorcycles to electric. To transform the plan into reality, a team of technical […]
The President of the Senate, Sen. Godswill Akpabio; the Speaker of the House of Representatives, Hon. Tajudeen Abbas; a former Minister of Information and Communication, Frank Nweke Jr., are among the dignitaries expected at the Tuesday, July 25, public presentation of a book written by Omoniyi Ibietan, the Head, Media Relations, at the Nigerian Communications […]
Fidelity Bank Plc has notified the Nigerian Exchange Limited (NGX) on its intention to raise capital through a combination of a public offer and a rights issue. In a statement signed by the Company Secretary, Ezinwa Unuigboje, and sent to the NGX, the Tier-2 deposit money bank (DMB), indicated that the latest offer would raise […]
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that the Federal Government subsidized electricity consumption by Nigerians with N2.8 trillion from 2015 to 2022. The commission gave these figures in its July 2023 report titled ‘Overview of the Nigeria Electricity Supply Industry’. According to the NERC the subsidy payment for the first months of this […]
Dell Technologies, a leading global ICT firm, has reported that 52% of companies in Africa lack the capacity to handle a large-scale cyberattacks. The company made this disclosure in a report presented at a forum in Lagos, organized in collaboration with CWG and Mitsumi, to share insights on how companies could frontally tackle the increasing […]
The National Agency for Science and Engineering Infrastructure (NASENI) is calling on international investors to collaborate with it in local production and domestication of Lithium batteries and other renewable energy solutions. The Executive Vice Chairman/CEO of the agency, Dr. Bashir Gwandu, who made the call on Monday, said the agency was ready to partner with […]
The International Energy Agency (IEA) has charged global leaders on the need to address emissions from gas supplies, in spite of natural gas increasing roles in rapidly growing world’s energy markets. The Executive Director of the global organization, Fatih Birol, gave this charge during the July 18 LNG Producer-Consumer Conference which held in Tokyo, Japan. […]
The Federal Government of Nigeria has hinted of plans to commence the development of electric vehicles (EVs) under its Automotive Policy as the race towards carbon emission-free automobiles and other machineries adoption continue to gain traction globally. The Permanent Secretary, Ministry of Industry, Trade and Investment, Dr. Evelyn Ngige, made this disclosure at the Validation […]