Electricity distribution companies (DisCos) in Lagos are set to upgrade customers’ meters to the new Standard Transfer Specification (STS). Industry sources cited by the News Agency of Nigeria (NAN) in a report indicated that the upgrade of meters would start in August and expected to be completed before November 2024. According to the DisCos, the […]
The Centre for the Promotion of Private Enterprise (CPPE), one of Nigeria’s advocacy groups championing the cause of the organized private sector (OPS), has projected that despite the current concerns about the nation’s foreign exchange market volatility, there are strong indications that the volatility will abate as the government continues to respond to the FX […]
Economists and fiscal experts have described the latest moves by the Federal Government to establish an Infrastructure support facility from the surpluses recorded in revenue collections following the unification of the foreign exchange (FX) rate as fiscally unreasonable. The Special Adviser to the President on Communications and Strategy, Mr. Dele Alake, had disclosed at the […]
The Executive Vice Chairman/Chief Executive Officer, National Agency for Science and Engineering (NASENI), Dr. Bashir Gwandu has called for stronger collaboration between the Air Force Institute of Technology (AFIT), Kaduna and his agency for the take-off of the permanent site of Aeronautics and Air Vehicle Development Institute (AAVDI), an Institute under NASENI. The NASENI boss, who […]
The Federal Inland Revenue Service (FIRS) has announced that it raked in total tax revenue of N5.5 trillion for the half-year period of January to June 2023, representing the highest tax revenue collection ever recorded by the Service in any first six months of a fiscal year. The Executive Chairman of the federal revenue agency, Mr. […]
…..seizes contrabands worth over N1bn The Nigeria Customs Service (NCS), Port Harcourt Area 11, Onne Command, reported on Thursday that it raked in over N118 billion in the first half of the 2023 fiscal year. The Command Comptroller, Imam Baba, who gave these figures through a statement signed by the Command’s Public Relations Officer, Spt. […]
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 […]