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Electricity

Ex-Eko DisCo CEO Tinuade Sanda dismissed from West Power & Gas

Alex Omenye Dr. Tinuade Sanda, recently removed as MD/CEO of Eko Electricity Distribution Company, has now been terminated from her position at the holding company, West Power & Gas. This development concludes a series of significant leadership changes within the organization, driven by directives from the Nigerian Electricity Regulatory Commission, Nairametrics reported. Dr. Sanda’s removal […]

Aviation

Air Peace blames heavy rainfall for flight disruption

Air Peace Airline has said that the flight disruption and delays being experienced by its passengers are due to heavy rainfall in Lagos. This disclosure was made in a statement by the management of Air Peace via a post on its official X handle on Sunday. The statement reads, “Dear Esteemed Customers, The heavy rainfall […]

News

FG to roll out CNG-powered buses, Keke May 29

The Federal Government has announced that it was ready to launch about 2,700 CNG-powered buses and tricycles before May 29 when President Bola Tinubu turns one year in office. This disclosure was made in a statement signed via a post on X by the Special Adviser to the President on Information and Strategy, Mr. Bayo […]

Tesla cuts prices for Model Y, X, S cars
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Tesla cuts prices for Model Y, X, S cars

Tesla has reduced the prices of its Model Y, Model X, and Model S by $2,000 for buyers in the US, Reuters reported. The North American division of the company announced the adjustment to the Model Y on Friday night, concurrently revealing the discontinuation of Tesla’s referral program benefits across all markets by April 30. […]

Nigeria expecting $2.2bn loans from World Bank - Minister
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Nigeria expecting $2.2bn loans from World Bank – Minister

The Federal Government is anticipating approximately $2.2 billion in single-digit interest loans from the World Bank, along with a budget support facility from the African Development Bank. This was revealed by Finance Minister Wale Edun during a press briefing at the conclusion of Nigeria’s participation in the World Bank/IMF Spring Meetings in Washington DC, USA, […]

CAC denies irregular recruitment
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CAC denies irregular recruitment

The Corporate Affairs Commission refuted allegations of irregular staff recruitment under the leadership of its Registrar-General/CEO, Hussaini Ishaq Magaji, SAN. In a statement released on its official X page on Saturday, April 20, 2024, CAC denied reports online that accused the Registrar of hiring over 100 graduates from his home state of Bauchi. The statement […]

Telcos to receive $1bn network equipment in July — Minister
News

Isa Pantami criticizes Bosun Tijani for Robotics Centre relaunch

Former Minister of Communications and Digital Economy, Isa Pantami, criticized his successor, Bosun Tijani, for relaunching the National Centre for Artificial Intelligence and Robotics. NCAIR was established as a platform to promote research and development in emerging technologies like Artificial Intelligence (AI), Robotics, UAV, and the Internet of Things, focusing on Nigerian national interests. Tijani, […]

JP Morgan CEO Dimon labels Bitcoin scam
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JP Morgan CEO Dimon labels Bitcoin scam

The Chief Executive Officer of the global banking giant JP Morgan Chase, Jamie Dimon, has labeled Bitcoin as a Ponzi scheme, sparking controversies within both the crypto and financial spheres. Dimon’s recent comments echo his longstanding criticism and skepticism towards cryptocurrencies such as Bitcoin. Dimon’s critique and ongoing campaign against Bitcoin stem from his belief […]

90% of Nigeria's tax revenue comes from nine sources – Wale Edun
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90% of Nigeria’s tax revenue comes from nine sources – Wale Edun

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has highlighted that approximately 90% of tax revenue flowing into the government treasury originates from just nine tax heads. Despite Nigeria having around 80 different taxes and levies, these nine sources significantly contribute to the Gross Domestic Product. Edun emphasized the government’s objective […]

Access Bank nears final stages of National Bank of Kenya acquisition
News

Access Holdings shareholders approve $1.5b capital raising

Shareholders of Access Holdings Plc endorsed the group’s proposal to establish a capital raising programme of up to $1.5 billion, along with a subset initiative to raise up to N365 billion through a rights issue during the 2nd Annual General Meeting held in Lagos on Friday. The proceeds from the rights issue are intended to […]

Banking

Access goes fully digital in N365bn capital raise

Access Holding, the parent company of Nigeria’s biggest bank, Access Bank, has announced a full digital subscription to its N365 billion rights issue. This disclosure was made in a notice filed with the Nigerian Exchange Limited. The firm said it intends to raise N365bn through the issue of shares to strengthen its capital base, support […]

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Cooking gas price rises 42.97% – NBS

Alex Omenye The National Bureau of Statistics reported a significant 42.97% increase in the average retail price to refill a 5kg cylinder of Liquefied Petroleum Gas (Cooking Gas) from N4,610.48 in March 2023 to N6,591.62 in March 2024. This marks a monthly rise of 7.10% from N6,154.50 in February 2024. A state-level breakdown reveals Kano […]

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