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FG unveils energy transition plan, gets $3bn investment
Energy

FG unveils energy transition plan, gets $3bn investment

Vice President Yemi Osinbajo Wednesday launched Nigeria’s Energy Transition Plan which will help Nigeria tackle energy poverty and climate change crises. In a series of Tweets on Wednesday, Osinbajo added that Nigeria, South Africa and Angola had announced a net-zero global warming target. According to Osinbajo, the World Bank and the US Export-Import Bank invested […]

55 African businesses to receive VISA grant
Business

55 African businesses to receive VISA grant

Visa in collaboration with Standard Bank and the United Nations Economic Commission will be giving grants to women fund managers in South, East and West Africa. According to Nairametrics, the grant to be given to the African Women Impact Fund will target 55 women who responded to the African Women Impact Fund’s call to action […]

Energy transition: Osinbajo meets Siemens officials
News

Osinbajo unveils National Council on Infrastructure

The new National Council on Infrastructure has been unveiled by the Vice President, Prof Yemi Osinbajo on Tuesday. During the unveiling, Osinbajo said the move would bridge the nation’s infrastructure gaps while widening the frontiers of Public-Private sector collaboration. This was according to a statement signed by the Senior Special Assistant to the Vice President […]

Why oil theft estimates are unrealistic- Navy
News

How Nigeria recovered N86.2bn stolen oil in one month

A report has revealed how Nigeria recovered N86.2bn worth of stolen oil through the efforts of various security operatives across the 36 States of the Federation in the last month. According to The PUNCH, members of the Nigeria Security and Civil Defence Force on Monday were reported to have recovered a total of 16, 000 […]

Samsung leads Qatar's mega-solar projects
Energy featured

Samsung leads Qatar’s mega-solar projects

Gas-rich Qatar on Tuesday announced two major solar projects that will more than double its energy output from renewable sources within two years. Energy Minister Saad Sherida al-Kaabi hailed the new development as a major step in efforts to “increase the reliance on high-efficiency renewal energy” in the Gulf state, which is one of the […]

CBN opens eNaira to USSD transaction
Banking

eNaira hits $9m transactions, 840k downloads

The eNaira has recorded ₦4 billion ($9.3 million ) transactions and 840,000 app downloads, Gadgets Africa reports. This comes a few days after the Governor of the Central Bank of Nigeria, Godwin Emefiele, disclosed that eNaira will be available on  Unstructured Supplementary Service Data. According to Tech Cabal, the CBN governor, Godwin Emefiele, stated that […]

Power generation dropped 43mw after worker's strike - FG
News

Power generation dropped 43mw after worker’s strike – FG

Data received from the Federal Ministry of Power on Sunday revealed that the recent one-day strike by employees of the Transmission Company of Nigeria caused Nigeria’s power generation to plummet from a peak of 4,829.5 megawatts to as low as 43MW. AMBusiness reported that the nation’s electricity grid was shut down last Wednesday by transmission […]

Energy transition: Osinbajo meets Siemens officials
News

FG completes acquisition of four DisCos

The Federal Government has completed the acquisition of four energy distribution firms and established the board of the Nigeria Electricity Liability Management Company. Vice President Yemi Osinbajo, on Friday, said the newly constituted board of the Nigeria Electricity Liability Management Company would enhance ongoing efforts to resolve the liabilities relating to tariff shortfalls for power […]

News

SEC announces N177bn unclaimed capital market dividends

  The Nigeria’s Securities and Exchange Commission on Friday reported a rise from N168 billion in unclaimed dividends in 2020 to N177 billion in 2021. According to The PUNCH, this was disclosed by the Director-General, SEC, Lamido Yuguda in Abuja while speaking on some of the outcomes of the second Capital Market Committee meeting. Responding […]

Flights to South-South most expensive - NBS
Aviation

Trapped forex: More airlines to halt Nigerian operations

More foreign airlines are preparing to suspend their operations in Nigeria as a result of their inability to repatriate their trapped ticket sales fund in the country. This comes after Emirates Airlines announced on Thursday that it would cease operating flights into Nigeria as of September 1, 2022. British Airways warned its customers on Thursday […]

FG to end fuel subsidy in 2023 - Minister
Oil and Gas

FG to end fuel subsidy in 2023 – Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has disclosed that the Federal Government will stop paying subsidies on Premium Motor Spirit (petrol) by June 2023. According to The Punch, Ahmed made this disclosure during a meeting with the House of Representatives Ad Hoc Committee investigating the Petroleum Products Subsidy Regime from 2013 […]

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