Nigeria’s renewable energy investment potential hit $104bn – UK
Climate-smart investment potential in Nigeria, particularly in the renewable energy sector, is worth over $104bn, the United Kingdom High Commission has said. In his address at the Carbon Chamber Conference…
Telcos record 6.18 million new subscribers in four months
6.18 million Global System for Mobile Communications subscribers joined the national network between January and April this year, according a new industry statistics from the Nigerian Communications Commission. Also, the…
Port collapse: Cargo diversion may shift to West African countries
There are indications that the nation may soon start experiencing more cargo diversions to neighbouring West African ports as well as increase in freight rates due to the collapse of…
Inflation, others threaten Buhari’s poverty reduction scheme –World Bank economists
World Bank economists, Jonathan Lain and Jakob Engel, have said that rising inflation, persistent population growth, the COVID-19 pandemic, and the war in Ukraine are threatening Nigeria’s poverty reduction aspiration.…
FAAN commences replacement of old equipment at airports
The Federal Airports Authority of Nigeria said it has begun the replacement and repair of old equipment used to carry out its daily operations at airports across the country. The…
FG trains Egyptian, Ghanaian electricity workers
The National Power Training Institute of Nigeria, an agency of the Federal Government, has been contracted to train employees of the Egyptian Electricity Corporation as the organisation expands its activities…
Tinubu didn’t bring Econet to Nigeria -Tech investor
Nigerian tech investor, Victor Asemota, has said that presidential aspirant, Bola Tinubu, did not bring Econet Wireless (now Airtel) to Nigeria. The techpreneur's comments came after the All Progressives Congress'…
Debt servicing draws Nigeria closer to Lebanon crisis
Nigeria is edging closer to a Lebanon financial crisis that has caused the country to see a high rate of poverty, inflation, and emigration. BusinessDay, citing new projections by the…
Power gulps 40% of our production costs – Manufacturers
The Chairman, Board of Directors, Manufacturers Power Development Company, Ibrahim Usman, speaks on how unstable power supply is adversely affecting the manufacturing sector in this interview Six years ago, the…
Truckers read the riot act to curtail road crashes
The Association of Maritime Truck Owners has vowed to proffer solutions to factors responsible for constant accidents of articulated trucks on the roads. A letter by the National President of…
MTN appoints Mroue as non-executive director
The board of MTN has approved the appointment of Mazen Mroue as a non-executive director of the company effective June 1, 2022. This is according to a disclosure filed on…
CBN retains 5% interest rate for power sector, others
Sequel to its development finance initiative, the Central Bank of Nigeria has agreed to leave interest rates at five per cent per annum for critical sectors and manufacturing industries until…
