CAP appoints Folasope Aiyesimoju new Chairman
The Board of Directors of Chemical and Allied Products Plc has announced the election of Mr. Folasope Aiyesimoju as Chairman of the Board. Nairametrics reported that the appointment, which became effective…
Magnitude 4.8 earthquake hits France
The German Research Centre for Geosciences reported that a 4.8-magnitude earthquake occurred in France on Friday. According to GFZ, the epicentre of the earthquake was close to a commune in the…
Polaris Bank names Chinwe Iloghalu new Executive Director
Polaris Bank has appointed Chinwe Iloghalu to its executive leadership team as Executive Director, Lagos and Corporate Banking. According to Nairametrics, Chinwe will work for Polaris Bank Limited, a Tier…
NEC backs NADDC on mass production of electric vehicles
The National Economic Council has backed the move by the National Automotive Design and Development Council, to begin mass production of Electric Vehicles and Compressed Natural Gas-powered vehicles in the…
Subsidy: Daily fuel usage drops from 66m to 40m – Report
The withdrawal of fuel subsidies, announced by President Bola Tinubu on May 29, 2023, has cut Nigerians' daily use of petrol from 66 million to 40 million. According to Vanguard,…
Anambra targets N160bn revenue from oil investment
The Anambra State Government has begun importing one million palm oil seedlings and one million coconuts from Malaysia, in order to make N160 billion annual revenue. The News Agency…
Lagos fully prepared to implement Electricity Act – Commissioner
The Lagos State Commissioner for Energy and Mineral Resources, Olalere Odusote, has shown confidence in the state's ability to carry out the 2023 Electricity Act. In a recent statement posted on social…
How 2023 Electricity Act will boost manufacturing sector – MAN
The newly passed 2023 Electricity Act is expected to benefit the country's manufacturing industry, according to the Manufacturers Association of Nigeria. Nairametrics reported that the lack of proper access to…
Lagos ports processed 90% Nigerian exports in Q1 – NBS
In the first quarter of 2023, various ports in Lagos handled 97.13 percent of exports and 81.5 percent of imports, accounting for about 90 percent of all import-export transactions in Nigeria.…
Subsidy: Edwin Clark backs Tinubu, demands palliatives
By Wilson Adekumola An elder statesman and South-South leader, Chief Edwin Clark, has backed President Bola Tinubu on fuel subsidy removal urging him to prioritise the provision of palliatives…
45 Nigerian channels have over 1m subscribers – Youtube
YouTube, the video streaming website, has announced that 45 Nigerian-owned channels have surpassed one million subscribers on the platform, an achievement that promises more revenue for content creators. Nairametrics reported…
UN, WFP unveil $2.5bn plan to fight hunger in Nigeria
The United Nations World Food Programme has developed a $2.5 billion Country Strategic Plan to tackle rising hunger and malnutrition in Nigeria, Africa's most populous country. Nairametrics reported that WFP Country Director,…
