Nigeria on track to full electrification – Osinbajo
Vice President, Prof. Yemi Osinbajo has stated that Nigeria is on track to achieving national energy access in the next decade. Osinbajo made this statement on Tuesday during the commissioning…
BREAKING: Elumelu’s Transcorp named Abuja DisCo’s preferred bidder
The National Council of Privatization has approved Transcorp Group as the preferred bidder for the Abuja Electricity Distribution Company. According to a Nairametrics report, this was made known by…
Airtel Africa renews spectrum licence with N59b
A telecommunications company, Airtel Africa, has stated that its Nigerian subsidiary, Airtel Networks Limited, Airtel Nigeria, has paid N58.7 billion to renew its 2×10 MHz 2100 MHz spectrum license with…
Naira drops as forex market records 29% decline
The value of the naira dropped against US Dollar due to a decline in the daily foreign exchange turnover by 29.15% in the official market. According to the data obtained…
Nigeria, Turkey partner to promote automotive industry
The Nigerian government has collaborated with an automotive manufacturing entity located in Turkey to advance the country's automobile sector. According to the News Agency of Nigeria, this was disclosed by…
LinkedIn to cut 700 jobs including China app
LinkedIn, a social media site for business connections, has announced its intention to close its app for Chinese job seekers as well as lay off more than 700 employees. According to Aljazeera, following…
How Tony Elumelu took my UBA, Transcorp shares – Otedola
Billionaire businessman, Femi Otedola, on Tuesday morning, went down memory lane on his relationship with Tony Elumelu and his plans for Transcorp before he opted out because his bid was…
Why West Africa’s insurance sector needs upgrade – Finance Minister
Nigeria's Minister of Finance, Dr. Zainab Ahmed, has urged insurance stakeholders in West Africa to update their operations in order to take advantage of the African Continental Free Trade Agreement…
Investing in Africa’s power sector’ll alleviate poverty – Elumelu
The Chairman of Heirs Holdings, Tony Elumelu, has called on the private sector stakeholders to ensure adequate investments in Africa’s power sector in order to alleviate poverty. Elumelu, who…
Buhari directs NUPRC to supervise all crude oil export terminals
The President, Major Muhammadu Buhari (retd.), has directed the Nigerian Upstream Petroleum Regulatory Commission to take over the supervision of all crude oil export terminals in the country. According…
Osinbajo hands Transcorp certificate of discharge
Vice President Yemi Osinbajo on Monday presented a discharge certificate to the chairman of Transcorp Power Limited, Tony Elumelu, who is the major investor in the Ughelli Power Plant. The…
NSIB, NCAA launch investigation into Max Air plane incident
The Nigerian Safety Investigation Bureau as well as the Nigeria Civil Aviation Authority have launched an investigation into the immediate and remote causes of the Max Air aircraft mishap, which…
