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NERC approves N21bn for free meters to Nigerians
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Again, Discos raise meter prices

Electricity Distribution Companies in Nigeria have announced a second price increase in four months for various electricity meter models. Starting from November 5, 2024, the cost of a single-phase meter will rise from around N117,000 to as much as N149,800, depending on the DisCo and meter supplier. This price hike follows the deregulation of Meter […]

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Moniepoint appoints Bayo Olujobi as CFO

Moniepoint Microfinance Bank has announced the appointment of Bayo Olujobi as its new Chief Financial Officer reinforcing the bank’s commitment to advancing financial inclusion. Olujobi, who joins Moniepoint from Stanbic IBTC Bank—a member of the Standard Bank Group—brings a wealth of experience in financial management. He previously served as the CFO of Stanbic IBTC Bank […]

Dangote Refinery loses N32.5bn after petrol price cut
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Deregulation shouldn’t be licence for substandard products- Dangote refinery

Dangote Refinery and Petrochemicals on Tuesday issued a strong statement to Pinnacle Oil and Gas Limited, asserting that deregulation should not be used as a justification for importing off-spec petroleum products or undermining Nigeria’s national interests. The refinery’s response came after comments by the Chief Executive of Pinnacle Oil and Gas Limited, Robert Dickerman, who […]

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MDAs risk sanctions over N39tn liability gap

The Federal Government has issued a warning to Ministries, Departments, and Agencies over non-compliance with asset documentation standards, announcing plans to address Nigeria’s N39 trillion negative net asset balance through the establishment of a comprehensive National Assets Register. This was disclosed by the Accountant-General of the Federation, Dr. Oluwatoyin Madein, on Tuesday at a one-day […]

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Conoil drives market recovery as investors gain N131bn

The Nigerian Exchange Limited reversed its six-day losing streak on Tuesday, with investors gaining N131 billion, fueled by notable share price increases in Conoil and JohnHolt. Both stocks rose by 9.93% and 9.92%, respectively, helping to drive the market out of the red zone. The market had suffered a combined loss of over N1.3 trillion […]

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FG seeks increased investment in agricultural sector

The Federal Government on Tuesday called on both local and international stakeholders to capitalize on the increasing interest in Nigeria’s agricultural sector by investing in large-scale mechanized farming. The Minister of Agriculture and Food Security, Senator Abubakar Kyari, made this disclosure at the inaugural edition of the three-day Farm, Food, and Allied Technologies Expo held […]

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FG urged to shelve tax reform bills

A tax expert and the Chief Executive Officer of AOC-Adebisi Oderinde & Co, Adebisi Oderinde, has urged President Bola Tinubu to reconsider the proposed tax reforms in Nigeria. “My advice is for us to make hay while the sun shines and the journey of 1,000km starts with a step, and slow and steady wins the […]

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NNPC harps on collaboration to achieve net-zero emissions

The Nigerian National Petroleum Company Limited has emphasized the need for greater collaboration and transparency in global efforts to decarbonize the energy sector, with a focus on phasing out carbon emissions across the entire oil and gas value chain. The goal is to achieve net-zero emissions by 2050. The Group CEO of NNPC, Mele Kyari, […]

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Prioritise consumers’ rights in metering, FCCPC tells Discos

The Executive Vice Chairman and Chief Executive Officer of the Federal Competition and Consumer Protection Commission, Mr. Tunji Bello, has urged Nigeria’s Electricity Distribution Companies to prioritize consumer rights in their electricity metering processes. This was disclosed by Bello during an urgent meeting with key stakeholders from Nigeria’s electricity sector, on Tuesday in Abuja. The […]

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Nasarawa ends joint account with LG

Governor Abdullahi Sule of Nasarawa State has abolished the joint account system between the state government and the 13 local government areas. This was disclosed by the Senior Special Assistant to the Governor on Public Affairs, Mr. Peter Ahemba in Lafia on Tuesday. This aligns with the Supreme Court’s ruling granting financial autonomy to local […]

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Chevron plans expansion in Nigeria, others

Chevron Corp. is looking to expand its exploration holdings in key African oil markets, including Nigeria and Angola, as the company anticipates a potential rebound in production despite a history of decline in the region. In an interview in Cape Town, the Vice President of Global Exploration at Chevron, Liz Schwarze, highlighted West Africa as […]

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