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NNPC trains over 1,000 mechanics on CNG vehicle conversion

The Nigerian National Petroleum Corporation Retail Limited, a subsidiary of NNPC, has successfully trained over 1,000 mechanics across Nigeria on the technical aspects of converting vehicles to Compressed Natural Gas. This was disclosed by the NNPC spokesperson, Olufemi Soneye, via the company’s official X handle on Saturday. The training program included practical demonstrations of the […]

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NERC confirms national grid collapse following Jebba transformer explosion

The Nigerian Electricity Regulatory Commission has confirmed the collapse of the national grid, caused by an explosion at a current transformer in the Jebba transmission station. This incident, which occurred at 08:15 hours, led to the shutdown of the grid system, impacting 33 states and the Federal Capital Territory. NERC has assured Nigerians that efforts […]

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Cuba begins gradual power restoration after nationwide blackout

Cuba began restoring limited power by Friday evening after a nationwide blackout caused by the collapse of a major power plant. Although some areas, particularly in Havana, regained electricity, many residents remained in the dark as efforts continued to stabilize the grid, according to Reuters. Cuba experienced a nationwide blackout after the Antonio Guiteras power […]

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Cuba begins gradual power restoration after nationwide blackout

Cuba began restoring limited power by Friday evening after a nationwide blackout caused by the collapse of a major power plant. Although some areas, particularly in Havana, regained electricity, many residents remained in the dark as efforts continued to stabilize the grid, according to Reuters. Cuba experienced a nationwide blackout after the Antonio Guiteras power […]

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National grid faces third collapse in a week

Nigeria’s national power grid has collapsed for the third time in a week, with the latest incident occurring on Saturday morning. This was confirmed by the Nigeria National Grid on their official X (formerly Twitter) account. In a statement issued at 8:40 a.m., the agency reported that all power distribution companies across the country were […]

AfDB President Adesina criticizes border opening for food imports
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Nigeria tops list of people without electricity, says AfDB President

The President of the African Development Bank, Akinwunmi Adesina, has revealed that Nigeria has the highest population of individuals living without electricity in the world. Speaking at the 90th birthday celebration of former Head of State General Yakubu Gowon, Adesina noted that approximately 86 million Nigerians lack access to electricity, solidifying the country’s position as […]

Nigeria, others spent $1.4trn on debt servicing in 2023 - World Bank
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FG seeks fresh $500m W’Bank loan to boost basic education

The Federal Government of Nigeria is in negotiations for a $500 million loan from the World Bank aimed at enhancing basic education. The focus is on improving learning outcomes and reducing the number of out-of-school children. As detailed in the Programme Information Document reviewed, this loan is part of the World Bank’s HOPE for Quality […]

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Lagos to introduce tax incentives for startups in innovation bill

The Lagos State Government has announced plans to offer tax incentives and other benefits to startups operating within the state, as part of its forthcoming Innovation Bill. This key legislative initiative aims to accelerate the growth of startups and enhance the ease of doing business in Lagos. This was disclosed by the Lagos State Commissioner […]

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ICYMI: Chevron discovers oil field with 17,000bdc capacity

Chevron Nigeria Limited has announced the discovery of a new oil field with an estimated production capacity of 17,000 barrels of oil per day. This finding occurs as international oil companies are increasingly shifting their investments from onshore to offshore operations, reflecting changing dynamics in the industry. According to a report by S&P Global Commodity […]

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Proposed reforms may end taxes for TETFUND, NITDA, NASENI

The federal government is proposing new tax reforms aimed at eliminating levies for the Tertiary Education Trust Fund, the National Information Technology Development Agency, and the National Agency for Science and Engineering Infrastructure. Currently, the TETFUND levy stands at three per cent of profits for all companies, excluding small businesses with turnovers of less than […]

MTN Nigeria plans public offer to sell 11% stake
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MTN Nigeria switches to eco-friendly paper-based SIM cards

MTN Nigeria announced on Friday the launch of paper-based biodegradable eco-friendly SIM cards, aligning with its Project Zero initiative aimed at reducing greenhouse gas emissions and achieving net-zero emissions by 2040. The company stated that these biodegradable SIM cards are environmentally safer, supporting product lifecycle management in a way that promotes circularity and reduces waste, […]

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