NERC imposes N1.69bn fine on AEDC for overbilling customers
The Nigerian Electricity Regulatory Commission has imposed a fine of N1.69 billion on the Abuja Electricity Distribution Company for overbilling its customers…
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Govt policies stall $1.2bn subsea gas pipeline project — Dangote
The Vice President of Dangote Industries Limited, Mr. Devakumar Edwin, has revealed that government policies was responsible for the company’s decision to…
OpenAI launches ‘strawberry’ AI models to tackle complex prompts
OpenAI, backed by Microsoft, unveiled its latest “Strawberry” series of AI models, designed to spend more time processing answers to handle more…
Bank of Industry gives N3bn to support Katsina businesses
The Bank of Industry has donated N3 billion to Katsina State to support local businesses. The Katsina State Government announced the donation…
FG provides free CNG conversion at six Lagos locations
The Federal Government’s Presidential Compressed Natural Gas Initiative will allow Lagos residents to convert their vehicles to CNG for free on Friday,…
Electricity trading company seeks five-year licence renewal
Nigerian Bulk Electricity Trading Plc has formally requested the renewal of its operating licence from the Nigerian Electricity Regulatory Commission, emphasizing its…
Economic Assembly seeks G20 fund development for low-Income nations
The Economic Development Assembly is urging G20 nations to support the World Bank’s IDA21 to address development challenges in low-income countries. This…
FG, UK sign agreements for N589bn investment in key sectors
The Federal Government of Nigeria and the United Kingdom have finalized eight partnership agreements that will inject N589 billion (£272.6 million) into…
CBN orders payment service providers to implement PoS transaction tracking
The Central Bank of Nigeria has mandated that all Point of Sale transactions from merchant and agent locations be routed through an…
Fire destroys millions in property at Kogi GSM village
A devastating fire broke out early Thursday morning at the GSM village near Kpata Market in Lokoja, Kogi State, destroying properties valued…
FG unveils strategic roadmap to generate $100m in creative sector
The Federal Government has revealed an ambitious plan to generate at least $100 billion annually and create over two million jobs through…
Local marketers boycott forced Dangote to export refined products – Refinery
The Vice President of Dangote Industries Limited, Devakumar V.G. Edwin has voiced frustration over the boycott of Dangote Refinery’s products by local…