Power Outage Alert: TCN Announces Maintenance on Shiroro-Gwagwalada Transmission Line
By William Emmanuel UkpojuThe Transmission Company of Nigeria (TCN) has announced a scheduled maintenance operation that will temporarily disrupt electricity supply in several areas. The maintenance is set to occur today,!-->!-->!-->!-->!-->…
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Trade Made Easy: Tinubu Introduces National Single Window for Seamless Commerce
By William Emmanuel UkpojuIn a significant development for Nigeria's economic future, President Bola Tinubu has launched the National Single Window initiative, signalling a major shift in the country's trade dynamics. According to!-->!-->!-->!-->!-->…
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Nigeria Redirects Trillion Naira from Subsidies to Surge Power Infrastructure
By William Emmanuel UkpojuIn a significant policy shift, the Nigerian government has announced plans to redirect over N1 trillion saved from the withdrawal of electricity subsidies towards enhancing the country’s power supply and!-->!-->!-->!-->!-->…
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Tinubu’s Assurance: ‘Nigeria to Witness Economic Glory by End of 2024’
By William Emmanuel Ukpoju
At a recent gathering of Nigeria’s political leaders in Lagos, President Bola Tinubu delivered a message of economic optimism, forecasting a robust turnaround for the nation’s economy by December 2024.!-->!-->!-->!-->!-->!-->!-->…
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Power Disruptions: BEDC Takes Ownership, Clarifies Actual Causes
By William Emmanuel UkpojuIn a recent turn of events, the Benin Electricity Distribution Company (BEDC) has come forward to address the confusion surrounding its inability to provide consistent power supply to its Band A customers.!-->!-->!-->!-->!-->…
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Naira Over Dollar: EFCC Re-enforces Nigeria’s Currency Laws, Cracksdown on Dollarization
By William Emmanuel Ukpoju
In a recent development, the Economic and Financial Crimes Commission (EFCC) has declared a crackdown on establishments within Nigeria that demand payment in dollars for services rendered.EFCC’s!-->!-->!-->!-->!-->!-->!-->…
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CBN Cracks Down on Foreign Currency Collateral for Loans
By William Emmanuel UkpojuIn a decisive move to reinforce the stability of Nigeria’s financial system, the Central Bank of Nigeria (CBN) has issued a new directive that restricts the use of foreign currency as collateral for naira!-->!-->!-->!-->!-->…
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Africa Data Centres Partner DPA For Solar Farm Foundation
By Patience Chat Moses
Africa Data Centres, in partnership with Distributed Power Africa (DPA) in South Africa (SA) has commenced the construction of a solar farm in the Free State.This was revealed in a press statement issued!-->!-->!-->!-->!-->!-->!-->…
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Nigeria’s Railway Revenue Hits New Heights in 2023 – NBS Report
By William Emmanuel Ukpoju
In a remarkable financial upswing, Nigeria’s railway transport system has reported a revenue generation of N6.07 billion in 2023, an 8.5% increase from the N5.5 billion recorded in 2022.The National!-->!-->!-->!-->!-->!-->!-->…
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First Bank’s Holding Company Targets N300bn Strategic Capital Raise
By William Emmanuel UkpojuFBN Holdings, the parent company of First Bank — one of Nigeria’s premier banks — is gearing up for a significant capital infusion as the group has announced plans to propose a capital raise of up to N300!-->!-->!-->!-->!-->…
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