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Saudi Arabia doubts oil recovery, keeps taps tight
This week’s surprise decision by Saudi Arabia and other top oil producers to broadly stick with output cuts despite rising crude prices was influenced by events in an unexpected place - Italy.
NERC orders DisCos to replace obsolete meters
The Nigerian Electricity Regulatory Commission (NERC) has mandated the electricity Distribution Companies (DisCos) to replace faulty and obsolete meters for their customers.
Experts: Collaboration necessary to deliver digital payment services
Financial experts who participated at the Nigeria Finance virtual forum, which held on Tuesday, have stressed the need for collaboration between fintech developers, the banks and the financial institution regulator, in order for Nigeria to develop and provide affordable digital payment solutions to customers.
Air Peace resumes Accra flights March 15, set for Ilorin services
The spokesperson of the airline, Stanley Olisa, who disclosed this, stated that the Lagos-Accra flight will depart daily at 07:00hrs while the Accra-Lagos flight will depart at 07:40hrs.
PHED introduces new electricity billing system in four states
The Port Harcourt Electricity Distribution Company (PHED) says it has introduced a new electronic billing system to make payment of electricity bills easy for customers in four states in its franchise area.
Seplat releases full year audited result, to pay dividends
Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange (NSE) and the London Stock Exchange (LSE), has announced its audited results for 2020, recording a revenue of $530.5 million.
EEDC: South-East customers not paying electricity bills
The Enugu Electricity Distribution Company has decried poor payment culture by its post-paid customers in the South-East despite the steady electricity supply improvement.
Nigerian government begins eviction enforcement on shanties, businesses encroaching on project
The Federal Government on Sunday began the evacuation of shanties, illegal structures encroaching on its Right of Way (RoW) following the expiration of the ultimatum issued by the Minister of Works and Housing, Mr Babatunde Fashola.
Ikeja Electric schedules all customers for metering under national mass metering programme
Ikeja Electric (IE) Plc says all unmetered customers under its business unit, have now been scheduled for metering under the National Mass Metering Programme (NMMP).
NERC: Over 600,000 electricity meters deployed under MAP since 2019
The Nigeria Electricity Regulatory Commission, NERC, says a total of 611,231 meters were deployed across the country as of January 31 under the Meter Assets Provider (MAP) initiative of the federal government.
VP Osinbajo advocates regulation of cryptocurrency
The Vice President Yemi Osinbajo has said that the country needs to regulate cryptocurrency, instead of the prohibition put in place by the Central Bank of Nigeria (CBN).
Nigerian traders threaten to shut markets over insecurity
Following the increasing level of insecurity compounded by the recent clash between the Hausa and Yoruba traders in Shasha market in Akinyele Local Government Area of Oyo State, the traders have threatened to close their shops against their customers.
Hyundai recalls Kona EVs over battery fire risk
Hyundai is finally recalling some 76,000 Kona EVs built between 2018 and 2020 after more than a dozen reported fires related to the electric SUV’s battery pack. It’s the second recall of the Kona EV, but the first global recall, and it will cost Hyundai around $900 million to perform.
Kano DisCo urges customers to report prepaid meter bypass, get compensated
In a statement on Wednesday, Ibrahim Shawai, KEDCO’s head of corporate communications, said the information will be treated with confidentiality and the whistleblower will get five percent of what the defaulters are charged.
NERC: 4.2m electricity consumers metered as at Q2 2020
The Nigerian Electricity Regulatory Commission (NERC) says 4,234,759 electricity consumers were metered as of June 2020, out of the 10,516,090 that registered for meters.
NDLEA intercepts container containing two million capsules of Tramadol in Apapa port
The National Drug Law Enforcement Agency (NDLEA) has announced the interception of a container load of Tramadol at the Apapa seaport in Lagos, just as 90 persons including an Indian were caught in its dragnet during raids of some drug cartels in parts of Lagos where a total of 614.396 kilograms of various hard drugs were reportedly seized.
Senator Nwaka: Made-in-Aba products now in West African markets
Senator Emma Nwaka, a one-time chairman of the Peoples Democratic Party (PDP) in the state stated this in a chart with newsmen in Umuahia, the capital, describing the development as very encouraging.
Nigerian government set to roll out digital switch over in 31 states
With N9.4 billion paid to stakeholders, including service providers, approval by the Federal Executive Council (FEC), and with 31 states to cover, the Minister of Information and Culture, Alhaji Lai Mohammed, has said the federal government has no more excuses for not rapidly rolling out the Digital Switch Over (DSO).
Police rescue abducted monarch in Calabar
The Cross River State Police Command has rescued an 81-year-old Monarch who was whisked away from his house at Ambo by Idang in the Calabar South Local government area late Monday night.
Petitioner slumps while narrating ordeal in SARS custody
A petitioner, Timothy Ogbeye, on Monday slumped while narrating his ordeal before the National Human Rights Commission (NHRC) panel.
NDPHC to export 70MW of electricity to Togo
The management of the Niger Delta Power Holding Company, NDPHC, has disclosed that the company has entered a bilateral agreement with the Republic of Togo to supply the country with 70 Megawatt, MW, of electricity under the Power Purchase Agreement, PPA.
Nigerian Breweries declares N337 billion revenue for 2020
The revenue represented an increase of 4.3 per cent compared with N323 billion recorded in the corresponding period of 2019.
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Governors reach decisions on coronavirus vaccine roll-out
The Nigerian Governors’ Forum (NGF) has asked the federal government to take the necessary steps to support logistics and inoculation activities in states to ensure a smooth vaccine roll-out exercise across the country.
Food blockade: AFAN blames institutional failure, inequity
The All Farmers Association of Nigeria, AFAN, Friday, blamed institutional failure for the blockade of foodstuff supply and transportation to Southern Nigeria as the Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria, AUFCDN, embarked on the protest over factors militating against their business.
AfDB provides $400,000 grant for SEC
African Development Bank Group (AfDB) on Friday signed a $400,000 grant agreement with the Securities and Exchange Commission (SEC) to strengthen securities market regulation and broaden market instruments.
Victor Osimhen returns to training ahead of Bologna clash
The 22-year-old suffered head trauma after landing awkwardly on the turf following a collision with Cristian Romero in his side’s defeat to Atalanta on February 21.
Policeman arrested for stealing AK-47 rifles in Abịa
A police man, Shedrack Aleke Igwe, working in armoury section of MOPOL base 28, Umuahia, Abia state has been arrested with 5 AK-47 rifles he stole from the armoury.
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NAFDAC busts alleged illegal maize flour production facility in Yobe
The National Agency for Food and Drug Administration and Control (NAFDAC) says it has busted an alleged illegal maize flour production outfit in Potiskum town of Yobe.
ECOWAS Court orders Nigeria to pay German N63.6 million, $10,000 for ‘illegal detention’
The ECOWAS Court of Justice has ordered Nigerian government to pay a German national about N63.6million and $10,000 for his about 11 days of illegal detention by the Nigerian Immigration Service (NIS) last year.
Presidency: There’s a strong suspicion that choppers ferry arms for bandits
Malam Garba Shehu, Senior Special Assistant to The President on Media and Publicity, says there is a strong suspicion that choppers are being used to ferry arms for bandits.
Zamfara: Nigerian soldier arrested supplying ammunition, uniforms to bandits
The Zamfara State Government on Friday said a Nigerian soldier and his girlfriend were recently caught supplying ammunitions and military uniforms to armed bandits in the state.
West African health ministers in joint fight against Ebola
Ministers of Health from Guinea – which is combating a new Ebola outbreak – and neighbouring countries have agreed on a unified front to combat the virus that re-emerged about three weeks ago.