Ledger Wallet 2023 | Expert Review & Comparison With Other Companies

By Adedapo Adesanya A hybrid solar power solutions provider, Daystar Power, has signed an agreement with Nigerian Breweries to install and operate a 4.2MWp solar plant and 2MWh battery storage system that will help the firm reduce its high energy costs. The installation will be one of the largest solar and battery storage projects for an industrial manufacturer in Nigeria. The hybrid solar solution will generate 5,249 MWh of electricity – 42 per cent of its daytime power consumption – every year at Nigerian Breweries’ Lagos brewery. According to a statement, the integration of solar into the factory’s energy mix

By Adedapo Adesanya The prices of oil benchmarks jumped by 2 per cent on Tuesday on the fresh possibility that the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) will extend or deepen supply cuts. Data showed that Brent crude futures gained $1.70 or 2.1 per cent to close at $81.68 a barrel and the US West Texas Intermediate (WTI) crude increased by $1.55 or 2.1 per cent to $76.41 per barrel after a drop in Kazakh oil output and a weaker US Dollar. OPEC+ is due to hold an online ministerial meeting on Thursday to discuss 2024

By Dipo Olowookere The Nigerian Exchange (NGX) Limited retreated by 0.44 per cent on Tuesday due to selling pressure on some bellwether equities during the session. Shares of Dangote Cement, GTCO, Zenith Bank, Access Holdings, Oando, Lafarge Africa and others experienced a pullback yesterday as a result of profit-taking activities by traders. As a result, the All-Share Index (ASI) receded by 312.76 points to 71,041.05 points from 71,353.81 points and the market capitalisation moderated by N165 billion to N38.875 trillion from N39.040 trillion. The level of activity at the market waned on the second trading session of the week, as

By Adedapo Adesanya The House of Representatives has pledged to stop international oil companies (IOCs) operating in the Niger Delta from divestment of their offshore assets without being accountable to the environment. The Chairman of the House of Reps Committee on Host Communities, Mr Dumnamene Dekor, said this during a technical session on the implementation of the Host Communities Development Trusts (HCDT), organised by Spaces for Change (S4C) with support from Ford Foundation. Mr Dekor raised the alarm that since the passage of the Petroleum Industry Act in 2021, host communities have not experienced any positive change, rather have remained

By Modupe Gbadeyanka In recognition of its innovative efforts in stretching the boundaries of big data and location-based analytics, front-running IT solutions and services provider ITWORX, has been named the 2017 ESRI Partner of the Year for Big Data & Analytics. ITWORX garnered the prestigious award at this year’s Esri Partner Conference, held recently in California-USA, crowning the Company’s successful implementation of its ‘InSite Suite’ a location-based behavioral analytics solution, in collaboration with Esri, for the Telco sector. “By bringing the power of Big Data to ESRI’s geo-spatial platform, ITWORX ‘InSite Suite’ significantly improves the way Telco Operators draw insights

By Dipo Olowookere The disbursement of $94.2 million has been approved for Ghana by the Executive Board of the International Monetary Fund (IMF). This followed the completion of the fourth review of the arrangement under the Extended Credit Facility (ECF), bringing total disbursements under the arrangement to $565.2 million, with the remainder being tied to the remaining reviews. The Board also approved Ghana’s request for waivers of non-observance of performance criteria, and modification of one performance criterion; and the extension of the arrangement by one year. Ghana’s three-year arrangement for $918 million or 180 percent of quota at the time

By Modupe Gbadeyanka The board of RT Briscoe (Nigeria) Plc has announced the appointments of Mr Olorunfemi Eguaikhide and Mr Jubril Adetokunbo Shittu as Chief Operating Officer (COO) and Acting Chief Financial Officer (CFO) respectively. A statement issued by the firm disclosed that Mr Eguaikhide is an alumnus of the prestigious Lagos Business School of the Pan Atlantic University having attended the Advanced Management Program (AMP) in 2016. He is a graduate in Microbiology from the University of Benin Teaching Hospital and holds a Post graduate Diploma in Business Administration and an MBA in Marketing Management from the Enugu State

Nestlé, Unilever, The Coca Cola Company and Diageo announced plans to improve the collection and recycling of plastics across Africa by launching the Africa Plastics Recycling Alliance. In their statement, these Fast-Moving Consumer Goods (FMCGs) companies once again bet on recycling as a solution to the global plastics crisis on the continent. In response to this, Plastics Project Lead at Greenpeace Africa, Renée Olende, stated that, “We know that we cannot recycle our way out of the plastic pollution crisis yet multinational corporations like Unilever and Nestlé continue to invest time and effort into end-of-pipe solutions. “Single-use plastics are an

By Dipo Olowookere The story of the arrested billionaire kidnapper, Mr Chikwudubem Onwuamadike, fondly called Evans last Saturday by police in Lagos is one that is refusing to fade easily. Each day, a new twist is brought to the fore about the suspected kidnapper, who brought sorrow and tears to his victims and their families. However, he and his family are finding it hard to withstand the heat some families went through while Evans ruled the game. Wife of the man, Mrs Uchenna Precious Onwuamadike, has begged Nigerians to have mercy on her husband, who she described as a good

By Modupe Gbadeyanka The 2017 edition of the 9mobile Photography Competition is coasting to the climax with the announcement of the three finalists and the Voters’ Choice winner. The 9mobile photo contest is a talent development initiative by the Nigeria’s most innovative and youth-friendly telecommunication company. The competition serves as a platform to discover, reward and empower budding photographers to fulfil their passion and capture compelling images that celebrate the Nigerian heritage. Prizes will be awarded to the winner, runners-up and Voter’s Choice winner during the winner announcement scheduled to take place in Lagos on Friday, November 3, 2017. The

By Dipo Olowookere Transactions on the floor of the Nigerian Stock Exchange (NSE) remained bearish on Thursday following persisted selling pressure. Also, the level of activities remain weak yesterday as some investors remain on the sidelines, waiting to get things running fully from next week. At the close of the trading session, the stock market was down by 0.96 percent with a year-to-date loss of 2.10 percent. In addition, the volume of trades went down by 21.09 percent, while the value of transactions reduced by 27.79 percent. Business Post reports that a total of 169.2 million shares worth N1.1 billion

By Dipo Olowookere Marriot International has expressed its intention to target over 200 hotels with 37,000 rooms open or in the pipeline by 2022, equating to around $8.5 billion of capital investment by its real estate partners, reinforcing its continued commitment to expansion in Africa and solidifying its leadership on the continent. From the Africa Hotel Investment Forum (AHIF) in Kigali, Rwanda, Marriott International has announced further expansion plans in Africa with seven new hotel signings. Marriott International was the first global chain to make a significant investment in Africa with the acquisition of Protea Hotels for $210 million in