General
DisCos Get N14.4bn Loan for 263,860 Prepaid Meters
By Adedapo Adesanya
The federal government said it has distributed the sum of N14.35 billion to electricity distribution firms for the procurement of prepaid meters under the National Mass Metering Programme (NMMP).
The money was disbursed to the energy companies through the Central Bank of Nigeria (CBN) as loan for the purchase of 263,860 meters as part of the efforts of the administration of President Muhammadu Buhari to increase metering capacity.
According to a statement, the facility βis a loan that must be repaid by the DisCos on the basis of the previously agreed amortisation schedule. The repayment is to be deducted from payments made by consumers into the DisCos accounts with Deposit Money Banks (DMBs).β
The maximum tenor for the loan is 10 years but not exceeding 2030, while the moratorium on the principal amount is for a period not exceeding 24 months from the date of loan disbursement.
In November 2020, it was reported by the FG intended to make immediate funding available for DisCos to roll out one million in the first phase of the mass metering programme.
Following the announcement, NERC released a list of the metering schedule for the first phase with Ikeja Electric getting meter allocation of 106,701 units (10.7 per cent).
Others were Ibadan Electricity Distribution Company (IBEDC) with 103,997 units (10.4 per cent), Abuja Electricity Distribution Company (AEDC) with 101,186 units (10.1 per cent), while the Port Harcourt Electricity Distribution Company (PHEDC) got 77,070 units (7.7 per cent).
The federal government launched the NMMP and the CBN in October 2020 issued the framework for financing of the scheme. The structure seeks to, amongst others, increase the country’s metering rate and eliminate arbitrary estimated billing.
Under the policy, the apex bank will provide financing support to the DisCos for the procurement of meters for customers and the local meter manufacturers.
The DisCo can neither use the facility to procure fully assembled meters imported by a MAP nor can it use the facility to import metering infrastructure that currently produced in Nigeria.
With respect to the facility granted to local meter manufacturers, such local manufacturer cannot use the CBN facility to finance the importation of fully assembled meters.
This implies that the local manufacturer can use the facility to import Completely/ SemiKnocked Down (CKDs/SKDs) components for assembling in Nigeria.
General
Court Acquits Abba Kyari of 23-Count Asset Declaration Charge
By Adedapo Adesanya
Justice James Omotosho of the Federal High Court in Abuja has discharged and acquitted the suspended Deputy Commissioner of Police Abba Kyari of a 23-count charge of alleged non-declaration of assets filed against him by the National Drug Law Enforcement Agency (NDLEA).
Mr Kyari is being charged alongside his two brothers, who were accused of swearing to false affidavits to conceal the origin of some properties.
The court in its judgment held that the NDLEA failed to provide sufficient evidence to prove its case against the defendants, which is mostly the non-declaration of land properties.
Justice Omotosho noted that proving ownership of landed properties can be done through traditional history, title, acts of possession and possession by connection.
The prosecution did not provide any of these documents to show that the said properties located in Fountain Estate, Kasana, which belong to Ramatu Kyari, are truly owned by the police officer.
Also, the court held that the prosecution did not provide the same material evidence linking Mr Kyari to properties in Linda Choko Road, Asokoro and also Maiduguri in Borno State.
Mr Kyari, in his defense said the properties in Borno belonged to his father, which he left for him and his siblings.
It was judged that the prosecution did not prove otherwise, adding that the prosecution charged Mr Kyariβs brothers in bad faith for alleged conspiracy, which they failed to prove.
General
NCC Arraigns Netnaijaβs Emma Analike Over Alleged Copyright Infringement
By Modupe Gbadeyanka
The chief executive of Netnaija Media Enterprises, Mr Emmanuel Analike, has been arraigned before a Federal High Court sitting in Abuja by the Nigerian Copyright Commission (NCC).
The suspect appeared before Justice Suleiman Liman on Wednesday over allegations bordering on copyright infringement.
He was accused by the NCC of using his online platform to make movies and others not belonging to him available for users to download on the internet.
According to the agency, Mr Analike has infringed copies of audio-visual materials distributed online via his website for online users. Netnaija is an online movie and music download site.
The prosecution counsel, Ms Gladys Isaac-Ojo, who works with the NCC, told the court that the defendant committed an offence contrary to and punishable under Section 44 (1) (a) of the Copyright Act, 2022.
However, Mr Analike pleaded not guilty to the charges preferred against him, prompting his counsel, Nnemeka Ejiofor, seek his bail.
The lawyer informed the court that the application was filed on Monday and supported by 23 paragraphs of affidavits and a written address.
But the judge refused to give a bench ruling and adjourned the ruling of the bail application to Monday, March 9, 2026, ordering the remand of the Netnaija chief in Kuje Correctional Centre.
General
Entries Open for ClimateLaunchpad Green Business Ideas Competition
By Modupe Gbadeyanka
Entries for the 2026 edition of the worldβs largest green business ideas competition, ClimateLaunchpad, have opened.
In 2025, the programme, organised by Climate KIC, received over 2,700 applications from 40 countries. The winning ventures gain prize money, investor connections, and access to a global cleantech network.
This yearβs edition is expected to be bigger and better, with climate innovators, green venture builders, and entrepreneurs from around the world given the opportunity to apply.
Since its inception in 2014, the programme has supported nearly 5,000 ideas across 97 countries, and this year, it is expanding its presence in Asia with Singapore hosting both the regional final and global grand final for the first time.
Participants move through several stages, including an initial mini-course to refine the concept, an intensive multi-day Boot Camp led by expert trainers, targeted coaching to perfect value propositions and investor pitches, national and regional finals, and a place at the global grand final, with prizes and access to a global climate network.
βStrengthening ClimateLaunchpad’s presence in Asia marks a profound new chapter for this programme and for the climate innovation movement more broadly. Asia is where so much of the world’s climate and nature future will be shaped, through business leadership, public-private partnerships and long-term strategic thinking,β the chief executive of Climate KIC, Kirsten Dunlop, stated.
βWe look forward to supporting this momentum with new business ideas and innovation ecosystem collaborations across more than a dozen countries.
βThis expansion opens space for deeper cross-cultural connections and for first-time founders to turn sparks of imagination into solutions that serve both people and planet,β Dunlop added.
Also commenting, the chief executive of Better Earth Ventures, Ms Rebecca Sharpe, said, βWe are proud to host ClimateLaunchpad’s regional and global grand final in Singapore and to convene an international group of climate entrepreneurs from more than 50 countries.
βClimate solutions are emerging from every corner of the world, and bringing them together creates the kind of cross-border exchange and collaboration this moment demands. Our focus is to ensure early-stage founders have the structure, ecosystem access and support needed to move from idea to credible impact.β
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than PetrolβIPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn











