Electricity Customers in Nigeria Hit 11.27 million

By Adedapo Adesanya  The Vice President,  Mr Kashim Shettima,  has said the private sector forms an integral half of the crucial foundation that holds the Nigerian government, noting that President Bola Tinubu is committed to creating an environment that fosters entrepreneurship and innovation. This, according to him, explains why the president’s vision for Nigeria is grounded in eight priority areas, including poverty eradication, economic growth, job creation, and equitable access to capital. The Vice President spoke on Thursday while commissioning some projects, including the Ijele 93.1 FM Radio Station, Phase Two of the Sir Emeka Offor Foundation (SEOF) Touch-a-Life Housing

By Adedapo Adesanya Global energy company, GE Vernova, has used a series of events during Compliance Week to emphasise the critical role of ethics and compliance in business growth and success. The week-long initiative, held across Nigeria with more than 100 attendees, involved employees, suppliers, legal experts, and customers, highlighting GE Vernova’s unwavering commitment to fostering a culture of integrity and transparency. Speaking on this, Mrs Ozim Ifeoma Ibeziako, Executive General Counsel for GE Vernova’s Gas Power business in Africa, said, “At GE Vernova, we believe that integrity is the cornerstone of any successful business. “Our Compliance Week is an

By Dipo Olowookere President Bola Tinubu has arrived at the National Assembly to present the 2024 Appropriation Bill to the federal lawmakers. The President got to the parliament at about a few minutes past 11 am on Wednesday, November 29, 2023, and was accompanied by the Vice President, Mr Kashim Shettima; his Chief of Staff, Mr Femi Gbajabiamila; the National Chairman of the ruling All Progressives Congress (APC), Mr Abdullahi Gandoje; and the Secretary to the Government of the Federation (SGF), Mr George Akume; among others. He is expected to present the 2024 budget of N27.5 trillion to a joint

By Bliss Okperan A helicopter operated by the Nigerian Air Force (NAF) on Friday crash-landed and exploded at the NAF Base, Port Harcourt, Rivers State. The NAF Director of Public Relations and Information, Air Commodore Edward Gabkwet, confirmed the incident in a statement, noting that the NAF-35p had taken off on an operation against oil thieves in Rivers State before the unfortunate incident. He said five persons on board survived the air mishap with minor injuries. “A Nigerian Air Force (NAF) MI-35P helicopter crashed at Port Harcourt today, December 1, 2023. The unfortunate incident occurred at about 7.45 am shortly

By Adedapo Adesanya The Nigerian Bottling Company (NBC) has called on corporate organisations to join the Nigeria Business League for Youth, a coalition committed to deepening the youth development agenda in Nigeria. This call is coming ahead of the 2020 edition of the youth summit organised by the consumer-packaged-goods company, which aims to help the young at heart in Nigeria to take advantage of the new global economy. The event, which is expected to have dignitaries and stakeholders in attendance, will hold virtually in compliance with social distancing measures put in place to curb the spread of COVID-19. The Director,

By Adedapo Adesanya An escalating trade war between the world’s two largest economies is negatively impacting the outlook for U.S. crude shipments, energy analysts have warned, amid fears that China could soon dramatically reduce its intake of American oil. Oil prices have since pared some of their recent loss. International benchmark Brent blend traded at $59.75 on Monday (9PM Nigerian Time), up around 1.89 percent while U.S. West Texas Intermediate (WTI) Crude stood at $56. 13, recording a 2.41 percent increase. Trade tensions between Washington and Beijing prompted some external observers to warn the outlook for China-bound U.S. crude shipments

By Adedapo Adesanya The United States and the United Kingdom governments have pledged more support for the National Drug Law Enforcement Agency (NDLEA). The two nations, while expressing satisfaction with the anti-drug campaign of the new management of the organisation, promised to provide the necessary support to achieve the main goal. The Consul-General of the US Consulate in Lagos, Mrs Claire Pierangelo and the British Deputy High Commissioner in Nigeria, Mr Ben Llewellyn-Jones, during a visit on Tuesday, said to show their commitment, they have decided to donate a speedboat to the agency. While Mrs Pierangelo expressed satisfaction with the

By Dipo Olowookere Chieftain of the All Progressives Congress (APC), Asiwaju Bola Tinubu, has urged Nigerians to remain steadfast as the present administration leads the country into the Promised Land. Mr Tinubu, in his Sallah message to Nigerians, admitted that citizens of the country deserved a better Nigeria and economy, but expressed optimism that “we shall [soon] overcome” the present hardship. “During this Season of Eid-el-Kabir, I wish to felicitate with the Muslim brotherhood. We must give thanks to almighty Allah for keeping us alive to celebrate this Eid. “This spirit of sacrifice and unselfish giving that defines this celebration

By Modupe Gbadeyanka Customers of Domino’s Pizza who made an order for the medium classic pizzas would receive another for free, the company has assured. This is one of the ways Domino’s Pizza is rewarding its loyal customers in the spirit of love, especially in a love month like February, when Valentine is celebrated. The Domino’s Pizza Crustos’ one-week long Buy One Get One Free (BOGOF) promo is available for customers who order online via www.dominos.ng. They will receive two boxes of medium size pizza for a price of one, N3,400, and it is available for BBQ Beef, Chickenpie, BBQ

By Dipo Olowookere The Nigerian Exchange (NGX) Limited sank deeper into the domain of the bears by 0.27 per cent on Friday in the absence of positive news to trigger buying interest in local equities amid a rising appetite for risk-free investment tools. Only nine stocks appreciated in price during the final trading session of this week compared with the 18 shares that depreciated in value. The market was busy yesterday but it was mainly on the sell side, especially in the banking, industrial goods and energy sectors, which had their respective indices down by 2.74 per cent, 0.54 per

By Adedapo Adesanya The European Union (EU) has advised Nigeria to tighten security architecture at the seaports to help reduce its vulnerabilities and risks. The call was made at the closing ceremony of the Western and Central Africa Port Security (WeCAPS) first mission training in Nigeria for ports in Lagos. The mission, which started in August 2022, was sponsored by the EU and driven by Expertise France (EF) with the collaboration of the Nigerian Ports Authority (NPA) and the Nigerian Maritime Administration and Safety Agency (NIMASA). The team leader of WeCAPS, Mr Nico Vertogen, said strengthening the security and safety

By Adedapo Adesanya The Association of Nigerian Electricity Distributors (ANED) has lamented that Electricity Distribution Companies (DisCos) are losing over N30 billion of their monthly revenue due to cases of energy theft, meter bypass, vandalism and unpaid electricity bills by consumers. ANED in a statement by its Executive Director, Research and Advocacy, Mr Sunday Oduntan, on Thursday, explained that over 40 percent of electricity consumers do not pay their electricity bills while indulging in illegal connection of electricity. It was disclosed that DisCos had at the recent public hearing in Abuja by the Senate Committee on Power, said these challenges