NERC Shortens Authorised Meter Providers to 23

By Adedapo Adesanya President Bola Tinubu on Wednesday departed Abuja for Dubai, the United Arab Emirates, to attend the COP28 Climate Summit which takes place from December 1 —2, 2023, with the theme Unite, Act, and Deliver. According to the presidential spokesman, Mr Ajuri Ngelale, the President will be using the platform to advocate for funding as well as technical support to tackle the array of climate problems facing the country. He said Mr Tinubu was “mindful of the severe impact of climate change on Nigeria, such as desertification, flooding, erosion, drought, and national security risks arising therefrom, will maximise

By Adedapo Adesanya The Lagos State Government has signed two deals bordering on waste management at the ongoing 28th session of the Conference of Parties (COP28) in Dubai, United Arab Emirates. According to Governor Babajide Sanwo-Olu, waste conversion initiatives, which the state pitched at the global climate summit, have attracted significant interest from investors. These are the Advanced Garbage Collection and Waste-to-Energy project and the building of a new sewage treatment plant. Mr Sanwo-Olu confirmed the deals on Sunday at an event held at Nigeria Pavilion, where he also presented Phase Two of the Lagos State Climate Adaptation and Resilience

By Adedapo Adesanya  The International Finance Corporation (IFC) has announced a collaboration with Allied Climate Partners (ACP) that will help create a pipeline of viable climate investments in emerging markets including Southeast Asia, Africa, the Caribbean and Central America, and India. ACP’s new platform is backed by philanthropic capital and designed to mobilize investment in climate-related projects in emerging economies to create significant environmental, economic, and social impact. In a statement seen by Business Post, the parties said the collaboration with IFC will provide advisory and structuring support, technical assistance, and sustainability and impact-management support as needed to help bring

By Dipo Olowookere Inflation rate in Nigeria declined to 11.26 percent in the month of October 2018 after rising for two consecutive months; August and September. According to data released on Wednesday morning by the National Bureau of Statistics (NBS), the inflation dropped to 11.26 percent from 11.28 percent recorded in September 2018. Business Post reports that on month-on-month basis, the headline index increased by 0.74 percent in October 2018, down by 0.09 percent points from the rate recorded in September 2018 (0.83) percent. The percentage change in the average composite CPI for the twelve months period ending October 2018

By Modupe Gbadeyanka Not less than 50,800 owners of small and midsize businesses (SMBs) in 20 states across Nigeria have been trained by tech giant, Facebook, through the NG-Hub since it launched the programme in the country in 2018. Exactly a year, Facebook opened the doors of NG_Hub in Lagos, further cementing its ambitions to train users across Nigeria in digital skills. During the year, the social networking platform, as part of its ongoing commitment and investment in growing the start-up ecosystem, partnered with CcHub for the NG_Hub, a multi-faceted space which connects and bring together developers, start-up’s and the

By Modupe Gbadeyanka When it comes to global trade, Nigeria is not a force to reckon with as several products from the country are not recognised in the international market. This has been a source of worry for the government, which is making efforts to change the tide and ensure Nigeria earns foreign exchange from other sources apart from the sale of crude oil. Recently, a former Minister of Finance, Mrs Ngozi Okonjo-Iweala, was appointed as the director-general of the World Trade Organisation (WTO). She became the first female and African to occupy the position. Over the weekend, she arrived

By Modupe Gbadeyanka Three financial institutions have been appointed by the Central Bank of Nigeria (CBN) to collect fees under the Nigerian Export Supervision Scheme (NESS). In a statement signed by W.J. Kanya for the Director of Trade and Exchange Department of the central bank, it was disclosed that the trio of Coronation Merchant Bank Limited, Parallex Bank Limited and Lotus Bank have joined other lenders to collect the fees. “This is to notify all authorised dealers, service providers and the general public that the Minister of Finance, Budget and National Planning has approved the appointment of the underlisted additional

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange equity market overturned the previous day’s loss to move up by 0.88 per cent on Tuesday, August 4. The session also saw a rise in the volume of shares transacted by investors as a total of 109,694 units of securities were traded, 92.5 per cent higher than Monday’s 57,000 units. This happened as the market capitalisation rose by N4.53 billion or 0.88 per cent to close at N518.22 compared to N513.69 billion it depreciated to at the previous session. Likewise, the NASD Unlisted Securities Index (NSI) moved up to 705.48 points

By Modupe Gbadeyanka Stakeholders in the wheat value chain have identified one of the reasons for the shortage of production of the commodity in Nigeria. They said the inability of smallholder farmers to have access to high-yielding-seed varieties was making it difficult for producers to meet domestic demand for wheat in the country. If this problem persists, they warned that Nigeria may not achieve self-sufficiency and drastically reduce the importation of wheat by 60 per cent over the next two years as targeted by the Central Bank of Nigeria (CBN). There is a need for a concerted effort by the

The commercial aviation industry is a highly complex space, where a large number of entities are involved in the delivery of travel products and services, which is sometimes manifested in a single product from a customer perspective. These actors are often collaborating and partnering to be able to co-deliver value and meet the expectation of customers. According to International Air Transport Association (IATA) statistics, from the moment passengers search online for an air ticket to the time they arrive at their destination, the airline is just one of around 26 business partners involved in the aviation chain. Would you board