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N120bn Intervention: Deliver Stable Electricity, Consumers tell Discos

Power consumer groups have called for increased and stable electricity from distribution companies following the N120bn capital expenditure fund provided by the Central Bank of Nigeria for the improvement of distribution infrastructure. Officials of Electricity Consumers Association of Nigeria and the Nigeria Electricity Consumers Advocacy Network commended the Federal Government for the intervention through the […]

Capitalsage launches Capiflex, A Payment Solution Platform for Africa

To meet the increasing demand for seamless digital payments by individuals and businesses, CapitalSage Technology, a fin-tech start-up has launched CapiFlex, an integrated payment and business solution that meets the needs of all businesses regardless of size and scale. Capiflex aims to bridge the payment gap both for small-time entrepreneurs or large-scale corporations by providing […]

Bank directors want corporate governance improved in sector

The President, Bank Directors Association of Nigeria, Mrs Osaretin Demuren, has called on bank directors to enhance their corporate governance practices to ensure stability and accountability in the banking sector. She said this during BDAN’s 24th annual general meeting in Lagos on Wednesday. According to her, it is important to ensure that the appointment of […]

Nigeria Nears 5G Deployment as NCC, NigComSat Sign MoU

Nigeria inched towards the deployment of 5G communications technology on Wednesday as the Nigerian Communications Commission and Nigerian Communications Satellite Limited signed a Memorandum of Understanding for the use of C-Band spectrum on Nigerian communications satellite for 5G services. The C-Band spectrum is expected to play a critical role in helping the nation achieve enhanced […]

Crude Nears $70, Raises Fear of Federation Account Depletion

The international oil benchmark, Brent Crude, was less than 30 cents from hitting $70 amid market optimism on the United States and Europe reopening. The benchmark had gained $0.83, to trade at $69.71 as of 2:44 pm on Wednesday, Nigerian time, according to data from Oilprice.com. A rise in oil prices in the international market […]

ICT Missing in $8.4bn NIPC Q1 Investment Announcement

The ICT sector was conspicuously absent on investment announcement released on Monday by the Nigerian Investment Promotion Commission. From 33 per cent ($1.61bn) in Q1 2020, ICT contributed nothing to investment announcement in Q1 2021. This is despite an increase in total investment announcement in Q1 2021. Director Strategic Communications, Mr Emeka Offor, told our […]

US Multinational says Customers Can Pay With Crypto

Sotheby, an American multinational corporation that auctions fine art, has said it will start accepting cryptocurrency for its auctions. The company, one of the world’s largest auction houses, made this known on Tuesday. It said it would begin accepting Bitcoin and Ethereum via Coinbase. The CEO of Sotheby, Charles Stewart, made this known on CNBC. […]

ACCI Expresses Optimism Over Heightened Bilateral Trade, Investment between Nigerian-Tanzania

Sophia Okiasi The Abuja Chamber of Commerce and Industry (ACCI) has expressed optimism to a heightened bi-lateral trade and investment activities between Nigeria and Tanzania. President of the Chamber, Dr Almujtaba Abubakar stated this on Tuesday at the Tanzania-Nigerian Tourism, Investment and Trade (TN-TIT) Forum held in Abuja.He said that businesses in Nigeria and Tanzania […]

Maritime Industry needs $3.4 Trillion to Replace Existing Ships

The shipping industry will need to invest about $3.4 trillion in the next 30 years to replace the existing fleet in line with the sector’s decarbonization plans. An industry top analyst and Non-Executive President of Clarkson Research Services Limited, Mr. Martin Stopford, made the projection while giving a keynote address during Capital Link’s decarbonisation in […]

SON to Boost Manufacturing, Export with Accredited Laboratories

The Standards Organisation of Nigeria has announced plans to boost the nation’s manufacturing industry with its newly accredited laboratories. The SON said on Thursday that it was also targeting an increased level of export of locally made goods to the international market. The Director-General, SON, Mallam Farouk Salim, said this during the unveiling of the […]

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