The recent increase in the price of fuel has led to a rise in the cost of food items, causing hardship for Nigerians. This was the response of some sellers and consumers of food items in the Federal Capital Territory (FCT) who spoke to the News Agency of Nigeria on Wednesday in Abuja. NAN reports…
Chairman, Nigerian Insurance Association (NIA), Mr Kunle Ahmed, ha said the recent rise in Foreign Direct Investment (FDI) in Nigeria indicates renewed interest in the nation’s insurance sector. Ahmed, who emerged as the 26th Chairman of the NIA, said this at his re-investiture media parley in Lagos. The News Agency of Nigeria (NAN) reports that…
The National Bureau of Statistics (NBS) said Nigerians spend an average N10,239.7 monthly on buying home cooking fuel, liquefied petroleum gas (LPG). Its report entitled: “Nigeria Residential Energy Demand-Side Survey (NREDSS), 2024, launched in Abuja by the Statistician-General of the Federation Adeyemi Adeniran, also said 19.4 per cent of households reported using LPG during the…
Chairman of Heirs Holdings Group, Tony Elumelu, has identified finance and energy pillars that are crucial to Nigeria’s lasting prosperity. Speaking during the third Anniversary of Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja, he lauded the transformative and bold initiative of NPRC’s Project 1 million barrel of oil (mbopd) initiative, and its impact on…
The Federal Competition and Consumer Protection Commission (FCCPC) has assured Nigerian consumers that their rights will be safeguarded during the upcoming phase-out of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos). The transition, scheduled to take effect on November 14, 2024, has raised concerns about replacement costs and the potential…
Minister of Power, Chief Adebayo Adelabu has summoned the leadership of the Nigeria Electricity Regulatory Commission (NERC) and the Transmission company of Nigeria (TCN) to an emergency meeting over persistent collapse of the national grid. Aelabu expressed displeasure at the incident, which he said, was capable of rubbishing the giant strides made in the last…
Africa’s payment solutions provider, SeerBit, has sealed a strategic partnership deal with Sabre, a global leader in software and technology solutions powering the travel industry, to ensure seamless payment. This collaboration will provide Sabre’s clients with access to SeerBit’s powerful payment infrastructure, delivering seamless, secure, and efficient payment processing for transactions and other value-added services…
EMERGING technology trends in the digital space will enable emerging markets, especially in Africa, to bypass the old systems and adopt digital infrastructure at a speed faster than that of well-established markets, CEO of Trium Limited, Adebayo Adewolu, has said. Adewolu spoke while giving key insights at the 2024 International Capital Markets Association (ICMA) FinTech…
A fintech company, Pipe has partnered GoCardless to redefine capital access for United Kingdom (UK) businesses. While Pipe partners with software platforms to deliver embedded financial solutions for small and medium enterprises (SMEs), GoCardless is a bank payment company. Under the partnership, Pipe’s customer-friendly capital offering will be accessible via the GoCardless platform, providing simple…
