An indigenous solar energy company, LPV Technologies, has called for a radical shift in government policy with a call for a zero-import approach to solar panels, arguing that only through local manufacturing can Nigeria truly secure its renewable energy future. Speaking at a press briefing at its newly inaugurated facility in Lagos at the weekend,…
Open Access Data Centres (OADC), a subsidiary of WIOCC Group, said it has earmarked additional $240 million investments to expand its data centre in Lagos. The company said with the investment, it will upgrade the data centre situated in Lekki, and serve as the landing station for Google’s Equiano subsea cable in Nigeria, to 24…
A real estate company, Pennek Nigeria, has called for a single regulatory body to streamline processes and reduce costs for developers as a way of addressing the current housing deficits in the country. Its Group CEO, Kennedy Nnadi, in a statement in Lagos, stressed the need for increased public sector support for real estate developers,…
Schneider Electric has partnered Eko Atlantic City on smart, energy-efficient solutions in a sustainable way to transform urban areas. This strategic partnership aligns with United Nations SDG 11 of Building Sustainable Cities and Communities by ensuring Arica’s fastest-growing megacity is equipped with a reliable and resilient power infrastructure, setting new standards for smart and sustainable…
The recent completion of the acquisition of Shell Petroleum Development Company’s (SPDC) asset in Nigeria by the Renaissance Africa Energy Company, a consortium of ND Western, Aradel Holdings Plc, First Exploration and Petroleum Development Company Limited, Waltersmith Group and an international energy company, Petrolin Group, has been described as a “historic and the beginning of…
In spite of challenges, global telecoms industry revenue rose 4.3 per cent in 2023 to hit $1.1 trillion by 2028– even as Fifth Generation (5G) subscriptions are projected to quadruple by that year. PwC, in its ‘Global Telecoms Outlook’, said global telecoms revenue is projected to rise at a Compound Annual Growth rate (CAGR) of…
Mobile telecom operator, 9mobile, has unveiled Echoes, its artificial intelligence (AI)-driven storytelling platform that seamlessly blends AI with compelling narratives. This initiative is designed to forge deeper connections with audiences, enhance brand affinity, boost engagement, and ignite conversations about Nigeria’s rich heritage and culture. Echoes by 9mobile was borne out of the brand’s commitment to…
Nigeria and Brazil have officially signed the commercial phase of the $1.1 billion Green Imperative Project (GIP), marking a significant step toward enhancing food security and agricultural productivity in Nigeria. This coming six years after its initial agreement. Speaking at the signing ceremony of the deal at the Presidential Villa, Abuja, Vice President Kashim Shettima,…
As a result of the fall in the cost of food, fuel and gas, the headline inflation eased from 24.48 per cent in January 2025 to 23.18 per cent in February this year. The National Bureau of Statistics (NBS) made this known yesterday in its document titled: Consumer Price Index (CPI) February 2025. It added…
