Telecom operators Nigeria have raised the alarm over the review of annual payment structure under the Financial Reporting Council Amendment Act 2023 (FRC Act), warning that its implementation will hurt telecom operators. Acting under the aegis of Association of licensed Telecom Companies of Nigeria (ALTON), the group warned that “the new structure would pose significant…
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has presented Gas Distribution Licenses to 10 companies. Speaking at the Gas Distribution Licence (GDL) Award ceremony in Abuja, the Authority Chief Executive, Farouk Ahmed recalled that the organization received 30 application for licenses from which it approved 10. He said the licences cover about 1.5billion…
International lenders and partners this week committed another $8 billion in financing to a $48-billion project by the World Bank and African Development Bank (AfDB) to connect a total of 300 million people in Nigeria and the other African countries to electricity by 2030. AfDB Group and the World Bank Group plan to allocate $48…
Nigeria is taking bold steps to revive its faltering power sector, aiming to attract $15 billion in private investments while keeping its most vulnerable citizens in mind. At a World Bank energy summit in Tanzania, the government outlined a plan that combines higher electricity tariffs with fresh subsidies to ease the burden on households. Under…
By Sola Odumosu History was made on the evening of Monday, January 27, in Lagos at the colourful Thisday Awards ceremony when serial digital entrepreneur, Leo Stan Ekeh, shared the same podium with his son, Prince Nnamdi Ekeh, as winners in different categories of the much-coveted awards. The awards commemorated the 30th and 12th anniversaries of Thisday…
Airtel Nigeria, as part its ongoing commitment to delivering a seamless and exceptional retail experience for its customers has launched its new Company-Owned-Company-Operated (COCO) retail store in Sangotedo, Lagos. The new retail store aligns with Airtel’s dedication to providing topnotch experience for its customers, offering end-to-end customer support, instant activation of new SIM cards, bill…
For decades, Nigeria’s power sector has been on shaky ground — struggling with unreliable electricity supply, aging infrastructure, and an overdependence on fossil fuels. Grid collapse has become a recurrent experience, forcing households and businesses to rely on expensive and polluting generators. Amid these challenges, past and present governments always paint a hopeful picture of…
Nigeria Extractive Industries Transparency Initiative (NEITI) has said it is working in collaboration with the Economic and Financial Crimes Commission (EFCC) to recover about $6 billion and another N66 billion owed the Federal Government by industry stakeholders in the oil sector. Executive Secretary of NEITI, Orji Ogbonnaya Orji, who disclosed this while defending the 2025…
Africa’s digital financial services provider, Moniepoint Inc, has rolled out a transformative initiative, DreamDevs with its call for entries. This program seeks to nurture the continent’s brightest minds, equipping them with practical tech skills and invaluable real-world experience that will mitigate current challenges around tech talent sourcing in Africa. DreamDevs targets very recent graduates with…
