Monies paid by the Federal Government as electricity subsidies increased to N199.64 billion in December 2024, according to the Nigerian Electricity Regulatory Commission (NERC) data. According to the newly released report, ‘December 2024 Multi-Year Tariff Order,’ electricity subsidies rose by 2.76 per cent to N199.64 billion this month from N194.26 billion in November. NERC explained…
The trade volume between Nigeria and the United States (U.S) has reached $11.2billion, an improvement from the $10.04billion it was last years, U.S. Ambassador to Nigeria, Richard Mills Jr has said. The envoy spoke when he delivered welcome remarks to the attendees of a forum hosted for over 450 Nigerian companies for the Networking with…
President Bola Tinubu’s economic reforms, if sustained, have the potential to pull through critical deliverables for the economy to return to a growth path, the Lagos Chamber of Commerce and Industry (LCCI) has said. The group added that the country would witness more impact of the reforms on fundamental indicators such as inflation, interest rates…
The Nigerian Aviation Handling Company (NAHCO) Plc has unveiled an ambitious plan to achieve total group revenue of N300 billion within the next five years. The projection was announced by the Group Executive Director, International Business & Corporate Services, Dr Sola Obabori, during the company’s ‘Bell Ringing and Facts Behind the Figures’ event held yesterday…
The Nigerian Air Force (NAF) is exploring strategic partnership with Zinox Technologies, Africa’s foremost integrated ICT solutions company. The partnership is with a view to exploring avenues to strengthen the Air Force’s operational and technological infrastructure and make them more resilient. According to company sources, a high-level delegation from NAF, led by Air Vice Marshall…
As Nigeria, and indeed, Africa continue to witness considerable expansion in internet access and a boost in digital technologies, there is need to dismantle the barriers to digital rights and inclusion so that the full benefit of the revolution would be felt, the Executive Director of Paradigm Initiative (PIN), Gbenga Sesan has stressed. PIN a…
Nigeria’s data agency, National Bureau of Statistics (NBS) has said the rise in the costs of food, energy, and other items, inflation rate rose from 34.60 per cent in November 2024 from the 33.88 per cent recorded in October 2024. Statistician-General of the Federation, Prince Adeyemi Adeniran disclosed this in a statement. According to him,…
United Bank for Africa (UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businesses The N500million cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by the…
LG Electronics has launched its Dual Inverter Air Conditioner with “Mosquito Away” feature in Nigeria to fight the menace of malaria, marking a new era in air conditioning technology. Designed to deliver efficient cooling while ensuring a mosquito-free indoor environment, the Mosquito Away AC is a first-of-its-kind solution in the market. The Mosquito Away feature,…
