The Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has put the country’s daily petrol consumption at between 45 million litres to 50 million litres. Its Chief Executive Officer, Mr Farouk Ahmed, disclosed this while speaking on the sideline of the ongoing 18th Africa Downstream Energy Week in Lagos. The 2024 OTL Africa Downstream Energy…
The just concluded verification of the National Identification Numbers (NINs) linked with Subscriber Identity Modules (SIMs) has led to a significant drop in the subscriptions database of all mobile network operators in the country as MTN, Airtel, Globacom, and 9mobile yanked off 64.3 million lines. According to the latest data released on Monday by the…
The Federal Ministry of Agriculture and Food Security has unveiled a strategy designed at reshaping the country’s wholesale markets and bolster food distribution network. This was contained in the Strategic Plan for the Development of Modern Wholesale Markets to Feed the Cities and Structure the Food Value Chain, a report that seeks to enhance food…
President Bola Tinubu has unveiled the four-year strategic plan on National Lottery Trust Fund to create opportunities for Nigerians and promote socio-economic development. Unveiling the Fund at the State House Conference Centre, Abuja, Tinubu said the aim is to empower Nigerian communities thereby generating gainful skills for citizens. Represented by the Secretary to the Government…
The African Development Bank (AfDB) has approved $350million loan for the construction of a rail line between Kano-Maradi. Declaring the National Assembly’s position after an oversight tour of the Nigerian Railway Corporation (NRC’s) Lagos-Ibadan standard gauge system, yesterday, the Chairman of the Senate Committee on Land Transport, Senator Adamu Aliero, said the Senate remained committed…
Sixty per cent of businesses in Nigeria are family-owned while half of the figure hardly go beyond the first generation, according to a new report by multinational professional services firm, PwC. Partner and PwC Africa Family Business Lead, Esiri Agbeyi, who presented the report at 2024 Family Business Summit convened by Oghenevwoke Ighure at The…
In its continuous quest to provide solutions that will revolutionise business operations and drive growth, the tech distribution giant, TD Africa has put head together with Dell Technologies and Intel to examine how AI tools and data-driven solutions can be optimized. At an event tagged: “Partner Technology Day” which held at the Wheatbaker Hotel, Ikoyi, industry-leading…
Lagos State Governor Babajide Sanwo-Olu has commended MTN Foundation for its decade-long commitment to STEM education in Nigeria through the renovation of 110 laboratories across multiple states. Speaking through his representative, Engr. Ganiyu Oseni, Special Adviser on Innovation, Broadband, and Technology, Sanwo-Olu expressed gratitude for MTN’s efforts, describing the initiative as “more than just infrastructure…
MoMo PSB has launched its outbound and inbound remittance service which enables customers in Nigeria to send money seamlessly to 13 African countries, including Benin Republic, Cameroon, Congo Brazzaville, Côte d’Ivoire, Democratic Republic of Congo, Gambia, Liberia, Malawi, Rwanda, Sierra Leone, Togo, Uganda and Zambia, and receive money seamlessly from six African countries such as…
