The European Union (EU) has launched the Eurocham Nigeria Institutional Development Support, a €300,000 three-year grant aimed at strengthening the secretariat of the European Chamber of Commerce (Eurocham) Nigeria, expanding its advocacy efforts, and enhancing external engagement for its members. The grant, announced during Eurocham’s 25th Annual Stakeholders Conference in Lagos, forms part of the…
Airtel Africa’s total customer base grew by 7.9 per cent to 163.1 million while its data customer penetration continues to rise, with a 13.8 per cent increase in data customers to 71.4 million, according to its results for nine-month period ended 31 December 2024. According to the result, data usage per customer increased by 32.3…
Facebook’s parent company, Meta, has agreed to pay President Donald Trump $25 million to settle a 2021 federal lawsuit alleging First Amendment violations and other claims following the company suspending him from Facebook and Instagram in the wake of the Jan. 6 attack on the Capitol. The payout resolves the suit Trump filed against Facebook…
European Union (EU) Ambassador to Nigeria and the Economic Community of West African States (ECOWAS), Gautier Mignot, has outlined the union’s plans to bolster trade, strengthen investment and positively impact the youthful population of Nigeria. Mignot made the plans known on Wednesday in Lagos at a media luncheon. He said the EU would want to…
The management of Max Air has announced the suspension of its domestic flight operations for 90 days effective midnight January 31, 2025 to pave way for the conduct of safety and economic audit of the carrier by the Nigerian Civil Aviation Authority (NCAA). The airline, via its official X handle @MaxAirLtd, explained that the suspension…
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…
