Start-ups in Nigeria, Kenya, South Africa and others on the continent raised $2.2 billion last year in equity, debt and grants (exc. exits), according to latest data compiled by Africa: The Big Deal. While this is a good amount in absolute terms, it represents a -25per cent drop when compared to the $2.9billion that were…
Aba Power Limited Electric (APLE) has announced over 50 per cent tariff hike for its customers. This decision followed the Nigerian Electricity Regulatory Commission (NERC) approval for the power company based in Southeast Nigeria. The electricity Distribution Companies (DisCo) operates a ring- fenced area in Aba, Abia State. The company disclosed this in a notice…
Global energy company, Schneider Electric has restated its commitment to employee health and safety in furtherance of Nigeria government’s objectives to address challenges in occupational safety and health (OSH). The leader in energy management and industrial automation gave the commitment when it hosted its annual Safety Day, a reflection of its dedication to promoting workplace…
Oil prices eased marginally by one per cent in volatile trade following weak economic news from the U.S. and Germany. Earlier in the day, crude prices were on track to close at 12-week highs on support from a weaker U.S. dollar and as a winter storm boosted demand for energy to heat U.S. homes and…
Airtel Nigeria CEO Dinesh Balsingh has reaffirmed the telecom giant’s commitment to delivering superior connectivity and fostering digital inclusion as conversations around end user tariff hike gain traction. He said in response to the economic realities of rising operational and capital costs, the proposed tariff adjustments aim to ensure the long-term sustainability of the sector…
In a powerful display of solidarity, MTN Nigeria staff (fondly called MTNers) joined hands—literally and figuratively—to say #NoExcuse to gender-based violence (GBV). As part of the company’s efforts during this year’s 16 Days of Activism Against Gender-Based Violence, which happened between November 25 to December 10, 2024, MTNers gathered at the MTN’s rooftop event center…
The management of the foremost African digital conglomerate, Zinox Technologies Limited, has demanded a public apology from Mr. Femi Falana SAN over alleged defamation and reputational injury inflicted on the company and its representatives by Falana and his client, Benjamin Joseph, the CEO of Citadel Oracle Concept Limited, an Ibadan-based computer firm. In a statement…
BUA Group, an industrial conglomerate, has denied claims that its 200,000 barrels per day refinery in Akwa Ibom is 90 percent completed. In a statement yesterday, the management said the construction is progressing steadily. “Whilst the refinery is not at 90per cent completion, we are however on track to meet our delivery timelines in collaboration…
The Lagos State government has lauded management of Martell Tower for promoting cultural and educational experience in the state. State Commissioner for Tourism, Arts, and Culture, Toke Benson-Awoyinka, gave the commendation at the weekend when she visited the French Cognac pop-up – the Martell Tower. She lauded the management for their innovative approach to blending…
