FG to patronise local meter manufacturers to close metering gap

By Yusuf Yunus The Federal Government has pledged its commitment to patronising local meter manufacturers in boosting local content development and fostering growth in the industrial sector.   Mr Adebayo Adelabu, the Minister of Power, during a working visit to Momas Electricity Meters Manufacturing Company Ltd. (MEMMCOL), gave the assuranceContinue Reading

NERC warns electricity consumers against buying transformers, poles for Discos

  By Yunus Yusuf Hajia  Aisha Mahmud, Commissioner, Customers Affairs, Nigerian Electricity Regulatory  Commission (NERC), has cautioned electricity consumers against self- procurement of  transformers, cables and accessories without formal agreement with distribution companies. Mahmud  gave the warning at the commission’s three-day Customers Complaints Resolution Meeting with Eko Electricity Distribution Company’sContinue Reading

Expert projects moderate expansion for Nigeria’s GDP in first quarter

By Rukayat Moisemhe Mr Ebenezer Olufowose, Managing Director, First Ally Capital Ltd., has projected moderate expansion of the country’s Gross Domestic Product (GDP) in the first quarter of the year. He said this during the Nigerian-British Chamber of Commerce (NBCC) members’ evening/induction on Thursday in Lagos. The News Agency ofContinue Reading

U.S. envoy advocates enabling environment, access to capital for young start-ups

By Rukayat Moisemhe Michael Ervin, Senior Foreign Service Officer, United States Consulate, Lagos, says access to capital for young companies and an enabling environment for technology start-ups will enable new perspectives to Nigeria’s economic growth and development. Ervin made the call at the American Business Council (ABC) Economic Update onContinue Reading

Afreximbank subsidiary inaugurates Kigali office to address Africa’s 0bn equity financing shortfall

  By Okeoghene Akubuike The African Export–Import Bank (Afreximbank) has unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. This is contained in a statement issued by Vincent Musumba, Manager, Communications and Events, Afreximbank in Abuja on Wednesday. The statement said FEDA was established to tackleContinue Reading

Nigeria’s insurance guru’s appointment to NCDMB Governing Council, exemplary – UK firm

By Funmilayo Adeyemi Dr Alim Abubakre, British-Nigerian founder of TEXEM UK, a consulting firm in the United Kingdom, says the appointment of Olorundare Thomas to Nigerian Content Development and Monitoring Board (NCDMB) Governing Council is strategic and exemplary.   Thomas is Nigeria’s Commissioner for Insurance and Chief Executive Officer ofContinue Reading

Mining cadastre receives 10,805 applications since launch of electronic system-DG

By Martha Agas The Nigerian Mining Cadastre Office (MCO) says it has received 10, 805 applications for new mineral titles and modifications since the launch of its Electronic Mining Cadastre Systems (eMC+) in 2022. The Director General of MCO, Mr Obadiah Nkom, disclosed this during the organisation’s business session, atContinue Reading