The Nigerian Electricity Regulatory Commission has taken enforcement action against the Abuja Electricity Distribution Plc (AEDC) for non-compliance with the Supplementary Order to the April 2024 Multi-Year Tariff Order 2024 for AEDC. NERC fined the electricity distribution company ₦200,000,000 (Two Hundred Million Naira) for its failure to comply with the …
Read More »Amid high demand, Air Peace increases Lagos-London flight capacity
Air Peace, Nigeria’s flag carrier, has announced an increase in capacity on its Lagos-London flights. The airline made the announcement on its X page on Wednesday. On March 30, Air Peace commenced its Lagos-London flight services. During an interview on Arise TV on April 2, Allen Onyema, chief executive officer …
Read More »IKEDC releases list of areas where residents must pay higher electricity tariff
IKEDC Following the Wednesday controversial announcement by the Nigerian Electricity Regulatory Commission that electricity consumers under the Band A classification will now pay N225 for a kilowatt per hour (KW/h) instead of the usual N66, the Ikeja Electricity Distribution Company has released the list of the areas within its coverage …
Read More »Nigeria Contextualizes Latest WHO’s MHGAP to Bridge Mental Health Gap
In a significant step forward for mental healthcare, Nigeria has become the first country to contextualize the newest version of the World Health Organization’s (WHO) Mental Health Gap Action Programme (MHGAP 3.0). This initiative, led by the National Mental Health Programme (NMHP), demonstrates the government’s dedication to bridging the vast …
Read More »STEWARDSHIP: HOST COMMUNITY MONARCHS LAUD PLANT DIRECTOR’S LEADERSHIP STYLE
Prominent Traditional rulers from Dangote Cement Ibese host communities have commended the leadership ingenuity of the outgoing Plant Director, Azad Nawabuddin saying his pleasant personality has boosted the cordial relationship between the cement company and the host communities. It was a moment of accolades for Mr. Nawabuddin, during a send …
Read More »EFCC to arraign Binance executives for ‘money laundering’ on Thursday
The Economic and Financial Crimes Commission (EFCC) will, on Thursday, charge Binance, Tigran Gambaryan and Nadeem Anjarwalla, the company’s senior executives, on five counts of money laundering. Gambaryan is Binance’s head of financial crime compliance, and Anjarwalla is the company’s regional manager for Africa. According to NAN, on Tuesday, they …
Read More »Banks set new ATM withdrawal limits for customers below CBN’s provision
Nigerian commercial banks have set withdrawal limits on their automated teller machines (ATMs). Findings also showed the limits vary across banks. This followed reported cases of cash scarcity in some parts of the country in the second half of last year. On November 2, 2023, the Central Bank of Nigeria …
Read More »Outcry as agents, technical glitches hinder SIM-NIN linkage
SIM cards. Source: Forbes Over 40 million lines have been disconnected since the expiration of the February 28 deadline set by the Nigerian Communications Commission for the linkage of NINs to SIMs. However, long queues at the enrolment centres, telco agents not gathering all the information needed from subcribers and …
Read More »Dangote, Adenuga, Abdulsamad, Otedola make Forbes list with $26bn
Dangote, Adenuga, and Otedola Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. This comes as the combined wealth of Nigeria’s top three richest businessmen dropped slightly by 11.23 per cent to $25.3bn, according to the Forbes Real-Time …
Read More »Women Network Group, ANWBN Commends Unity Bank’s Support as 5,000 Members Benefit from Yanga Product (PHOTOS)
LAGOS.02.04.2024. As part of activities to mark the 2024 International Women’s Day, Unity Bank Plc and the Association of Nigerian Women Business Network, ANWBN, have partnered to reach out to over 90 women groups across Nigeria through the Yanga Account. At a forum held in Abuja, Unity Bank unveiled the Yanga …
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