Eko Electricity Distribution Company (EKEDC) has disclosed that it has lost about N4 billion of its assets and electrical installations to vandalism in the last six months. This was made known by Tinuade Sanda, managing director of EKEDC at a press briefing on Wednesday in Lagos. Sanda said the company faced …
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The World Bank has disclosed that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022, as worsening revenue collection at the federation level increases budgetary pressures for the states. This was made known by the Washington-based bank in its Nigeria Development Update report, titled, ‘The Continuing Urgency …
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The National Bureau of Statistics (NBS) has stated that Abia, Imo and Cross River states paid the highest amount for premium motor spirit (PMS), better known as petrol in May 2022. The average petrol price during the month under review is N173.08 per litre. The NBS said this in its …
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Adeoye Abodunrin, a life coach and personal development expert with over 25 years’ experience has disclosed that coaching, if applied right, has the potential to grow solution-oriented individuals that can proffer ways to revamp the nations’ economy towards prosperity. He said the African continent is in dire need of solutions …
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A chartered accountant, Omoniyi Osunsanya , the pioneer Managing Director of Unique CFO Limited and a former Finance Director at MediaReach OMD, a member of the Omnicom Group, has emerged the 5th Chairman of the Institute of Chartered Accountants of Nigeria (ICAN), Mowe & District Society of Ogun state. Osunsanya …
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The Central Bank of Nigeria (CBN), says it is set to introduce the Unstructured Supplementary (USSD) code as part of steps to improve the Central Bank Digital Currency (CBDC). The Deputy Governor of the CBN, Kingsley Obiora, said this at the IMF African Department Speakers Series held virtually on Friday. Newsextra24 …
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Nigerians traded at least N77.75bn ($185m) worth of Bitcoin in the first three months of the year despite the Central Bank of Nigeria’s restrictions on cryptocurrency transactions in the country. This is a 5.71 per cent increase from the N73.54bn worth of Bitcoin that was traded in the corresponding period …
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Nigeria Customs Service says it has confiscated several jerry cans containing petroleum product from suspected smugglers. The seizure was made in Badagry and its environs between January and June 7, 2023 by men of the service in charge of the Seme Area Command. The Customs Area Controller, Seme Area Command, …
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WAW, reasserting its mission to continuously supports Nigerian talents while deepening its lifestyle brand appeal, hosted the Nigerian Idol Contestants to a star-studded, lit celebratory event at a highbrow center in Lagos state. The event, hosted by Expand Global Industries Limited (EGIL) staff, the makers of WAW and NIttol detergents, …
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MOJEC Meter Asset Management Company (M3AC), has continued its meter penetration push to reduce Nigeria’s metering gap by partnering with the Eko Electric Distribution Company (EKEDC) to get more Nigerians covered under its mobile MAP initiative. This is as the company also cautioned customers against meter tampering and energy theft …
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