Business

Metering electricity consumers has remained a serious challenge in Nigeria’s electricity market as utility companies struggle to fill the gap eight years after the sector was handed over to private investors. Data from the Nigerian Electricity Regulatory Commission (NERC) has shown that at least 8.1 million of the country’s current …

Tein Jack-Rich, a presidential hopeful under the umbrella of the All Progressives Congress (APC), says to ensure stable economic growth, his administration will work with state governments. According to Jack-Rich, who spoke in an interview with newsmen in Abuja on Saturday, he will do that through a careful study of …

The Central Bank of Nigeria CBN has said that the country will be faced with dearth of paper currency soon. This as the apex bank intensifies effort in the area of digital currency inclusion. The Delta State Branch Controller of CBN, Mr Godwin Okafor, made this known while Speaking at the …

Flight operations have resumed at the Lagos Airport as security operatives investigate mangled corpse found on runway. Newsextra24 earlier reported today, that the international wing of the airport was temporarily shut after the disfigured body of a dead man was found on Runway 18R.The corpse was discovered during a routine …

The Chartered Institute of Taxation of Nigeria (CITN) has been urged to support the Federal Inland Revenue Service (FIRS) in its drive towards full digitalisation of tax administrative processes. Vice President Yemi Osinbajo SAN made this call in his speech at the Chartered Institute of Taxation of Nigeria’s (CITN) 24th …

As part of efforts to ensure reforestation, reduce biodiversity loss, boost food security and support the global net-zero emission agenda, Seplat Energy, Nigeria’s foremost indigenous energy company, has launched a special sustainability campaign tagged “Seplat Tree 4Life.” Seplat Energy, the first Nigerian company to complete a dual listing on the …

The community of Onigbongbo, Lagos, was in a joyous mood today, as 1062 women were equipped with transformative skills through the Coca-Cola Foundation-funded women empowerment initiative, Catalyst for Change 2.0, to enhance their economic standards and quality of life for themselves and their families. The graduation ceremony, held at the …

The Federal Government has called on Facebook and other social media platforms to stop allowing the Indigenous People of Biafra from using their platforms to allegedly incite violence and instigate ethnic hatred in Nigeria. The government said that since IPOB had been proscribed and classified as a terrorist organisation, “Facebook …

Tesla CEO Elon Musk says his deal to buy Twitter can’t move forward unless the company shows public proof that less than 5% of the accounts on the platform are fake or spam. Musk made the comment in a reply to another user on Twitter early Tuesday. He spent much …

The dollar exchanged at N600 on Monday at the parallel market, heightening fears of a further devaluation of the nation’s currency. The rate at the Importers and Exporters Window was, however, N415.75 on Monday, widening the exchange rate spread to N184.25. At Zone 4 in Abuja, which is the hub …