Sarah NEGEDU

Estimated billing: new investors get approval for metering

Twenty two firms recently got the nod to procure and install meters for customers under the Meter Assets Providers MAP, arrangement the Nigerian Electricity Regulatory Commission have disclosed.

The Commission hopes that the latest development will put an end to the years of estimated billing o [...]

Fri, 25 May 2018


Nigeria can develop its infrastructure from transport sector – Bello

The Executive Secretary, Nigerian Shippers Council, NSC, Bar. Hassan Bello, has with the right streamlining of Nigeria’s transportation system and ports processes, the country does not need oil revenue to develop, as needed revenue will be generated through transportation.

Bello stated th [...]

Fri, 25 May 2018


CBN pumps $293m into retail SMIS

The Central Bank of Nigeria, CBN, last Friday, lifted the Retail Secondary Market Intervention Sales, SMIS, of the inter-bank Foreign Exchange Market with the sum of $293m.

A statement from the Bank’s Acting Director, Corporate Communications Department, Mr. Isaac Okorafor, confirming the [...]

Wed, 23 May 2018


NIPC unveils online investors’ guide

As parts of efforts of improving the ease of doing business in the country, the federal government has partnered the United Nations to develop an online investment portal that will increase investment inflows into the country.

Speaking at the launch of the portal tagged ‘iGuide Nigeria,&r [...]

Wed, 23 May 2018


Nigeria to attract $22.5bn investment with ERGP

Nigeria hopes to attract an additional investment worth $22.5 billion from 164 different projects across the country, through the Economic Recovery Programmes, ERGP, Focus Labs.

The minister of Budget and National Planning, Sen. Udo Udoma, who made this known at an open day event to mark the co [...]

Wed, 23 May 2018


CBN ask museums to embrace hyper-connectivity

The Central Bank of Nigeria, CBN, has urged museum managers to leverage on the wide acceptance of information technology in the country, to upgrade their museums to international standard and attract new audiences to their collections.

Deputy Governor, Corporate Services of the bank, Mr Edward [...]

Wed, 23 May 2018


Inflation rate drops by 0.86% in April

Again, Nigeria’s inflation rate measured by the Consumer Price Index, CPI, dropped by 0.86percent point in April 2018, the National Bureau of Statistics disclosed.

NBS in its CPI reports for April, suggest that the inflation rate stood at 12.48percent, away from the 13.34percent reported [...]

Wed, 23 May 2018


NCC give N50m research grant to universities

Nine researchers in Nigerian universities recently received N50million research grants from the Nigerian Communications Commission, NCC, to ensure the growth of the telecommunications industry in the country.

Speaking after the presentation of award letters to the Winners of the 2016, 2017 Rese [...]

Wed, 23 May 2018


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The Federal Road Safety Corps, FRSC, has commenced the 2019 Eid el fitr special patrol with the deployment of 36,000 personnel.

This was dis [...]

01 June 2019