The Nigerian Electricity Regulatory Commission (NERC), today, approved the upgrade of an additional six feeders from Band B to Band A for Ikeja Electricity Distribution Company. This brings to 51 the total feeders on the DisCos from the previous 45 feeders, reports Nigerian Tribune. The feeders are Adeleke Adedoyin, Ajeast, Annex, Army Resettl...
The Eko Electricity Distribution Company says the Nigerian Electricity Regulatory Commission has approved the migration of 33 additional feeders to Band A under its franchise area. The feeders are Adeleke Adedoyin, Ajeast, Annex, Army Resettlement, British America Tobacco, CIG, Coker, Dideolu, Droyers, Empire Court, Estate, Etim Inyang, Firro,...
Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023. According to the audited financial results for the 2023 financial year presented to the Nigerian Exchange (NGX), this i...
Aviation experts have called on the federal government to come out in full force to support the nation’s carriers on international routes, especially Air Peace, and be a part of the global aeropolitics. Less than two weeks after Air Peace commenced the direct flight services from the Murtala Muhammed International Airport (MMIA), Lagos, to L...
The Minister of Power, Adebayo Adelabu, has apologised to Nigerians for saying that they keep freezers on for days due to low electricity tariff. “Anything we have said that are considered offensive, we are sorry about that,” Adelabu said with slight remorse on Channels Television last night. The minister had come under fire by many […]...
The Anambra Motor Manufacturing Company has urged governments at all levels and corporate organisations to prioritise patronage of locally-made vehicles to create employment and boost the country’s economy. This was as the firm said its trucks are made with Nigerian roads, fuel supply and economy in mind and that they are highly durable and ru...
•CBN Governor Yemi Cardoso Members of staff of the Central Bank of Nigeria (CBN) have disclosed they are living in constant fear over the ongoing sacking since the appointment of Dr Olayemi Cardoso as the governor. The CBN workers who spoke with our correspondent said no department can be spared in the continued sacking ravaging […]
Findings by have revealed that indigenous ship owners were not part of the numbers of vessels that have lined up at the Dangote Refinery to load diesel and aviation fuel. Recall that while speaking with newsmen last week, the Executive Director of the Dangote Group, Devakumar Edwin, was quoted to have said “We have substantial […]
The Lagos State government has suspended commercial activities in Dosunmu Street and its immediate environs following the fire which engulfed part of the market. Special Adviser to the Governor on CBD, Mrs. Bola Olumegbon-Lawal, said the measure became necessary to prevent further loss of life and property, and to maintain peace and order in t...
Barely one week after the new tariff regime which increased electricity tariff by 231 percent for category A consumers, there are indications that the electricity supply capacity is grossly inadequate to meet the 20 hours per day minimum benchmark for the new tariff while accommodating other category of consumers. The 11 Electricity Distributi...
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