Kola Balogun, an expert on power, says that putting skilled technocrats in charge of highly technical power companies can cut down on the number of times the national grid goes down. This was said by Balogun, the chairman and chief executive officer of Momas Electricity Meters Manufacturing Company Ltd. (MEMMCOL), in an interview on Tuesday Read More…
Business
Nigeria loses N120 billion per year to overseas advertising production
The production of advertising, promotional, and marketing communication materials outside of the country costs the Nigerian advertising business approximately N120 billion yearly, according to the Advertising Regulatory Council of Nigeria (ARCON). This was said in a statement made available to newsmen on Monday in Abuja by Dr. Olalekan Fadolapo, Director-General of ARCON. He claimed that Read More…
NAMA increases satellite ground base stations to 14
To accommodate the additional airports being built throughout the nation, the Nigerian Airspace Management Agency (NAMA) has expanded the number of satellite ground base stations from eight to fourteen. On Sunday, Mr. Matthew Pwajok, the acting managing director of NAMA, informed newsmen of this. He mentioned that there used to be just eight satellite stations Read More…
Peter Obi says agriculture investment will curb food prices and insecurity
Labour Party’s presidential candidate, Mr. Peter Obi, has suggested that reducing food price inflation and increasing food security may be achieved by increased investment in agriculture. Obi made this statement in his greeting for 2022 World Food Day, which will be held on October 16. The former governor of Anambra stated that the rising food Read More…
288 Lagos retirees receive N1.62bn
The Lagos State government said on Friday that it has deposited N1.62 billion into the RSAs of 288 retirees for the month of October. This was said by Mr Babalola Obilana, Director-General of the Lagos State Pension Commission (LASPEC), at the 97th Batch Retirement Bond Certificate Presentation for retirees from the Lagos State public service. Read More…
EKEDC adds 100MW to Lekki
With help from the Niger Delta Electricity Holding Company (NDPHC), the management of the Eko Electricity Distribution Company (EKEDC) has announced plans to add 100 MW of power to the Lekki axis. During Friday’s Stakeholders Town Hall Meeting in Lekki, Lagos, EKEDC Managing Director/Chief Executive Officer Dr. Tinuade Sanda made the promise. She said that Read More…
Dangote refinery 97% completed – NMDPRA
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says that the Dangote Petroleum Refinery is 97% completed. In a statement released on Thursday in Lagos and signed by Mr Anthony Chiejina, Group Chief Branding and Communication Officer, Dangote Industry Ltd., NMDPRA Chief Executive Mr Farouk Ahmed made the announcement. When the Dangote refinery’s representatives Read More…
FG authorises MTN’s N202.8bn tax to finish Enugu-Onitsha Expressway
The Federal Executive Council (FEC) has approved MTN Nigeria PLC, a telecommunications operator, finishing the ongoing Enugu-Onitsha expressway at a cost of N202.8 billion using the Federal Government’s Tax Credit Scheme. This information was provided to the State House reporters by Minister of Works and Housing Babatunde Fashola, Minister of Police Affairs Maigari Dingiyadi, and Read More…
Sanwo-Olu presents 30-year plan, signs civil, wealth bills
Lagos State Governor, Babajide Sanwo-Olu, said on Wednesday that Lagos will start a 30-year plan to improve the city between 2022 and 2052. The concept was presented by Sanwo-Olu at the Victoria Island closing ceremony of the 9th edition of the Ehingbeti Lagos Economic Summit. The Lagos State Wealth Fund (LSWF) bill as well as Read More…
Cakasa Ebenezer Foundation donates school kits to three Lagos schools
Cakasa Ebenezer Foundation (CEF), the CSR arm of Cakasa Nigeria Limited, recently gave school bags, books, and writing tools to three Lagos public elementary schools in Mushin Local Government Area (LGA). The donation was part of Cakasa Ebenezer Foundation’s Kit-a-child campaign. The schools are Oduduwa Pry School, Estate Pry School, and Papa Ajao Pry School. Read More…










