Schneider Electric has developed intelligent equipment that will help electricity distribution companies (DISCOs) and others to fix major faults in the nation’s grid system and restore power after disruption within minutes. The equipment is known as “Self-Healing Grid’’ solution with minimal human intervention, the leading digital transformation, energy management and automation giant said. The Head of Read More…
Ten airlines, including Air France and KLM, will not fly into Nigeria from tomorrow, the day international flights resume in the country. The others are Etihad, Rwandair, Lufthansa, TAAG Angola Airlines, Air Namibia, Royal Air Maroc, South African Airways and Cape Verde airlines. While South African and Cape Verde airlines were barred because international flights Read More…
A group, the All Electricity Protection Forum, says it will sue the Nigerian Electricity Regulatory Commission (NERC), if the recent increment in electricity tariffs is not reversed. Its Public Relations Officer, Mr Gideon Balogun, on Wednesday in Lagos decried the tariffs increment as announced by the electricity Distribution Companies on Sept. 1. Balogun said the increment Read More…
The Inter-African Coffee Organisation (IACO) said on Wednesday it has jointly launched a $14.3 million intervention programme to alleviate the impact of COVID-19 on the continent’s coffee sector. IACO said it has teamed up with the International Coffee Organisation (ICO) and the Centre for Agriculture and Biosciences International (CABI) to design an emergency intervention programme Read More…
The Federal Government has congratulated Dr Akinwumi Adesina, President of African Development Bank (AfDB) Group on his re-election as the eighth president of the bank for a second term. The congratulatory message was delivered by Mrs Zainab Ahmed, Governor of Nigeria to AfDB, and Minister of Finance, Budget and National Planning on Tuesday. Ahmed said Read More…
The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) on Tuesday signed a Memorandum of Understanding (MoU) to revise regulation on Retiree Life Annuity and guidelines on Group life Insurance policy. Mr Peter Aghahowa, Head, Corporate Communications Department, PenCom said in a statement that the regulation was for employees and Contributory Pension Scheme Read More…
The Nigerian Stock Exchange (NSE) on Tuesday sustained positive trend to open trading for the month of September with a growth of N46 billion. Specifically, the market capitalisation which opened the month at N13.212 trillion appreciated by N46 billion to close at N13.258 trillion. In the same vein, the All-Share Index grew by 86.82 points Read More…
The bulls continued to dominate trading on the Nigerian Stock Exchange (NSE) on Wednesday with the key market indices improving further by 0.15 per cent. Specifically, the NSE All-Share Index which opened at 25,291.73 inched higher by 38.37 points or 0.15 per cent to close at 25,330.10. Also, the market capitalisation rose by N20 billion Read More…
The President of African Development Bank (AfDB), Dr Akinwumi Adesina says 141 million people have benefitted from improved agricultural technologies to enhance food security in the last five years he assumed office. Adesina made this known during the opening of the bank’s Annual General Meeting (AGM) held virtually on Wednesday. He said about 18 million Read More…
Nigeria imposed lockdowns in Lagos and Abuja in Q2 Oil sector contracted by 6.63% Nigeria is Africa’s largest economy Nigeria’s economy contracted by 6.1% in the second quarter of 2020 from a year earlier, the statistics office said on Monday, with lockdowns in its two main cities and low oil prices taking their toll. The Read More…