Mr Adebayo Adelabu, Minister of Power has promised to restore electricity to the 17 northern states suffering blackout due vandalisation of the Shiroro-Kaduna transmission line.
Category: Business
One of Alhaji Aliko Dangote’s Company, Dangote Cement Plc has become the largest operator of compressed natural gas (CNG) Trucks in Nigeria with investments exceeding $280 million. The Dangote Group said the investment is a demonstration of its support for President Bola Tinubu’s administration’s energy transition plans.
The Central Bank of Nigeria (CBN) says it has no plans to end the circulation of the old naira notes in December as wrongly and falsely spread on social media.
The Federal Government through the Ministry of Aviation and Aerospace Development has approved the bid by the Kogi State Government to build an international airport in the Zariagi community.
A tragic helicopter crash involving six oil workers and two crew members has occurred in Rivers State with three persons confirmed dead from the incident.
Some sacked Directors of the Central Bank of Nigeria (CBN) have dragged the apex bank to an Abuja Division of the National Industrial Court of Nigeria (NICN) with a request for an interlocutory injunction to restrain the bank from replacing them.
Power Minister Adebayo Adelabu has set up a forensic committee to deal with the frequent power grid collapses.
Despite epileptic power supply amidst frequent national grid collapses, the Transmission Company of Nigeria (TCN) has announced that Nigeria provides 24-hour power supply to neighboring countries such as Niger, Togo, and the Republic of Benin.
The federal government has proposed a 5 percent excise tax on telecommunications services, gaming and wagering as part of a new bill to review Nigeria’s tax framework.
A memorandum of understanding (MoU) to establish a framework of cooperation on fifth-generation (5G) technology development, deployment, and innovation has been signed by the Nigerian Government and Ericsson.