NEWS

NNPC Says Petrol Price Should Be ₦256/litre in Nigeria

The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Mele Kyari, says Nigerians should be paying at least ₦256 per litre for petrol...

Power Distributors Get CBN Loan to Tackle Funding Crisis

The Central Bank of Nigeria is now providing loans to electricity distribution companies to cover the collection and operational expenditure shortfalls of the firms...

NAFDAC to Register, Certify Premises of Chemical Manufacturers

A statement released on Sunday, June 20, 2021 by the agency’s resident media consultant, Olusayo Akintola, stated that NAFDAC Director-General, Prof. Mojisola Adeyeye, disclosed...

Electricity Consumers in Nigeria Need to Pay Higher Tariff – World...

The Federal Government has borrowed a total of ₦1.3 trillion since 2017 to ensure that power generation companies (Gencos) and gas suppliers received enough...

Zenith Bank Wins Best Corporate Governance Award

Zenith Bank Plc has been named as the Best Corporate Governance 'Financial Services' Africa 2021 by the Ethical Boardroom for the second consecutive year....

Shoprite Nigeria: New Investor Assures Consumers of Improved Services

Following the acquisition deal between Retail Supermarkets Nigeria Limited (RSNL), owner and operator of the Shoprite stores in Nigeria, and Ketron Investment Limited, the...

FCCPC Warns DisCos to Stop Arbitrary Disconnection of Consumers

The Chief Executive Officer of Federal Competition and Consumer Protection Commission Tunde Irukera has described as scandalous penchant by electricity distribution companies to...

NCC Boss, Danbatta Commends Huawei for Boosting ICT Education in Nigeria

The Executive Vice Chairman, Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta has commended Huawei Technologies Company Nigeria Limited for donating a computer laboratory...

Consumers Groan as Banks Commence Compulsory Charges for USSD Transactions

Nigerians have condemned the imposition of ₦6.98 charge on consumers of banking services for every banking transaction carried out on all USSD (Unstructured Supplementary...

Ketron Investment Acquires Shoprite Nigeria

A Nigerian firm, Ketron Investment Limited, has completed the acquisition of Retail Supermarkets Nigeria Limited, owners of Shoprite stores in Nigeria, after winning a...