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Wema Bank Profit Grows by 80% to N9.67bn in Q1
  • May 2, 2024

Wema Bank Profit Grows by 80% to N9.67bn in Q1 Nigerian lender, Wema Bank Plc, profit rose by about 80% year on year in the first three months of financial year 2024, details from its regulatory filing showed. The bank’s net interest income surged significantly in the first three months of the year to settle […]
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Reps Urge NERC to Suspend Hike in Electricity Tariff
  • May 2, 2024

Reps Urge NERC to Suspend Hike in Electricity Tariff The House of Representatives has urged the Nigeria Electricity Regulatory Commission (NERC) to suspend the implementation of the new tariff. The call was a sequel to the adoption of a motion by Rep. Nkemkanma Kama (LP-Ebonyi) at plenary on Tuesday. It would be recalled that NERC […]
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G7 Tasks IRENA to Monitor Group’s Renewable Energy Progress
  • May 2, 2024

G7 Tasks IRENA to Monitor Group’s Renewable Energy Progress G7 leaders tasked the International Renewable Energy Agency (IRENA) to track and monitor the group’s collective contribution toward the global renewable tripling target by 2030. The target was established by the UAE Consensus last November at COP28, aligning global climate ambitions with IRENA’s 1.5°C pathway, mapped […]
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Lagos Disburses N849.56m to 10,066 Students
  • May 2, 2024

Lagos Disburses N849.56m to 10,066 Students Lagos State Government has approved and disbursed N849,555,000 in scholarships and bursaries to 10,066 students in its tertiary institutions. Lagos State Commissioner for Tertiary Education, Mr Tolani Sule, gave the figures on Tuesday at the 2024 Ministerial Briefing of the government. The event was held at the Bagauda Kaltho […]
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HTL Africa Celebrates Decade of Design Innovation with Samsung at Alliance Française
  • May 2, 2024

HTL Africa Celebrates Decade of Design Innovation with Samsung at Alliance Française HTL Africa, a leading architectural design firm, along with technology giant Samsung, hosted a private showcase themed “Architecture at the Nexus of Tradition and Technology”, marking a decade of pioneering design and architectural innovation. James George, CEO at HTL Africa, reflecting on the […]
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UAC of Nigeria Posts N5.9 Billion Profit in Q1
  • May 2, 2024

UAC of Nigeria Posts N5.9 Billion Profit in Q1 UAC of Nigeria Plc posted a N5.9 billion net profit in the first quarter of 2024, reversing its loss position in the comparable period, according to the company’s Q1 unaudited financial statement. The consumer goods company’s earnings growth was driven by the positive impacts of exchange […]
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Nigeria to Produce 4,000 metric tonnes of Lithium per day – V-P
  • May 1, 2024

Nigeria to Produce 4,000 metric tonnes of Lithium per day – V-P Nigeria is poised to produce 4,000 tonnes of lithium per day, Vice-President Kashim Shettima, said on Monday in Abuja. Declaring open a two-day roundtable on Sustainable Development of Nigeria’s Mining Sector, Shettima said President Bola Tinubu would soon inaugurate Nigeria`s largest lithium factory […]
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NERC Adjusts Single Phase Meter Price To N81,975.16, Three Phase To N143,836.10
  • May 1, 2024

The Nigerian Electricity Regulatory Commission (NERC) has adjusted the price of a single phase meter from N58,661.69 to N81,975.16. It also adjusted the price of three phase meter from N109,684.36 to N143,836.10. The adjustments were contained in the ORDER NO: NERC/2024/040 that the commission’s Chairman, Engr. Sanusi Garba and Commissioner Legal and Licensing Compliance, Barrister […]
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