By Ayomide Otitoju Electricity Distribution Companies (DisCos) installed 148,077 meters for customers nationwide in May and June 2025, according to the Nigerian Electricity Regulatory Commission (NERC). A metering factsheet released Wednesday showed that 63,180 customers were metered in May and 84,897 in June, bringing the total number of metered customers to 6,422,933 as of June….
The United States confirmed Wednesday it is in negotiations with Argentina on a $20 billion economic support program, a move that boosted markets and offered relief to President Javier Milei ahead of critical midterm elections. U.S. Treasury Secretary Scott Bessent said discussions include a potential “$20 billion swap line” and Treasury purchases of Argentine dollar…
By Ayomide Otitoju A new three-day investment forum dedicated to driving resources development and regional cooperation across the Caribbean has been officially launched by Energy Capital & Power, Sheriff Consultancy, Colibri Business Development, and Elite D’Fam. The Caribbean Energy & Resources Week (CEW) will take place from March 30 to April 1, 2026, at the…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) received ₦318.05 billion between January and August 2025 for frontier oil exploration, even as concerns mount over declining oil revenues and widening budget gaps. Documents from the September Federation Account Allocation Committee (FAAC) meeting showed the funds were monthly deductions representing 30% of Production Sharing…
By Ayomide Otitoju In commemoration of the International Day of the Girl Child, Glo Foundation, the corporate social responsibility arm of Globacom, has announced a multimillion-naira initiative to encourage Nigerian girls to pursue careers in Science, Technology, Engineering, and Mathematics (STEM). The Foundation unveiled the “Glo Innov8” National STEM Competition for Girls in Senior Secondary…
By Ayomide Otitoju Polaris Bank Plc has convened corporate customers and stakeholders in Nigeria’s non-oil sector for its Global Trade Forum, aimed at addressing trade-related challenges and unlocking growth opportunities in the global market. The forum, themed “Trade Export: Partnering for Growth”, brought together exporters, regulators, policy influencers, and business leaders at the Lagos Continental…
By Ayomide Otitoju The African Development Bank (AfDB) has approved a new $209 million Country Strategy Paper (CSP) for Lesotho, outlining a five-year roadmap to boost economic diversification, resilience, and inclusive growth. The strategy comes at a critical time as Lesotho faces mounting challenges, including the fallout from a recent 15 percent U.S. tariff on…
By Ayomide Otitoju Nigeria’s leading provider of integrated electro-mechanical solutions, JMG, drew wide commendation at the 2025 Propak West Africa Exhibition in Lagos, where it showcased its advanced portfolio of Kaeser Air Compressors renowned for quality and reliability. At its exhibition stand, JMG displayed a comprehensive range of Kaeser products, including rotary screw compressors, trades…
By Ayomide Otitoju When Chidi, an entrepreneur in Ogun State, shifted from selling raw cassava to producing garri and flour at scale, he discovered that capital alone was not enough. What he needed was financing that matched his business cycle, digital tools to manage cash flow, and a banking partner that understood the realities of…
