By Ayomide Otitoju The Minister of Power, Joseph Tegbe, has warned against energy theft and meter tampering, directing stakeholders to investigate the estimated power losses on the 132kV Ikorodu-Sagamu corridor. The corridor reportedly records up to 100MW of unaccounted power, resulting in an estimated annual loss of ₦120 billion, according to monitoring data from the…
By Ayomide Otitoju The Minister of Power, Joseph Tegbe, has assured industries operating along the 132kV Ikorodu–Sagamu corridor of sustained electricity supply while warning against energy theft, meter tampering and other practices that undermine the power sector. Tegbe gave the assurance during a high-level engagement with industrial customers along the corridor following concerns over discrepancies…
By Ayomide Otitoju The Federal Government has launched the Tertiary Institutions National Laureate Prize, an annual ₦365 million initiative designed to recognise and reward outstanding research, innovation and intellectual excellence among students and researchers across Nigeria’s tertiary institutions. Minister of Education, Tunji Alausa, announced the opening of the prize in a post on X on…
By Ayomide Otitoju French energy giant TotalEnergies has completed its exit from the Arctic 2 liquefied natural gas (LNG) project in Russia, following the transfer of its 10 per cent stake to NordLine, a subsidiary of Russian gas producer Novatek. The company confirmed on Thursday that the transfer had been completed, ending its direct ownership…
By Ayomide Otitojun Dangote Petroleum Refinery and Petrochemicals (DPRP) has raised concerns over the continued issuance of petroleum product import licences, saying rising imports of Premium Motor Spirit (PMS) are creating uncertainty in the domestic market despite its capacity to meet and exceed Nigeria’s fuel requirements. The refinery’s management said it remains committed to Nigeria’s…
By Ayomide Otitoju Fidelity Bank Plc is set to host the next edition of its Quarterly Business Forum on Wednesday, September 2, 2026, in Kano, bringing together business owners, entrepreneurs, industry leaders and key stakeholders to explore opportunities for business growth and sustainability across Northern Nigeria. The Kano edition follows the success of the Bank’s…
By Ayomide Otitoju The Federal Government has launched the Renewable Asset Management Company (RAMCO) to ensure the sustainable management of Nigeria’s power infrastructure and prevent the deterioration of assets after commissioning. The initiative was unveiled in Abuja on Wednesday during the RAMCO Stakeholders’ Launch and Media Engagement Session, attended by senior government officials and heads…
By Ayomide Otitoju Promasidor Nigeria has invited established entrepreneurs and business owners across the country to join its distribution network and build sustainable businesses around some of Nigeria’s leading food and beverage brands. The initiative, tagged “Build Your Business with Promasidor,” targets entrepreneurs with the financial capacity, infrastructure and experience required to establish and expand…
By Ayomide Otitoju FirstBank and the Pan-African Payment and Settlement System (PAPSS) are helping to simplify cross-border payments across Africa by enabling businesses and individuals to transact using local currencies. For years, transferring money between Nigeria and other African countries has been costly and time-consuming, with transactions often requiring currency conversions and correspondent banks outside…
