The National Association of Nigerian Students (NANS) has condemned the action of the Eko Electricity Distribution Company (EKEDC) for disconnecting the University of Lagos (UNILAG) Akoka from power supply over its inability to pay the sum of N472 million monthly tariff bill, the amount the university considered to be very outrageous. The students’ bodies because…
The National Youth Service Corps has said polytechnic graduates or holders of the Higher National Diploma without evidence of undertaking the mandatory 12-month industrial training will not be registered at the NYSC orientation camp to participate in the national youth service. The acting Director of Press and Public Relations, NYSC, Mrs Caroline Lembu, who spoke…
Chairman of BUA Cement, Alh. Abdul Samad Rabiu, has recounted how cement dealers frustrated his company’s N3, 500/bag policy, last year. He spoke at the 8th Annual General Meeting of the company in Abuja, this afternoon.said that while his company sold over a million tones of cement to dealers at N3, 500, per bag, with the…
In a move to gradually solve challenges facing the aviation sector, particularly the aircraft shortage, the Minister of Aviation and Aerospace Development, Festus Keyamo, has signed a strategic Memorandum of Understanding with one of the world’s leading aircraft manufacturers, Boeing. This was contained in a statement by the Special Adviser on Media and Communications to…
Aradel Holdings Plc, an indigenous energy company, through its subsidiary, Aradel Energy Limited, has signed a sale and purchase agreement to acquire the 100 per cent interest in the Olo and Olo West marginal fields from TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited. The Olo and Olo West Fields were formerly part…
The Securities and Exchange Commission (SEC) says it has granted two digital assets exchanges “approval-in-principle” to commence operation under the accelerated regulatory incubation programme (ARIP). SEC, in a statement on Thursday, said the companies approved are Busha Digital Limited, Quidax Technologies Limited. The approval comes a week after the commission disclosed plans to license providers of virtual assets…
South Africa’s luxury goods tycoon Johann Rupert has become Africa’s top billionaires, overtaking Nigeria’s Aliko Dangote, who has lost the prime spot. The 74-year-old controls the world’s largest luxury watchmaker, Cie Financiere Richemont, through a family trust, with the Bellevue-based company owning renowned brands like Jaeger-LeCoultre and Cartier.According to the latest data from the Bloomberg…
Adebayo Adelabu, minister of power, says the federal government and the states have raised N100 billion for the procurement of prepaid electricity meters. Speaking on Tuesday at a press briefing in Ibadan, Oyo state, Adelabu said this is part of the government’s efforts to close the metering gap. “Mr President has set up what we…
Industry experts have commended the significant investment of Elon Musk’s Starlink in Nigeria, insisting that such investment in Nigeria’s telecommunications infrastructure, demonstrates the company’s unwavering commitment to Africa. According to reports, the company has acquired acres of land in Nigeria in order to build ground stations, or Gateways, across the country. These strategically located facilities,…
Holders of Canadian visitor visas will not be able to apply for a work permit within the country. This is coming amidst recent immigration reforms that have sparked protests, especially amongst international students. The Immigration, Refugees and Citizenship Canada in a statement on Wednesday said it will discontinue the policy that allows visitors to get…
