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NERC Chairman Vows Crackdown On Meter Bypass, Electricity Theft

The chairman-designate of the Nigerian Electricity Regulatory Commission (NERC), Engr. Abdullahi Ramat, has unveiled sweeping reforms to tackle endemic challenges in the power sector, vowing to work with the Economic and Financial Crimes Commission (EFCC) to curb electricity theft, meter bypass, and illegal connections. Speaking in Abuja, Ramat said his administration would prioritise the use […]

LG Electronics Inaugurates Solar-powered Borehole, Free Laundry Facility In Abeokuta

LG Electronics has commissioned a solar-powered borehole system and a mobile laundry cabin in Abeokuta, Ogun State, to provide residents free access to clean water and laundry services. Speaking at the commissioning, Choongbae Seok, the general manager of Media Solutions, TV Division, LG Electronics West Africa, said the project aimed to combine innovation with social […]

Dangote Refinery Begins Free Product Distribution, Plans Plant Expansion To 700,000bpd

Compressed Natural Gas (CNG) trucks have started loading petrol directly at the Dangote Refinery’s gantry as the facility kicks off free fuel distribution for commercial end users. True to his commitment to begin petrol distribution powered by CNG trucks to reduce the cost of the product further, the Dangote refinery on Monday flagged off the […]

Nigerian Economic Society Confers Fellowship On Development Bank MD

The managing director/chief executive officer of Development Bank of Nigeria (DBN), Tony Okpanachi, has been conferred with the Fellowship of the Nigerian Economic Society (NES), one of the highest honours of the body since its establishment in 1957. After receiving the award, Okpanachi described the recognition as a significant milestone in his professional journey, noting […]

Clearance For 905 Abandoned Vehicles, Other Cargoes At Lagos Ports Underway

The Nigeria Customs Service (NCS) unveiled plans on Monday to fully automate its overtime cargo clearance system in the service’s Zone A Commands. LEADERSHIP reports that the initiative will accelerate the evacuation of over 905 long-stalled consignments of 434 pieces of 40ft containers and 120 pieces of 20ft containers. According to the service, cargoes in […]

Nigeria, Others Face Rising Borrowing Costs Amid Policy Weaknesses – Moody’s

Borrowing costs for governments and businesses in Nigeria, South Africa, and Kenya have surged in the last five years due to policy weaknesses, high inflation, and unfavourable market conditions, a report by Moody’s Ratings has revealed. The Reuters study, which examined credit conditions across the three economies, painted a picture of mounting financing pressures that […]