MTN Nigeria Communications Plc has declared a final dividend of N4.97 per share for the financial year ended Dec. 31, 2019 just as it declared to invest N600 billion in network in the next three years. Mr Ferdi Moolman, the company’s Chief Executive Officer, made this known in a statement made available to newsmen in…
Major stakeholders in the international shipping community have said they are confident of the measures and satisfied with the effectiveness of Nigeria’s efforts to contain piracy and armed robbery on the country’s maritime environment. They also expressed confidence in the abilities of the Director-General of the Nigerian Maritime Administration and Safety Agency (NIMASA), the maritime…
Ikeja Electric Plc has announced the appointment of Mrs Folake Soetan as its Acting Chief Executive Officer. The electricity distribution company made the announcement in a statement signed by its Head of Corporate Communications, Mr Felix Ofulue on Friday in Ikeja. The appointment takes effect from March 2. Ofulue said the new CEO takes over…
Airtel, a Network Service Provider, on Thursday said that theft of telecommunications companies’ equipment and insecurity had been responsible for drop in calls usually experienced by some of their customers across the country. Dr Adedoyin Adeola, Vice-President, Network Operation of Airtel, said this during a news conference on Banana Island in Ikoyi, Lagos State. He…
Some Stakeholders at a public hearing, organised by the Nigerian Electricity Regulatory Commission (NERC) in Ibadan, have clamoured for availability of prepaid meters for consumers as against upward review of tariffs by distribution companies. The event, which held in Ibadan on Friday, had in attendance top management staff of Ibadan Electricity Distribution Company (IBEDC), civil…
Stakeholders will sign an agreement with Chinese lenders by Q2 2020 to fund the country’s biggest pipeline project Nigeria will close a $2.5bn financing agreement with Chinese lenders by the start of the second quarter of 2020 to fund the single biggest gas pipeline project in the country’s history, after months of holding talks with…
Nobody has the right to be violent against any official of a power distribution company discharging their lawful duty, the Nigerian Electricity Regulatory Commission declared on Wednesday. NERC’s declaration was, however, followed by resistance from power consumers who insisted that Discos that failed to provide considerable service should stop disconnecting electricity users from the source…
• DisCo decry import duty on meter Federal Government’s continuous subsidy for electricity consumption in Nigeria is unsustainable, Managing Director, Abuja Electricity Distribution Company (AEDC), Ernest Mupwaya, has said. Despite privatisation, the government has reportedly spent N1.7trillion on electricity in the last three years, while power generation companies (GenCos), in five years, lost a whopping…
The Nigerian National Petroleum Corporation (NNPC) is to expand its domestic gas footprint with the delivery of the Escravos-Lagos Pipeline System (ELPS) II to double capacity from 1.1 billion standard cubic feet of gas to 2.2 BSCF. A statement by its Acting Group General Manager, Group Public Affairs Division, Samson Makoji, in Abuja, said the…
Today, the Honourable Minister of State for Petroleum Resources, H.E. Chief Timipre Marlin Sylva headlined the Mega Launch of the various range of NNPC Retail Limited’s Lubricants which held at the International Conference Centre, Abuja, Nigeria. In his value statement, Chief Sylva affirmed that the new direction for the product owner, NNPC Retail Limited, signals…