Sunday, May 18, 2025
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ISSN 1595-5311

News - Page 15

MTN Plans Second Public Offer In Nigeria

MTN Group President, Ralph Mupita, has announced plans to reduce its shareholding in MTN Nigeria through a public offer after it returns to profitability. The group aims to cut its stake from 76 percent to 65 percent in line with its longstanding
April 11, 2025

Adesina Warns Nigeria Losing Future to ‘Japa’ Syndrome

President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has raised concerns over Nigeria’s growing migration trend popularly known as “Japa,” cautioning that the country and the continent are losing their most valuable resource—youths. Adesina spoke during an interview on Channels
April 11, 2025

NERC Fines Eight DisCos N628m Over Crazy Billing

The Nigerian Electricity Regulatory Commission (NERC) has fined Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola Electricity Distribution Companies the sum of N628.03 million for non-compliance with the capping of estimated billing for unmetered customers. The commission conveyed the sanction in
April 10, 2025

FG Signs $329m Deal With Chinese Firm To Boost Power Supply

The Federal Government has signed a $328.8 million contract with Chinese firm, China Machinery Engineering Corporation (CMEC), to rehabilitate and expand Nigeria’s electricity transmission network under Phase 1 of the Presidential Power Initiative (PPI). The agreement covers Engineering, Procurement, Construction, and Financing
April 10, 2025

US Dollar Slumps On Stop-Start Tariffs

The US dollar plunged against the euro and other main rivals again on Thursday after President Donald Trump abruptly paused higher tariffs on all countries except China, adding to investor uncertainty. The greenback lost over one percent against the European single currency,
April 10, 2025

Oyo Seeks US Investment In Solid Minerals, Agric

Oyo State Governor, Seyi Makinde, has expressed the state’s readiness to partner with the United States in exploring investment opportunities in solid minerals development, agribusiness, education, energy, and other critical sectors. The governor made this known on Wednesday during a courtesy visit
April 10, 2025
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