Business

, SCHNEIDER ELECTRIC, ENACTUS REWARD WINNERS OF ENERGY INNOVATION COMPETITION Schneider Electric, a global leader in energy management and automation, in partnership with Enactus, an international Non-Profit Organisation, have rewarded the winners of the 2025 edition of the Enactus Nigeria National Competition. Newspaper subscription bundles The Energy Innovation Challenge, which was competed among tertiary institutions students brought together over 33 …

TAKE ADVANTAGE OF FG’S N200BN FUNDS, MINISTER TELLS SOUTHEAST ENTREPRENUERS The Minister of Information and National Orientation, Mohammed Idris, has called on entrepreneurs in the Southeast to tap into the Federal Government’s ₦200 billion intervention funds to expand their businesses and promote locally made products. Idris made the appeal during a town hall meeting at the International Conference Centre in …

NISO INTERVENES IN EERC, EEDC DISPUTE OVER TARIFF REDUCTION The Nigerian Independent System Operator (NISO) on Wednesday stepped into the escalating dispute between the Enugu State Electricity Regulatory Commission (EERC) and the Enugu Electricity Distribution Company (EEDC) over the sharp reduction in electricity tariffs in Enugu State. This intervention follows EEDC’s reported reduction of the state’s power supply by up …

FG FUNDING 2024 CAPITAL BUDGET WITH 2025 REVENUE – DG BUDGET The Director-General of the Budget Office of the Federation, Dr. Tanimu Yakubu, said the federal government is funding the capital component of the 2024 budget using revenue accrued under the 2025 budget. Yakubu stated this in Abuja on Wednesday during a stakeholders’ engagement on the implementation of the 2025 …

TINUBU LAMENTS AJAOKUTA LINGERING CRISIS President Bola Tinubu has sounded the alarm that the lingering troubles of the Ajaokuta Steel Company had gone beyond an economic setback and had morphed into a dangerous sovereignty risk. Once touted as Nigeria’s industrial crown jewel, its decades-long paralysis now casts a shadow over the nation’s economic security and strategic independence, the President stated. …

NEW TAX LAWS WILL KILL AIRLINES – OPERATORS The Airline Operators of Nigeria (AON) has said the implementation of tax reforms will sound a death knell for domestic carriers operating in Nigeria. Vice-President of the AON, Mr. Allen Onyema, declared that domestic airlines would close up in 48 hours after the implementation of the tax law. President Bola Ahmed Tinubu …

EERC MOVES TO RESOLVE SHORTAGE OF POWER SUPPLY IN PARTS OF ENUGU The Enugu State Electricity Regulatory Commission, EERC, says it is taking steps to resolve the sudden electricity supply shortages that have plunged parts of the country into an acute power shortage. Recall that MainPower Electricity Distribution Company Limited had last week issued a statement where it blamed the …

COCOA OVERTAKES CRUDE OIL AS NIGERIA’S MAJOR EXPORT TO BELGIUM IN 2024 Amid the rise in cocoa production and export in Nigeria, shipments of the product to Belgium in 2024 overtook crude oil, Nigeria’s main export product, the Belgian Ambassador to Nigeria, Pieter Leenknegt, has said. Nigeria has been experiencing a substantial increase in cocoa export revenue, fuelled by the …

ENUGU STATE ELECTRICITY REGULATORY COMMISSION’S OPTION The controversy over the Enugu Elec tricity Regulatory Commission’s decision to lower the electricity rate charged within its domain by the Enugu Electricity Distribution Company, is a case in point. The reasoning that electricity distribution companies can charge the same rates across all 36 states in Nigeria is a myth. Effecting the Band ‘A’ …

ENUGU BUSINESS OWNERS CRY OVER TOTAL BLACKOUT IN COAL CITY Many business owners in some parts of Enugu State, on Friday, said the current total blackout in their areas had become a threat to their businesses. They therefore called on the government to intervene urgently. Emeka Onah owns a plastic crushing factory along Anglican Road at Nsukka. He stated that …