By Oke Peter Director-General of the Nigerian-American Chamber of Commerce, Mrs. Joyce Akpata has advised entrepreneurs in the country to build business that will outlive them, nothing that creating a gap between business and personal interest will make the business sustainable. Akpata gave the charge in her lecture entitled: ‘Creating the right structure in building…
Schneider Electric in partnership with PowerForAll and Rockefeller Foundation earlier this week in Abuja launched a campaign to develop human capital towards curbing a widening unemployment gap in the power sector. The powering jobs campaign became a necessary sequel to a recent study by PowerForAll which revealed that there is an urgent need to develop…
The Germany Africa Business Forum (GABF) brings together Africa’s foremost executives with German companies, investors and innovators with the aim of driving change The Germany Africa Business Forum (GABF), whose goal is to strengthen investment ties between Germany and Africa, announced it has, in collaboration with private partners from the energy industry, launched a multi-million…
Crowdfunding has taken off globally and has recently begun to gain traction in Africa in particular, because of the opportunities it gives individuals or businesses looking to raise awareness and funds for their innovative ideas and products. On that note, the African Crowdfunding Platform Event was held in Mauritius on Monday 22 July 2019 at…
Kenya has unveiled Africa’s largest wind power plant with plans to go 100 percent green energy by 2020. President Uhuru Kenyatta disclosed this on at the unveiling ceremony of the wind power plant on Friday. The project, according to President Kenyatta, will position the East African economic powerhouse on the pathway to becoming a global…
Being a text of an address delivered by President Muhammadu Buhari at the meeting with the President/ Chief Executive Officer, Siemens AG, Mr Joe Kaeser at the State House, on Monday, 22nd July, 2019. Thank you all for coming today and for the roles you have all played in planning what we hope will be…
By Oke Peter The Nigerian National Petroleum Corporation, (NNPC), Sunday, announced a trading surplus of N6.33 billion for the month of May 2019. In a statement on its Monthly Financial and Operations Report for May 2019, the NNPC disclosed that the trading surplus recorded in the month under review, represented an improvement of 13 percent…
Electricity customers in Obawole, Fagba and environs of Iju, in Ifako-Ijaiye Local Government Area of Lagos State have started experiencing a vast improvement in power supply, with the commissioning of the Obawole 15MVA transformer Injection Substation by Ikeja Electric Plc (IE). The Injection Substation, which was commissioned last Friday, would provide residents with the availability…
The industrial take-off required to support the much-needed economic diversification remains elusive. A principal reason is Nigeria’s structural deficit, in which the epileptic power supplies form a major part. Industry sources suggest that businesses suffer an average monthly power outage of 239 hours (equivalent to about two weeks). As such, self-generation and the associated costs…
The Transmission Company of Nigeria (TCN), said it was targeting to raise the transmission wheeling capacity to 10,000 megawatts (MW) from the present 8,100MW by reconductoring seven critical transmission lines in the country. The Managing Director/CEO, Mr. Usman Gur Mohammed who gave this indication at a quarterly press conference recently in Abuja, said this was…
