Category: Business News
Business News
$1.1bn Malabu oil scandal: Prosecutors want Nigerian ‘super witness’ to testify in Italy
Italian prosecutors have been asked to produce a Nigerian ‘super witness’ who is a retired Assistant Inspector-General of Police, Isaac Eke, in the ongoing probe of the $1.1bn Malabu oil scandal. The Palace of Justice in Milan, Italy, during the week told prosecutors to make the key witness appear before it by January 29, 2020,…
NERC releases electricity firms’ 2019 Quarterly Report
The Nigerian Electricity Regulation Commission (NERC), on Saturday, said Eko Electricity Distribution Company (EKEDC) recorded the highest remittance efficiency of 43.3 per cent in the second quarter of 2019. The Second Quarter Report was obtained by the News Agency of Nigeria (NAN) in Lagos from the website of NERC. NERC also said Jos and Kaduna…
Swiss-Mauritian collaboration will boost Mauritius’ position as blockchain hub for Africa
Investment company Crypto Valley Venture Capital (CV VC) visits Mauritius as part of a delegation led by the Swiss Blockchain Federation and organised by the Swiss Embassy to build ‘blockchain bridges’. Investment company Crypto Valley Venture Capital (CV VC) has visited Mauritius as part of a delegation led by the Swiss Blockchain Federation and organised…
Power investors, experts brainstorm as Regional Energy Summit begins in Dakar
By Oke Peter The 4th annual Regional Energy Summit: West Africa (RES: West Africa) begins today in Dakar, Senegal. The event will bring together over 300 investors, project leaders and utilities stakeholders to engage and present the latest developments on enhancing the energy mix within West Africa. The event will hold from 2-3 December 2019…
Schneider Electric, NAPTIN conclude training for electricians, pursue gender inclusion
Nigeria’s power management giant, Schneider Electric in partnership with the National Power Training Institute (NAPTIN) and the French Development Agency has concluded the second round of its training programme for electricians in Lagos. The second round of the training, which commenced September 3rd, rounded off on the 26th of November, 2019. Schneider Electric and NAPTIN…
Damilola Ogunbiyi announced as new CEO of Sustainable Energy for All
Sustainable Energy for All (SEforALL) has today announced that Damilola Ogunbiyi, current Managing Director of the Nigerian Rural Electrification Agency (REA), has been selected as the organization’s new Chief Executive Officer (CEO). The news followed United Nations (UN) Secretary-General António Guterres announcing the appointment of Ogunbiyi as his Special Representative for Sustainable Energy for All and Co-Chair of…
Dangote Refinery empowers 200 youths in host community through skills acquisition
The programme marks another level of Dangote Petroleum Refinery’s intervention as it is targeted at providing vocational skills to the teeming youth population About 200 youths from Ibeju-Lekki community in Lagos State have graduated from various skills acquisition programme organised by Dangote Petroleum Refinery as a way of transforming society and providing employment opportunities for…
Schneider Electric is setting new standards in innovation
Schneider Electric has unveiled new integrated energy solutions for the next generation across multiple market segments at the Innovation Day Lagos 2019 event held on the 10th of October 2019 at Lagos Continental Hotel, VI Lagos. In his opening remarks, the Managing Director Schneider Electric, Mr. Christophe Begat underscored the company’s interest in innovations for…
Nigeria’s inefficient ports delayed Dangote refinery —Experts
Inefficient ports have hampered the progress of what will be Africa’s largest oil refinery Aliko Dangote, who first announced his plans for a new oil refinery in Nigeria in late 2013, is battling against conditions at Nigeria’s ports to avoid further delays. Initially planned to start production in 2016, the refinery deadline slipped to the…
Mauritius Africa FinTech Hub announces results of FinTech Ecosystem Mapping Survey on its first anniversary
After a fruitful year of community building, exciting member sign-ups, many learnings, great events and shared success, the Mauritius Africa FinTech Hub (MAFH) celebrated its first anniversary on October 3, 2019 at the Cerne Docks Warehouse, Port Louis. Since its launch, MAFH has engaged with multiple stakeholders in the FinTech industry, including financial institutions, Venture…