NERC Fines Ibadan DISCO N50 Million for Misuse of CBN Loan

[This Day] Abuja -For allegedly giving out a loan worth N6 billion from the N11.367 billion it received from the Nigeria Electricity Market Stabilisation Fund (NEMSF) granted by the Central Bank of Nigeria (CBN) to its core investor group, the Nigerian…

[This Day] Abuja -For allegedly giving out a loan worth N6 billion from the N11.367 billion it received from the Nigeria Electricity Market Stabilisation Fund (NEMSF) granted by the Central Bank of Nigeria (CBN) to its core investor group, the Nigerian Electricity Regulatory Commission (NERC) has levied a fine of N50 million on the Ibadan electricity distribution company (Disco).

source: AllAfrica News: Nigeria

NNPC Invites Investors to Partake in Oil Search in Seven Inland Basins

[This Day] Abuja -The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it would invite investors to participate in its search for oil in seven inland basins of Nigeria, and was developing modalities for this.

[This Day] Abuja -The Nigerian National Petroleum Corporation (NNPC) yesterday disclosed that it would invite investors to participate in its search for oil in seven inland basins of Nigeria, and was developing modalities for this.

source: AllAfrica News: Nigeria

NNPC – I Did Not Approve Contracts but Loans, Says Osinbajo

[This Day] Abuja and Owerri -Vice-President Yemi Osinbajo Thursday broke his silence on the notion that President Muhammadu Buhari approved the financing loans for the Nigerian National Petroleum Corporation (NNPC) when the president was receiving trea…

[This Day] Abuja and Owerri -Vice-President Yemi Osinbajo Thursday broke his silence on the notion that President Muhammadu Buhari approved the financing loans for the Nigerian National Petroleum Corporation (NNPC) when the president was receiving treatment in the United Kingdom and had handed over power to him as acting president, stating that he (Osinbajo) indeed gave approval to the joint venture financing loans in accordance with laid down procedure, but he did not approve contracts.

source: AllAfrica News: Nigeria

Nirsal, Moroccan Firms Sign Agreement to Expand Agric Insurance

[This Day] Abuja -The Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has signed a partnership agreement with two leading Moroccan agricultural insurance and re-insurance companies, Mutuelle Agricole Marocaine D’Assura…

[This Day] Abuja -The Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL Plc) has signed a partnership agreement with two leading Moroccan agricultural insurance and re-insurance companies, Mutuelle Agricole Marocaine D'Assurances (MAMDA) and MAMDA Reassurance respectively to expand the range of agricultural insurance products and coverage in Nigeria.

source: AllAfrica News: Nigeria

FRSC Personalises Number Plates, Recover 75 Stolen Vehicles – Oyeyemi

[This Day] The Corps Marshal of the Federal Road Safety Corps (FRSC) has said that owners of the new vehicle number plates will keep them for life, while those who bought from the second hand market will process their own number plates.

[This Day] The Corps Marshal of the Federal Road Safety Corps (FRSC) has said that owners of the new vehicle number plates will keep them for life, while those who bought from the second hand market will process their own number plates.

source: AllAfrica News: Nigeria

Govt to Review Power Sector Privatisation

[This Day] Abuja -The federal government disclosed Thursday that it is considering a review of the power sector privatisation, commencing with the 11 electricity distribution companies (Discos) in the country.

[This Day] Abuja -The federal government disclosed Thursday that it is considering a review of the power sector privatisation, commencing with the 11 electricity distribution companies (Discos) in the country.

source: AllAfrica News: Nigeria

Kenya Enjoying Impact of Digital Innovation

[CAJ News] Nairobi -AN expert is encouraged at the uptake of digital innovation in Kenya, among other East African countries. Gilbert Saggia, the Managing Director: East Africa at SAP Africa, pointed out Kenya has made a significant progress in areas l…

[CAJ News] Nairobi -AN expert is encouraged at the uptake of digital innovation in Kenya, among other East African countries. Gilbert Saggia, the Managing Director: East Africa at SAP Africa, pointed out Kenya has made a significant progress in areas like cloud adoption, which were beneficial to the economy. "Kenya, and East Africa in general, is enjoying the positive impact of digital innovation," Saggia said. He said for example, companies like Kenya Electricity Transmission Company had automated their business processes by

source: AllAfrica News: Kenya

UN Chief Guterres Welcomes Peaceful Elections in Liberia

[UN News] United Nations Secretary-General António Guterres has welcomed Tuesday’s peaceful holding of the presidential and House of Representatives elections in Liberia and reiterated the continued support of the UN to the consolidation of peace and democracy in the West African country.

[UN News] United Nations Secretary-General António Guterres has welcomed Tuesday's peaceful holding of the presidential and House of Representatives elections in Liberia and reiterated the continued support of the UN to the consolidation of peace and democracy in the West African country.

source: AllAfrica News: Liberia