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Interswitch named as partner of 2024 Innovate AI Conference

Interswitch named as partner of 2024 Innovate AI Conference

One of Africa’s leading digital payment and commerce companies, Interswitch, has been announced as a partner of the Innovate AI Conference scheduled to take place on February 23 and 24, 2024, on Victoria Island, Lagos.…

Lessons from the Bank of America data breach

Lessons from the Bank of America data breach

The recent data breach at Bank of America, caused by a supply chain hack, serves as a stark reminder of the ever-growing threat of cyberattacks. This incident has raised serious concerns about the vulnerability of…

Power: Proffering solutions to incessant grid collapse

Power: Proffering solutions to incessant grid collapse

The collapse of the nation grid by 11.21am penultimate Sunday, (February 04, 2024), which is the first this year, has revived the urgent need to address power epilepsy and causative factors in Nigeria. General Manager,…

TotalEnergies to sell minority share in Nigerian onshore oil joint venture

TotalEnergies to sell minority share in Nigerian onshore oil joint venture

The Chief Executive Officer, TotalEnergies, Patrick Pouyanne, has said that the company plans to sell its minority share in a major Nigerian onshore oil joint venture, following Shell’s announcement of planned divestment in January. He…

TCN to prudently finance the impleIkeja Electric bags IMS recertification

TCN to prudently finance the impleIkeja Electric bags IMS recertification

The Ikeja Electric’s Integrated Management System (IMS) had been recertified after an intensive review of its policies, processes and procedures. A statement yesterday by the Head, Corporate Communications, Ikeja Electric Plc, Mr Kingsley Okotie, also…

NERC approves N210.14bn for TCN

NERC approves N210.14bn for TCN

The Nigerian Electricity Regulatory Commission, NERC, has disclosed that it has approved N210.14 billion for the Transmission Company of Nigeria, (TCN), as the revenue requirement for 2024. NERC, in the order, explained that the N210.14…

Gas: $1.3bn debt stalling growth in sector –OPTS

Gas: $1.3bn debt stalling growth in sector –OPTS

A leader of the Oil Producers Trade Section, (OPTS), Osagie Okunbor, has said that gas producers are currently owed $1.3bn. He said that this was hampering investments in the sector, adding that it should be…

Adelabu Hails Foreign Partners For Supporting Power Sector

Adelabu Hails Foreign Partners For Supporting Power Sector

The Federal Government through the Minister of Power, Adebayo Adelabu on Friday commended the foreign development partners for their assistance to the industry. The Minister in a statement issued by his Special Adviser On Strategic…

Adelabu Speaks On Epileptic Power Supply

Adelabu Speaks On Epileptic Power Supply

In the wake of a recent massive blackout in Nigeria, the Federal Government through the Ministry of Power has said that it is aiming to provide its citizens with a reliable power supply. The Minister…

Electricity Subsidy: Federal Govt spent over N5trn in 10 years –NERC

Electricity Subsidy: Federal Govt spent over N5trn in 10 years –NERC

The Federal Government has spent over N5 trillion in the last 10 years for electricity subsidy, the Nigerian Electricity Regulatory Commission (NERC) has said. According to a report from NERC seen by New Telegraph, the…