Accounts Closure: 57.96 million BVN Issued in H2, 2023 - NIBSS The total number of issued Bank Verification Numbers rose to 57.96 million as of July 3, 2023, according to data obtained from the Nigeria Inter-Bank Settlement System Plc. This was as the Central Bank of...

Power Sector Gas Debt Rises to $1bn - NGA A new gas pricing template for the power sector and gas-based industries has been developed and currently awaits the approval of President Bola Tinubu, the Nigerian Midstream, and Downstream Petroleum Regulatory Authority announced on Wednesday. It was...

Power: IBEDC to Upgrade Metering System, Meet Global Standard  The Management of Ibadan Electricity Distribution Company has announced an upcoming upgrade for its Standard Transfer Specification prepaid meters to enhance efficiency and align with global standards. The upgrade, known as Token Identification Rollover, aims to ensure...

'Dangote Still Africa’s Richest For 12th Year'   For the 12th year consecutively, Aliko Dangote, President of pan-African conglomerate, the Dangote Group has emerged the richest man in Africa, despite economic headwinds that affected the fortunes of half of the world’s reported billionaires. Dangote, whose business flagship,...

FG Says Autogas Adoption Will Save N1.84trn – FG   The switch from the use of Premium Motor Spirit, popularly called petrol, to autogas will save about N1.84tn monthly for commercial vehicle operators in Nigeria, the Federal Government has said. It disclosed this in a document put...

NNPCL Not Receiving Payments For Gas, Power Supplies – Kyari   The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday said it is not getting payments for the supply of gas and power. It said it was one of the reasons why energy was not readily available...