ENERGY Infrastructure News & Reports WORLDReport

The Economist Blames Shortage of Natural Gas and Wind for Hike in Price of Electricity in Europe

In Europe the cost of electricity is soaring. Prices had been rising steadily this year, as economic recoveries got under way. But they have spiked in the past few weeks. Since the start of September, wholesale power prices in Germany and France have climbed by 36% and 48%, respectively. They are now hovering at around …read more →

Banking and Finance News & Reports

Wigwe, Emefiele Honoured With Juris Law Award for Outstanding Contributions in Finance Sector

The Chairman, Body of Bank CEOs and Group Managing Director of Access Bank PLC, Herbert Wigwe, has been recognised for his outstanding contributions to Corporate Governance and Rule of Law in Nigeria’s Banking Industry. Wigwe was presented the Juris Law Award by Chief Justice of Nigeria, Ibrahim Tanko Muhammad at the 2021 Judges Workshop on …read more →

Infrastructure News & Reports Photo News Transportation

We’ll Complete Red, Blue Line Train Projects As Promised – Sanwo-Olu

The 2022 deadline set for the completion of the Lagos Rail Mass Transit (LRMT) projects being undertaken by the Lagos State Government remains sacrosanct, Governor Babajide Sanwo-Olu promised on Saturday. The Governor defied the rain for a physical assessment of the progress made in the construction of both Blue and Red Lines, inspecting the rail …read more →

Infrastructure News & Reports

Osinbajo Wants Nigerian Judiciary to Integrate Digital Technology in Court Infrastructure

The Nigerian judiciary must embrace technology and innovation for the evolution of the profession and national development, Vice President Yemi Osinbajo, has said. Osinbajo said this in a pre-recorded speech on Monday as guest speaker at the 2021 Annual Law Week of the Nigerian Bar Association (NBA) Lagos Branch, themed ‘Disruption, Innovation and The Bar.’ He said the judiciary must …read more →

News & Reports

Governor Zulum Raises Committee to Rebuild Abadam, Resettle IDPs, Refugees in Borno

Governor Babagana Umara Zulum of Borno State on Monday inaugurated a committee for the resettlement of the Internally Displaced Persons (IDPs) and refugees who are indigenes of Abadam Local Government Area to Malamfatori, the LGA’s headquarters. The governor expressed concern over the plight of many persons living in different IDP camps across the state. According …read more →

News & Reports Technology

Reps Approve Pay-Per-View, Price Reduction for Cable Satellite Operators

The House of Representatives has adopted pay-as-you-go and a price slash for DSTV and other cable satellite operators in the country. The House considered and approved recommendations of the Ad–hoc Committee on Non–Implementation of Pay–As–You–Go and sudden Increment of Tariffs plan by Broadcast Digital Satellite Service Providers. The Chairman of the Committee and member representing …read more →

Economy ENERGY News & Reports Trade and Investments

PIB Will Unlock Opportunities for Indigenous Companies – Oando Energy Boss

The Chief Operating Officer, Oando Energy Resources, ALEX Irune, has said that the passage of the Petroleum Industry Bill (PIB) will unlock several partnership opportunities for indigenous oil and gas companies. Irune made the assertion during a panel session at the ongoing Nigeria Oil and Gas (NOG) conference and exhibition on Wednesday in Abuja. The …read more →

Infrastructure News & Reports Power

Consumers Get 98,000 Free Meters from Ikeja Electric

Ikeja Electric Plc says it has installed prepaid meters in the premises of 98,000 customers under the National Mass Metering Programme (NMMP) of the Federal Government. Head, Corporate Communications, Ikeja Electric made the declaration when he spoke with journalists on Wednesday in Ikeja. He said that the figure showed that the company had covered more …read more →