Power Struggles: AEDC Cites Debt and Infrastructure Overload for Load Rejection
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Power Struggles: AEDC Cites Debt and Infrastructure Overload for Load Rejection

Bymajorwavesen

Power Struggles: AEDC Cites Debt and Infrastructure Overload for Load Rejection The Abuja Electricity Distribution Company (AEDC) has identified mounting customer debts and overburdened infrastructure as key reasons behind electricity load rejection by distribution companies (DisCos), a challenge contributing to persistent power outages. Chijioke Okuwuokenye, Acting Managing Director/CEO of AEDC, represented by Chief Operating Officer…

Dangote Seeks Billions to Bolster Crude Supply for Landmark Refinery

Dangote Seeks Billions to Bolster Crude Supply for Landmark Refinery

Bymajorwavesen

Dangote Seeks Billions to Bolster Crude Supply for Landmark Refinery Africa’s richest man, Aliko Dangote, is ramping up efforts to secure billions of dollars in funding to sustain crude oil supply for his $20 billion refinery near Lagos, Nigeria. According to the Financial Times, the industrialist is in talks with commercial banks, development institutions, oil…

Over 300 Youths benefit as NLNG begins Nigerian Content HCD Trainings

Over 300 Youths benefit as NLNG begins Nigerian Content HCD Trainings

Bymajorwavesen

Over 300 Youths benefit as NLNG begins Nigerian Content HCD Trainings NLNG, on Tuesday, in Port Harcourt, Rivers State, kicked off its Nigerian Content Human Capacity Development (NC-HCD) Basic Training Programme for the NLNG Train 7 Project, a major NC programme aimed at reskilling young graduates and developing human capital. A total of 331 young…

GOCOP Advocates Balanced Regulatory Framework for Nigeria’s Digital Content
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GOCOP Advocates Balanced Regulatory Framework for Nigeria’s Digital Content

Bymajorwavesen

GOCOP Advocates Balanced Regulatory Framework for Nigeria’s Digital Content The Guild of Corporate Online Publishers (GOCOP) has emphasized the need for a balanced regulatory framework to guide the production of digital content in Nigeria. This call was made by GOCOP’s Deputy General Secretary, Olumide Iyanda, during the opening ceremony of the 4th Peace Anyiam-Osigwe Nigeria…

Access Bank Earns Spot on Forbes 2024 World’s Best Employers List

Access Bank Earns Spot on Forbes 2024 World’s Best Employers List

Bymajorwavesen

Access Bank Earns Spot on Forbes 2024 World’s Best Employers List Access Bank PLC has achieved a significant milestone, being the only Nigerian company named on Forbes’ 2024 World’s Best Employers List. This recognition underscores the bank’s dedication to creating a workplace environment that champions employee empowerment, inclusivity, and gender equity. Among the 850 global…

Accugas Denies Responsibility for Akwa Ibom State Power Outage

Accugas Denies Responsibility for Akwa Ibom State Power Outage

Bymajorwavesen

Accugas Denies Responsibility for Akwa Ibom State Power Outage Accugas Limited, a subsidiary of Savannah Energy, has firmly refuted claims suggesting its involvement in the ongoing power outage affecting Akwa Ibom State. In a statement, the company attributed the power disruption to a fault in the 132-KV Aba-Itu transmission line, which is hindering the flow…

UTM FLNG Limited to Supply 500,000 Tonnes of LPG Annually to Nigeria’s Domestic Market
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UTM FLNG Limited to Supply 500,000 Tonnes of LPG Annually to Nigeria’s Domestic Market

Bymajorwavesen

UTM FLNG Limited to Supply 500,000 Tonnes of LPG Annually to Nigeria’s Domestic Market UTM Floating LNG Limited is set to revolutionize Nigeria’s liquefied petroleum gas (LPG) market with an annual production capacity of 500,000 tonnes, beginning in 2028. The announcement was made by the Group Managing Director/CEO, Dr. Julius Rone, during the Africa Energy…

NNPC Ltd Hits 1.8 Million Barrels Daily, Targets 2 Million by Year-End

NNPC Ltd Hits 1.8 Million Barrels Daily, Targets 2 Million by Year-End

Bymajorwavesen

NNPC Ltd Hits 1.8 Million Barrels Daily, Targets 2 Million by Year-End The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced a significant milestone in crude oil and gas production, achieving 1.8 million barrels per day (mbpd) of crude oil and 7.4 billion standard cubic feet per day (scfd) of gas. This achievement aligns…

Access Bank Hosts 2024 French Business Forum, Strengthening Nigeria-France Trade Relations

Access Bank Hosts 2024 French Business Forum, Strengthening Nigeria-France Trade Relations

Bymajorwavesen

Access Bank Hosts 2024 French Business Forum, Strengthening Nigeria-France Trade Relations Access Bank PLC has taken a pivotal step in fostering international trade partnerships by hosting the 2024 French Week Business Forum at its Lagos headquarters. The forum, which marked the opening of the annual French Week celebration, underscored Access Bank’s role in advancing economic…

Access Bank (UK) Limited to Acquire Majority Stake in AfrAsia Bank, Expanding Pan-African Presence

Access Bank (UK) Limited to Acquire Majority Stake in AfrAsia Bank, Expanding Pan-African Presence

Bymajorwavesen

Access Bank (UK) Limited to Acquire Majority Stake in AfrAsia Bank, Expanding Pan-African Presence In a landmark move, Access Holdings PLC has announced that its subsidiary, The Access Bank UK Limited, has entered into a binding agreement to acquire a majority equity stake in AfrAsia Bank Limited, Mauritius’ third-largest bank by total assets. This acquisition…