Lagos, Nigeria – The Federal Competition and Consumer Protection Commission (FCCPC) has issued a stern warning to Ikeja and Eko electricity distribution companies (IKEDC and EKEDC) regarding their planned replacement of Unistar meters. The commission cautioned that any attempt to proceed in defiance of FCCPC’s order will attract severe penalties, underscoring its commitment to protecting…
Abuja, Nigeria – Nigeria is pursuing a $5 billion trade facility from Saudi Arabia as part of its economic reform agenda, following discussions between President Bola Tinubu and Saudi Crown Prince Mohammed bin Salman in Riyadh during the joint Arab-Islamic Summit. The Presidency announced this potential deal, though specific terms and allocations are still under…
Calabar, Cross River State – The Port Harcourt Electricity Distribution Plc (PHED) has attributed the power outage in Calabar, Cross River State capital, to a heavy wind storm. Converseer reports that there was torrential rain with heavy wind and thunderstorms on Saturday night and Sunday morning that wreaked havoc in Calabar, destroying properties worth millions…
Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward. This upgrade follows a recent comprehensive technology enhancement. The bank expressed its heartfelt gratitude to customers for their support and patience throughout the upgrade…
Abuja, Nigeria – The Transmission Company of Nigeria (TCN) announced today that a significant disturbance on the national grid caused a temporary power disruption across the country. The event, which occurred at approximately 11:29 AM, was triggered by an unexpected frequency spike, with levels rising from 50.33Hz to 51.44Hz. This unusual fluctuation forced the shutdown…
