SECTOR INSIGHT

Abuja and Kogi Hit by Blackout Following Power Station Collapse

Power outages are currently affecting some residents of the Federal Capital Territory, Abuja, and certain areas in Kogi State due to technical issues. These regions are within the service area of the Abuja Electricity Distribution Company. A technical fault on the 33kv feeder k6…

20/03/2024 0Comments

Zenith Bank Appoints Adaora Umeoji As Its First Female GMD/CEO

Zenith Bank has named Adaora Umeoji as its first female Group Managing Director/Chief Executive. Her appointment, subject to the approval of the Central Bank of Nigeria, takes effect from June 1, 2024, according to the bank. “She takes over from Dr. Ebenezer Onyeagwu, whose…

20/03/2024 0Comments

Voice, Data Services Restored After Undersea Cable Cuts – NCC

The Nigerian Communications Commission (NCC) says voice and data services affected by undersea cable cuts along the Cote d’Ivoire and Senegal coasts have been restored. In a Monday statement, the NCC Director of Public Affairs, Rueben Muoka, said that services have now been…

19/03/2024 0Comments

CBN to Dismiss 19 Directors, Gives Reason

Nineteen directors at the Central Bank of Nigeria (CBN) are set to be dismissed in the coming days, following the recent termination of seven directors last Friday. While two of the terminated directors have accepted their fate, the other five are planning to…

19/03/2024 0Comments

NDPC Investigates Alleged Privacy Breach At NIMC

The National Commissioner, Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, has ordered a full-scale investigation in respect of allegations of unauthorised access to personal data of enrollees in the database of National Identity Management Commission (NIMC). The investigation is a further regulatory…

18/03/2024 0Comments

DMO Denies Appointment of Eurobond Transaction Advisers

The Debt Management Office has faulted recent news reports suggesting the appointment of transaction advisers for a potential Eurobond issuance. The DMO made its position known in statement made available to press on Friday. It was earlier reported that the Federal Government has enlisted…

18/03/2024 0Comments

Fertiliser Donation Not Direct Intervention – CBN

The Central Bank of Nigeria has said that it has not introduced a new intervention as a result of the fertiliser it donated to farmers recently. The CBN donated the fertilisers through the Ministry of Agriculture and Food Security. The apex bank disclosed this in a…

17/03/2024 0Comments

CAC, NFIU Strengthen Collaboration Against Illicit Funds

The Corporate Affairs Commission has pledged to strengthen its relationship with the Nigeria Financial Intelligence Unit to ensure Nigeria exits the Financial Action Task Force’s grey list. The Registrar-General and Chief Executive Officer of the CAC, Ishaq Magaji, stated this on Friday while…

17/03/2024 0Comments

Submarine Cable Repairs May Last Five Weeks – MainOne

MainOne, a leading provider of submarine cable systems, has revealed that the repair process for its damaged submarine cable may take up to five weeks. The company disclosed this in a statement on Friday following a fault experienced on its network on Thursday. Preliminary…

16/03/2024 0Comments

Subsea Cable Cut: Operators Working to Restore Connectivity — NCC

The Nigeria Communications Commission has assured that cable operators are actively working to restore connectivity following the submarine cable cuts, which have left several African internet service providers with severe outages. The Director, Public Affairs, of NCC, Reuben Muoka, disclosed this in a…

16/03/2024 0Comments

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