NERC Mandates Discos to Increase Embedded Generation Capacity
The Nigerian Electricity Regulatory Commission (NERC) has ordered electricity Distribution Companies (Discos) to significantly increase their embedded generation capacity. This move is aimed at improving the reliability and efficiency of power supply across the country. Embedded generation, which involves producing electricity closer to the point of consumption, is seen as a key solution to the ongoing power challenges in Nigeria....
DBN to Host 5th Annual Lecture Series on MSMEs in Nigeria
The Development Bank of Nigeria (DBN) is set to host its fifth annual lecture series on September 25, 2024, at the Transcorp Hotel in Abuja. The event, themed “Empowering Nigerian MSMEs in a Challenging Global Landscape,” will bring together industry experts and stakeholders to discuss the critical challenges facing micro, small, and medium enterprises (MSMEs) in Nigeria and explore...
Brave Achievers to Host Re-Invent X, Africa’s First AI Training Summit
U.S.-based non-profit organization, Brave Achievers, is set to host the inaugural Re-Invent X, Africa's first artificial intelligence (AI) training summit, in Lagos this November. The three-day summit aims to bridge the tech skills gap by focusing on generative AI, machine learning, and AI-driven business models. By empowering Nigerians with cutting-edge technology knowledge, Re-Invent X seeks to unlock new economic opportunities...
Federal Government Launches Free CNG Conversion Initiative
The Federal Government has taken a significant step towards promoting cleaner energy and reducing fuel costs for Nigerians by launching a free Compressed Natural Gas (CNG) conversion initiative for commercial vehicles. The initiative, which was first implemented in Ibadan, Oyo State, and Zaria, Kaduna State, aims to convert petrol-powered commercial vehicles to CNG. By doing so, the government hopes to...
Minister Urges Architects to Embrace Sustainable Housing for a Greener Future
The Minister of Housing and Urban Development, Ahmed Dangiwa, has emphasized the importance of sustainable housing in achieving Sustainable Development Goal 11, which advocates for inclusive, resilient, and sustainable cities and communities. Speaking at the 2024 Archibuilt Exposition organized by the Nigerian Institute of Architects, Dangiwa urged professionals in the built environment to adopt green, sustainable, and climate-smart housing technologies....
NCC to Disconnect Unlinked SIM Cards Starting Today
Telecommunications operators are set to begin disconnecting mobile phone lines that have not been linked to National Identification Numbers (NINs), following the expiration of the September 14 deadline set by the Nigerian Communications Commission (NCC). The NCC had previously announced that all SIM cards without verified NINs would be deactivated starting September 15. While millions of lines were temporarily barred...
Sabistation Business Owners Awards Announces Stellar Jury for 2024 Edition
The Sabistation Business Owners Awards (SBOAwards) has unveiled its impressive lineup of judges for the 2024 edition. A diverse group of industry experts and leaders will come together to identify and celebrate outstanding entrepreneurs and businesses in Nigeria. Leading the jury is Kelechi Decca, a renowned economist and editor-in-chief of African Economy Magazine and Economy Nigeria. Joining Decca are distinguished...
AFMESI to Train 150 Professionals on Harnessing Blue Economy Potential
The African Marine Environment Sustainability Initiative (AFMESI) is set to host a two-day workshop in Lagos later this month to train 150 people on how to harness the potential of the blue economy. The workshop, themed "Achieving Blue Growth in a Changing Climate: Integrating the Coastal Communities," aims to empower early and mid-career groups in the maritime sector. Dr. Felicia...
Bank of Industry Donates Relief Materials to NEMA
The Bank of Industry (BOI) has demonstrated its commitment to corporate social responsibility by donating relief materials to the National Emergency Management Agency (NEMA). The donation aims to support vulnerable communities affected by recent challenges, including natural disasters and economic hardships. In a statement released on Tuesday, the Managing Director of BOI, Olasupo Olusi, emphasized the bank's dedication to promoting...
Accion Microfinance Bank Empowers Over 4,000 MSMEs in Ibadan
Accion Microfinance Bank has successfully empowered over 4,000 micro, small, and medium enterprises (MSMEs) in Ibadan, Oyo State, through a three-day market storm initiative. The market storm, held from September 2-4, aimed to bring Accion MFB's financial services directly to market traders in Dugbe, Agbaje, and Gbayi markets. The initiative provided convenient access to financial solutions, allowing traders to seamlessly...
