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Technology News

NCC Launches Application for Talent Hunt Research

The Nigerian Communications Commission (NCC) has launched applications for the third edition of its Talent Hunt Research through Hackathon. NCC’s Director, Public Affairs, Reuben Muoka, disclosed this in a statement on Monday in Abuja. Muoka said this was part of giving expression to its Strategic Vision Plan 2023-2025, to encourage the development of new technologies and indigenous content through cutting-edge research. He said that the commission had invited Tech Hubs, […]

today09/18/2023

Technology News

Google Lists Naira as Payment Option on Play Store

Technology firm, Google has listed Nigerian currency, Naira, as one of the currencies to be used for payment on its Play Store. This is the outcome of its partnership with Verve, which aim is to make digital transactions on Google Play Store easier for Nigerians. According to the firm, Nigerians can now use their Verve cards to make purchases on the Google Play Store. It stated that under its new […]

today07/27/2023 2

Technology News

NERC Discloses Distribution Companies for Tariff Increment

The Nigerian Electricity Regulatory Commission, NERC, has disclosed that the 11 electricity distribution companies (DisCos) have applied for tariff increments. This was revealed in a notice posted on the commission website on Friday. NERC, in the notice, called on stakeholders, Nigerians, to comment on the rate review applications by the DisCos. Meanwhile ,NERC said the tariff review is coming on the heels of the need to reflect the macroeconomic parameters […]

today07/17/2023

Technology News

5G Technology to Increase SME

The adoption of 5G technology has been projected to increase efficiencies of Small and Medium Enterprises (SME) and large scale industries across various verticals in Nigeria. The General Manager, Fixed Broadband, MTN Nigeria communications, Onyinye Ikenna-Emeka said this at the Nigerian-British Chamber of Commerce (NBCC) Thought Leadership Programme on Tuesday in Lagos. According to Ikenna-Emeka, the journey from 1G to 5G showcases humanity’s relentless pursuit of technological advancement and underscores […]

today06/20/2023 2

Technology News

EEDC Gives Reason for Power Outage

Enugu Electricity Distribution Company Plc (EEDC) has attributed the power outage currently being experienced in parts of the South-East to a rainstorm that occurred on Sunday which damaged some of its facilities. EEDCs' Head of Corporate Communications, Emeka Ezeh, in a statement on Monday, disclosed that the situation resulted in faults occasioned by fallen trees and a high rate of broken high and low tension poles. Ezeh added that the […]

today05/30/2023 7

Technology News

FG Commence Disconnection of Some Power Firms for Non-adherence to Rules

The Federal Government has commenced the disconnection of some power firms from the national grid as a result of their non-adherence to the Electricity Market Rules. According to the Federal Government, these rules were sacrosanct and must be complied with by all existing or new players in the sector. The government noted that the Nigeria Electricity Supply Industry was governed by rules, which were absolutely necessary for the viability and […]

today04/26/2023 8

Business

5G and 4G Rollout Improves Foreign Investment

Increased 5G rollout and 4G has improved foreign investments into the telecommunications sector by 325.12 per cent in 2022. The capital importation data from the National Bureau of Statistics showed that telecoms attracted $456.82m in 2022, compared to $107.46m that was attracted in 2021. This is as the sector continued to retain its foreign investment appeal despite the country’s challenging economic environment.

today04/11/2023 6

Business

FG to Revive Shut-in Crude Oil Wells in Niger Delta

In a bid to produce at least 2.1 million barrels of oil daily, the Federal Government is reviving shut-in crude oil wells from various drilling facilities in the Niger Delta. According to data from the Nigerian Upstream Petroleum Regulatory Commission, about 900,000 barrels of oil per day could be produced from quick interventions on the shut-in wells, while the medium and long-term initiatives could add 1.2 million barrels of oil […]

today02/22/2023 10

Business

Buhari States; Proposed 40 MVA Substation in Akwa Ibom Would Strengthen National Grid

President Muhammadu Buhari has said that the proposed 40 MVA substation in Akwa Ibom State would strengthen the national grid by increasing its wheeling capacity to 25, 000MW by the year 2025. Buhari stated this while performing the ground breaking ceremony for the construction of the substation estimated to cost over N6.8 billion. He added that the project would improve service delivery and increase capacity to supply power to the people of […]

today02/21/2023 5

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