Write Archbishop of Canterbury Say Shell's Net-zero Carbon Emissions Proposal 'Misleading' 40 Civil Society Organisations based in Nigeria and around Africa have asked the Church of England to not endorse a climate and energy plan put forward by the global oil giant, Royal Dutch Shell which aims to achieve net-zero carbon emissions by 2050. Shell,…
Leading cryptocurrency, Bitcoin dropped to its lowest point in almost three weeks, Wednesday after Tesla CEO, Elon Musk said the electric-car company will discontinue accepting bitcoin as a form of payment due to environmental concerns. In a tweet on Wednesday, Musk said:“We are concerned about the rapidly increasing use of fossil fuels for Bitcoin mining and…
The Company Income Tax (CIT) sector of Nigeria has recorded a growth rate of 32.84%(year on year basis) in the first quarter of 2021, according to a report of the National Bureau of Statistics (NBS) Nigeria generated a total of N392.8 billion from the CIT in the Q1 2021. This accounted for a 32.84% increase…
...As War Looms Between Elon Musk And Telcos SpaceX, an American aerospace manufacturer and space transportation services company owned by world's richest man, Elon Musk, has further advanced its plans to establish Starlink, its satellite internet service in Nigeria, following the company's recent meeting with the Nigerian government. Before now, SpaceX has been in virtual…
To avoid using generators that run on fuel (fossil energy that emits CO2), Orange, is putting in place several initiatives such as solar panels. The multi-service operator is accelerating its solar projects in Africa and the Middle East to reduce its carbon footprint to zero by 2040. Across the entire region, many sites are not…
Deputy President of the Senate, Senator Ovie Omo-Agege, on Saturday restated President Muhammadu Buhari's commiment to ending the estimated billing syndrome in the nation’s power sector, which has continued to milk energy consumers dry. Senator Omo-Agege, who represents Delta Central Senatorial District made this known at the ground breaking ceremony of the Power Sub-Station in…
The suspended Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has reacted to allegations of looting the NPA's yearly remittance operating surplus to the tune of N165billion. According to Usman, the figures of the yearly remittance arrived at by the Minister of Transportation, Chibuike Rotimi Amaechi were inflated.…
The Federal Government has explained why President Muhammadu Buhari approved the suspension of the Managing Director (MD) and Chief Executive Officer (CEO) of the Nigerian Ports Authority (NPA), Hadiza Bala Usman. Usman, who was reappointed by Buhari as the MD/CEO of the NPA in January, was suspended on Thursday, few months into the new tenure.…
The Central Bank of Nigeria (CBN), has announced the extension of the deadline of the Naira4Dollar policy. According the apex bank, the policy is to continue till further notice. The policy rewards Nigerians with N5 for every $1 they receive through the licensed International Money Transfer Operators (IMTOs). The apex bank introduced the policy on…