Sectors Archives - Nairametrics https://nairametrics.com/category/industries/ Destination for Business news and analysis from Africa's largest economy Sat, 15 Jun 2024 06:30:50 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 https://nairametrics.com/wp-content/uploads/2021/08/cropped-cropped-favicon-1.png?resize=75,75 Sectors Archives - Nairametrics https://nairametrics.com/category/industries/ 32 32 201037849 Lagos State allocates N1bn Seed Fund for Startups  https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/ https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/#respond Sat, 15 Jun 2024 06:30:50 +0000 https://nairametrics.com/?p=491297 The Lagos State government under the leadership of Governor Babajide Sanwo-Olu of Lagos State has allocated N1 billion as a seed fund for startups to the Lagos State Science, Research, and Innovation Council (LASRIC). 

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]]> https://nairametrics.com/2024/06/15/lagos-state-allocates-n1bn-seed-fund-for-startups/feed/ 0 491297 French Embassy launches €753,000 plastic waste management project in 13 Nigerian universities https://nairametrics.com/2024/06/14/french-embassy-launches-e753000-plastic-waste-management-project-in-13-nigerian-universities/ https://nairametrics.com/2024/06/14/french-embassy-launches-e753000-plastic-waste-management-project-in-13-nigerian-universities/#respond Fri, 14 Jun 2024 14:00:44 +0000 https://nairametrics.com/?p=491283 French Embassy in Nigeria, through its Cooperation and Cultural Department, has launched a plastic waste management project worth €753,000 to be executed in 13 Nigerian universities.

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]]> https://nairametrics.com/2024/06/14/french-embassy-launches-e753000-plastic-waste-management-project-in-13-nigerian-universities/feed/ 0 491283 Nigerian convicted for $1.5 million Business Email Compromise scheme in U.S. https://nairametrics.com/2024/06/14/nigerian-convicted-for-1-5-million-business-email-compromise-scheme-in-u-s/ https://nairametrics.com/2024/06/14/nigerian-convicted-for-1-5-million-business-email-compromise-scheme-in-u-s/#respond Fri, 14 Jun 2024 12:46:50 +0000 https://nairametrics.com/?p=491273 Umeti, 35, and his co-conspirators sent victims businesses phishing emails, which were made to appear as though they originated from trusted senders, such as a bank or a vendor.

The post Nigerian convicted for $1.5 million Business Email Compromise scheme in U.S. appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/14/nigerian-convicted-for-1-5-million-business-email-compromise-scheme-in-u-s/feed/ 0 491273 Nigerian Court discharges Tigran Gambaryan, Nadeem from FIRS tax evasion case against Binance  https://nairametrics.com/2024/06/14/nigerian-court-discharges-tigran-gambaryan-nadeem-from-firs-tax-evasion-case-against-binance/ https://nairametrics.com/2024/06/14/nigerian-court-discharges-tigran-gambaryan-nadeem-from-firs-tax-evasion-case-against-binance/#respond Fri, 14 Jun 2024 12:22:43 +0000 https://nairametrics.com/?p=491269 The Federal High Court on Friday discharged Tigran Gambaryan, a 39-year-old American, and fleeing Nadeem Anjarwalla from the  Federal Inland Revenue Service (FIRS) tax evasion case against the cryptocurrency exchange platform, Binance. 

The post Nigerian Court discharges Tigran Gambaryan, Nadeem from FIRS tax evasion case against Binance  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/14/nigerian-court-discharges-tigran-gambaryan-nadeem-from-firs-tax-evasion-case-against-binance/feed/ 0 491269 Ghana’s electricity company announces three weeks power cut due to shortage gas supply from Nigeria https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/ https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/#respond Fri, 14 Jun 2024 11:41:38 +0000 https://nairametrics.com/?p=491265 Ghana's state-owned electricity company has announced a three-week power interruption due to reduced gas supply from Nigeria.

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]]> https://nairametrics.com/2024/06/14/ghanas-electricity-company-announces-three-weeks-power-cut-due-to-shortage-gas-supply-from-nigeria/feed/ 0 491265 Meta trims Lagos office space after layoffs https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/ https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/#respond Fri, 14 Jun 2024 10:30:35 +0000 https://nairametrics.com/?p=491254 Meta, the company behind Facebook, Instagram, and WhatsApp, is trimming down its office space in Lagos.

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]]> https://nairametrics.com/2024/06/14/meta-trims-lagos-office-space-after-layoffs/feed/ 0 491254 ICAN threatens to nullify practice licenses of defaulting accountants https://nairametrics.com/2024/06/14/ican-threatens-to-nullify-practice-licenses-of-defaulting-accountants/ https://nairametrics.com/2024/06/14/ican-threatens-to-nullify-practice-licenses-of-defaulting-accountants/#respond Fri, 14 Jun 2024 09:29:08 +0000 https://nairametrics.com/?p=491244 The Institute of Chartered Accountants of Nigeria (ICAN) has issued a stern warning to its Members-In-Practice (MsIP) regarding the use of invalidated or untenured practice licenses.

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]]> https://nairametrics.com/2024/06/14/ican-threatens-to-nullify-practice-licenses-of-defaulting-accountants/feed/ 0 491244 Multichoice Group has an account balance of N31.6 billion with Heritage Bank   https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/ https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/#respond Fri, 14 Jun 2024 09:17:10 +0000 https://nairametrics.com/?p=491246 Multichoice Group, owners of DSTV, had an account balance of N31.6 billion with Heritage Bank, before the bank’s liquidation.  

The post Multichoice Group has an account balance of N31.6 billion with Heritage Bank   appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/14/multichoice-group-has-an-account-balance-of-n31-6-billion-with-heritage-bank/feed/ 0 491246 LASG to expand pipeline network at Lekki Industrial Complex to reduce road freight traffic  https://nairametrics.com/2024/06/14/lasg-to-expand-pipeline-network-at-lekki-industrial-complex-to-reduce-road-freight-traffic/ https://nairametrics.com/2024/06/14/lasg-to-expand-pipeline-network-at-lekki-industrial-complex-to-reduce-road-freight-traffic/#respond Fri, 14 Jun 2024 06:04:38 +0000 https://nairametrics.com/?p=491229 The Lagos State Government has announced plans to expand the pipeline network at the Lekki Industrial Complex, aiming to significantly reduce road freight traffic.  

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]]> https://nairametrics.com/2024/06/14/lasg-to-expand-pipeline-network-at-lekki-industrial-complex-to-reduce-road-freight-traffic/feed/ 0 491229 Amazon to invest $230 million in generative AI startups globally  https://nairametrics.com/2024/06/14/amazon-to-invest-230-million-in-generative-ai-startups-globally/ https://nairametrics.com/2024/06/14/amazon-to-invest-230-million-in-generative-ai-startups-globally/#respond Fri, 14 Jun 2024 05:56:12 +0000 https://nairametrics.com/?p=491228 Tech giant, Amazon Web Service (AWS) has announced a $230 million fund for startups globally to accelerate the creation of generative AI applications. 

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]]> https://nairametrics.com/2024/06/14/amazon-to-invest-230-million-in-generative-ai-startups-globally/feed/ 0 491228 FAAC: Supreme Court reserves judgment in Tinubu’s dispute with governors over 21% LGA allocations, others https://nairametrics.com/2024/06/13/faac-supreme-court-reserves-judgment-in-tinubus-dispute-with-governors-over-21-lga-allocations-others/ https://nairametrics.com/2024/06/13/faac-supreme-court-reserves-judgment-in-tinubus-dispute-with-governors-over-21-lga-allocations-others/#respond Thu, 13 Jun 2024 17:16:50 +0000 https://nairametrics.com/?p=491201 The Supreme Court of Nigeria has reserved judgment in federal government's suit which seeks to stop the governors of  36 states from spending or tampering with 20.6% allocation from the federation account to local government areas, among other reliefs.

The post FAAC: Supreme Court reserves judgment in Tinubu’s dispute with governors over 21% LGA allocations, others appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/faac-supreme-court-reserves-judgment-in-tinubus-dispute-with-governors-over-21-lga-allocations-others/feed/ 0 491201 ICPC arraigns two REA officials over N426 million ‘fraud’ in agency https://nairametrics.com/2024/06/13/icpc-arraigns-two-rea-officials-over-n426-million-fraud-in-agency/ https://nairametrics.com/2024/06/13/icpc-arraigns-two-rea-officials-over-n426-million-fraud-in-agency/#respond Thu, 13 Jun 2024 17:11:29 +0000 https://nairametrics.com/?p=491199 Two REA officials have been remanded after taking their plea in a rural electrification supervision fraud case by the ICPC.

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]]> https://nairametrics.com/2024/06/13/icpc-arraigns-two-rea-officials-over-n426-million-fraud-in-agency/feed/ 0 491199 Abuja Disco adds 45 new feeders to Band A majorly in Asokoro, Wuye, Garki, Suleja  https://nairametrics.com/2024/06/13/abuja-disco-adds-45-new-feeders-to-band-a-majorly-in-asokoro-wuye-garki-suleja/ https://nairametrics.com/2024/06/13/abuja-disco-adds-45-new-feeders-to-band-a-majorly-in-asokoro-wuye-garki-suleja/#respond Thu, 13 Jun 2024 17:08:30 +0000 https://nairametrics.com/?p=491200 The Abuja Electricity Distribution Company, (AEDC) has disclosed it has added 45 new feeders to the Band A category of customers who would enjoy a minimum of 20 hours of electricity as stipulated by the Nigerian Electricity Regulatory Commission (NERC).  

The post Abuja Disco adds 45 new feeders to Band A majorly in Asokoro, Wuye, Garki, Suleja  appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/abuja-disco-adds-45-new-feeders-to-band-a-majorly-in-asokoro-wuye-garki-suleja/feed/ 0 491200 Terra Aqua secures $10m “climate finance” from TLG capital, Wema Bank for aluminum recycling plant in Ogun state https://nairametrics.com/2024/06/13/terra-aqua-secures-10m-climate-finance-from-tlg-capital-wema-bank-for-aluminum-recycling-plant-in-ogun-state/ https://nairametrics.com/2024/06/13/terra-aqua-secures-10m-climate-finance-from-tlg-capital-wema-bank-for-aluminum-recycling-plant-in-ogun-state/#respond Thu, 13 Jun 2024 15:25:08 +0000 https://nairametrics.com/?p=491194 TLG Capital, a leading alternative investment firm, has announced a US$ 10 million structured private credit facility designated for climate financing for one of Nigeria’s largest aluminum recyclers.

The post Terra Aqua secures $10m “climate finance” from TLG capital, Wema Bank for aluminum recycling plant in Ogun state appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/terra-aqua-secures-10m-climate-finance-from-tlg-capital-wema-bank-for-aluminum-recycling-plant-in-ogun-state/feed/ 0 491194 Credit scheme: FG to integrate credit score into NIN, targets 80 million Nigerians https://nairametrics.com/2024/06/13/credit-scheme-fg-to-integrate-credit-score-into-nin-targets-80-million-nigerians/ https://nairametrics.com/2024/06/13/credit-scheme-fg-to-integrate-credit-score-into-nin-targets-80-million-nigerians/#respond Thu, 13 Jun 2024 15:20:31 +0000 https://nairametrics.com/?p=491191 CREDICORP says every Nigerian who is economically active would have their credit score written on their NIN.

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]]> https://nairametrics.com/2024/06/13/credit-scheme-fg-to-integrate-credit-score-into-nin-targets-80-million-nigerians/feed/ 0 491191 Seplat ExxonMobil $1.28 billion deal gets boost as NNPC moves to withdraw lawsuit https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/ https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/#respond Thu, 13 Jun 2024 14:13:02 +0000 https://nairametrics.com/?p=491189 NNPC has filed a motion in the High Court of the Federal Capital Territory, Abuja, seeking to discontinue its ongoing legal action against several subsidiaries of Mobil Nigeria and the Nigerian Upstream Petroleum Regulatory Commission.

The post Seplat ExxonMobil $1.28 billion deal gets boost as NNPC moves to withdraw lawsuit appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/nnpc-applies-to-withdraw-suit-challenging-exxonmobils-1-28-billion-asset-divestment-to-seplat/feed/ 0 491189 LASG to implement a star rating system for auto repair workshops across Lagos https://nairametrics.com/2024/06/13/lasg-to-implement-a-star-rating-system-for-auto-repair-workshops-across-lagos/ https://nairametrics.com/2024/06/13/lasg-to-implement-a-star-rating-system-for-auto-repair-workshops-across-lagos/#respond Thu, 13 Jun 2024 13:47:51 +0000 https://nairametrics.com/?p=491187 The Lagos State Government is set to introduce a star rating system for purpose-built auto repair workshops within the state to enhance service quality and promote environmental sustainability

The post LASG to implement a star rating system for auto repair workshops across Lagos appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/lasg-to-implement-a-star-rating-system-for-auto-repair-workshops-across-lagos/feed/ 0 491187 Dangote to venture into steel production, targets meeting demand in West Africa https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/ https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/#comments Thu, 13 Jun 2024 11:23:59 +0000 https://nairametrics.com/?p=491180 Alhaji Aliko Dangote has mooted plans to delve into steel production in the near future stating that he wants to ensure that every steel used in West Africa comes from Nigeria.

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]]> https://nairametrics.com/2024/06/13/dangote-to-venture-into-steel-production-targets-meeting-demand-in-west-africa/feed/ 2 491180 LASG plans to cut private car trips to 2% of all travel by 2050 https://nairametrics.com/2024/06/13/lasg-plans-to-cut-private-car-trips-to-2-of-all-travel-by-2050/ https://nairametrics.com/2024/06/13/lasg-plans-to-cut-private-car-trips-to-2-of-all-travel-by-2050/#respond Thu, 13 Jun 2024 11:15:51 +0000 https://nairametrics.com/?p=491177 The Lagos State Government has unveiled an ambitious plan to drastically reduce private car trips within the state, aiming to cut them from 11% in 2015 to just 2% of all travel by 2050.

The post LASG plans to cut private car trips to 2% of all travel by 2050 appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/lasg-plans-to-cut-private-car-trips-to-2-of-all-travel-by-2050/feed/ 0 491177 Again, Yahaya Bello’s arraignment stalled at Abuja court over alleged N80.2 billion fraud https://nairametrics.com/2024/06/13/again-yahaya-bellos-arraignment-stalled-at-abuja-court-over-alleged-n80-2-billion-fraud/ https://nairametrics.com/2024/06/13/again-yahaya-bellos-arraignment-stalled-at-abuja-court-over-alleged-n80-2-billion-fraud/#respond Thu, 13 Jun 2024 10:17:33 +0000 https://nairametrics.com/?p=491173 Again, the planned arraignment of Yahaya Adoza Bello, a former Kogi State Governor before a  Federal High Court sitting in Abuja has stalled amid an N 80.2 billion fraud charge instituted by the Economic and Financial Crimes Commission (EFCC).

The post Again, Yahaya Bello’s arraignment stalled at Abuja court over alleged N80.2 billion fraud appeared first on Nairametrics.

]]> https://nairametrics.com/2024/06/13/again-yahaya-bellos-arraignment-stalled-at-abuja-court-over-alleged-n80-2-billion-fraud/feed/ 0 491173