Zenith Bank Plc has announced that it now boasts the best technology infrastructure in the banking industry, positioning itself to provide an exceptional customer experience and superior service delivery moving forward. This upgrade follows a recent comprehensive technology enhancement. The bank expressed its heartfelt gratitude to customers for their support and patience throughout the upgrade…
Abuja, Nigeria – The Transmission Company of Nigeria (TCN) announced today that a significant disturbance on the national grid caused a temporary power disruption across the country. The event, which occurred at approximately 11:29 AM, was triggered by an unexpected frequency spike, with levels rising from 50.33Hz to 51.44Hz. This unusual fluctuation forced the shutdown…
The Port Harcourt Electricity Distribution Plc (PHED) has increased the prices of prepaid metres for the second time in as much as three months. Converseer reports that the increment is coming in after electricity Distribution Companies (DisCos) increased the prices of their prepaid metres despite the incessant collapse of the national grid. The PHED announced…
Berlin, Germany — German companies operating in the United States are showing caution when it comes to new investments amid uncertainty surrounding the upcoming US presidential election, according to a survey by the German Chamber of Industry and Commerce (DIHK) published today. The DIHK survey indicates that businesses are adopting a wait-and-see approach, hoping for…
Global financial service provider Perfect Money has announced that it will temporarily halt services for customers in Nigeria, citing regulatory complexities in the region. The company informed its Nigerian customers that accounts registered in the country will be closed on December 1, 2024, with a phased service restriction process starting today. Starting immediately, all Perfect…
Port Harcourt, Rivers State — The Foundation for Partnership Initiatives in the Niger Delta (PIND), in partnership with the Tax Justice and Governance Platform, successfully held a landmark event addressing the challenges that multiple taxation and illegal levies impose on small businesses in the Niger Delta. Hosted on October 24, the convening drew together representatives…
By Frank Ulom LAGOS (CONVERSEER) – The Dangote Refinery has responded strongly to recent claims by the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retail Outlet Owners Association of Nigeria (PETROAN) regarding the cost of Premium Motor Spirit (PMS), commonly known as petrol, in the Nigerian market. According to a statement from…
Abuja, Nigeria – The President of the Economic Community of West African States (ECOWAS) Commission, Dr Omar Touray, has urged member states to work together swiftly to make the African-Atlantic Gas Project (AAGP) a reality. Dr Touray’s call to action was conveyed at a joint meeting of ECOWAS Ministers of Hydrocarbons and Energy, with Morocco…
Abuja, Nigeria – President Bola Tinubu has received a key recommendation from the National Economic Council (NEC) advising that the recently proposed tax reform bills, currently before the National Assembly, be temporarily withdrawn for further consultation. The recommendation aims to foster a broader dialogue and ensure that all potential concerns are addressed through engagement with…
The Transmission Company of Nigeria (TCN) has clarified recent media reports alleging an indefinite power outage in parts of Northern Nigeria. Contrary to claims erroneously attributed to Engr. (Mrs) Nafisatu Ali, Executive Director of the Independent System Operator, TCN assures the public that it is actively working to restore bulk power supply to the affected…
