Nigeria nears OPEC Crude Production levels

Nigeria’s Extractive Industries Transparency Initiative has recouped some US$3 billion in installment duty from oil and gas administrators in the nation, the organization’s official secretary revealed to Nigerian media. The administration of the West African nation, the greatest oil producer…

Dr. Natalia Kanem Appointed UNFPA Executive Director

Dr. Natalia Kanem was appointed Executive Director of UNFPA, the United Nations Population Fund, today by Secretary-General António Guterres. She holds the rank of United Nations Under-Secretary-General. Dr. Kanem, a Panamanian, is the Fund’s fifth Executive Director. She had been…

Ernest Akinlola appointed as Ntel new MD/CEO

Ernest Akinlola has bee appointed as the substantive Managing Director/Chief Executive Officer of Nigeria’s first 4G/LTE-Advanced network. The board of ntel disclosed the announcement in a statement on Tuesday. Akinlola is a senior executive with over 20 years extensive experience in…

NERC pegs meter bypass fine at N450,000

The Nigerian Electricity Regulatory Commission has pegged fine for electricity consumers who bypass meters at N450,000. According to NERC, financial sanctions ranging from N50,000 to N450,000 for meter bypass by power consumers have been drafted by it and have been…

Chinese scientists introduce LiFi to replace WiFi

WiFi could become obsolete in a few years as Chinese scientists have  developed a faster way of transmitting data via LiFi. The Chinese news agency Xinhua reported  the  breakthrough by the scientists in creating full-color emissive carbon dots (F-CDs), which…

South Africa promises to fast-track KPMG investigation

South Africa’s audit regulator will fast-track an investigation into global auditor KPMG over work done for business friends of President Jacob Zuma, the regulator’s chief executive told lawmakers on Tuesday. The Independent Regulatory Board for Auditors’ inquiry into KPMG follows…