Business

NDPHC Partners NASENI, Haier to Deliver 20 MW Power to Kano Challawa Industrial Area,

Published

5 months ago

May 16, 2025

Haier Technologies and the National Agency for Science and Engineering Infrastructure (NASENI) have partnered with the Niger Delta Power Holding Company (NDPHC).
20 megawatts (MW) of embedded solar electricity will be provided by the partnership to companies in Kano’s Challawa neighbourhood.

This was said in a statement released in Abuja on Friday by Mr. Emmanuel Ojor, Head of Corporate Communications and External Relations at NDPHC.
When she led a high-level management team on a site study and assessment of the Challawa Industrial District in Kano, Mrs Jennifer Adighije, the Managing Director of NDPHC, was quoted by Ojor as saying this.

He stated that Mr. Kassim Abdulahi, the Executive Director of Generation at NDPHC, and Mr. Omoregie Ogbeide-Ihama, the Executive Director of Corporate Services at NDPHC, accompanied her on the visit.

Adighije regarded the visit as emotional and crucial while meeting with Challawa business owners.

She emphasised how important the industrial sector was to the creation of national income and socioeconomic advancement.

Being to the Challawa Industrial Area is a delight, she remarked. This is an emotional and significant visit.

Business

U.S. Government Limits Validity of Nigerian Non-Immigrant Visas to 3 Months, Single Entry.

The majority of Nigerian individuals’ non-immigrant and non-official visas would be single-entry with a three-month validity as of today, the embassy announced.

Published

3 months ago

July 8, 2025

tvmaster

According to a recent announcement by the US administration, the majority of Nigerians applying for non-immigrant visas will now only be granted single-entry, three-month visas.

This is to reciprocate Nigeria’s visa policy for Americans, according to the US Mission in Nigeria.

The majority of Nigerian individuals’ non-immigrant and non-official visas would be single-entry with a three-month validity as of today, the embassy announced.

Business

Nigeria Repays IMF $3.4 Billion Covid – 19 Loan

Published

5 months ago

May 16, 2025

tvmaster

Nigeria is no longer in debt to the IMF after repaying its $3.4 billion loan in full.
The loan was paid back by April 30, 2025, which was months ahead of schedule. It was given in April 2020 under the Rapid Financing Instrument to help manage the COVID-19 impact.
Nigeria’s enhanced financial discipline and economic prospects are demonstrated by its early repayment.
The nation’s international credit position is strengthened, and investor confidence is increased by its removal from the IMF’s debtor list.
Nigeria’s economy today benefits from rising oil prices and continuous reforms after the loan helped stabilise it throughout pandemic-related difficulties, including low oil prices and currency weakness.

Business

The value of the Naira keeps rising in the official foreign exchange market.

The naira slightly gained to N1,600.030 per dollar on Tuesday from N1,600.44 on Monday, according to exchange statistics from the Central Bank of Nigeria.

Published

5 months ago

May 13, 2025

tvmaster

On Tuesday, 13th of May. Naira, the currency of Nigeria, continued to gain value in relation to the US dollar in the official exchange market.

The naira slightly gained to N1,600.030 per dollar on Tuesday from N1,600.44 on Monday, according to exchange statistics from the Central Bank of Nigeria.

On a daily basis, the naira had a slight increase of N0.41 versus the dollar, as opposed to N5.71 the day before.