Technology articles

BVN: Banks that may suffer from deposit loss

BVN: Banks that may suffer from deposit loss

The biggest casualties in terms of deposit loss should the Federal Government go-ahead to implement court order on funds forfeiture for Bank Verification Number (BVN) non-compliant accounts will be the first generation banks, The Nation has learnt.   These set of banks, according to an industry source who spoke anonymously, seem to have the largest

NNPC partners Benue, Ondo govts to establish biofuel plants

The Nigerian National Petroleum Corporation (NNPC) has signed a Memorandum of Understanding (MoU) with the Ondo State Government to establish a 65 million litre per annum biofuel plant in Okeluse, Ondo State. The multi-million dollar project when completed, will among other things, create over one million jobs via the production of cassava feedstock, ensure unimpeded

‘NNPC’ll find crude in commercial quantities in inland basins’

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday announced that the aggressive exploration of the inland basins would soon yield result with hydrocarbon finds in commercial quantities. Baru stated this when he received a delegation from the Nigerian Association of Petroleum Explorationists, led by its President, Mr. Abiodun Adesanya, in Abuja.

Diaspora BVN: Tension over forfeiture threat

The decision by the Federal Government to stop commercial banks from operating accounts without Biometric Verification Number (BVN) continues to pitch the citizenry against the Central Bank of Nigeria (CBN) and the Buhari administration. The bone of contention is the forfeiture threat on account holders should they fail to update and register the BVN within

FG to increase power generation to 20,000 MW – Minister

The Federal Government said on Friday that its plan to generate 20, 000 megawatts of electricity over the next four years was on course.   The Minister of State for Power, Alhaji Mustapha Shehuri, gave the assurance in Funtua, Katsina State when he inaugurated a 132/33 KV transformer that would boost power supply to local

FG to introduce solar-powered tricycles this year

The Federal Government on Thursday announced that it would introduce solar-powered tricycles, popularly known as Keke, in order to gradually phase out petrol engine tricycles currently being used as means of transportation across the country. It said the solar-powered tricycles would be showcased at a forthcoming expo in Uyo, the Akwa Ibom State capital, in December