Business
FG flags off CNG mother station for SS, SE in Akwa Ibom
CNG is not only cost-effective but also environmentally friendly, offering a real solution to reducing carbon emissions.
The Minister of State for Petroleum Resources (Gas), Dr. Ekperikpe Ekpo, has performed the groundbreaking of Guelph Gas Limited’s Compressed Natural Gas, CNG, mother station in Ibesikpo, Akwa Ibom State.
Sweetcrudereports, reported that the project, with a processing capacity of 3 million standard cubic feet per day, is aimed at supplying CNG to commercial and industrial users in the South-South and South-East regions not currently connected to Nigeria’s gas pipeline network.
Describing the project as a landmark development in Nigeria’s gas revolution, Dr. Ekpo said the initiative represents a strategic shift toward cleaner, more accessible energy sources for underserved regions.
This CNG project is a clear example of how our nation can leverage its vast natural gas resources to fuel a cleaner and more prosperous future.
CNG is not only cost-effective but also environmentally friendly, offering a real solution to reducing carbon emissions, ”the minister said during the ceremony.
Ekpo, who hails from Akwa Ibom, commended the state government’s proactive investment climate under Governor Umo Eno.
“As an indigene of Akwa Ibom, I take pride in the commitment of the government and people of the state to fostering growth and innovation.
Governor Umo Eno has created a supportive environment for investments that stimulate economic development and generate job opportunities for our citizens.
”The CNG mother station, once completed, is expected to serve as a central hub for compressed gas delivery across the two geopolitical zones, supporting the Federal Government’s Decade of Gas initiative and contributing to Nigeria’s energy transition.”
Business
Exchange Rates Today Friday, 12 June
Black Market Rates
US Dollar (USD) ₦1,397
Great British Pound (GBP) ₦1,850
Official CBN Exchange Rates
US Dollar (USD) ₦1,363. 83
Great British Pound (GBP) ₦1,821. 25
EURO (EUR) ₦1,572. 90
SWISS FRANC (CHF) ₦1,706. 49
JAPANESE YEN (JPN) ₦8.50
CHINESE YUAN (CNY) ₦201.20
West African CFA (XOF) ₦2.40
West African Unit Account (WAUA) ₦1,857. 45
SAUDI RIYAL (SAR) ₦363. 29
SOUTH AFRICAN RAND (ZAR) ₦82.61
Black Market Rates
US Dollar (USD) Buy ₦1,397 Sell ₦1,405
Great British Pound (GBP) Buy ₦1,850 Sell: ₦1,870
EURO (EUR) Buy ₦1,587 Sell ₦1, 607
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Australian Dollar Buy ₦800 Sell ₦900
Business
Airtel launches data calculator to counter depletion complaints
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said that the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
Airtel Nigeria has launched the Airtel Web Data Calculator, a new digital tool designed to help customers estimate and better understand their internet data consumption based on real-life usage patterns.
Available through Airtel’s website, the calculator enables customers to estimate data usage across common digital activities such as video streaming, social media engagement, voice and video calls, and everyday web browsing.
Speaking on the launch, Oladokun Oye, Customer Experience Director, Airtel Nigeria, said that the initiative reflects Airtel’s commitment to customer empowerment and service transparency.
“As Nigerians become increasingly dependent on digital services for work, education, entertainment and communication, it is important that customers have clear visibility into how their data is consumed.
The Airtel Web Data Calculator was developed to help our customers understand their usage patterns better, make informed choices, and enjoy greater confidence in their digital experience,” he said.
Commenting on the significance of the launch, Dinesh Balsingh, Chief Executive Officer, Airtel Nigeria, said the company remains focused on building a network and customer experience ecosystem anchored on trust, transparency and continuous improvement.
“The future of telecommunications will be defined not only by network investments but also by how effectively operators help customers understand and manage their digital lives. The Airtel Web Data Calculator represents a practical innovation that places more information and control directly in the hands of our customers.” He said.
Business
Kingsley Moghalu chairs Bluecode Africa subsidiary in Nigeria
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
Bluecode Africa, the European payments infrastructure operator backed by leading US and European institutional investors, has named Prof Kingsley Chiedu Moghalu as Chairman of the Advisory Board of its Nigerian subsidiary, Bluecode Payments Nigeria Limited as the company formally enters the Nigerian market.
The appointment was jointly announced by Chris Pirkner, Founder of Bluecode, and Odin Krismayr, Managing Director of Bluecode Africa, who described it as a foundational governance decision for the company’s Nigerian and continental operations.
Moghalu served as Deputy Governor of the Central Bank of Nigeria from 2009 to 2014, heading the Financial System Stability and Operations Directorates at different periods.
He led the team that introduced the unique-identifier Bank Verification Number (BVN), enrolling 50 million banking users, simplifying Know Your Customer (KYC) procedures, and doubled Nigeria’s financial inclusion rate from 33 to 60 per cent.
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