White House Advisor on Diaspora Engagement boosts 7th NDIS,promises partnership with NIDCOM

Ms. Deniece Laurent-Mantey, Executive Director, United States’ Presidential Advisory Council on African Diaspora Engagement (PAC-ADE), U.S.A., said the goal of PAC-ADE is to make it easier for diaspora members to go beyond individual remittances and participate in pooled investments, by creating opportunities for Nigerians in the U.S. to partner with local entrepreneurs, support small and medium-sized enterprises, and invest in larger development projects that foster stability and economic growth in Nigeria.   Ms. Laurent-Mantey stated this at the Plenary Presentation at the 7th Nigeria Diaspora Investment Summit in Abuja.  …

Consumers kick ,As Discos Hike Meter Price By 28%

Power distribution companies in Nigeria have announced an increase in the price for various electricity meter models, marking the second price hike in four months.   Power consumers kicked against the development, describing it as “wicked”, considering the economic hardship nationwide currently.   According to the Discos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800.   This amount indicates an increase of 28.03 per cent or N32,800, depending on the distribution company and meter vendor.   The new prices posted on the…