News

Mojec’s History Of First In Nigeria’s Power Sector

Published

4 years ago

August 25, 2022

Editor

Segun Olabode, Lagos

Globally, thriving enterprises sprout on the identification of problems and flourish by proffering solutions to the problems for commensurate remuneration. This is where the win-win philosophy appeals to mankind the most.

This ideology might have inspired a frontline Nigerian corporate citizen, MOJEC International Limited, a wholly indigenous company to approach its business operations with an eye toward solving problems within the energy sector. The company has a strong footprint in Nigeria, Africa, and the Middle East, where it is delivering on smart meter manufacturing, clean energy, and other business areas. This is just one of the firsts, as MOJEC is the only player in the energy sector to have such footprints across the world.

The Group Managing Director/Chief Executive Officer, MOJEC International, Chantelle Abdul is quick to pin the company’s history of firsts on its innovative drive, which has seen it deliver consistently on its corporate mantra of “building a world of possibilities in the midst of impossibilities.”

According to Abdul the numerous issues plaguing the Nigerian power sector are not pretty difficult to identify. “To mitigate these challenges,” the GMD noted, “MOJEC has intensified efforts towards ensuring a level of stability in the power sector. Our priority has been to see Nigerians have access to electricity, as well as paying for only what they consume.”

Driven by this vision, MOJEC has risen to become “the largest manufacturer, distributor, installer of smart metering, power generation and energy solutions services provider in all of Sub-Saharan Africa,” Abdul added.

The company also pioneered the introduction of smart meters in the country and painstakingly delivered with its production and installation capacity which have come in handy in helping to propagate the objectives of the Federal Government of Nigeria’s (FGN) agenda, in the areas of increasing Nigeria’s metering rate; increasing local meter manufacturing capacity to strengthen the local meter value chain; creating jobs in the local meter value chain, and supporting the Nigerian economy by eliminating erratic billings.

Another historical first of the Group is pioneering the Mobile MAP initiative, its meter penetration and partnership idea, with which the Mojec Meter Asset Management Company Limited (M3AC) has been pushing to get more Nigerians conveniently metered.

This initiative has seen MOJEC partner with as many as nine out of the 11 power distribution companies (DisCos) across the country. In pursuit of this and other astute strategies, MOJEC had produced and installed over one million smart meters in the Nigerian market, which is another first.

According to the GMD “No single company has contributed largely to closing the Nigerian metering gap as MOJEC has done.”

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

1 hour ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

2 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.

News

N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs

Published

4 hours ago

May 6, 2026

Editor

First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.

The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.

At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.

Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.

Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.

“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.

“Women-led enterprises are critical to economic activity, yet they face structural barriers.

This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”

“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).

“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”

Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.

Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.

Applications for the zero-interest loan are now open.Apply now.