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Why Every Home in Lagos Needs Solar Energy Today

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  Introduction Electricity challenges in Nigeria are no secret — from sudden blackouts to unpredictable bills, many families and businesses are tired of living in the dark. But there is a better way. Solar energy is quickly becoming the smartest solution for homes and businesses across Lagos and beyond. In this blog, we’ll explore why switching to solar is one of the best decisions you can make today. 1. Save Money on Electricity Bills Every month, Nigerians spend thousands of naira on unreliable electricity and fuel for generators. With solar panels, you generate your own power from the sun — absolutely free! After the initial setup, your monthly electricity costs can drop by up to 80%, helping you save more for other important things. 2. Say Goodbye to Blackouts Imagine watching your favorite TV show, and NEPA takes light again. Frustrating, right? With solar energy, you stay powered 24/7. Even during national blackouts or bad weather, a well-installed solar system ensures...
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Naira boosted palm oil profits to 10-year high

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 Presco Plc and Okomu Oil, Nigeria's leading palm oil producers, have reported a remarkable 95 percent increase in profits, marking their highest surge in a decade. BusinessDay's data reveals that their combined after-tax profit soared to N39.2 billion in the first quarter of 2024 from N20.1 billion in the same period last year. In terms of revenue, the companies experienced substantial growth, with earnings climbing 86.9 percent to N86 billion compared to N46.2 billion in the previous quarter. The Nigerian palm oil industry is currently flourishing due to heightened investments, growing demand, and increased market activity. However, Henry Olatunoye, former national president of the National Palm Produce Association of Nigeria (NPPAN), raised concerns about the impact of Naira devaluation on essential goods. He noted that the depreciation has significantly raised costs, making investments in Naira less appealing compared to more stable currencies such as the dollar. Olatunoye ...
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Location: Lagos, Nigeria
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