BUSINESS
PWAN Plus Tickles Thirst Buds Of Aba Real Estate Consumers
Tai Anyanwu There is definitely no dull moment for real estate guru and Managing Director of PWAN Plus Business Concerns, Julius Oyedemi. Not even the economic challenges of the time is enough to stunt his creative prowess, marketing fecundity, and innovative real estate products. The property Wizkid got land vendors falling head over toes as they rush to acquire a parcel...
No Plans To Scrap NNPC In PIB – FG
THE Federal Government Monday said that there are no plans to Scrap the Nigerian National Petroleum Corporation, NNPC in the Petroleum Industry Bill 2020 that has been transmitted to the National Assembly by President Muhammadu Buhari. Answering questions from journalists in Abuja after an interactive meeting with the leadership of the National Assembly, Minister of State for Petroleum, Timipre...
Petrol Pump Price May Crash
The Pipeline Products Marketing Company (PPMC) may crash the prices of Premium Motor Spirit (PMS) petrol this month, ABN TV learnt at the weekend. The Independent Petroleum Marketers Association of Nigeria (IPMAN) National Vice President, Alhaji Abubakar Maigandi, said the marketers are looking forward to a downward review of the ex-depot price for October. He based his forecast on the decline...
FG To Sell Three Power Plants For N434 Billion
The Federal Government has revealed that it was making arrangement to sell Geregu, Omotosho and Calabar power plants for N434 billion in 2021. The government also hinted of its plan to concession National Art Theatre, Tafawa Balewa Square and all the River Basin Development Authorities at N836 million. Similarly, the federal authorities said that it would concession the National Stadium,...
Expose Govt Officials Making Business Difficult – Osinbajo
The Vice President, Prof. Yemi Osinbajo, on Monday, charged private sector players to call out government officials who were making it difficult for people to do business in Nigeria. He gave the charge at the inauguration of the Abuja Chamber of Commerce and Industry’s Trade and Convention Centre. He said the position of the government was to continue, on an incremental...
FG considers $2.8 billion external loan for 2020 budget
The Debt Management Office (DMO) on Friday said the Nigerian government was considering taking a loan from foreign sources to fund the 2020 budget signed into law by President Muhammadu Buhari a month ago. On December 17, 2019, Mr Buhari, who travelled to the United Kingdom today for an investment summit starting next Monday, signed the 2020 Appropriation Bill into...
We’ve Lot Of Capacity In Currency Printing, Says Emefiele As CBN Agrees To Mint For Gambia
The CBN Governor, Mr. Godwin Emefiele, agreed to the currency minting proposal from the Governor of the Central Bank of the Gambia, Mr. Buah Saidy, who led a delegation to visit him on Tuesday. Mr. Emefiele said Nigeria has a lot of capacity in currency printing as she has been minting since the 1960s and “we are willing to assist...
FG Insists On N30bn Duty As It Bans 91 Billionaires, VIP’s Jets
The Federal Government has directed the Nigeria Customs Service to ground 91 private jets belonging to some wealthy Nigerians over their alleged refusal to pay import duties running to over N30bn, documents obtained by The PUNCH (not ABN TV) have revealed. As such, the Comptroller-General of Customs, Col Hameed Ali, (retd.) following a directive from the Presidency, has written a...
Stiffer Sanction Awaits Bankers Who Aid Fraud As Reps Set To Enact New Law
Bank employees who aid financial crimes may be in for stiffer penalties as the House of Representatives on Wednesday passed second reading a bill seeking to raise punishment for insider fraud by bank staff to a 20-year jail term, The Economic and Financial Crimes Commission (EFCC) had November last year declared that most frauds in the banking sector were perpetrated...
NNPC Apologises To Nigerians Over Pains Caused By Contaminated Fuel
Nigerian National Petroleum Company Limited has said it regrets the hardships it caused Nigerians by the importation of off-spec Premium Motor Spirit, known as petrol. The Group Managing Director of t...
