BUSINESS
We Will Normalize Distribution Of PMS, Inject 2.1bn Liters By Month End – NNPC GMD
Group Managing Director, GMD of the Nigerian National Petroleum Corporation NNPC, Mr. Mele Kyari has said that distribution of Premium Motor Spirit, PMS, otherwise called petrol will normalize in the weeks ahead. The GMD also said that before the end of the month, about 2.1 billion liters of the product would have been injected into the system. Kyari gave the assurance...
Minister Summons Stakeholders Over Nationwide Epileptic Power Supply, Vows To Improve Situation
The Minister of Power Engr. Abubakar D. Aliyu is holding an emergency meeting with all the stakeholders in the power sector to address the current low power generation which has caused epileptic power supply across the country. The minister warns that stakeholders must work together to make electricity more stable. The meeting held at the Conference Hall of the ministry...
We Don’t Have Immediate Solution To Aviation Crisis — Sirika
The Minister of Aviation, Sen. Hadi Sirika, has said there are no immediate solutions to the multipronged crises rocking Nigeria’s aviation sector. The minister, who held an emergency meeting with the Airline Operators Association of Nigeria (AON) ...
CBN denies prohibition on domiciliary accounts deposits
The Central Bank of Nigeria, CBN has said that it has not prohibited the acceptance of foreign currency cash deposits by Deposit Money Banks. In a statement on Sunday, the Director, Corporate Communications, CBN, Isaac Okorafor, clarified the uncertainties surrounding the operations of domiciliary accounts in Nigeria. He said, “The bank has not prohibited the acceptance of foreign currency cash deposits...
Post-COVID-19: Obi Suggests Measures For Lifting Nigerians Out Of Poverty
Vice-presidential candidate of the Peoples Democratic Party (PDP), Mr Peter Obi, has suggested what he described as a pathway to national economic recovery, capable of lifting millions of Nigerians out of poverty. Obi, who spoke on a live television programme monitored in Lagos, explained that conscious investment in education, health and MSMEs (Micro, Small and Medium Enterprises) were what every...
Sokoto Lawmaker Rolls Out Animal Feed As Constituency Empowerment Material
A member of the Sokoto State House of Assembly, Honourable Buhari Haliru (PDP-Sokoto North I), on Thursday empowered no fewer than 200 constituents with animal feeds to become self-reliant. Haliru, while flagging-up the distribution at his constituency office, said that the aim is to engage the beneficiaries into small businesses in order to support their living standard. “We are confident that...
President Buhari Seeks Fresh $5.513bn Loan
The President, Muhammadu Buhari, has written to the House of Representatives to request for the approval of fresh external borrowings totalling $5.513bn. Buhari, in the letter read by Speaker of the House of Representatives, Femi Gbajabiamila, at the plenary on Thursday, said the funds were for 2020 budget deficit, financing of critical projects, and some states of the federation. The President...
Bailey Bridge Ohafia Shuts Down Midnight Monday For Maintenance
Member representing Arochukwu/Ohafia federal constituency, Hon. Uko Nkole has announced the closure of Bailey bridge located along Ohafia -ABAM for maintenance starting from midnight of today monday 01/03/2021. This is contained in a statement issued by Ibem Onwuka, Media Assistant to the House of Representatives member. This is to enable the authorities carry out a repair work on the collapsed bridge. All...
Nigerians Should Accept Increase In Fuel Price – Minister
The Federal Government has insisted that Nigerians should brace up for an increment in the pump price of petrol, in the light of the current economic situation in the country. The minister said, “It is very unfortunate that if (there is) an increment in fuel pump price, (it) would have an impact on the marketplace and we are not happy...
We Are NOT Broke – NNPC
The Nigerian National Petroleum Corporation, NNPC says the zero revenue projection for May pertains only to the federation revenue stream it manages and not a reflection of its overall financial performance. Kennie Obateru, the group general manager of NNPC public affairs division, disclosed this in a statement on Friday. “The shortfall will be remedied by the corporation as it relates only...
