BUSINESS
Dangote Refinery To Employ 57,000 Personnel — Aliko Dangote
The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has unveiled plans to increase the human capacity at the Dangote Refinery Project site from 40,000 to 57,000 personnel in the coming months. According to him, the project currently employs 29,000 Nigerians and 11,000 foreigners at the 650,000 barrels-per-day world’s largest single refinery project located in Ibeju Lekki area of Lagos. This is...
Power Supply In Ekiti Worsening, Gov. Fayemi Decries
Ekiti State Governor, Kayode Fayemi, has decried worsening electricity supply in the state, calling for urgent action. Speaking during a groundbreaking programme of transmission infrastructure by the Niger Delta Power Holding Company (NDPHC), Fayemi said power supply to the state was grossly inadequate, stating that the infrastructure upgrade would bridge the supply gap in the state. He said there was need...
FG Set To Increase Trade Relations With Iran
The Federal Government has called for deepening of trade relations between Nigeria and the Islamic Republic of Iran as Iran considers direct shipping and flight to Nigeria. The Minister of Foreign Affairs, Chief Geoffrey Onyeama, made the appeal on Thursday during a bilateral meeting with the Iranian Minister of Foreign Affairs, Hossein Amir-Abdollahian. This was disclosed in a statement made available...
MTN, Airtel Secure Approval For Payment Service Bank
MTN Nigeria and Airtel Africa have secured approval in principle to operate a payment service bank (PSB). The telecommunications giants disclosed this in regulatory filings on the Nigerian Exchange Limited (NGX) on Friday. They are required to fulfill some conditions for the Central Bank of Nigeria (CBN) to issue them regulatory licenses for commencement of operations.
It’s Not Responsibility Of Electricity Consumers To Buy Transformers, Poles, Others — FCCPC
The Federal Competition and Consumer Protection Commission has declared that it is not the responsibility of electricity consumers/customers or communities to buy, replace or repair transformers, poles, cables and related items used in power supply. The disclosure was made on Wednesday in Benin, the Edo State capital by FCCPC’s Executive Commissioner, Operations, Dr. Adamu Abdullahi, in his remarks at the...
Nigerians May Buy One Litre Of Fuel For N340 In 2022 If… Kyari
Mele Kyari, the Managing Director of the Nigerian National Petroleum Corporation (NNPC), on Tuesday said that subsidy would have been eliminated in 2020 but certain factors hampered it. He, however, said that the law provides that by the end of February 2022, Nigeria should be out of the subsidy reign. Kyari said this at the presentation of the World Bank Nigeria...
FG Earmarks N2.55tr For Subsidy In Supplementary Budget
President Muhammadu Buhari has earmarked N2.55trillion for fuel subsidy in the 2022 Supplementary Appropriation Bill transmitted to the National Assembly for consideration and approval. The Federal Government had informed the subsidy regime will end in June 2022. Fuel queues appeared since last week across the nation over rising import costs of the product. READ ALSO: President Buhari Submits Supplementary Budget To NASS...
Mark Zuckerberg And Wife Sell San Francisco Home For $31 Million
Facebook co-founder and internet entrepreneur, Mark Zuckerberg, and his wife have sold one of their San Francisco homes for $31 million in an off-market deal, a spokesperson for the family confirmed. The deal marks the most expensive sale in San Francisco so far this year, according to Zilllow. Built-in 1928, the 7,386-square-foot home has four bedrooms and four bathrooms, and...
FG Announces Date For Presentation Of 2023 Budget By President Buhari
Barring any change, President Muhammadu Buhari is expected to present the 2023 appropriation to the National Assembly in September. The Director General, Budget Office of the Federation, Ben Akabueze, disclosed this on Monday in Abuja at training on budget preparation using the Government Integrated Financial Management Information System. The two-day nationwide training on budget preparation is organised for over four thousand...
Emirates Airlines Suspends Air Flights To Nigeria
There are indications that the failure of Emirates Airlines to repatriate its trapped ticket sales fund in Nigeria back to its home country in the United Arab Emirates (UAE) may have led to the carrier’s decision to stop all flights in and out of the country. The airline in a statement on Thursday morning said that it would suspend flights...
