BUSINESS
200 Beneficiaries Emerge As Rep. Onuigbo Flags Off Empowerment Scheme (Photos)
In a bid to curb unemployment in his constituency the Honourable member representing Ikwuano/Umuahia Federal Constituency of Abia State, Hon. Sam Onuigbo on Thursday flagged off empowerment scheme for the people of the constituency in a bid to reduce the level of unemployment. The empowerment scheme is in collaboration with National Institute for Cultural Orientation, NICO. The five-day Strategic Training/Empowerment...
EEDC Apologises To Customers Over Power Disruption As Strike Ends
The Enugu Electricity Distribution Company, EEDC has apologised to its customers following a power outage on Wednesday after electricity workers withdrew their services. The company in a release signed by its Head, Corporate Communications, Emeka Ezeh said the withdrawal of service and strike was suspended after the National Union of Electricity Employees, NUEE, Ministers of Labour, and Power reached a...
We Didn’t Increase Aviation Charges — FG
The Nigerian Civil Aviation Authority (NCAA) and the Federal Airports Authority of Nigeria (FAAN) yesterday denied an increase in charges payable by stakeholders in the sector. FAAN specifically debunked the rumour that it had increased the landing and parking charges payable by foreign and domestic airlines. The Director General of NCAA, Capt Musa Nuhu, and Managing Director of FAAN, Capt Rabiu...
Energy Transition: Vice President Osinbajo Launches Roadmap, Urges Strategic Plan In Africa
Nigeria's Vice-president, Yemi Osinbajo (SAN) has said it requires a peculiar transition plan in the African continent to fill the energy gap currently in existence, urging that the pathways and the action should be decisive and urgent. “For Africa, the problem of energy poverty is as important as our climate ambitions. Energy use is crucial for almost every conceivable aspect...
Locally Constructed Refineries Should Not Be Called “Illegal” N54.66bn On Turnaround Maintenance Fraudulent — Udensi
Interpol Systems Consultant and security expert, Sir Chikwe Udensi has decried the amount being spent by the federal government on subsidizing petroleum products in the country, put at N1.593trn from Jan to June, 2022. He also said the estimated N54.66bn spent on refineries rehabilitation in the first and second quarters in 2022 is unnecessary. Speaking on Wednesday on Love FM's current...
CBN Releases $265Million To Airlines
In a move to check the crisis in the country’s aviation sector, the Central Bank of Nigeria (CBN) yesterday, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales. A breakdown of the figure indicates that the sum of $230 million was released as special FX intervention while another sum of $35 million...
I Made Buhari Suspend His Plan To Make Nigerians Pay More On Calls, Data — Pantami
Minister of Communications and Digital Economy, Isa Ali Pantami, has narrated his role in the suspension of the proposed five percent tax on calls and data. At the inaugural meeting of the Presidential Committee on Excise Duty for the Digital Economy Sector, in Abuja on Monday, Pantami announced suspension of the proposed excise duty. The minister said the president decided to...
NDE Trains 50 Zamfara Youths On Agriculture, Goat Production
The National Directorate of Employment (NDE) Zamfara State has commenced another round of skill acquisition programme in the post Sustainable Agricultural Development Training Scheme (POST-SADTS) for 50 youths and small stock (goat) production for 50 youths. The programme is designed by the Federal Government under the National Directorate of Employment (NDE) to curb mass unemployment. Declaring the training opened, the NDE...
Oil Production: We Can’t Meet OPEC Quota, It’s Responsible For Why We’re Broke — Buhari
President Muhammadu Buhari has said that with the high price of oil in the world markets, producing at about half our OPEC quota has deprived Nigeria of much needed revenue and foreign exchange. The President said this Friday at the State House, Abuja, while inaugurating the Presidential Committee on the National Economy. He, however, said that the government was working “tirelessly”...
Port Harcourt Old Refinery Will Commence Operation December, FG Assures
The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Wednesday, said that the Old Port Harcourt Refinery would become functional by December this year. The Minister disclosed this when he briefed State House correspondents at the end of the Federal Executive Council FEC, meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja. Sylvia said...
