BUSINESS
Air Peace Obtains Direct Flight Permit To Dubai
The government of United Arab Emirates has granted Air Peace the approval to operate direct flight to Dubai. Minister of Aviation and Aerospace, Festus Keyamo, SAN, who disclosed this weekend, said Emirates Airlines, which has stopped operations to the country due to its inability to repatriate dollars earned in the country home, also announed its readiness to commence direct flights...
Gov. Otti Denies Spending Almost One Billion Naira on Feeding, Personal Welfare
Abia State Governor, Dr. Alex Otti has denied spending nearly one billion Naira on his feeding and personal welfare, saying such information is untrue, ABN TV reports. The governor's chief press secretary, Kazie Uko, and his Special Adviser on Media and Publicity, Ferdinand Ekeoma in a statement titled, "ABIA STATE Q3 BUDGET EXPENSES: UNDERSTANDING THE ISSUES" said Abia State Government...
Alake Tours Solid Minerals Agencies
The minister of solid minerals development, Dele Alake, has commenced a tour of the agencies under the Solid Minerals Ministry. The visit is aimed at canvassing reforms and adherence to due process in line with the Renewed Hope agenda of the Tinubu administration. The special assistant on media to the minister, Segun Tomori, in a press statement said the Alake’s tour started with...
OPEC+ Postpones Policy Meeting To November 30
The ministerial meeting of the OPEC+ alliance earlier fixed for Saturday and Sunday, November 25 and 26, 2023, in Vienna has been postponed to Thursday, November 30, 2023. This was disclosed on Wednesday by the Vienna-based agency of the Petroleum Exporting Countries on its website. “The 187th Meeting of the OPEC Conference, the 51st Meeting of the Joint Ministerial Monitoring Committee...
Senate Threatens NNPCL Boss, Kyari With Prison Sentence Over N12 Trillion Maintenance Of Refineries
The Senate on Wednesday threatened to recommend the sack and possible jailing of the Group Chief Executive Officer of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, and heads of government agencies in the oil sector over the Turnaround Maintenance on which N12 trillion has been spent without tangible results. The upper chamber specifically threatened to sack heads of agencies...
Stop Patronising Imported Items, Runsewe Urges Nigerians
The Director General of National Council For Arts and Culture, NCAC, Otunba Oluwasegun Runsewe, has called on Nigerians to desist from taking pride in patronising imported items. Instead, he said they should make gainful habit of patronising made in Nigeria products. Lamenting the low rate at which Nigerians were patronising local products,the culture expert said the development had killed Nigerian...
Tinubu Appoints New NNPCL Board As Kyari Retains Position As GCEO
President Bola Tinubu has appointed a new Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL), consisting of mine members. The new Board and Management team has Chief Pius Akinyelure as non-Executive Chairman with Mallam Mele Kyari retaining his position as Group Chief Executive Officer (GCEO) with Umar Isa Ajiya coming back as Chief Financial Officer and...
FG Raises 2024 Budget To N27.5trn
The Federal Government has increased the 2024 budget proposal from the initial N26 trillion to N27.500 trillion to meet present economic realities. It also revised the Medium Term Expenditure Framework, MTEF and Fiscal Strategy Papers, FSP, which initially had N700 per dollar as exchange rate to N750 per dollar, while oil benchmark was reviewed from the initial $73 per barrel...
$115 Million Infrastructure Loan Approved For Abia Was Facilitated By Ikpeazu — Spokesman
Onyebuchi Ememanka, Spokesman to the immediate past governor of Abia State, Okezie Ikpeazu has said the $115 million infrastructure loan approved by the Federal Executive Council (FEC) on Monday was facilitated by his principal. He said, of the total sum of One Hundred and Fifteen Million Dollars ( $115 Million), one Hundred Million Dollars is from the Africa Development Bank...
Airlines Will Compensate Passengers For Delayed, Cancelled Flight — Keyamo
The Minister of Aviation and Aerospace Development, Festus Keyamo, defaulting airlines must pay compensations for flight cancelations and delays. He said this in Abuja yesterday during a meeting with the heads of agencies under the ministry. “We are not deaf to the cries of Nigerians about delays and canceled flights. The law is there and we are looking at how to...
