BUSINESS
Sen. Kalu Inspects Multi Billion Naira Cashew Processing Plant, Tasks Youths On Peace (Photos)
Former Abia State Governor, Orji Uzor Kalu has urged youths to shun violence and embrace peace for the overall economic development and progress of the country. According to a statement issued by his media office on Monday, Kalu, who is the lawmaker representing Abia North Senatorial District in the National Assembly, made the call on Sunday in Igbere, Bende Local...
Vulnerable Nigerians Will Continue To Enjoy Subsidised Electricity From FG — Minister
The Minister of Power, Adebayo Adelabu, has stated that the federal government will continue to provide subsidised electricity to vulnerable groups in the society while making sure of a cost reflective tariff in the electricity supply industry. In a statement yesterday, the minister said lack of liquidity continues to be a significant challenge in the electricity market. Adelabu noted that understanding...
Nigeria Railway Authorities Consider Night Operations
The Nigeria Railway Corporation has concluded plans to launch night operations before the second quarter of 2024. The Managing Director of NRC, Fidet Okhiria, disclosed this during an interview with the News Agency of Nigeria on Monday. He stated, “What is limiting us is the night operations, and that is not the way trains should operate. The train is meant to...
Fubara Says He’s Committed To Welfare Of Rivers Workers
Gov. Siminialayi Fubara of Rivers has affirmed his resolve to pursue policies and programmes that will significantly enhance the welfare of the state civil servants. He made the remark on Thursday, when he addressed a group of workers, who were at the Government House to register their grievances over the non-payment of the N100,000 Christmas largesse he approved for state...
Lagos Assembly Passes N2.267tn 2024 Budget Into Law
The Lagos State House of Assembly has passed the N2.267 trillion budget for 2024 presented by Governor Babajide Sanwo-Olu last year. The budget, comprising 58 per cent capital expenditure and 42 per cent recurrent expenditure, was approved after a unanimous voice vote by the lawmakers. Governor Sanwo-Olu, on December 13, 2023, presented the 2024 budget proposal of N2.246 trillion to the...
Dangote Appreciates Tinubu As Refinery Commences Work
The President of the Dangote Group Aliko Dangote has commended President Bola Tinubu for his support following the commencement of production of diesel and aviation fuel at the Dangote refinery. In a statement he issued on Saturday, Dangote said Tinubu’s encouragement and advice were instrumental to the actualisation of the project. “We thank President Bola Tinubu for his support and for...
Seven Major Marketers Get Approval To Sell Dangote Fuel
The seven major oil marketers in Nigeria have registered with the Dangote Petroleum Refinery for the lifting and distribution of refined petroleum products produced by the $20bn plant. Dealers under the aegis of the Major Oil Marketers Association of Nigeria confirmed on Sunday that with the registration, they would commence the distribution of fuel produced from the facility once the...
NNPCL To Hand Over Port Harcourt Refinery To Private Operators
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited NNPCL has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability...
NNPCL Considers Handing Over Rehabilitated Port Harcourt Refinery To Private Operators
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it was seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability towards...
1,500 Staff Redeployed From CBN Headquarters Resume Duty In Lagos
At least 1,500 members of staff of the Central Bank of Nigeria will on Friday resume at its Lagos office following their redeployment from the headquarters in Abuja. A source at the apex bank told our correspondent exclusively that the plan, though heavily criticised, was still in motion, and affected staffers would be resuming on Friday. “Yes, the plan is still...
