BUSINESS
End Fuel Subsidy Now, Save Nigeria’s Economy – Dangote Tells FG
The founder of Dangote Petroleum Refinery, Aliko Dangote, has said it’s time for the federal government to end the fuel subsidy regime. In an interview with Bloomberg on Monday, Dangote said fuel subsidies would lead to the government “paying what they are not supposed to be paying,” hence the need to end it. The business mogul insisted that the President Bola...
It’s Time To End Costly Fuel Subsidy, Dangote Tells FG
The President and Chief Executive of Dangote Group, Aliko Dangote, has urged the Federal Government to end fuel subsidies completely. Speaking in a 26-minute interview with Bloomberg Television in New York on Monday, the time is right to end subsidies which have gulped trillions of naira from the country’s coffers. According to him, the removal would assist in determining the country’s...
For The First Time In Two Years, Emirates Flight Lands In Lagos
The United Arab Emirates (UAE) flag carrier Emirates flight landed at the Murtala Muhammad International Airport (MMIA), Lagos, on Tuesday. This is coming two years after the suspension of operation by the airline over several issues including unresolved trapped funds belonging to the airline. However, the flight EK 783 which touched down at the old terminal of the MMIA at exactly...
Anti-Oil Theft Group Applauds NNPC Trading Boss Over Transparent Service Delivery
A group set up to tackle rising cases of crude oil theft and pipeline vandidalism in the Niger Delta region has commended the Managing Director of the NNPC Trading Limited, Lawal Sade over his outstanding performance and promoting transparency and efficiency in the sector. The group known as the Niger Delta Anti-Pipeline Vandalization and Oil Theft Task Force Group, NAVOTTFG,...
Stop Interference With Mining Activities, Minister Warns States
The Minister of Solid Minerals Development, Dr. Dele Alake, has cautioned against arbitrary closure of mining operations by state governments, warning that such act could abort efforts by Federal Government to attract Foreign Direct Investments (FDI) and provoke divestment. He handed down the warning while announcing a fact-finding committee to look into the face-off between Osun State government and Thor...
Labour Carpets FG Over Latest Fuel Price Hike, Demands Immediate Reversal
The leadership of the Nigeria Labour Congress (NLC), on Wednesday, lampooned the federal government over fresh hike in price of Premium Motor Spirit popularly known as petrol. The labour movement specifically demanded immediate reversal of the fuel price, saying it is illogical that a private firm is the one determining the prices of the products. NNPCL announced fresh increase in price...
FG Not Responsible For Latest Petrol Price Hike — Minister
The Minister of Information and National Orientation, Mohammed Idris has stated that the federal government is not responsible for the latest hike in petrol price. Nigerians are grappling with renewed frustration exacerbated by the latest hike in petrol prices by the Nigerian National Petroleum Company Limited (NNPC Ltd) and other marketers. Speaking on the increase, Idris said NNPCL made the decision...
Constant Collapse Of National Grid Shame, Says Peter Obi
The 2023 Labour Party presidential candidate, Peter Obi, has expressed deep concern over the recent collapse of Nigeria’s national power grid, which has once again left large parts of the country in darkness. The grid reportedly failed on Monday evening at around 6:18 pm, causing widespread power outages. Investigations revealed that electricity generation, which stood at 3.87 gigawatts by 5 pm,...
NERC Explains Reason For Saturday’s Grid Collapse
The Nigerian Electricity Regulatory Commission has revealed that Saturday’s grid collapse was a result of a current transformer explosion. For the third time in one week, the national grid collapsed again on Saturday. Power generation went off on Saturday morning around 8:16. Giving an update on the collapse in a statement on its social media handles, the NERC said it “Notes with...
Air Peace Raises One Way Ticket From Lagos To Abuja To 200k
From November 1, 2024, a one-way flight ticket from Lagos to Abuja on Air Peace is to hit N200,000. The harsh economy has been affecting the aviation business causing airlines to increase their fares amid lamentations from passengers. This development has forced some Nigerians to abandon flights for road transport. Checks by our correspondent on the airfares of airlines on Monday showed...
