BUSINESS
FG Has No Business Managing Oil Refineries – Osinbajo
Vice President Yemi Osinbajo has restated the resolution of the Buhari administration that the Federal Government has no business running oil refineries in Nigeria. Speaking at a virtual meeting organised for the All Progressives Congress (APC), social media bloggers and influencers at the ruling party’s secretariat in Abuja on Monday, the Vice President indicated that the Nigerian government sees the...
CBN Slashes Banks’ ATM Withdrawal Fee
The Central Bank of Nigeria on Sunday reduced the withdrawal fee charged for the use of other banks’ Automated Teller Machines from N65 to N35. The N35 ATM fee according to the CBN should be imposed on customers after the third withdrawal within one month. The new directive is part of the major highlights of the new Guide to Bank Charges...
Agriculture, Youth Vocational Training, Enyimba Economic City Top Agenda As Ikpeazu Meets French Minister
Abia State Governor, Dr Okezie Ikpeazu, has canvassed for greater cooperation between the State and the French Government to help develop the agriculture sector, micro small, and medium scale enterprises as well as the Enyimba Economic City Project. Speaking in Paris during a meeting with the French Minister For Trade and Commerce, Franck Riester, Governor Ikpeazu who applauded the existing...
N200/SCM Vs N1,000/Litre Petrol: Tinubu Introduces CNG As Cheaper Alternative To Petrol
President Bola Tinubu says Nigerian motorists now have the option of buying fuel at N1,000 per litre or gas equivalent at N200 per Standard Cubic Meter. Tinubu made this known during a meeting with executives of the Nigerian Independent Petroleum Company (NIPCO) at the State House in Abuja, on Tuesday. During the meeting, Tinubu acknowledged NIPCO’s role as a critical player...
We Don’t Have Land For Ranching, Southeast Governors Insist
The South East Governors Forum on Thursday said there was no land for ranching in the region. Speaking through its chairman, Governor Dave Umahi of Ebonyi State, the governors explained that there would be no land for ranching among the states in the region as contained in the National Livestock Transformation Plan, NLTP of the federal government. The governor, who also...
Reps To Investigate High Flight Cost, Poor Service In Aviation Sector
The House of Representatives yesterday mandated its committee on aviation to investigate the hike in international flight fares and poor service delivery by foreign airlines operating in Nigeria. This, it said , was to curb unwholesome practices by airlines and ensure that flight fares were at par with that of neighbouring countries. It also called on the ministries of interior and...
Ebonyi Govt Considers Floating Airline
Ebonyi State Government has said it will float an airline for effective and easy air transportation in the state. The government said it would embark on the airline business after the completion of ongoing asphalting of the runway at Chuba Okadigbo International Airport, Abakiliki. Commissioner for Aviation and Transport Technology, Dr. Ngozi Obichukwu, who disclosed this to journalists in her office...
#EndSARS: Despite Losing About N50m, We’re Committed To Making Enyimba Mall Reality — MD [VIDEO]
Business owners are still nursing the numerous losses encountered during the #EndSARS protest as some of them had their properties destroyed and goods looted. One of such is the magnificent Enyimba Mall Outlet, an edifice located at Ngwa Road by East Aba that was partly destroyed by hoodlums who infiltrated the #EndSARS protesters to unleash mayhem on citizens. Building materials...
Pensioners Threaten Naked Protest Over Escalating Prices Of Goods
The Nigeria Union of Pensioners says its members will take to the streets naked, if the welfare of pensioners in the country does not improve significantly any time soon. The National President of the union, Godwin Abumusi, told journalists at a news briefing in Abuja on Friday that his union will take the action to draw the attention of the...
We’re Sorry Over Petroleum Price Increase, FG Apologises To Nigerians
The Federal Government, Friday, apologized to Nigerians over the latest N212.61 petrol price confusion in the country. Speaking at the groundbreaking for the Rungas composite cylinder manufacturing plant in Alaro City Free Zone, Epe, the Minister of State for Petroleum Resources, Mr Timipreye Sylva, urged Nigerians to disregard the increase, explaining that it was a mix-up. Meanwhile, the Petroleum Products Pricing...
