post

‘Ogun loses N5bn monthly to illegal revenue collectors’

By Peter Moses Abeokuta Ogun state Governor, Senator Ibikunle Amosun, yesterday disclosed that the government “loses between N3 billion and N5 billion to illegal revenue collectors and points across the state. Amosun made the disclosure yesterday while flagging off a policy to eradicate multiplicity in haulage revenue collection held at the June 12 Cultural Centre, […]

post

NIPR vows to fish out quacks

By Usman Ibn A. Lapai Kaduna Nigerian Institute of Public Relations (NIPR) has stated that it would not relent in its efforts toward fighting quacks in the profession and fish them out. Its national vice-president, Malam Mukhtar Sirajo, disclosed this recently at the maiden edition of the orientation and documentation of newly registered members of […]

post

No plan to increase fuel price – NNPC

By Benjamin Umuteme Abuja Nigerian National Petroleum Corporation (NNPC) has once again emphasised that there “is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming Yuletide.” The NNPC, in a statement issued yesterday, stated that the ex-depot petrol price of N133.38 per litre […]

post

NSME lists constraints against mining sector

By Usman Ibn A. Lapai Kaduna The Nigeria Society of Mining Engineers (NSME) has tasked the federal government to provide necessary equipment and resources required to ensure the country produces the needed manpower that would help diversify the country through the solid minerals sector. President of NSME, Dr. Ebenezer Damisa, made the call while briefing […]

post

FG begins revised import, export guidelines implementation Jan 1 

  As part of effort to enhance ease of doing business in Nigerian, Federal Government is to commence the implementation of the 2017 Revised Import and Export Guidelines in January 2018. The Minister of Finance, Mrs Kemi Adeosun said at a sensitization workshop on the 2017 Revised Import and Export Guidelines in Lagos, added that […]

post

Emefiele tasks graduates on job creation

  The Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele has challenged the graduating students of University of Nigeria, Nsukka (UNN) to explore and take advantage of the present challenges confronting the country to become employers of labour. Mr. Emefiele gave the charge while delivering the 47th Convocation Lecture at University of Nigeria, Nsukka […]

post

CAR is Afremixbank’s latest entrant

By David Agba The number of African countries represented on the African Export-Import Bank (Afreximbank) as participating states and/or shareholders has risen to 49 with the presentation of an Instrument of Accession to the Bank by the Central African Republic in Bangui yesterday. The presentation of the instrument took place during a visit to President […]

post

…US reiterates commitment to assist Nigeria

By Awaal Gata Abuja United States of America (USA) has restated its commitment in helping Nigeria in curbing the scourge of HIV/AIDS in the country. US restated its commitment during the commemoration of this year’s World HIV/AIDS in Abuja yesterday. The programme took place at Government Secondary School, Wuse, and it involved more than 200 […]

post

China remains good brother to Nigeria, Africa – Envoy

Chinese Ambassador to Nigeria, Dr Zhou Pingjian, has said the Peoples Republic of China will remain a good brother and partner to Africa and Nigeria. Dr Pingjian spoke yesterday in Sokoto when he visited Usmanu Danfodiyo University (UDU), Sokoto, as part of his working visit to Sokoto and Zamfara states. “The existing Nigeria and China […]

post

SMEs avenues for economic recovery – Ortom

By Daniel Agbo Makurdi Governor Samuel Ortom of Benue state has described small and medium-scale enterprises (SMEs) as viable avenues through which the economic recovery of the Nigeria could be achieved. The governor, who made this known yesterday during a courtesy call on him by members of the state chapter of the Nigeria Association of […]

post

Afreximbank gets EUR 100m credit from EU bank

By David Agba Abuja The African Export-Import Bank (Afreximbank) and the European Investment Bank (EIB) yesterday in Abidjan, on the margins of the African Union-European Union Summit, entered into a line of credit agreement amounting to EUR 100 million, granted by EIB to Afreximbank. This facility is aimed at financing trade-related long-term productive investments by […]

post

Community shuts oil wells in Bayelsa

Some members of a community in Bayelsa have disrupted oil production at Adibawa Oil field operated by Shell Petroleum Development Company (SPDC), shutting two oil wells. A reliable source, who pleaded anonymity, told the News Agency of Nigeria (NAN) that the protesters were from Tanbiri II, Biseni in Yenagoa who were demanding power supply from […]

post

OPEC to cut output quotas for Nigeria, Libya –Oman oil minister

Organisation of Petroleum Exporting Countries (OPEC) and other oil-producing states could set oil production quotas for Nigeria at 1.8 million barrels per day and for Libya at one million barrels per day, Oman’s Minister of Oil and Gas, Mohammed Rumhi has hinted. Mr. Rumhi statement is coming hours ahead of a crucial meeting of oil […]

post

Port manager vows to end traffic congestion

The new Port Manager, Tin-Can Island Port, Lagos, Emmanuel Akporherhe, has promised to work with stakeholders to end the perennial traffic congestion along access roads to the port. He made this known during an operational tour of all Terminals within the Tin-Can Island Port with his management team yesterday. “The terminal operators are doing well […]

post

FG moves to consolidate economic recovery gains

Stories by Benjamin Umuteme Policy makers and managers in the country have been charged to come up with policies that are capable sustaining and accelerating the Nigeria’s economic recovery and growth. Budget and National Planning Minister, Senator Udoma Udo Udoma, gave the charge at the 16th meeting of the National Council on Development Planning (NCDP), […]

post

NNPC assures of adequate products nationwide

The Nigerian National Petroleum Corporation (NNPC) has stated its commitment to ensuring copious supply of petroleum products across the country to aid hitch-free movement of motorists during and beyond the Festive Season. The Corporation noted this following reports of threats by the Lagos Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to withdraw […]