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Tambuwal asks NNPC to disclose source of funding of kerosene subsidy
LAYING OF 2014 BUDGET PROPOSAL IN ABUJA The Speaker of the House of Representatives, Alhaji Aminu Tambuwal, on Tuesday in Abuja, asked the Nigeria National Petroleum Corporation (NNPC) to disclose the...
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PENGASSAN express worries over IOCs’ divestment
The Petroleum and Natural Gas Senior Staff Association (PENGASSAN), on Tuesday expressed concern over International Oil Companies (IOCs) assets divestment from the nation’s upstream companies. Mr Seyi...
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LASG shuts 6 firms over non-remittance of N31.8m tax
The Lagos State Internal Revenue Service (LIRS) has sealed six companies for failing to remit N31.8 million personal income taxes of their workers to the state government. Mrs Folasade Coker-Afolayan,...
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9 ships wait to berth at Lagos ports
No fewer than nine vessels laden with petroleum products and containers have arrived at Lagos ports and are waiting to berth, the Nigerian Ports Authority (NPA) has said. The NPA disclosed this in its...
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CBN appeals to Nigerians to embrace cashless policy
The Central Bank of Nigeria (CBN) on Wednesday urged Nigerians to embrace the new cashless policy of the bank to enhance economic growth. Mr Aaron Yeduma of the Shared Services Department in CBN,...
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IPMAN allays fears of fuel scarcity, warns members against hoarding
The Western Zone of Independent Petroleum Marketers Association of Nigeria (IPMAN) on Wednesday called on its members not to hoard Premium Motor Spirit (PMS) popularly known as petrol, in anticipation...
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Renewable energy, a solution to energy crisis in Nigeria – Experts
7TH ANNUAL CONFERENCE OF THE NIGERIAN-GERMAN ENERGY PARTNERSHIP IN ABUJA. Prof. Akin Iwayemi, President of Nigerian Economic Society has said that the development of a robust renewable energy sector is...
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Fuel: Hawkers record boom in Jos
Hawkers of petroleum products, popularly called black marketers, are recording a boom in business following the scarcity of petrol in Jos and its environs. The News Agency of Nigeria (NAN) reports that...
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NCAA sanctions 4 Airlines over abuse of passengers’ rights
The Nigerian Civil Aviation Authority (NCAA) said on Wednesday that four airlines operating in the country were sanctioned last year, over alleged abuse of passengers’ rights. The Director-General of...
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Capital market expert links market slowdown to economic policies
FROM LEFT: EXECUTIVE COMMISSIONER, FINANCE AND ADMINISTRATION,SECURITIES AND EXCHANGE COMMISSION (SEC), MR LAWAN STORE; EXECUTIVECOMMISSIONER, OPERATIONS, MS DAISY EKINEH, AND DIRECTOR-GENERAL,MS...
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ICCN launches Uniform Rules for Banks in Lagos
FROM LEFT: DEPUTY PRESIDENT, LAGOS CHAMBER OF COMMERCE AND INDUSTRY, MINES AND AGRICULTURE, MR GOODIE IBRU; DIRECTOR, UNITED KINGDOM TRADE AND INVESTMENT, MRMIKE PERVES AND PRESIDENT, NIGERIA BRITISH...
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Customs arrest Nigerien drug kingpin in Katsina
36.9 KG OF CANNABIS SATIVA SEIZED BY NIGERIA CUSTOMS SERVICE AT SEME BORDER The Nigeria Customs Service (NCS) have arrested a notorious Nigerien drug kingpin, Abubakar Woru, 45, with a car loaded with...
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Unilever pledges contribution to Nigeria’s growth
Unilever Nigeria has pledged to contribute and focus on the growth of the Nigerian economy. Managing Director, Unilever, Yaw Nsarkoh, said at the customers forum in Lagos that, “What we want to do...
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Nigeria, Lithuania forge strong bilateral trade relationship
The Federal Republic of Nigeria and Republic of Lithuania are to forge a strong bilateral trade relationship to boost the economic development of both countries. The Honorary Consul, Republic of...
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CAC institutes Corporate Citizens Award to promote good corporate governance
The Corporate Affairs Commission (CAC) has instituted an annual `Corporate Citizens Award’ aimed at promoting the culture of good corporate governance in the country. The Chairman of the CAC Board, Mr...
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Customs denies taking bribes from smugglers at Seme Border
The Spokesman of the Seme Command of the Nigeria Customs Service (NCS), Mr Ernest Olottah, on Thursday denied media reports that officers at the command were taking bribes from smugglers. Olottah told...
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Okonjo-Iweala assures Nigerians of tight monetary policies
The Minister of Finance, Dr Ngozi Okonjo-Iweala, on Thursday said the government’s tight monetary policies would continue despite suspension of the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido...
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12 Rice vessels to berth at Lagos ports
Twelve ships carrying rice are expected to arrive in the Lagos ports between Feb. 21 and Feb.24. The Nigeria Ports Authority (NPA) in its daily bulletin, “Shipping Position”, said on Thursday in Lagos...
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5 African countries seek NOIPolls’ assistance
OFFICIAL LAUNCH OF THE NATIONAL IDENTITY PROGRAMME IN ABUJA Ms Oge Modie, the Managing Director, NOIPolls Ltd., a Nigeria’s leading survey and polling firm, on Thursday said five African countries were...
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Fuel scarcity in Badagry, Seme
Petrol scarcity has continued to linger in Badagry and Seme, with motorists forming long queues in the only two filling stations dispensing the commodity in the two towns on Thursday. An investigation...
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