Chairman of Nigeria Governors Forum (NGF) and Governor of Ekiti State, Kayode Fayemi, has said community policing is the way to go. However, he collaboration with the mainstream security agencies is needed to achieve results as obtainable in western nations. Become a partner with USA companies, promote their offers and get paid in US … [Read more…]
Indigenes of Lasukugbene in Southern Ijaw Local Government Area of Bayelsa State have lamented the adverse impact of crude oil leakage from an oil facility owned by Nigerian Agip Oil Company, NAOC. The natives are also calling on the oil firm to contain a second spill point from last month’s leakage from the Tebidaba/Brass … [Read more…]
The Federal Government through its Nigerian Midstream and Downstream Petroleum Regulatory Authority may return to the overseas supplier, the contaminated Premium Motor Spirit, popularly called petrol, which was imported into the country by the Nigerian National Petroleum Company Limited. Oil marketers estimated that about 100 million litres of contaminated petrol were imported into Nigeria … [Read more…]
A civil society organisation, the Socio-Economic Research and Development Centre, SERDEC, Tuesday, called on the federal government, agencies and international bodies to put an end to what it called the marginalization and economic injustice being perpetrated against the Original Inhabitants, OIs, in the Federal Capital Territory, FCT. The group made the call at the … [Read more…]
Abuja division of the National Industrial Court (NIC), Abuja, will, today, hear an alleged contempt suit filed by medical doctors operating under the platform of Association of Specialist Medical Doctors in Academics (ASMEDA). The doctors filed the action against the Minister of Finance, Zainab Ahmed, over alleged disregard to court order. Also joined … [Read more…]
President Muhammadu Buhari, Thursday, pledged to continue to support the Nigerian private sector with policies and programmes to propel it toward higher investments and productivity in the various sectors of the economy, even as he acknowledged that economic policies of his administration are indeed working. Buhari, who spoke at the official commissioning of line 4 … [Read more…]
The Federal Government on Monday met with oil marketers in the downstream sector to perfect plans for the full deployment of autogas in filling stations and the conversion of 200,000 commercial vehicles to run on gas this year. At the meeting, which was convened in Abuja by the Minister of State for Petroleum Resources, … [Read more…]
Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said yesterday that the Federal Government has suspended removal of fuel subsidy. She said the government had made provisions for subsidy in the 2022 budget from January to June this year, adding that government will forward a request to the National Assembly to make additional … [Read more…]
Nigerians seem to be at crossroads over the move by the Federal Government to suspend payment of subsidy on Premium Motor Spirit (PMS), popularly called petrol. President Muhammadu Buhari had in August 2021 signed the Petroleum Industry Bill into law, signaling an end to petrol subsidy. But in what looks like a dramatic twist, … [Read more…]
Nigeria’s economy, particularly the financial sector is faced with the risk of increased capital outflow in 2022 given the proposed interest rate hike by the United States of America’s Federal Reserve Bank (US Fed), equity researchers have said. Additionally, they said the rate hike would increase the cost of foreign borrowing for Nigeria and possibly … [Read more…]
The House of Representatives, yesterday, passed for second reading, a bill to repeal the Investments and Securities Act (ISA) 2007 and enact the Investments and Securities Act to establish Securities and Exchange Commission (SEC). The bill, which seeks to make SEC the apex regulatory authority for the Nigerian capital market, prescribes 10-year jail term … [Read more…]
Decision on removal of subsidy on petroleum would be made in June when the provision for its payment in the 2022 budget expires, the National Economic Council (NEC), has said. Responding to questions while briefing State House Correspondents on the outcome of the meeting, Governor of Nasarawa State, Abdulahi Sule, said it was understandable … [Read more…]