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Business and Economy

NNPC, oil marketers join forces to end emerging fuel queues ….Begins operation `One Cargo per Day’

The Nigerian National Petroleum Corporation, NNPC, has stepped up collaboration with the Major Oil Marketers Association of Nigeria, MOMAN and other downstream industry players to end the resurgence of fuel queues in some major cities across the country especially in Lagos and environs. The NNPC, in a release on Monday, …

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Let NDDC focus on big ticket projects, Gov. Okorocha; We’ll not accept substandard delivery – Semenitari

The Imo State Governor, Owelle Rochas Okorocha has advised the Niger Delta Development Commission, NDDC, to focus more on building big ticket projects that would connect states in the region. The governor was speaking Friday when the NDDC Acting Managing Managing Director, Mrs. Ibim Semenitari visited him at his residence …

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‘Pure water’ hawkers’ protest shuts down Benin, as traders storm Delta council headquarters over illegal levies

AGENE GODWIN, Benin While hundreds of angry hawkers of sachet water (popularly called ‘pure water’), Thursday, took to the streets of Benin City, the Edo state capital, to protest the sudden hike in the price of the product by the distributors in the state, those in Asaba market, in Delta …

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Airtel Unveils Smart Number Service … Customers can now get an additional number on their existing Line

Leading telecommunications services provider, Airtel Nigeria, has announced the introduction of Smart Number service, an innovative package that allows customers to use an additional line or number on their original Airtel SIM card, yet maintaining a single mobile phone. The new package is designed to empower owners of small businesses, …

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Gov. Ugwuanyi moves to revamp state-owned ailing industries … reconstitutes bodies on privatization and commercialization; Investment Summit on the way

Governor Ifeanyi Ugwuanyi of Enugu State has advanced the move of his administration to reinvigorate the economy of the state and boost her revenue base when he reconstituted two separate bodies on privatization and commercialization to revitalize the state-owned ailing industries. Reconstituted are the Enugu State Council on Commercialization and …

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Lagos Light Rail will become functional by December – Gov. Ambode; Plans 24-hr power supply to residents in 2 yrs

Lagos State Governor, Mr. Akinwunmi Ambode, Thursday, restated his administration’s commitment to ensure that the Blue Line of the Light Rail Project is up and running by December 2016. Governor Ambode, who spoke at the 5th Lagos Corporate Assembly, a forum for public-private sector engagement held at the Banquet Hall …

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We‘re rebuilding economy from scratch – Buhari tells British MPs, led by Anambra State-born Hon. Onwurah

President Muhammadu Buhari, Tuesday, told the visiting team of British Members of Parliament (PMs) at the State House, that his government was starting all over again to rebuild the economy. The British Members of Parliament (MPs) were led by Anambra State-born Hon. Chi Onwurah to the State House, Abuja. President …

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Saraki receives Innoson Motors CEO; Drives Made-in-Nigeria car; Says it’s govt’s duty to ensure success of indigenous firms

Senate President, Dr. Abubakar Bukola Saraki has said all arms of government have a duty to ensure the success of indigenous manufacturers as a way of rebuilding the economy and putting Nigerian youth to work. Saraki while receiving a delegation from the Innoson Motor Manufacturing Company, Nnewi, led by Chief …

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DMO is the engine room of the Nigerian Economy – Hon. Ajayi, House Committee Chairman; Some of our milestones so far – DG

In line with the usual Legislative tradition, the Committee on Aids, Loans and Debt Management of the House of Representatives undertook a familiarisation visit to the Debt Management Office, DMO, on Wednesday, February 10, 2016. The main purpose of the visit was to provide members of the Committee, led by …

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CAS Abubakar lauds Innoson Vehicle Manufacturing firm for providing NAF with technical support

For helping to modify and overhaul the brake assembly of the MB-339 aircraft for adoption on the Alpha Jets, indigenous auto firm, of Innoson Vehicle Manufacturing (IVM) Company, has received the commendation of the Chief of the Air Staff (CAS), Air Marshal Sadique Baba Abubakar. Abubakar while receiving the management …

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Efficiency Unit devises strategies to manage procurement costs *Says N825Bn spent on travel allowances, stationery, others in 3 years

In furtherance of its commitment to re-prioritising spending and cutting costs on recurrent expenditure, the Efficiency Unit of the Federal Ministry of Finance has said it is planning to introduce detailed price guidelines to ensure value for money in procurement by Ministries, Departments and Agencies (MDAs). To reduce the incidence …

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Recoveries from TSA may reduce amount to be borrowed for 2016 budget – Finance Minister

KEYNOTE ADDRESS BY THE HONOURABLE MINISTER OF FINANCE, MRS. KEMI ADEOSUN ON THE OCCASION OF ONE-DAY TREASURY SINGLE ACCOUNT (TSA) WORKSHOP FOR THE STATES ACCOUNTANTS-GENERAL HELD AT OAGF CONFERENCE HALL, ABUJA ON 8TH FEBRUARY, 2015 All protocols duly and respectfully observed. It is my singular honour and great pleasure to …

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