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FG Inaugurates Team To Monitor, Track Imported Fuel

FG Inaugurates Team To Monitor, Track Imported Fuel

The Federal Government has  inaugurated a new team of 89 to monitor and track petroleum products imported into the country. Minister of State for Petroleum Resources, Timipreye Sylva, who inaugurated the team, said membership of the team was drawn from five ...

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Fuels Marketers To Improve Supply Ahead Of Yuletide

Fuels Marketers To Improve Supply Ahead Of Yuletide

Petroleum product suppliers under the auspices of Natural Oil and Gas Suppliers Association of Nigeria (NOGASA), has assured the public of improved supply across the country, particularly as the festive seasons approach. Rising from a National Working Committee meeting, in ...

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FG worries over drop applications for mining licences

FG worries over drop applications for mining licences

The Federal Government on Thursday expressed concern over a decline in the number of applications for mining licences in the country. Records presented by the Nigerian Mining Cadastre Office, an agency in the Ministry of Mines and Steel Development, during ...

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‘Nigeria, third largest recipient of FDI in Africa’

‘Nigeria, third largest recipient of FDI in Africa’

Nigeria has been ranked the third largest recipient of foreign direct investment in Africa, data from Ernst & Young has shown. The EY Africa Attractiveness Survey 2019 Report, which was launched in Lagos on Wednesday, showed that FDI inflow into ...

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‘Nigeria can generate $292bn from iron ore, lead’

The Nigerian Institution of Metallurgical, Mining and Materials Engineers on Thursday said available reserves of iron ore and lead in the country could generate about $292bn. Chairman of NIMMME, Ayodeji Adeyemo, who spoke during his investiture on Thursday, said it ...

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FG, China sign $3.9bn Abuja-Itakpe-Warri rail contract

FG, China sign $3.9bn Abuja-Itakpe-Warri rail contract

The Federal Government has signed a $3.9bn contract with the China Railway Construction Corporation Limited for the construction of a new Abuja-Itakpe-Lokoja rail line. The rail line will pass through Baro and have a branch line to Lokoja, the Kogi ...

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Senators fault Buhari’s budget, vow overhaul

Senators fault Buhari’s budget, vow overhaul

• Lament higher debt servicing, lower capital expenditure • Say projection on increased oil production flawed • Fiscal plan is focused, APC chieftain insists Senators yesterday criticised the N10.33 trillion 2020 budget presented by President Muhammadu Buhari for lacking the capacity to ...

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Criticism trails renewal of 42 oil block licences

Criticism trails renewal of 42 oil block licences

• ‘Nation risks being hugely shortchanged’ • How govt should handle it, by stakeholders • Reps move to check crude oil theft Stakeholders, including civil society organisations, have raised the alarm that the country risks being greatly shortchanged in the way the ...

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Lagos gets 300MW power plant from UAE

Lagos gets 300MW power plant from UAE

The United Arab Emirates has established a 300 megawatts renewable energy power plant in Lagos. UAE’s Ambassador to Nigeria, Fahad Obaid Al Taffaq, disclosed this in Abuja when he paid a courtesy visit on the Minister of Power, Sale Mamman. ...

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Budget: Buhari plans massive development, works gets lion’s share

Budget: Buhari plans massive development, works gets lion’s share

President Muhammadu Buhari on Tuesday proposed the highest allocation of N262bn to the Ministry of Works and Housing, just as Power, Transportation and Defence followed with N123bn, N112bn and N100bn, respectively in the 2020 budget estimates presented to the National ...

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Fayemi wants Senate scrapped, Oronsaye report implemented

Fayemi wants Senate scrapped, Oronsaye report implemented

The Governor of Ekiti State, Kayode Fayemi, has called for the scrapping of the Senate to reduce the size of governance. He said that going by the current economic realities, the type of legislative system that would really work for ...

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FG may revoke Abuja, Ikeja, six Discos’ licences

FG may revoke Abuja, Ikeja, six Discos’ licences

The Federal Government may cancel the licences of eight power distribution companies as the Discos breached some provisions of the Electric Power Sector Reform Act in July 2019. According to the Nigerian Electricity Regulatory Commission, the eight power firms include ...

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Senate okays oil, gas museum research centre in Oloibiri community

Senate yesterday resolved to ask the Federal Government to direct the Petroleum Technology Development Fund (PTDF) to begin construction of the oil, gas and research centre in Oloibiri Community, Bayelsa State where oil was first discovered in commercial quantity in ...

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Nigeria’s Colorful Representation ICAO 40th Assemblage

Nigeria’s Minister of Aviation, Senator Hadi Sirika led a rich delegation to the 40th Assemblage of the International Civil Aviation Organization (ICAO) in Montreal, Canada recently. Enjoy the photos!

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 Holds Parley With Port Stakeholders In Port Harcourt

As part of efforts to ensure all stakeholders work in unison to boost port efficiency at Rivers Port, the Managing Director of Nigeria Ports Authority (NPA) Ms. Hadiza Bala-Usman had a fruitful interactive session with officers of the Authority and ...

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Customs continue raid, shut 272 car marts

Customs continue raid, shut 272 car marts

The crackdown by the personnel of the Nigeria Customs Service on car marts suspected to harbour smuggled vehicles has continued nationwide. Our correspondent gathered on Monday that so far, the Customs Comptroller General’s Strike Force and the Customs Federal Operations ...

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FCMB promises improved service delivery

FCMB promises improved service delivery

First City Monument Bank has restated its commitment to attain the highest level of customer advocacy by leveraging its solid business models, bespoke solutions, and excellent service delivery. It added that its  highly professional staff and technology would also be ...

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Customs-seized vehicle kills Ogun student, injures others

Customs-seized vehicle kills Ogun student, injures others

The driver of a suspected smuggled vehicle seized by the  Nigeria Customs Service in Ogun State on Monday reportedly crushed a student to death and injured two others in Ihunbo,  Ipokia Local Government Area of the state. It was learnt ...

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NAMA to install VSAT stations in 26 airports

NAMA Boosts Airways Communication In North Eastern Corridor

The Nigerian Airspace Management Agency says it plans to install VSAT stations in 26 airports across the country to boost communication in the airspace. The Managing Director of NAMA, Capt. Fola Akinkuotu, said the plan was in line with the ...

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Auto dealers, others battle FG over used Chinese cars

Auto dealers, others battle FG over used Chinese cars

The Federal Government has come under intense pressure to stop the planned sale of used Chinese cars in the country even as some Nigerian firms interested in marketing the low-cost vehicles are reportedly making enquiries. Already, many vehicle assemblers, car ...

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