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Daily Archives: June 8, 2020

CILT Urges Transport Stakeholders To Reconsider NTC Bill

CILT Urges Transport Stakeholders To Reconsider NTC Bill

By Kenneth Jukpor   One year after President Mohammadu Buhari declined assent to the National Transport Commission (NTC) bill, the Chartered Institute of Logistics and Transport (CILT) Nigeria has admonished transport experts to reconsider the bill.   The President of ...

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Gencos oppose reversing privatisation, allege N1tn debt

Gencos oppose reversing privatisation, allege N1tn debt

Electricity generation companies on Sunday kicked against calls by the Senate for a reversal of the privatisation of the power sector. The Gencos also announced that the indebtedness of the power sector to electricity producers had risen to about N1tn ...

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Contributory pension assets rose by N359bn in four months

Contributory pension assets rose by N359bn in four months

Despite the challenges in the economy occasioned by the coronavirus pandemic, the total pension assets under the Contributory Pension Scheme rose by N359bn from N10.2tn as of the end of December 2019 to N10.57tn as of the end of April ...

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Job losses loom in beverage companies as production drops

Job losses loom in beverage companies as production drops

Massive job losses in food and beverage companies are expected in the coming weeks, operators and workers have said. It was gathered that a myriad of factors such as access to foreign exchange, unavailability of raw materials and the need ...

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Marketers can’t fix petrol price, says FG

Marketers can’t fix petrol price, says FG

The Federal Government has said oil marketers are not free to fix the price of Premium Motor Spirit, popularly called petrol. A statement in Abuja on Sunday by the Petroleum Products Pricing Regulatory Agency said the government had not conferred ...

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NASS, IMC square up in NDDC’s web of intrigues as region suffers

You can’t hijack public works scheme, Lawan tells Keyamo

Attempt by the National Assembly to unravel grotesque details of alleged N40 billion financial malfeasance in the Niger Delta Development Commission (NDDC) may suffer some snags following the abrupt demise of the agency’s Acting Executive Director, Finance and Administration, Ibanga ...

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