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NUPENG, PENGASSAN fume over petrol price hike

Lagos seals 11 petrol stations, 19 others

• Pricing regulator remains silent, operators seek clarity As more marketers raised the pump price of Premium Motor Spirit (petrol) on Thursday, the Nigeria Union of Petroleum and Natural Gas Workers and the Petroleum and Natural Gas Senior Staff Association ...

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CBN, OAGF clash with NDDC over N2.1bn media expenses

FG recorded N409.39bn fiscal deficit in August – CBN

The record of the Central Bank of Nigeria and the Office of the Accountant-General of the Federation showed that the Interim Management Committee of the Niger Delta Development Commission spent N2.1bn on public communication between October 2019 and May 2020. ...

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Uzodinma plotting to take over House, alleges Edo Assembly

Uzodinma plotting to take over House, alleges Edo Assembly

The Edo State House of Assembly on Wednesday accused the Imo State Governor, Hope Uzodinma, and members of the All Progressives Congress in Edo State of plotting to take over the affairs of the House. The Speaker, Mr Frank Okiye, ...

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NCC revises USSD pricing, says 20 seconds costs N1.63

NCC revises USSD pricing, says 20 seconds costs N1.63

The Nigerian Communications Commission has revised the Unstructured Supplementary Service Data pricing to allow mobile network operators and financial institutions negotiate mutually beneficial rates. The Executive Vice Chairman, NCC, Prof. Umar Danbatta, said the commission amended the determination earlier issued ...

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Lagos slashes land use charge, waives N5.7bn fees

Lagos slashes land use charge, waives N5.7bn fees

The Lagos State Government has said it will reduce its land use charges and other penal fees by reversing the rate of land use charge to pre-2018, while upholding the 2018 method of valuation. The Commissioner for Finance, Dr Rabiu ...

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Reps summon Amaechi, Ahmed, DMO DG, others over Chinese loans

Reps quiz firm for insuring Immigration’s grounded aircraft

The House of Representatives has summoned the Minister of Finance, Budget and National Planning, Zainab Ahmed and the Minister of Communications and Digital Economy, Isa Pantami. Also summoned by the lawmakers are the Minister of Power, Saleh Mamman; and the ...

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FG, Lagos unveil smart meters initiative to improve electricity access

FG, Lagos unveil smart meters initiative to improve electricity access

In efforts to address the metering gap in Lagos and Nigeria, the Lagos State Government through its Ministry of Energy and Mineral Resources, in collaboration with the Eko Innovation Centre, has unveiled a Smart Meter Initiative, tagged, “The Lagos Smart ...

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Power generation hits peak at 5,377MW

Niger, Benin, Togo pay Nigeria N2.04bn electricity bill

The power sector has recorded a peak generation of 5,377 megawatts, the Transmission Company of Nigeria has said. It disclosed this in a tweet via its official Twitter handle and stated that the new record was achieved on August 1, ...

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China becoming apprehensive about Nigerian loans, says FG

China becoming apprehensive about Nigerian loans, says FG

China is becoming apprehensive about releasing loans to Nigeria following probes by the National Assembly on loans earlier released to Nigeria by the Asian nation, the Federal Government said on Tuesday. Although the government insisted that no nation could recolonise ...

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Nigerians pay N2tr for calls, data in six months

Nigerians pay N2tr for calls, data in six months

• COVID-19 pushes up expenditure amid poor services • Each subscriber spends N1,725 monthly • GSM operators see more growth, MTN claims pandemic spike data usage The COVID-19 pandemic and its economic disruptions notwithstanding, the first half of the year ...

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We obeyed law on OPL 245 – Eni

We obeyed law on OPL 245 – Eni

Eni, a global oil giant, with operations in Nigeria, on Monday said it complied with the law on issues pertaining to Oil Prospecting License 245. It said in a statement issued by Eni’s subsidiary, Nigerian Agip Oil Company, the international ...

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Union asks dock employers to obey government directives

Union asks dock employers to obey government directives

Maritime Workers Union of Nigeria have kicked against dock labour employers who refused to grant registered stevedores and dock workers access to the operational areas allocated to them by the Nigerian Ports Authority. In a statement issued on Tuesday signed ...

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CBN disburses N539.8m loans to farmers in three months

CBN disburses N539.8m loans to farmers in three months

The Central Bank of Nigeria disbursed N539.8m loans to farmers between January and March 2020. It disclosed this in its third quarter economic report on titled ‘Agricultural credit guarantee scheme’, obtained on Monday. Part of the report reads, “A total ...

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Air Peace sacks 70 pilots, others, blames COVID-19 downturn

Low passenger volume as domestic flights resume fully

Air Peace has sacked about 70 pilots and implemented  pay cuts ranging from one per cent to 40 per cent in a bid confirmed the termination of some of its pilots contracts across its fleet. According to a statement issued ...

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Second NNPC ex-GMD dies within three months

Second NNPC ex-GMD dies within three months

The Nigerian National Petroleum Corporation on Monday announced the demise of its former Group Managing Director, Dr Joseph Dawha. Dawha is the second ex-GMD of the national oil firm to have passed on in the last three months, as the ...

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High debt profile: Publish details of loans or face legal action, NLC, TUC, others tell FG

High debt profile: Publish details of loans or face legal action, NLC, TUC, others tell FG

• Nigerians facing harsh economic difficulties despite high accumulated debts – Labour, others The Nigeria Labour Congress, the Trade Union Congress and 80 other organisations, under the aegis of the  Alliance for Surviving COVID-19 and Beyond, on Monday asked the ...

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PDP asks Oshiomhole to present Primary Six certificate

Oshiomhole pleads for out-of-court settlement in Ortom’s N10bn suit

The Peoples Democratic Party, on Monday, asked a former National Chairman of the All Progressives Congress, Adams Oshiomhole, to present his Primary School Leaving Certificate if he actually went to school. The Chairman of the PDP Campaign Council for the ...

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Nigeria’s oil projects threatened as IOCs suffer $27.8bn loss

NNPC raises petrol depot price, marketers to sell at N168-N170/litre

Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country saw their financials take a dive in the second quarter of this year. The slump in oil prices caused by ...

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Stamp Duty: How Businesses Will Be Affected – LCCI, Marine Experts  

Stamp Duty: How Businesses Will Be Affected---LCCI, Marine Experts  

·   FG’s revenue generation priority is misplaced – Housing Agents ·   Expect inflation, SMEs will suffer most – Finance Experts By Kenneth Jukpor Nigerians and indigenous businesses may have to brace themselves up for more economic pangs with the planned ...

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Tomiscious Toyin

Tomiscious Toyin

Oluwatoyin Albert is the Divisional Head, Sales, Marketing and Product Development, Xpress Payment. Oluwatoyin is an acute brand story teller with vast experience in sales, marketing, corporate communications, brand and the product development. She always ensures the creation of innovative ...

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