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By 'Dotun Akintomide The Federal Government, Wednesday, debunked claims of paying subsidy on Petrol, saying technically, no subsidy was being paid to the importers of petroleum products, but Nigerian National Petroleum Corporation, NNPC, has been balancing the differential through a certain "under recovery" arrangement. The under recovery, which the NNPC pays to cover the loss,…
February 1, 2018
The trade and economic cooperation between China and Nigeria has prospered with bilateral trade hitting $11.2 billion with first 10 months of 2017. The figure put the growth rate at 28.5 per cent which made Nigeria as China’s third largest trading partner and second export partner in Africa. Mr Zhao Linxiang, Economic and Commercial Counsellor,…
January 26, 2018
N145 Pump Price Not Sustainable Again, Says Kachikwu Baru: Spiking Prices In Neighboring Countries Led To Fuel Diversion By 'Dotun Akintomide As the lingering fuel crisis hit its crescendo, facts emerged Thursday that the presidency had been subsidising petrol for N26 per litre without authorisation of the parliament which ought to pass such expenditure as…
January 5, 2018
By 'Dotun Akintomide Less than 24 hours after a system collapse was expressed within the Lagos transmission region, the blackout woes spread across Nigeria Wednesday after efforts by the Transmission Company of Nigeria (TCN) to restore electricity failed, following a second system collapse of transmission network at exactly 14.19 hours. According to TCN, the second…
January 4, 2018
The management of Dangote Industries Limited has again rejected BUA Group’s claim to ownership of Mining Lease No 2541. Dangote, in a statement yesterday said its reaction became very necessary as a result of its status as a publicly quoted company and to further re-assure its shareholders, the regulators, and members of the public that…
December 22, 2017
Say Nigerians Dealing With A Fascist Govt ...As Sale Will Erase Nation's History Challenge FG On Innovative Budget Funding Options By 'Dotun Akintomide Civil society organizations and labour union leaders have decried plans by the federal government to sell off key national assets and symbols of nationhood in the country for the purpose of financing…
December 19, 2017
'Dotun Akintomide With Agency Report The Nigerian National Petroleum Corporation (NNPC) distributed and sold about 1.3 billion litres of petroleum products throughout the country in September, a report has said. A statement issued in Abuja on Monday by Mr Ndu Ughamadu, NNPC Group General Manager Public Affairs Division, said the figure was contained in the…
December 19, 2017
Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs. He said that the refinery…
December 14, 2017
As the Lagos State Government commences the yuletide sale of Lake Rice at various centres across the State, the Commissioner for Agriculture, Mr. Oluwatoyin Suarau has assured that the present administration will ensure the continuous availability of the rice in designated centres as well as work assiduously to ensure adequate supply. The Commissioner, who disclosed…
December 13, 2017
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By 'Dotun Akintomide The Federal Government, Wednesday, debunked claims of paying subsidy on Petrol, saying technically, no subsidy was being paid to the importers of petroleum products, but Nigerian National Petroleum Corporation, NNPC, has been balancing the differential through a certain "under recovery" arrangement. The under recovery, which the NNPC pays to cover the loss,…
February 1, 2018
The trade and economic cooperation between China and Nigeria has prospered with bilateral trade hitting $11.2 billion with first 10 months of 2017. The figure put the growth rate at 28.5 per cent which made Nigeria as China’s third largest trading partner and second export partner in Africa. Mr Zhao Linxiang, Economic and Commercial Counsellor,…
January 26, 2018
N145 Pump Price Not Sustainable Again, Says Kachikwu Baru: Spiking Prices In Neighboring Countries Led To Fuel Diversion By 'Dotun Akintomide As the lingering fuel crisis hit its crescendo, facts emerged Thursday that the presidency had been subsidising petrol for N26 per litre without authorisation of the parliament which ought to pass such expenditure as…
January 5, 2018
By 'Dotun Akintomide Less than 24 hours after a system collapse was expressed within the Lagos transmission region, the blackout woes spread across Nigeria Wednesday after efforts by the Transmission Company of Nigeria (TCN) to restore electricity failed, following a second system collapse of transmission network at exactly 14.19 hours. According to TCN, the second…
January 4, 2018
The management of Dangote Industries Limited has again rejected BUA Group’s claim to ownership of Mining Lease No 2541. Dangote, in a statement yesterday said its reaction became very necessary as a result of its status as a publicly quoted company and to further re-assure its shareholders, the regulators, and members of the public that…
December 22, 2017
Say Nigerians Dealing With A Fascist Govt ...As Sale Will Erase Nation's History Challenge FG On Innovative Budget Funding Options By 'Dotun Akintomide Civil society organizations and labour union leaders have decried plans by the federal government to sell off key national assets and symbols of nationhood in the country for the purpose of financing…
December 19, 2017
'Dotun Akintomide With Agency Report The Nigerian National Petroleum Corporation (NNPC) distributed and sold about 1.3 billion litres of petroleum products throughout the country in September, a report has said. A statement issued in Abuja on Monday by Mr Ndu Ughamadu, NNPC Group General Manager Public Affairs Division, said the figure was contained in the…
December 19, 2017
Dangote Refinery currently under construction would save Nigeria $12 billion annual import substitution, create 4,000 direct jobs and crash prices of petroleum products. Mr Babajide Soyode, the Technical Consultant to Alhaji Aliko Dangote, said the project would add value to the economy as it would also create 145,000 indirect jobs. He said that the refinery…
December 14, 2017
As the Lagos State Government commences the yuletide sale of Lake Rice at various centres across the State, the Commissioner for Agriculture, Mr. Oluwatoyin Suarau has assured that the present administration will ensure the continuous availability of the rice in designated centres as well as work assiduously to ensure adequate supply. The Commissioner, who disclosed…
December 13, 2017
