Category: Economy
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Zabazaba deepwater $13.5bn project: Ijaw group mounts pressure on Pres. Buhari
An Ijaw socio-political group has appealed to President Muhammadu Buhari to approve the Zabazaba Deepwater Project as a way of boosting local content in the Nigerian oil and gas industry. The group, known as Patriots of Ijaw Nation (PIN), made the call Monday in Yenagoa in a statement signed by its Publicity Secretary, Mr. Kesiye…
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Financial expert mulls early passage of 2018 budget, urges FG work with NASS
A financial expert, Prof. Sheiffdeen Tella, on Monday called on the Federal Government to work closely with the National Assembly to ensure speedy passage of 2018 budget. Tella, a Professor of Economics at the Olabisi Onabanjo University, Ago-Iwoye in Ogun, in Lagos said this was to avoid returning the country to recession. President Muhammadu Buhari…
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$1bn insurgency fund might be supplementary part of 2018 Budget – Ita Enang
Special Adviser to President Muhammadu Buhari on National Assembly Matters, Senator Ita Enang, has said the one billion dollars insurgency fund approved by governors for the Federal Government to tackle insecurity in the country might pass as a supplementary bill in the 2018 budget. The Presidential aide stated this while addressing Statehouse correspondents on Friday…
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DAPPMA assures Nigerians of steady supply of petrol
The Depot and Petroleum Products Marketers Association (DAPPMA) has assured Nigerians of regular supply of petrol, in spite of the N600 billion owed it by the Nigerian National Petroleum Corporation (NNPC). Its Executive Secretary, Mr Olufemi Adewole, gave the assurance in a statement issued in Lagos on Thursday. Adewole said that apart from the N600…
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Again! NNPC, DPR dispense 57,000 litres free petrol to motorists
A team of officials from Department of Petroleum Resources (DPR) Nigerian National Petroleum Corporation (NNPC) and security agents on Thursday dispensed 57,000 litres of petrol free to motorists. Mr Umar Ajiya, the Managing Director, Nigerian Product Marketing Company, NPMC, also known as PPMC, had on Dec. 13, warned illegal profiteers to desist or face losing…
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Former Kaduna Governor, Balarabe Musa reveals characters behind fuel crisis
A former Governor of the old Kaduna State, Alhaji Balarabe Musa, has blamed the current fuel crisis on activities of saboteurs in the oil industry. Musa on Thursday from Kaduna said Nigerians were going through this hardship due to selfish interest of some people. He alleged that some petroleum marketers, in connivance with some government…
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Gov. Dickson presents N295bn budget for 2018
Gov. Seriake Dickson of Bayelsa on Friday presented an appropriation bill of over N295 billion to the state House of Assembly for deliberation and approval for the 2018 fiscal year. Presenting the budget on the floor of the House in Yenagoa, Dickson said the estimates comprised a capital expenditure of about N146.9 billion. The Appropriation…
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Petrol pump price hits N250 per litre as DPR forces NNPC mega station to dispense product
The supply and price of Petrol in Anambra have worsened as customers now pay between N250 and N300 per litre in the state. Most filling stations in Awka and its environs had the product but refused to dispense. However, the Department of Petroleum Resources (DPR) monitoring and enforcing the situation, compelled marketers to sell the…
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Uber is a transport line like GIGM, and should be treated as such – EU court ruling
A European Union (EU) top court on Wednesday ruled that Uber is like God is Good Motors (GIGM) and any other transportation company, instead of an app, and should be regulated as such. A Spanish taxi association sued Uber after the ride-hailing firm drew the fury of local taxi drivers and officials for flouting local…
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Christmas: Baru assures Nigerians of sufficient supply of petroleum products
Dr Maikanti Baru, the Group Managing Director(GMD) of the Nigerian National Petroleum Corporation (NNPC) has assured Nigerians of sufficient supply of petroleum products during and after the Christmas and New Year celebrations. Baru gave the assurance on Tuesday when Gov. Abubakar Bello of Niger paid him a courtesy visit at the NNPC Towers in Abuja.…