Ondo community signs pact with IPP

Respite may be becoming the way of residents of Aboto community in Ilaje Local Government Area of Ondo State as it has sealed an agreement with R.R. Reynolds, an Independent Power Provider, on billing terms and prompt payment. The pact was sealed during a town hall meeting in Aboto on Thursday.

Emefiele Sworn In For Second Tenure

Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), was yesterday sworn in for a second tenure. According to a statement by the Director Corporate Communications, Mr Isaac Okoroafor, Emefiele was sworn in by the Bank’s Secretary and Director, Corporate Secretariat Department, Mrs Alice Karau.

Blacklist Firms Importing Palm Oil, Buhari Orders CBN

As part of efforts to ensure the growth of small and medium scale enterprises in the country, President Muhammadu Buhari has directed the Central Bank of Nigeria to blacklist any firm, its owner and top management caught smuggling or dumping any of the restricted 43 items into the country. The directive was disclosed by the apex bank Governor, Mr Godwin Emefiele on Friday in Abuja during a meeting with oil palm producers.

AMCON To Opt For Alternative Debt Recovery Plan

The Asset Management Corporation of Nigeria (AMCON) will be deploying superior methods like out-of-court settlements to recover over N5 trillion worth of debt. This was after a panel of judges led by Justice I.N. Buba urged the corporation to opt for the Alternative Dispute Resolution (ADR) during the 2019 Annual Seminar for External Solicitors and Asset Management Partners (AMPs) of AMCON, at Sheraton Hotel, Abuja.

100m Nigerians out of poverty soon - Buhari

President Buhari on Wednesday while presenting a speech during the nation's maiden democracy day noted that his administration was perfecting plans to take over one hundred (100) million Nigerians out of poverty in 10 years. He noted that his administration would ensure rapid and positive growth in the economy to move Nigeria away from poverty.

Rivers State Governor, Nyesom Wike, has given roadside mechanics, roadside car dealers, street traders and private taxi park operators one month to vacate the streets of Port Harcourt. According to Punch, the Governor issued the directive while speaking with the mechanics, street traders and others at the Government House, Port Harcourt on Friday.

FG To Lift Land Border Vehicle Importation Ban – Custom Boss

The Comptroller General of Nigeria Customs Services, Hameed Ali says the Federal Government may lift subsisting ban on importation of vehicles through the land border.

PENGASSAN: Buhari Mourns Late Johnson

President Muhammadu Buhari on Friday 31st May 2019 expressed deep sadness over the death of the President of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Francis Johnson.
In a statement by President Buhari's Senior Special Assistant on Media and Publicity, Mallam Garba Shehu, said the President joined members of PENGASSAN and all labour unions in the country in mourning the visionary leader, whose good nature, understanding and forthrightness helped in improving the welfare of workers, and contributed immensely to the stability witnessed in the oil sector.

NNPC Makes N174.62bn From Petroleum Products Sales

The Nigerian National Petroleum Corporation (NNPC) says it has recorded N174.62billion from sales of white products in March 2019. The information is contained, in the corporation’s Monthly Financial and Operations Report (MFOR) for March 2019.

FG Removes VAT On Cooking Gas

As part of plans to ensure sanity in the Nation's Energy sector, the Federal Government of Nigeria on Thursday 30th May 2019 announced the removal of Value Added Tax (VAT) on liquefied petroleum gas (LPG), also called cooking gas. It has been established that the issues have raised concern to members of the Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM).