Businessman Drags AEDC to Court Over Illegal Billing, Demands N10m Damages

BusinessNewsNigeriaPowerBusinessman Drags AEDC to Court Over Illegal Billing, Demands N10m Damages

PilotnewsJanuary 20, 2021

A businessman, Jerry Okolo on Wednesday dragged The A Abuja Electricity Distribution Company (AEDC), before an FCT High Court, Gudu, for alleged illegal billing. Okolo, who instituted the suit against the defendant along with his landlord, Abimaje Ebute as co-claimant, is also demanding N10 million as general damages for the alleged illegal and unlawful actions of the defendant. The claimants are also praying for N5 million as damages for inconveniences and losses incurred by them....

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Air Peace Resumes Dubai Flights Feb. 5, Increases Operations to Enugu

BusinessNewsNigeriaTravelAir Peace Resumes Dubai Flights Feb. 5, Increases Operations to Enugu

PilotnewsJanuary 20, 2021

Nigeria’s leading airline, Air Peace has announced the resumption of flights into Dubai via Sharjah commencing from Feb. 5 The Spokesperson of the airline, Mr. Stanley Olisa, disclosed this in a statement on Wednesday in Lagos. Olisa said that the airline had also increased its flight frequency to and out of Enugu. He stated that the Dubai via Sharjah service would be operated once a week. “We are delighted to announce that we shall be...

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Kyari Mourns Marinho, Pioneer MD of NNPC

NewsNigeriaObituaryKyari Mourns Marinho, Pioneer MD of NNPC

PilotnewsJanuary 20, 2021

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has lamented the death of the pioneer Managing Director of the Corporation, Chief Festus Marinho. Kyari made this known on Wednesday in a statement issued by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, in Abuja. He described Marinho as “the Father of Oil & Gas Industry in Nigeria” because of the pioneering roles he played in the...

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Trading Rebounds On NSE, Up N50bn

EconomyInvestingNewsNigeriaTrading Rebounds On NSE, Up N50bn

PilotnewsJanuary 20, 2021

Transactions on the Nigerian Stock Exchange (NSE) rebounded on Wednesday by N50 billion, halting two consecutive days bearish trend due to sustained bargain-hunting in insurance stocks. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N21.474 trillion inched higher by N50 billion or 0.23 per cent to close at N21.524 trillion. Also, the All-Share Index increased by 96.09 points or 0.23 per cent to close at 41,147.72 against 41,051.63 points...

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S. Africa Records Lowest Inflation in 16 years

AfricaEconomyNewsS. Africa Records Lowest Inflation in 16 years

PilotnewsJanuary 20, 2021

South Africa’s annual Consumer Price Index (CPI) for 2020 was at 3.3 per cent, the lowest inflation recorded since 2004, Statistics South Africa (Stats SA) said on Wednesday. Stats SA attributed food and non-alcoholic beverages as the main drivers of inflation in December with a monthly increase of 0.5 per cent and an annual rise of 6.0 per cent. This was up from November’s annual reading of 5.8 per cent. “Meat prices rose by 7.3...

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Trial of Ex-SGF Lawal, 5 Others for Alleged N544m Fraud Begins

CorruptionLaw & JusticeNewsNigeriaTrial of Ex-SGF Lawal, 5 Others for Alleged N544m Fraud Begins

PilotnewsJanuary 20, 2021

The trial of a former Secretary to the Government of the Federation, Babachir Lawal, and five others began on Wednesday in an FCT High Court in Jabi, Abuja. The Economic and Financial Crimes Commission (EFCC)   called its first witness. The prosecution witness, a relationship manager in the Sales Department, First City Monument Bank (FCMB), Mohammed Babansule, tendered the statement of account of one of the companies, Josmon Technologies Ltd., the sixth defendant. Some other documents...

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U.S. Will Repair Global Alliances for Future Challenges – Biden

Foreign PolicyNewsUnited StatesU.S. Will Repair Global Alliances for Future Challenges – Biden

PilotnewsJanuary 20, 2021

In his first message to foreign nations as president, Joe Biden vowed to repair the U.S.’ alliances with other nations. “We will repair our alliances, engage with the world once again, not to meet yesterday’s challenges, but today’s and tomorrow’s challenges. “America has been tested. And we’ve come out stronger for it,” Biden said. Biden declared that the U.S. is facing a “time of testing” and must rise to the challenges. “I believe we will,”...

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U.S. President Joe Biden’s Inaugural speech

NewsPoliticsUnited StatesU.S. President Joe Biden’s Inaugural speech

PilotnewsJanuary 20, 2021

Below is the U.S. President Joe Biden’s inaugural address as prepared for delivery. Chief Justice Roberts, Vice President Harris, Speaker Pelosi, Leader Schumer, Leader McConnell, Vice President Pence, and my distinguished guests, my fellow Americans, this is America’s day. This is democracy’s day, a day of history and hope, of renewal and resolve. Through a crucible for the ages, America has been tested anew. And America has risen to the challenge. Today we celebrate the...

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Police Kill 2 Suspected Kidnappers in Plateau

Crime & SecurityPolice Kill 2 Suspected Kidnappers in Plateau

PilotnewsJanuary 19, 2021

The Police Command in Plateau have killed two suspected kidnappers in Gindiri, Mangu Local Government Area of the state. ASP Ubah Ogaba, the Police Public Relations Officer (PPRO) in the command, disclosed this in a statement on Monday in Jos. According to him, the criminals were killed after a gun battle with the police on Monday afternoon, adding that other members of the notorious gang escaped with various degrees of injuries.  “In our unrelenting efforts...

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CBN provides N10bn Intervention Funds to Kano to Revive Industries –Consortium

CoronavirusInvestingNewsNigeriaCBN provides N10bn Intervention Funds to Kano to Revive Industries –Consortium

PilotnewsJanuary 19, 2021

Kano Investment and Diaspora, in partnership with the Foreign Commonwealth Development ((LINKS) and Manufacturers Association of Nigeria (MAN) have secured an N10 billion intervention fund from the Central Bank of Nigeria (CBN) to revive companies impacted by the Covid-19 pandemic. Speaking at the sensitization meeting on Kano Turnaround Project, on Monday, in Kano, the Director-General of KanInvest & Diaspora, Hajiya Hama Ali, said the programme, which was designed to revive companies that had been affected...

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