I’m Into Commercial Transport Business to Sustain My Family – Obiekwu

BusinessTransportationI’m Into Commercial Transport Business to Sustain My Family – Obiekwu

PilotnewsFebruary 15, 2022

AWKA —  A member of Atlanta ’96 Olympics Nigerian Golden Dream Team, Kingsley Obiekwu, says he now uses his only car for commercial transport to sustain his family. Obiekwu, Member of the Order of Niger (MON), said this in an interview with the News Agency of Nigeria on Tuesday in Awka. The veteran, who played for Rangers International FC, Enugu and Udoji United in his days, said he went into the transport business to sustain...

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Fuel Adulteration: NNPC Fingered Four Oil Companies

BusinessOil & GasStandards & Consumer ProtectionFuel Adulteration: NNPC Fingered Four Oil Companies

Hassan Umar Shallpella (Regional Correspondent)February 10, 2022

LAGOS — The Chief Executive Officer/Group Managing Director, Nigerian National Petroleum Company Limited (NNPC), Mallam Mele Kyari has named MRS, Oando, Duke Oil, and Emadeb as the importers of the adulterated fuel currently in circulation in the country. In a statement on Thursday that the company received a report from its quality inspector on the presence of emulsion particles in Premium Motor Spirit (PMS) cargoes shipped by four companies to Nigeria from Antwerp-Belgium. According to...

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FG to Investigate Importation of Off-spec Petrol

BusinessOil & GasStandards & Consumer ProtectionFG to Investigate Importation of Off-spec Petrol

Beloved John (Staff Writer)February 9, 2022

ABUJA — The federal government has vowed to investigate the supply of adulterated premium motor spirit (petrol). Timipre Sylva, minister of state for petroleum resources, disclosed this to state house correspondents at the end of the federal executive council meeting on Wednesday in Abuja. The minister affirmed that decision to probe followed a briefing on the issue to President Muhammadu Buhari Tuesday to get to the bottom of the matter. “The issue did not come...

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Reps Approve Bill to Penalize Who Use Government Funds for Medical Tourism

BusinessHealthReps Approve Bill to Penalize Who Use Government Funds for Medical Tourism

Beloved John (Staff Writer)February 9, 2022

ABUJA — The bill that seeks to penalise public officials who receive medical treatment abroad using government funds has passed the second reading at the house of representatives. The bill is sponsored by Sergius Ogun, a legislator from Edo state. Section 46 of the act prohibits public employees from seeking medical treatment abroad using public funds. However, the bill exempted officials who received the recommendation of a medical board and were approved by a commissioner or minister....

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Fintiri Ban Use Of Motorcycles In Two LGAs

BusinessTransportationFintiri Ban Use Of Motorcycles In Two LGAs

PilotnewsFebruary 9, 2022

YOLA — Governor Ahmadu Umaru Fintiri of Adamawa State has issued an Executive Order banning the use of Motorcycles from 5:00pm to 5:00am in Mbamba, Yolde Pate and Ngurore communities of Yola South Local Government. Also affected by the ban are Viniklang and Federal Housing Estate in Girei Local Government area. The development is a direct response to the growing activities of criminals that are disrupting the peace of the State. A statement by Mr....

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Sit-At-Home: Take A Cue From The Montgomery Bus Boycott, Stop Shooting Yourself in the foot

BusinessHuman Rights & FreedomNewsSit-At-Home: Take A Cue From The Montgomery Bus Boycott, Stop Shooting Yourself in the foot

Ije Ulasi (Regional Correspondent)February 7, 2022

ENUGU — The weekly sit-at-home order observed only in the south East have become a huge concern to leaders of thought, businessmen and well-meaning citizens and residents in that region as the end is not near insight. Logically one wonders what impact the order is actually making in the nation for only the southeast geopolitical zone out of the 6 zones in the nation routinely observe the order. In the past six months and counting,...

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Golden Promise Sensitizes Businessmen and Women in Onitsha on Trade and Importation from China

BusinessGolden Promise Sensitizes Businessmen and Women in Onitsha on Trade and Importation from China

Ebuka Onyekwelu (Staff Writer)February 7, 2022

ONITSHA — Golden Promise, a fully registered Nigerian company that specializes in shipping, clearing, and trading, today held its event aimed at promoting China-Nigeria business relationships. The event was held at the Archbishop C. I. Patterson International Auditorium at the All Saints Cathedral Onitsha, Anambra State and was well attended. Leadership or representatives of different Chambers of Commerce within Anambra and elsewhere were also present. No fewer than about a hundred businessmen and women who...

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Nigerian Government Set To Privatize 42 Government Agencies, Companies

BusinessEconomyNational DevelopmentNigerian Government Set To Privatize 42 Government Agencies, Companies

Beloved John (Staff Writer)February 5, 2022

ABUJA — The National Council on Privatisation (NCP), chaired by Vice President Yemi Osinbajo says about 42 government agencies and companies will be privatized this year. The Bureau of Public Enterprises (BPE) in a statement on Friday said the proposed transactions had all been approved by National Council on Privatisation during its maiden meeting at the Presidential Villa in Abuja. The statement read in part: “The transactions are 11 in the energy sector, 10 in...

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OPINION: What Has Quality Got to Do With Soludo’s Made-in-Anambra Brands

BusinessColumnsPoliticsOPINION: What Has Quality Got to Do With Soludo’s Made-in-Anambra Brands

PilotnewsFebruary 4, 2022

By Joe C. Anatune — Guest columnist & blogger Well, everything! Obviously, brands have become veritable tools for economic dominance and diplomacy among nations. According to Cee Cee Soludo, Anambra will seek to be part of world trade beginning from Africa with brands fit for the world. He implies that with the formalisation of the state’s hugely informal sector, Anambra will move away from selling undifferentiated commodities or ‘me-too’ brands to marketing winning brands in...

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Central Bank of Nigeria Reduces ATM Withdrawal Charges

BusinessMoneyCentral Bank of Nigeria Reduces ATM Withdrawal Charges

Hassan Umar Shallpella (Regional Correspondent)January 31, 2022

ABUJA — The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs), and Non-Bank Financial Institutions. According to the circular by Chibuzor Efobi, the Director, Financial Policy and Regulation Department, titled  “Re: Guide To Charges By Banks, Other Financial And Non-Bank Financial Institutions”. The CBN stated that the review...

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