Tricycle Operators In Kano Are To Pay N100, 000 For Licence Permits

KANO — Managing Director of the Agency, Kano State Road and Traffic Agency (KAROTA), Baffa Dan’agundi says the agency has increased tricycle license permits from N8,000 to N100,000. The agency has registered 60,000 for permits. Dan’agundi, who disclosed this while briefing newsmen in Kano said that the agency will enforce the payment of N100 daily. He explained that the payment will be made through Point Of Sale (POS) distributed by the Kano State Internal Revenue...

Senate Approves 3% of Oil Revenue To Host Communities As It Passes Petroleum Industry Bill

The Senate on Thursday passed the Petroleum Industry Bill (PIB) and approved 3 percent for the host communities. The red chamber passed the PIB, 2021 after the clause by clause consideration for the report of its joint committee on Petroleum (Upstream, Downstream, and Gas) on PIB. With neglect to the protests from the South-South lawmakers, who were advocating for 5 percent, the Senate approved three percent for the host communities. The Senate had before then...

Buhari Directs NNPC to Acquire 20% Stake in Dangote Refinery, Others

ABUJA — As part of efforts to attract investment, President Muhammadu Buhari has authorized the Nigerian National Petroleum Corporation (NNPC) to acquire a 20 percent stake in any private refinery producing at least 50,000 barrels per day. It was further revealed that the NNPC will soon get a 20 percent stake in the $19.5 billion Dangote Refinery in Lagos. It has the capacity of producing 650,000 barrels per day. A source in the NNPC revealed...

Anti-open Grazing Bill is a Progressive Idea – Ortom

Samuel Ortom, Benue governor, has described the anti-open grazing bill as a progressive idea practiced globally. Debunking the opinion that the state government is aggrieved with the Falanis, Ortom pledged to provide lands for herders that are willing to work within the state through ranching. The governor made his pledge while speaking at the 72nd birthday of Prof. Iyorwuese Hagher, former Nigerian Ambassador to Mexico. Ortom, represented by Dennis Ityavyar, the education commissioner, said the...

Why Fuel Subsidy Must Be Removed — Sylva

ABUJA — Timipre Sylva, Minister of State for Petroleum Resources has said the deregulation of the downstream sector is in Nigeria’s best interests. The minister who spoke on Sunday, at a forum hosted by the News Agency of Nigeria  (NAN) in Abuja called for the deregulation of petroleum through market-driven pricing of products to boost the country’s economy. He noted that the removal of fuel subsidy is a rational move that will be beneficial to...

Meet Udezue, NBA Agent Who Move To Unify Africa through the Continental Basketball League

Ugo Udezue, who left Nigeria in the 1990s, left his plush job as an agent of the National Basketball Association (NBA) at one of the top firms in the United States four years ago. He would not have imagined pioneering the first and only African sports apparel company to officially outfit a team at the Olympic Games in Japan this year. At least, this was far from his initial plan. It would have been easier...

LASG Partners IFC On Green Building, Trains Construction Professionals

LAGOS — The Lagos State Government in collaboration with International Finance Corporation (IFC), a World Bank Institution has trained environment professionals in its payroll on the Green Building initiative. A statement signed by Mr. Mukaila Sanusi, Spokesman of the Lagos State Ministry of Physical Planning and Urban Development on Wednesday in Lagos said the training is tagged “Lagos State-IFC Excellence in Design for Greater Efficiency (EDGE). Sanusi said the workshop was held at the Sheraton...

Google Earmarks $6m for Startups, Black  Founders And  Female Entrepreneurs

LAGOS — Google on Monday said it has renewed its commitment to support startups in Africa with a combined 6 million dollars funding to startup founders and female entrepreneurs in Africa. Nitin Gajria, Managing Director of Google Sub-Saharan Africa said on Monday in a statement that It was part of the ongoing plans to double down on supporting Black startup Founders. Gajra said that this program in collaboration with the Tony Elumelu Foundation will provide...

Tomato Dealers In Plateau loss of Over N29m, Seeks FG’s Intervention

JOS — Nasiru Yusuf, Chairman of Lalong Tomatoes Market, Farin-Gada, in Jos,  says tomato traders and marketers in Plateau State have decried the loss of over N29 million to lingering crisis in parts of the country. He disclosed this in an interview with the News Agency of Nigeria (NAN) said some of the losses encountered were due to lingering crisis in parts of the country. “We are counting lots of losses in our business right...

Reps Seeks to Prohibit Bankers from Operating Foreign Accounts

ABUJA — The House of Reps is seeking to prohibit the banking sector from operating foreign accounts with the bill to amend the Bank Employee Act which recently passed the second reading. Lawmakers had on Tuesday debated the bill that seeks to amend a decree promulgated by the Ibrahim Babangida military administration. The bank employees’ declaration of assets act amendment bill also mandates the bankers to declare assets of their spouses and children less than...

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