Federal Government Lifts Ban On New Sim Registration

BusinessEconomyTelecommunicationFederal Government Lifts Ban On New Sim Registration

Hassan Umar Shallpella (Regional Correspondent)April 16, 2021

ABUJA — The Federal Government has approved the activation of new SIM card registration with mandatory National Identity Number linking, starting from April 19, 2021. The Technical Assistant (Information Technology) to the Minister of Communications and Digital Economy, Dr. Femi Adeluyi disclosed this in a statement on Thursday. Part of the statement read “For IoT/M2M activations, SIM security protocols would be implemented on the SIM profile to ensure that SIMs can only be used for...

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Kano, Katsina Residents Laments Over High Cost of Cement

BusinessEconomyNewsKano, Katsina Residents Laments Over High Cost of Cement

Hassan Umar Shallpella (Regional Correspondent)April 15, 2021

The prevailing scarcity and high cost of cement nationwide have been blamed on cement manufacturers. Some residents of Kano and Katsina States told the News Agency of Nigeria (NAN) that the situation had affected building projects and left bricklayers redundant. In Kano, Alhaji Kabiru Idi, a building contractor, said he had delayed some of his projects due to high cost of building materials.  “I want to continue but I had to stop because of the...

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Lion Business Park Unveiled In Enugu Free Trade Zone

BusinessLion Business Park Unveiled In Enugu Free Trade Zone

Ije Ulasi (Regional Correspondent)April 14, 2021

The Lion Business Park, LBP, a commercial initiative promoted by Lion Business Park Ltd and the Enugu State Government of Nigeria on Tuesday was unveiled by the Enugu State Governor, Ifeanyi Ugwuanyi. The Park sits on two thousand (2000) hectares of land within the Enugu Free Trade Zone near popular 9th Mile Corner, Enugu is the biggest economic hub in the South-East geopolitical zone in Nigeria with an estimated investment portfolio of $12 billion (USD)...

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DPR Revokes 32 Refinery Licenses As Dangote Refinery Reaches 80% Completion

BusinessInvestingOil & GasDPR Revokes 32 Refinery Licenses As Dangote Refinery Reaches 80% Completion

Bada Yusuf Amoo (Correspondent)April 13, 2021

The Department of Petroleum Resources (DPR) has disclosed that 32 refinery project licenses issued to private investors in the country have become invalid in the past three years. According to the DPR, the numbers of valid refinery project licenses presently in the country are 23 as of March 2021, from the 44 in April 2018. Analysis of the agency’s new list of valid refinery project licenses and that of April 2018 revealed that 32 licenses...

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Oil Prices Fall As US Gasoline Stocks Surges

BusinessNewsOil & GasOil Prices Fall As US Gasoline Stocks Surges

Beloved John (Staff Writer)April 8, 2021

The prices of crude oil dropped after official figures showed a significant rise in the gasoline inventories of the United States. The price of Brent crude, the grade at which Nigeria’s crude oil is benchmarked, decreased by 0.41 percent and stood at $62.89 a barrel as of Thursday afternoon. The US West Texas Intermediate (WTI) crude also declined by 0.65 percent, to $59.38 a barrel. The U.S. Energy Information Administration (EIA)  had earlier mentioned that...

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1.5bn For Port Harcourt Refinery Rehabilitation Too Outrageous – Reps Caucus

BusinessNewsOil & Gas1.5bn For Port Harcourt Refinery Rehabilitation Too Outrageous – Reps Caucus

Bada Yusuf Amoo (Correspondent)April 1, 2021

The House of Representatives minority caucus has condemned the $1.5bn approval for the rehabilitation of the Port Harcourt refinery, describing the figure as ‘outrageous and heavily inflated’. The lawmakers, there, called for an immediate review of the cost. In a statement issued by the minority leader of the Green Chamber, Ndudi Elumelu, on Tuesday, disclosed that the caucus reached the conclusion after a thorough evaluation of the proposal. The statement was titled, ‘Reps Minority Caucus...

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How I Featured Adeboye In My New Song – Tim Godfrey

BusinessEntertainmentMusicHow I Featured Adeboye In My New Song – Tim Godfrey

Bada Yusuf Amoo (Correspondent)March 30, 2021

Popular gospel artiste, Tim Godfre, has revealed how he featured the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, in his new song. The Gospel singer revealed this during a listening event for his new music project. He said, “When Daddy GO travels, it is countries that host him. How did God show us so much favour? If God asks you to take a step, please jump; so long as...

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Bayelsa Govt. Suspends MoUs Between Oil Companies, Host Communities

BusinessNewsNigeriaOil & GasBayelsa Govt. Suspends MoUs Between Oil Companies, Host Communities

PilotnewsMarch 26, 2021

YENEGOA — The Bayelsa Government has announced the suspension of all agreements between international oil firms and their host communities across the state. Gov. Douye Diri’s announcement is contained in a statement by his Chief Press Secretary, Mr. Daniel Alabrah on Thursday in Yenagoa. The suspension is on the heels of an allegation by the Bayelsa government that Shell Petroleum Development Company (SPDC) was fueling crises and insecurity of its host communities in the Niger...

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No Increase in Petrol Price Till End of Labour Negotiations – NNPC

BusinessNewsNigeriaOil & GasNo Increase in Petrol Price Till End of Labour Negotiations – NNPC

Beloved John (Staff Writer)March 26, 2021

The current ex-depot price of premium motor spirit (PMS), will be maintained until the end of negotiations with organised labour according to the Nigeria National Petroleum Cooperation (NNPC). Kennie Obateru, group general manager, group public affairs division of NNPC, disclosed this in a statement on Friday. He indicated that NNPC will continue to bear the burden of petrol subsidy as the current price will be maintained at N162 until ongoing engagement with the organized labour...

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DPR Sealed 10 Filling Stations In Taraba State

BusinessOil & GasDPR Sealed 10 Filling Stations In Taraba State

Hassan Umar Shallpella (Regional Correspondent)March 24, 2021

The Controller, Taraba Field Operation’s Office of the Department of Petroleum Resources (DPR) Mr. Jeremiah Mashat has sealed ten filling stations in Jalingo, Taraba state. He said that the action was to ensure compliance and enforcement for selling the product at the government-approved price, insisted that Marketers must adhere to all regulations governing the downstream sector of the petroleum industry. “We are out to ensure that the public is not shortchanged in the consumption of...

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