19 of 3,628 Traders Decries Soaring Prices Of Foodstuff In Lau Market, Taraba State

BusinessFoodNewsNigeria19 of 3,628 Traders Decries Soaring Prices Of Foodstuff In Lau Market, Taraba State

PilotnewsJanuary 22, 2021

Traders transacting business in farm produce in Lau main Market, headquarters of Lau Local Government council of Taraba State have decried the increase of prices of foodstuffs despite the agrarian nature of the area. Findings in the market show that a bag of Maize which was sold at ten thousand naira (N10, 000) a few months ago now attracts eighteen thousand naira (N18, 000), a bag of Guinea-corn is sold for sixteen thousand naira (N16,...

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FG Inaugurates N900m e-ticketing Platform for Abuja-Kaduna Train Service

BusinessNewsNigeriaTravelFG Inaugurates N900m e-ticketing Platform for Abuja-Kaduna Train Service

PilotnewsJanuary 21, 2021

The Federal Government on Thursday inaugurated the N900 million e-ticketing platform for the online purchase of tickets at the Abuja-Kaduna rail corridor. The Minister of Transportation, Rotimi Ameachi, while inaugurating the platform virtually in Abuja, said it would solve commuters’ complaint of ticket racketeering. According to him, online ticketing which marks the beginning of automation of ticket sales in all major stations in Abuja-Kaduna train service is in line with global world best practices. He...

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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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Oil Prices Fall On Demand Concerns

BusinessOil & GasWorld NewsOil Prices Fall On Demand Concerns

PilotnewsJanuary 18, 2021

Oil prices edged lower on Monday as climbing Coronavirus cases and tighter restrictions in Europe and China fueled worries over a slower recovery in fuel demand. Encouraging gross domestic product (GDP) and industrial production data from China helped to limit the downside to some extent. Brent crude for March delivery eased 0.2 per cent to 54.98 dollars a barrel, after falling 2.3 per cent on Friday. Similarly, U.S. oil futures were down by 0.1 per...

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Buhari to Inaugurate National Oil and Gas Excellence Centre Jan. 21 –DPR

BusinessNewsNigeriaOil & GasBuhari to Inaugurate National Oil and Gas Excellence Centre Jan. 21 –DPR

PilotnewsJanuary 18, 2021

President Muhammadu Buhari will virtually inaugurate the National Oil and Gas Excellence Centre (NOGEC), Lagos, on Jan.21, in a bid to boost the operations of the nation’s petroleum sector, an official of the Department of Petroleum Resources (DPR), has said. Mr. Paul Osu, Head, Public Affairs, who made the announcement in a statement issued on Monday, in Lagos, quoted the Director of DPR, Mr Sarki Auwalu, the chief host of the event, as saying that...

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NNPC Records ₦28.38bn Trading Surplus in Sept. – Report

BusinessNewsNigeriaOil & GasNNPC Records ₦28.38bn Trading Surplus in Sept. – Report

PilotnewsJanuary 18, 2021

The Nigerian National Petroleum Corporation  (NNPC) says it recorded a trading surplus of ₦28.38 billion in September 2020. The Corporation disclosed this in its Monthly Financial and Operation Report (MFOR)  for the month of September, released in Abuja, on Sunday. It said that the amount was slightly lower than the ₦29.60 billion surplus in August 2020. The marginal reduction in surplus, according to the report, was as a result of lower contribution from the Nigerian...

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Over 8,000 Passengers Access e-ticketing on Abuja-Kaduna Rail Line

BusinessNewsNigeriaTravelOver 8,000 Passengers Access e-ticketing on Abuja-Kaduna Rail Line

PilotnewsJanuary 17, 2021

More than 8,000 passengers on the Abuja-Kaduna train route have accessed the Nigeria Railway Corporation (NRC) e-ticketing platform three days after its test running. A statement by Taiye Elebiyo-Edeni, Media Assistant to Minister of Transportation, Rotimi Amaechi, said the Federal Government on Wednesday announced the commencement of the test run. She said that e-ticketing on the route would also officially begin on Jan. 20. Elebiyo-Edeni said that on the first day of the test booking,...

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BusinessEconomyNewsNigeriaNigeria’s Public Debt Increased By N6.01trn in 2020 — Report

Beloved John (Staff Writer)January 14, 2021

Nigeria’s total public debt stock as of the third quarter of 2020 (Q3 2020) increased by N6.01 trillion according to the National Bureau of Statistics’ (NBS) Report. The report which focused on Nigeria’s Domestic and Foreign Debt Q3 2020, estimated the country’s total public debt stock constituting both external and domestic debts. The debts cumulatively stood at N32.22 trillion ($84.57 billion) as of September 2020. This represents a 22.93 percent increase when compared to N26.21...

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Ondo State Government Bans Street Trading In The State Capital

BusinessLaw & JusticeNewsOndo State Government Bans Street Trading In The State Capital

Hassan Umar Shallpella (Regional Correspondent)January 9, 2021

The Ondo State Government has placed a total ban on trading along the vehicular traffic lanes, pedestrian paths and walkways on major market corridors in Akure, the state capital. State Commissioner for Information and Orientation on Friday Mr. Donald Ojogo in a statement said the development followed the setting up of the Committee on Waste Management and in its bid to instill sanity, especially in Akure. The statement said “the ban also includes artisans such...

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