Petrol Price to Hit N170 As PPMC Increases Ex-depot Price to N155

BusinessNewsOil & GasPetrol Price to Hit N170 As PPMC Increases Ex-depot Price to N155

Beloved John (Staff Writer)November 13, 2020

There is a hike in the pump price of Premium Motor Spirit (PMS), mostly referred to as petrol. The hike is following the increase of the ex-depot price of the product. The ex-depot price is the amount at which the PPMC sells the commodity at the depot to retail outlets owners and fuel marketers across the country. The modification contained in a memo from the Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian...

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Border Closure: Ogun Senator Condemns ‘Selective Exemption’ of Dangote and Other Firms

BusinessNewsNigeriaPoliticsBorder Closure: Ogun Senator Condemns ‘Selective Exemption’ of Dangote and Other Firms

Bada Yusuf Amoo (Correspondent)November 12, 2020

The Senator representing Ogun West Senatorial District in the National Assembly, Tolu Odebiyi, has condemned the perceived special treatment accorded some firms to import and export items despite the current border closure. He called on the Federal Government to develop a comprehensive policy based on objective criteria to allow other deserving businesses to apply for similar waivers. He specifically described the recent exemption of some firms by the Federal Government from the ongoing border closure...

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Hisbah Destroys Over ₦200 Million Worth Beer in Kano State

BusinessNewsNigeriaHisbah Destroys Over ₦200 Million Worth Beer in Kano State

Bada Yusuf Amoo (Correspondent)November 9, 2020

The Kano State Hisbah Board has destroyed 1,975,000 bottles of bear, which worth over ₦200 million. Beer had earlier been confiscated within the Kano state metropolis. Speaking during the destruction exercise at Kalebawa in Dawakin Tofa Local Government in the state, Governor Abdullah Ganduje said the consumption of alcohol and other intoxicants liable for the distortion of mental capability of a person is forbidden in Islam. In a statement issued and signed by the Chief...

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NNPC Set to Resume Oil Exploration In North East Borno

BusinessNewsNigeriaOil & GasNNPC Set to Resume Oil Exploration In North East Borno

Ibrahim Abdul' Aziz (Correspondent)November 6, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent As peace gradually returns to the Lake Chad Basin area, Nigeria, National Petroleum Cooperation (NNPC) is set to resume oil exploration in the region. The State Minister for Petroleum Resources, Chief Timipre Silver, the Group Managing Director, (GMD) Nigerian National Petroleum Cooperation (NNPC), Mr. Kyari Mele,the General Manager Oil exploration, Alh. Abdullah Bomsai and Chief of Army Staff, Lt General Tukur Buratai, among other principal officers of both the NNPC...

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Why Cobalt Mining in the DRC Needs Urgent Attention

BusinessColumnsLabourOpinionWhy Cobalt Mining in the DRC Needs Urgent Attention

PilotnewsOctober 31, 20201

Cobalt is an essential mineral used for batteries in electric cars, computers, and cell phones. Demand for cobalt is increasing as more electric cars are sold, particularly in Europe, where governments are encouraging the sales with generous environmental bonuses. According to recent projections by the World Economic Forum’s Global Battery Alliance, the demand for cobalt for use in batteries will grow fourfold in 2030 as a result of this electric vehicle boom. More than 70...

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Ebonyi Govt. Tasks Fish Farmers on Improved Packaging

AgricultureBusinessNewsNigeriaEbonyi Govt. Tasks Fish Farmers on Improved Packaging

PilotnewsOctober 31, 2020

The Ebonyi State Government has charged fish farmers in the state to embrace modern packaging system to improve the value chain. Mr Moses Nomeh, the State Commissioner for Agriculture and Natural Resources gave the charge on Saturday in Abakaliki during a meeting with the Fisheries Cooperative Federation of Nigeria. Nomeh explained that Ebonyi rice was being sold   worldwide presently due to modern packaging. “So, we want an improvement in the packaging system of fish...

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DPR Says 2020 Marginal Oilfield Bid Still On

BusinessNewsNigeriaOil & GasDPR Says 2020 Marginal Oilfield Bid Still On

PilotnewsOctober 30, 2020

The Department of Petroleum Resources (DPR) says the bid round process for its 57 marginal oilfields in the country is still ongoing. Mr Paul Osu, Head, Public Affairs, DPR, told the News Agency of Nigeria (NAN) on Friday in Lagos that the bidding process has not been completed. “The 2020 marginal oilfield bid round process is still ongoing in line with our published timelines on DPR website and bid portal. “Over 600 companies have applied...

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Commercial Banks in Lagos Witness Low Turnout of Customers After Curfew

BusinessCrime & SecurityNewsNigeriaCommercial Banks in Lagos Witness Low Turnout of Customers After Curfew

PilotnewsOctober 27, 2020

Commercial banks in Lagos State on Monday witnessed gradual return of business after the 24-hour curfew imposed on residents was lifted with low turnout of customers. The News Agency of Nigeria (NAN) correspondent who visited banks in Iganmu, Bode Thomas, Okota and Ejigbo axis to monitor the situation  observed that most banks attended to few customers waiting for various business transactions. At United Bank for Africa and First Bank of Nigeria, Iganmu branch, customers were...

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Looting: Taraba Business Tycoon, Chief Uche Obi Escaped Death As Hoodlums Attack His School, Warehouse

BusinessCrime & SecurityNewsNigeriaLooting: Taraba Business Tycoon, Chief Uche Obi Escaped Death As Hoodlums Attack His School, Warehouse

Ibrahim Abdul' Aziz (Correspondent)October 27, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent A renowned Jalingo based business tycoon Chief Uche Obi has again escaped death by whiskers when hoodlums attacked his private school, filling station and warehouse in Jalingo, Taraba state capital. The hoodlums seized on the curfew imposed by the Taraba State Government in the wake of the violence and looting that engulfed the state in the aftermath of the #EndSARS protests in the country, to carry out the attack. Chief Uche Obi ...

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Wizkid Becomes New Brand Ambassador for International Brand, Puma

BusinessEntertainmentNewsWizkid Becomes New Brand Ambassador for International Brand, Puma

Bada Yusuf Amoo (Correspondent)October 27, 2020

Nigerian music superstar, Wizkid, has become the latest face of the popular international sportswear brand, Puma, a brand he had always seen as a choice from child. According to Guardian, Wizkid says he is proud to have been chosen to represent the brand. Following the unveiling, the Puma marketing director says that Wizkid is a groundbreaking artiste, and he has the passion for the passion need to represent the brand. He adds that they look...

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