Mr Olamilekan Adegbite, the Minister of Mines and Steel Development, says the ministry is relaxing conditions attached on mining intervention loan meant for miners. Adegbite told the News Agency of Nigeria on Friday in Abuja that the conditions would be relaxed for artisanal miners to enable them access the loan which was domiciled with the Bank of Industry (BOI) NAN recalls that the Ministry of Mines and Steel Development (MMSD) had signed a Memorandum of...
The Statistician-General of the Federation, Dr Yemi Kale has revealed that contrary to the United Nations Statistical Commission recommendation that in every five years enumeration of formal and informal business establishments be conducted, such exercise was not carried out in Nigeria for over two decades, attributing it to lack of funding. Kale made this known in a message at the Training of Enumerators for National Business Sample Census 2020 holding across the 36 states and...
The Managing Director, Abuja Electricity Distribution Company (AEDC), Mr Ernest Mupwaya, says its `2020 Customer Service Week’ will be an opportunity to appreciate its customers for their loyalty. AEDC’s General Manager, Corporate Communications, Mr Oyebode Fadipe, made this known in a statement issued on Monday in Abuja. Fadipe quoted the managing director as saying that “this is an auspicious period to demonstrate our appreciation to our esteemed customers and recognise the importance of customer service...
The Federal Government says it had ha begun the clamp down on the use of faulty and altered measuring and weighing equipment by some business owners The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo, announced this on Saturday in Port Harcourt at a two-day sensitisation workshop with stakeholders in the downstream oil and gas industry. Adeniyi, represented by Mr Gbolahan Adamoh, Head of Oil and Gas, Department of Weight and Measures (WM), in the...
The Domestic Refinery Owners Association of Nigeria (DROAN), have thrown their weight behind the Federal Government’s removal of oil subsidy in the country. The National Chairman of the association, Mr Godwin Sunday, made this known in a press conference organised by the association in Uyo on Saturday. Sunday said that the association was in full support of President Muhammadu Buhari’s courageous stand in bringing the subsidy regime to an end. He urged stakeholders in the...
The federal government has removed the ban restricting Emirates Airlines flights into the country. The minister of aviation, Hadi Sirika disclosed this on Tuesday. The minister noted that the government of the United Arab Emirates (UAE) will commence visa issuance to Nigerians based on some conditions. “UAE has written to state that they agree to issue visas to Nigerians, consequently decision has been reached to allow Emirates to fly into Nigeria. Commencement of the visa...
The Federal Government has expressed worry over multinational companies’ usage of the nation’s underground water resources for commercial purposes without obtaining license. The Minister of Water Resources, Mr Suleiman Adamu, said this in Abuja on Tuesday at a joint press conference with the Minister of Information, Alhaji Lai Mohammed, to address the controversies surrounding the National Water Resources Bill. Adamu said it was worrisome that without a law to protect the nation’s water resources sector,...
Nigeria Vice President, Yemi Osinbajo, has said handing the refineries over to the federal government won’t solve any of the problems. Osinbajo said the federal government has nothing to do with the refineries in the country as it is strictly the business of the private sector. He also disclosed that 6 oil refineries are near completion in Edo, Imo, Rivers, Delta, Lagos and will soon commence operations. “If the refinery is left in the hands...
The group managing director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has accused a cabal of ripping off the benefits of the fuel subsidy regime meant to be relinquished to the masses. Kyari disclosed that subsidy had to be abolished due to the high rate of fraudulent activities surrounding it. West Africa Pilot had reported the removal of the subsidy which led to an increase in petrol and electricity prices across Nigeria. While...
As CBN holds its 275th quarterly Monetary Policy Committee (MPC) meeting on Monday, a Financial expert, Mr Okechukwu Unegbe called for a reduction of lending rates by banks to encourage investment. Unegbe, who is a Past President of Chattered Institute of Bankers of Nigeria (CIBN) made the call in an interview with News Agency of Nigeria (NAN) in Abuja. He suggested that the lending rate should be reviewed downwards from its present rate of about...
