PPPRA fixes Petrol Price Band of N140.80 to N143.80 Per Litre for July

The Petroleum Products Pricing Regulatory Agency (PPPRA), has fixed the pump price band of Premium Motor Spirit (PMS), also known as petrol at between N140.80 and N143.80 per litre for the month of July. Executive Secretary of the Agency Abdulkadir Saidu disclosed this in a memo to all Petroleum Products marketers released in Abuja on Wednesday. The memo was titled `Advised price for Premium Motor Spirit (PMS) in the month of July 2020.’ “After a...

Nigerian Domestic Flights to Resume July 8 — Sirika

The Minister of Aviation, Sen. Hadi Sirika, on Wednesday in Abuja said domestic flights that had been suspended since March 20, would finally resume on July 8. Sirika announced this in a statement signed by Mr James Odaudu, the Director of Public Affairs, in the ministry. He said flights would commence at Nnamdi Azikiwe International Airport Abuja and Murtala Muhammed Airport in Lagos. According to him, the Port Harcourt, Owerri, Maiduguri and Kano airports will...

Innoson Group Backs Foundation’s Fight Against Breast, Cervical Cancers With Vehicle

The Innoson Group of Companies has handed over an IVM G-20 Smart vehicle to Onyebuchi Chris Ifediora (OCI) Foundation to support the fight against breast and cervical cancers in the country. News Agency of Nigeria (NAN) reports that the 7-seater IVM G-20 Smart vehicle was purchased by the foundation at a significant discount from the vehicle manufacturing firm. Speaking at the handover ceremony in Nnewi on Wednesday, the Chief Executive Officer of Innoson, Mr Innocent...

Atedo Peterside Resigns as Cadbury Board Chairman

Cadbury Nigeria Plc on Tuesday notified the Nigeria Stock Exchange (NSE) of the resignation of Mr Atedo Peterside as Chairman of the Board of Directors, effective June 30. The Company Secretary, Mr Fola Akande, made the disclosure in a notification letter sent to the NSE in Lagos. Akande said Peterside joined the company as a member of the board in August 2009 and rose to become the chairman in April 2010. The company secretary said...

Why DISCOs Agreed to Postpone Tariff Hike Implementation After NASS Intervention

The National Assembly has prevailed on electricity distribution companies to postpone the tariff increase which was due to be implemented on July 1. The resolution was reached at a meeting between the National Assembly leaders, including the President of the Senate, Ahmad Lawan; the Speaker of the House of Representatives, Rt. Hon. Femi Gbajabiamila; Chairmen of the of the Committees on Power from the Senate and House of Representatives; other principal officers of the two...

NEWS UPDATE: FG lifts Interstate Travel Ban, Approves Operation of Domestic Flight

The Federal Government has lifted the ban placed on interstate movement, disclosing that citizens can travel from July 1, provided such journeys are made outside curfew hours. Boss Mustapha, Chairman of the Presidential Task Force on COVID-19, disclosed this on Monday at the ongoing daily briefing of the task force in Abuja. Mustapha, who is also the Secretary to the Government of the Federation (SGF), also said the government has approved the safe resumption of...

FCTA Mobile Court Seals Hotel, Nightclub in Maitama

The Federal Capital Territory Administration (FCTA) Mobile Court, on Monday ordered the seal up of Missouri hotel, located in Maitama District of Abuja, for allegedly operating a nightclub within COVID -19 curfew hours. The court which was presided over by Magistrate Idayat Akanni, ordered that the hotel be sealed up for the period of one week for contravening COVID-19 regulations. The court also tried and sentenced 11 defaulters to engage in a three-day community service...

BREAKING: Boeing 737 MAX Certification Flight Tests to Begin on Monday – Sources

Pilots and test crew members from the United States Federal Aviation Administration and Boeing Co (BA.N) are slated to begin a three-day certification test campaign for the 737 MAX on Monday, people familiar with the matter told Reuters. The test is a pivotal moment in Boeing’s worst-ever corporate crisis, long since compounded by the COVID-19 pandemic that has slashed air travel and jet demand. Also, FAAN holds dry run airport simulation exercise at Lagos, Abuja airports. The grounding of the fast-selling 737 MAX in...

Imo Government Bans Mining in Owerri

Imo Governor, Sen. Hope Uzodinma, has banned all mining activities in Owerri and its environs to preserve the environment against effects of erosion and flooding. Uzodinma, represented by the State Commissioner for Petroleum and Environment, Dr Ikechukwu Njoku, gave the order while speaking with newsmen in Owerri on Friday. The governor warned that anyone who engaged in any form of mining activity in Owerri municipal and its environs would face the full wrath of the...

Insolvent Virgin Australia to Be Sold to US Equity Firm Bain Capital

Bain Capital, a U.S. private investment firm, has been announced as the winning bidder for insolvent Virgin Australia after the rival bidder withdrew its offer. The bankrupt Brisbane-based company’s administrators agreed on Friday to sell the ailing airline to the Boston-based private equity firm. Private equity firm, Cyrus Capital Partners, withdrew its offer in the morning, citing a lack of engagement from Deloitte, an accounting firm responsible for the administration, which was set to name a preferred bidder on...

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