Pump Price May Drop to N160 Per Litre As Negotiations With FG Continues

BusinessNewsOil & GasPump Price May Drop to N160 Per Litre As Negotiations With FG Continues

Beloved John (Staff Writer)November 28, 2020

Pressure from the organised Labour on the Federal Government to reverse the pump price of Premium Motor Spirit (PMS) back to N160 per litre seems to be yielding a positive result. At the end of the resumed negotiations between government and the labour movement yesterday night, the Federal Government indicated willingness to consult widely with the view to reviewing the price downward, saying it might unveil the new price at the resumed meeting slated for...

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Buhari to Roll Out Autogas Scheme Dec. 1 — NGEP Chairman

BusinessNewsNigeriaOil & GasBuhari to Roll Out Autogas Scheme Dec. 1 — NGEP Chairman

PilotnewsNovember 28, 2020

President Muhammadu Buhari will on Dec. 1 roll out the autogas scheme in Abuja as the Federal Government moves to create alternative fuel for automobiles and other prime movers in Nigeria. The News Agency of Nigeria (NAN) reports that Dr Mohammed Ibrahim,  Chairman, National Gas Expansion Programme (NGEP), made the announcement at a meeting with media stakeholders on Saturday in Lagos. Ibrahim said the autogas scheme and deepening domestic utilisation of Liquefied Petroleum Gas (LPG)...

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Fifty Youths In Yola To Acquire Tailoring Skills

BusinessJobsNewsFifty Youths In Yola To Acquire Tailoring Skills

Hassan Umar Shallpella (Regional Correspondent)November 28, 2020

In in order to impact tailoring skills on youths for them to be self-reliance and contribute to the economy, the Tailoring Association of Nigeria (TAN) Yola South local government branch, Adamawa State has flagged-off training of fifty (50) youths in tailoring. The training which is holding at Hammawa Primary School Yola town have participants to include school leavers, and house wives.  Zakariya`u Idris, branch Secretary of the Association Yola South Local Government, said the training...

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DPR Threatens To Shut Down Illegal Gas Plant Operators in Adamawa As Only 8 Got Licence

BusinessNewsOil & GasDPR Threatens To Shut Down Illegal Gas Plant Operators in Adamawa As Only 8 Got Licence

Ibrahim Abdul' Aziz (Correspondent)November 27, 2020

By Ibrahim Abdul’Aziz, Regional Correspondent The Department of Petroleum Resources (DPR) has threatened to shutdown of illegal  Liquefied Petroleum Gas (LPG) plants in Adamawa,  saying that ” only eight (8)  LPG operators got license as all others are engaging in illegal operations.” The disclosure was made by the state  Operations Controller Adamawa , DPR, Mr Sadiq Ibraheem Danjuma , during a sensitization meeting  with the LPG  Refilling  Plant  Operators  organized by the agency. This is...

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Osinbajo Wants Nigerian Businesses, Private Sector to Tap into AFCTA

BusinessEconomyNewsOsinbajo Wants Nigerian Businesses, Private Sector to Tap into AFCTA

PilotnewsNovember 27, 2020

Vice President Yemi Osinbajo has urged Nigerian businesses and the entire private sector to tap into the Africa Continental Free Trade Area (AfCFTA) which comes into force by Jan. 2021. Osinbajo’s spokesman, Laolu Akande, in a statement on Thursday in Abuja, said the vice president spoke at the opening session of the 52nd Annual National Conference of the Chartered Institute of Personnel Management (CIPM). The theme of the conference is, “Nigeria and Manpower Preparedness for...

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Reps Move to Unearth Utilisation of $125m World Bank Loan

EconomyNewsPoliticsReps Move to Unearth Utilisation of $125m World Bank Loan

PilotnewsNovember 27, 2020

The House of Representatives Committee on Public Account on Thursday in Abuja,  moved to unearth  utilisation of 125 million  Dollars borrowed from the World Bank by the Federal Government. Rep. Wole Oke, Chairman of the committee, ordered signatories to the account of the Office of Auditor-General of the Federation (OAUGF) to appear before it to ascertain the utilisation. The News Agency of Nigeria (NAN) reports that the committee also summoned the Director-General of the Budget...

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Economists Applaud CBN’s 11% Lending Rate to Banks

EconomyMoneyNewsNigeriaEconomists Applaud CBN’s 11% Lending Rate to Banks

PilotnewsNovember 27, 2020

Economists said on Friday in Lagos that the decision by the Monetary Policy Committee (MPC) of the CBN to retain Monetary Policy Rate (MPR) at 11.5 per cent alongside other parameters was expected. MPR is the interest rate at which CBN lends to commercial banks. It is the benchmark against which other lending rates in the economy are pegged. It is usually used as an instrument to moderate inflation in the economy. The experts told...

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Nigeria Economy Doing Well Compared to South Africa, Russia – Lai Muhammed Claims

EconomyNewsNigeriaNigeria Economy Doing Well Compared to South Africa, Russia – Lai Muhammed Claims

Bada Yusuf Amoo (Correspondent)November 26, 2020

The Nigeria Minister for Information and Culture, Lai Mohammed, has said that the Nigerian economy is doing well compared to the economy of South Africa, Russia and other countries in recession. The minister said the recession is inevitable as a result of the global collapse in oil prices occasioned by the coronavirus pandemic. The minister disclosed this on Wednesday while speaking on NTA “Good Morning Nigeria Show.” It has been reported that the country’s rising...

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Finance Minister Says Land Border May Be Reopened Soon

BusinessEconomyNewsNigeriaFinance Minister Says Land Border May Be Reopened Soon

Bada Yusuf Amoo (Correspondent)November 26, 2020

The Nigeria’s land borders that have been closed since August 2019 may be reopened soon. This indication was given by the Minister of Finance, Budget and National Planning, Zainab Ahmed, during an interview with State House Correspondents on Wednesday. The Minister that the presidential committee set up on the matter has completed its job and has recommended the reopening of the borders. Ahmed disclosed that the committee would soon submit its report to President Muhammadu...

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Amid Insecurity Power Outage Hits Adamawa, Taraba Metropolis

BusinessNewsNigeriaPowerAmid Insecurity Power Outage Hits Adamawa, Taraba Metropolis

Ibrahim Abdul' Aziz (Correspondent)November 24, 2020

By Ibrahim Abdul’AZiz, Regional Correspondent Residents of Jimeta-Yola, and Girei, Adamawa State have cried out over power outage adversely affecting the city and its environs for the past few weeks, accusing Yola Electricity Distribution Company (YEDC) of “total neglect” amid insecurity plaguing the society. Worst hit areas includes: Yola, Bachure, Wauru- Jebbe, Demsawo, Nassarawo, Bajabure, Vunikilang and some parts of Girei local government areas, but Jimeta Business unit of the  power company attributed it to...

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