We Are Not Part of Any Planned Protest in the Southwest – NANS

EconomyNewsNigeriaWe Are Not Part of Any Planned Protest in the Southwest – NANS

Beloved John (Staff Writer)September 13, 2020

The National Association of Nigerian Students (NANS) has said it has nothing to do with the protest planned by the alleged SouthWest Zone D chapter of the association over the recent hike in fuel pump price and electricity tariff. Mr Azeez Adeyemi, the National Public Relations Officer disclosed this in a statement on Sunday. Describing the  Kappo Olawale­­­­  -led group has impostors, he noted that the students had given the Federal government a five-day ultimatum...

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Why Federal Government Shut Down Nigeria Refineries, NNPC Boss Kyari

BusinessNewsOil & GasWhy Federal Government Shut Down Nigeria Refineries, NNPC Boss Kyari

Bada Yusuf Amoo (Correspondent)September 10, 2020

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, had given reasons why the four oil refineries in the country have been shut down in Port Harcourt, Warri, and Kaduna. Kyari said this on Channels Television’s Politics Today programme on Wednesday. In his explanation, all four refineries are functioning below capacity, this has necessitated the need for the FG to stop them from operating altogether. The NNPC boss while responding to...

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Opposition is Playing Dirty Politics With the Subsidy Removal — Lai Mohammed

BusinessNewsOpposition is Playing Dirty Politics With the Subsidy Removal — Lai Mohammed

Beloved John (Staff Writer)September 8, 2020

The decision of the federal government to allow market forces to determine the retail price of petrol in Nigeria resulted to a rift among many as conflicting opinions flew left and right. While some commended the new electricity tariff and subsidy removal, canvassing for structural reforms, others kicked against the proposition including the People’s Democratic Party (PDP). The opposition party urged the government to announce the total removal of petroleum subsidy and under-recovery through a...

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It is “Grossly Irresponsible” to Borrow to Subsidize Electricity Tariff Amid the Economic Crunch

EconomyNewsNigeriaIt is “Grossly Irresponsible” to Borrow to Subsidize Electricity Tariff Amid the Economic Crunch

Bada Yusuf Amoo (Correspondent)September 7, 2020

President Muhammadu Buhari has said it will be “grossly irresponsible” to borrow to subsidize electricity tariffs during the economic crunch caused by the lockdown occasioned by the COVID-19 pandemic. He also said that the Revised 2020 budget has no provision for fuel subsidy, noting that about ₦1.7trn has been spent on tariff shortfalls to support the electricity sector since its privatization. Remember that the increase in fuel price and electricity tariff has caused alarm in...

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Income Tax: FIRS Inaugurates Online Portal for Financial Institutions

BusinessNewsNigeriaIncome Tax: FIRS Inaugurates Online Portal for Financial Institutions

PilotnewsSeptember 6, 2020

The Federal Inland Revenue Service (FIRS) says it has inaugurated a new Automatic Exchange of Information-Common Reporting Standard (AEOI-CRS) system for the use of financial institutions in the country. FIRS Director, Communications and Liaison, Mr Abdullahi Ahmad, said this in a statement in Abuja on Sunday. Ahmad said the step was part of the service’s ongoing reforms to align the nation’s tax system with global standards. He quoted the Executive Chairman, FIRS, Mr Muhammad Nami...

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Alleged Misconduct: PCN Seals 157 Pharmacies, 791 Patent Medicine Shops in August-Registrar

BusinessLaw & JusticeNewsNigeriaAlleged Misconduct: PCN Seals 157 Pharmacies, 791 Patent Medicine Shops in August-Registrar

PilotnewsSeptember 5, 2020

The Pharmacists Council of Nigeria (PCN) has shut down 157 pharmacies and 791 patent medicine shops in Kano and Lagos in August over alleged operational misconducts. Dr Elijah Mohammed, PCN Registrar disclosed this in an interview with the News Agency of Nigeria (NAN) in Abuja on Saturday while giving an update of the council’s activities in August 2020. He noted that the council, in the course of its National Enforcement activity visited Lagos and Kano...

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Do Local Refining to Eliminate Sector Problems – IPMAN

BusinessLabourNewsDo Local Refining to Eliminate Sector Problems – IPMAN

PilotnewsSeptember 5, 2020

Alhaji Popoola Ogundoyin, an Executive Member of Independent Petroleum Marketers Association of Nigeria (IPMAN), says that unless Nigeria produces petroleum products through its refineries, the problems in the petroleum sector will persist. Ogundoyin stated this during an interview with the News Agency of Nigeria (NAN), on Saturday, in Ile-Ife. He expressed displeasure with the failure of public and private sector stakeholders to establish standard refineries across the country that would produce enough petroleum products for...

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FG to Investigate Dominant Pay-TV Service Providers Over Illegal Conduct

BusinessNewsFG to Investigate Dominant Pay-TV Service Providers Over Illegal Conduct

Beloved John (Staff Writer)September 2, 2020

The Federal Competition and Consumer Protection Commission (FCCPC)  has commenced an investigation into possible illegal conduct by dominant Pay-TV service providers in Nigeria. Babatunde Irukera, the Chief Executive Officer of the FCCPC disclosed this. “Upon credible information, public announcements by operators, and consumer perception analytics, the Federal Competition and Consumer Protection Commission (FCCPC) have opened an investigation into the conduct of dominant Pay-TV service providers,” the statement read. According to the Commission, in the last...

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Over 50% of PR agencies in Nigeria Are Reporting Revenues Of Less Than N5 million, Nigeria PR Report 2020 Reveals

BusinessNewsOver 50% of PR agencies in Nigeria Are Reporting Revenues Of Less Than N5 million, Nigeria PR Report 2020 Reveals

PilotnewsSeptember 1, 2020

Global Media and Public Relations agency, BlackHouse Media (BHM), has announced the release of the fourth edition of its annual PR report. Reputed as Nigeria’s first-ever Public Relations annual report, it is dedicated exclusively to chronicling data on trends, perceptions, challenges and prospects within the dynamic industry. Since its debut five years ago, the razor-sharp Nigeria PR Report has lived to its billing as the most authoritative voice in PR measurement and evaluation in Nigeria...

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BusinessEconomyNewsNigeriaBuhari, Emefiele, Others for Virtual CIBN Banking, Finance Conference

PilotnewsAugust 31, 2020

President Muhammadu Buhari, among over 2,500 participants across the globe, is expected to participate in a virtual Banking and Finance Conference being organised by the Chartered Institute of Bankers of Nigeria (CIBN). Mr. Patrick Akinwuntan, Chairman, Consultative Committee of 13h Annual Banking and Finance Conference and MD/CEO, Ecobank Nigeria, made the disclosure in a statement on Sunday in Lagos. Akinwuntan said that the conference with the theme: “Facilitating a Sustainable Future: The Role of Banking...

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