Bill on Nigerian Local Content Passes 2nd Reading in Senate

EconomyNewsNigeriaOil & GasBill on Nigerian Local Content Passes 2nd Reading in Senate

PilotnewsJune 9, 2020

A bill for an act to enact the Nigerian Local Content act on Tuesday passed second reading in the Senate. This followed the presentation of the lead debate by the sponsor of the bill Sen. Teslim Folarin during plenary. The bill is entitled “A Bill for an Act to Enact the Nigerian Local Content to Provide for the Development, Regulation and Enforcement of Nigerian Content in all sectors of Nigerian Economy except in the Oil and Gas Sector and other matters...

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Removal of fuel Subsidy, Price-fixing Excites Atiku

EconomyNewsNigeriaPoliticsRemoval of fuel Subsidy, Price-fixing Excites Atiku

PilotnewsJune 5, 2020

ABUJA –– Former Vice President Atiku Abubakar has described the stoppage of subsidy and price-fixing for petrol as a right move by the All Progressives Congress (APC) administration led by President Muhammadu Buhari. Abubakar is also the leading opposition Peoples Democratic Party (PDP) presidential candidate in the 2019 general elections. In his verified Twitter handle on Friday, he called on Federal and State Governments to remove other impediments and roll out incentives to spur investments in the oil sector. Also, DPR warns petrol...

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Buhari Nominates Okonjo-Iweala to Head World Trade Organization

BusinessWorld NewsBuhari Nominates Okonjo-Iweala to Head World Trade Organization

Bada Yusuf Amoo (Correspondent)June 5, 2020

President Muhammadu Buhari has nominated former Coordinating Minister for the Economy, Ngozi Okonjo-Iweala for the position of the Director-General of the World Trade Organization. In an official statement from the Federal Government of Nigeria which was sent to the African Union Thursday, President withdrew the candidacy of Yonov Agah, Nigeria’s permanent representative to the WTO, for the same position. The election is scheduled to hold in 2021 in Geneva, Switzerland. The position is run for...

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Ogun Assembly Passes Mortgages Bill

BusinessNewsNigeriaOgun Assembly Passes Mortgages Bill

PilotnewsJune 4, 2020

The Ogun House of Assembly on Thursday passed the bill establishing the Ogun Mortgages and Foreclosure Authority to regulate mortgages in the state. Mr Damilola Soneye, the Chairman, House Committee on Lands and Housing, presented the committee’s report to the Assembly during plenary in Abeokuta. Soneye (APC -Obafemi Owode) moved the motion for the adoption of the report and this was seconded by Wahab Haruna (ADC -Yewa North 11). Mr Yusuf Sherif, the Majority Leader,...

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Enugu State Board of Internal Revenue Service Boss Re-Appointed

EconomyNewsNigeriaEnugu State Board of Internal Revenue Service Boss Re-Appointed

Ije Ulasi (Regional Correspondent)June 4, 2020

Enugu State House of Assembly has confirmed the re-appointment of Emeka Odo as Chairman Enugu State Board of Internal Revenue Service. During his screening on Thursday, Odo revealed some of his achievements as Chairman of the Board for the last four years. “During my first tenure, I automated revenue collection system in the State in order to block revenue leakages”, Odo said. He further stated that the automation of the revenue collection system has massively...

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Nigeria’s Proven Gas Reserve Now 203.16tcf, Says DPR

BusinessNewsOil & GasNigeria’s Proven Gas Reserve Now 203.16tcf, Says DPR

PilotnewsJune 4, 2020

The Department of Petroleum Resources (DPR) said on Wednesday that Nigeria’s proven natural gas reserve had become 203.16trillion cubic feet (tcf), while crude oil reserve was 36.89billion barrels (bb) as at Jan. 1, 2020. Mr Sarki Auwalu, Director, DPR,  gave the numbers on Wednesday during an online interactive session with the media on topical issues in the oil and gas industry in Nigeria. Auwalu said the new figures represented a marginal increase of 1.16tcf in proven...

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FG Halts Refund to States for Cash Disbursed on Federal Projects Without Approval

EconomyNewsNigeriaFG Halts Refund to States for Cash Disbursed on Federal Projects Without Approval

Adeola Oladipupo (Correspondent)June 4, 2020

The Federal Executive Council (FEC) has warned states that the federal government would not refund monies they expended on federal projects within their boundaries without securing approval to begin such projects. This was disclosed by the Minister for Information, Culture and Tourism, Lai Mohammed, after the FEC meeting held on Wednesday. The minister said the FEC had approved a refund of N148,141,987,161.25 to five states – Cross River, Osun, Ondo, Bayelsa and Rivers States —...

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FG Directs Senior Officers, Workers on Essential Services to Resume Work

CoronavirusJobsNewsNigeriaFG Directs Senior Officers, Workers on Essential Services to Resume Work

PilotnewsJune 2, 2020

The Federal Government has directed officers on Grade Level 14 and above including those on essential services to resume work on daily basis with effect from Tuesday,  June 2, 2020. The Head of the Civil Service of the Federation (HOCSF), Dr Folasade Yemi -Esan, made this known in a statement signed by the Director of Information in her office Mrs Olawunmi Ogunmosunle on Tuesday in Abuja. “To this effect, concerned officers are hereby directed to...

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PPPRA Reduces PMS Pump Price to N121.50 Per Litre

BusinessNigeriaOil & GasPPPRA Reduces PMS Pump Price to N121.50 Per Litre

PilotnewsJune 1, 2020

The Petroleum Products Pricing Regulatory Agency (PPPRA) has slightly reduced the pump price of Premium Motor Spirit (PMS), also known as petrol to N121.50 per litre from N123.50. The agency disclosed this in a letter to marketers with reference number A.4/9/017/C.2/V/701 titled “Guiding Price for Premium Motor Spirit (PMS) in the Month of June 2020,” released on Monday in Abuja. The News Agency of Nigeria (NAN) reports that the new price is N2 less than...

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50 Journalists Lose Job to Robots at Microsoft

JobsTechnologyUnited States50 Journalists Lose Job to Robots at Microsoft

PilotnewsMay 31, 2020

About 50 journalists working with Microsoft are set to lose their jobs, as the American multinational tech giant reportedly moves to replace them with robots. According to local media reports, those affected are contract employees working as curators for the company’s news website, MSN. They perform functions such as selection of stories, headlines, pictures and other contents from news organisations for the MSN site. The Seattle Times quoted unidentified insiders as saying the company has...

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