BREAKING: PPPRA’s Petroleum Pump Price Cap Declines

EconomyNewsNigeriaBREAKING: PPPRA’s Petroleum Pump Price Cap Declines

Beloved John (Staff Writer)March 19, 2020

The Petroleum Product Pricing Regulatory Agency(PPPRA) has announced a sharp cut in the Expected Open Market Price (EOMP) of petroleum and crude oil. Following the Slash in the pump price of petrol to 125 per litre by the Nigeria National Petroleum Commission(NNPC), the petroleum agency signaled a drop in it Open Market price. A statement by the agency said, the move was in line with the government directives to reduce the retail price of Petro...

CONTINUE READING
Africa: Oil and Debt

AfricaEconomyAfrica: Oil and Debt

PilotnewsMarch 15, 2020

Last month, World Bank’s managing director David Malpass expressed concern about the amount of debt some of Africa’s economies were piling on. In particular, he worried about the lack of transparency in some of the loan deals being struck with China. Africa’s debt load has soared some 150% to over $583 billion in 2018 from $236 billion 10 years earlier, according to World Bank data. A sizable chunk of that debt in Africa is made...

CONTINUE READING
$350m World Bank Loan: Senator Uba Sani says ‘Hold me if El-Rufai Fails’ – Sen. Uba

MoneyNigeria$350m World Bank Loan: Senator Uba Sani says ‘Hold me if El-Rufai Fails’ – Sen. Uba

Adeola Oladipupo (Correspondent)March 12, 2020

The Senator Representing Kaduna Central, Mr. Uba Sani, has guaranteed that Kaduna State Governor, Nasir El-Rufai would utilise the $350 million World Bank loan for the welfare of the people of Kaduna State. Mr. Sani said this following the approval of the loan by both the Senate and the House of Representatives. “I have assured my colleagues in both the Senate and the House of Representatives that it is not possible for the Governor of...

CONTINUE READING
El-Rufai sets to demolish Kaduna Market, orders traders to leave within three days

MarketsNewsNigeriaEl-Rufai sets to demolish Kaduna Market, orders traders to leave within three days

Adeola Oladipupo (Correspondent)March 7, 2020

The Kaduna State Government has informed occupants of the Kasuwan Barchi market in Tudun-Wada of Kaduna Central Local Government of the state to leave the area in three days. The eviction notice which was issued by the Director-General of the Kaduna State Urban Planning and Development Authority, KASUPDA, Ismail Umar-Dikko, to the occupants of the market on Friday, is to pave way for the Urban Renewal Projects by Governor Nasir El-Rufai. Part of the notice...

CONTINUE READING
Twitter’s CEO Reconsidering Moving to Africa Due to Coronavirus

BusinessHealthWorldTwitter’s CEO Reconsidering Moving to Africa Due to Coronavirus

Adeola Oladipupo (Correspondent)March 6, 2020

Coronavirus outbreak has made Twitter’s CEO Jack Dorsey to rethink his plans to spend up to six months in Africa, after he made the announcement in November 2019. Although he did not mention the country he would stay, there are speculations that it could be one of Ethiopia, Ghana, Nigeria or South Africa. Mr. Dorsey made this announcement during the Morgan Stanley conference in California that he would reconsider the idea, citing coronavirus outbreak. He...

CONTINUE READING
Nigerian Considering Budget Review as Covid-19 Strikes Oil Prices

EconomyNewsNigeriaNigerian Considering Budget Review as Covid-19 Strikes Oil Prices

PilotnewsMarch 5, 2020

The Federal Government of Nigeria is considering a review of the 2020 budget in order to make plans for the drop in oil prices triggered by coronavirus outbreak globally, Mrs. Zainab Ahmed, the Minister of Finance/Budget Planning said on Wednesday. According to the minister, the government was troubled by the fall in oil revenue and that a mid-term review of the budget was on the table. Briefing newsmen after the Federal Executive Council meeting, the...

CONTINUE READING
Buhari’s $22.7 Billion Loan Request Approved as Some Senators Alleged Exclusion of Some Regions

EconomyNewsNigeriaBuhari’s $22.7 Billion Loan Request Approved as Some Senators Alleged Exclusion of Some Regions

Adeola Oladipupo (Correspondent)March 5, 2020

After a heated debate and a closed- door session that lasted 45 minutes, lawmakers in the Senate have approved President Buhari’s $22.7 billion loan request to fund key infrastructural projects, four years after it was rejected by the Saraki-led eight Senate. The loan request was given a green-light after the report of the Senate committee on Local and Foreign debts was read and recommended for approval by its chairman, Clifford Ordia (PDP, Edo). But some...

CONTINUE READING
ENUGU: More Agricultural Extension Workers Needed in Enugu State

FoodInvestingNigeriaENUGU: More Agricultural Extension Workers Needed in Enugu State

Ije Ulasi (Regional Correspondent)March 4, 2020

The Enugu State Agricultural Development Programme (ENADEP), Programme Manager Dr. Matthias Onu has lamented over the inadequate number of extension workers in the state. Dr. Onu in an interview on Tuesday stated, “Inadequate extension workers affect ENADEP from achieving its objective of developing and promoting agriculture especially in the rural communities”. He further said, “For an effective and efficient delivery and accomplishment of the programme, about 365 extension workers is needed but presently the state...

CONTINUE READING
Dana Air Introduces Additional Flights on Lagos, Abuja, P/Harcourt, Uyo Routes

BusinessNewsNigeriaDana Air Introduces Additional Flights on Lagos, Abuja, P/Harcourt, Uyo Routes

PilotnewsFebruary 27, 2020

Dana Air has introduced additional flights on its Lagos, Abuja, Port Harcourt and Uyo routes as part of its route consolidation and expansion project. Mr Kinglsey Ezenwa, the Media and Communications Manager of the airline, made this known in a statement in Lagos on Thursday. Ezenwa said the additional flights which would be operated by the airline’s latest Boeing 737 aircraft, would bring the total number of flights operated by the airline to 36 daily....

CONTINUE READING
We Made $104million from Film, Music Industry in 2019 – FG

BusinessFilmNigeriaWe Made $104million from Film, Music Industry in 2019 – FG

Stanley Diamond (Busines Correspondent)February 26, 2020

The Federal government says it made a total of $104 million from film and music industry in 2019. The Minister of Information and Culture, Lai Mohammed madder this known during an official visit to the Nigerian Tourism Development Corporation, NTDC  in Abuja. He described the Nigerian film industry as an untapped assets that needs to be explored for economy prosperity. According to Mohammed, the creative industry remains the fastest growing sector of the economy with $53 million and $51 million...

CONTINUE READING

Newer Posts

Older Posts

WP2Social Auto Publish Powered By : XYZScripts.com