NRC to Train Staff on Customer Relations

BusinessTravelNRC to Train Staff on Customer Relations

PilotnewsJanuary 30, 2022

ABUJA — The Nigerian Railway Corporation (NRC) said one of its cardinal programmes for 2022 was to train its staff on customer relations. Mr. Fidet Okhiria, NRC’s Managing Director, disclosed this in an interview with the News Agency of Nigeria(NAN) on Sunday in Abuja. Okhiria commended NRC staff for maintaining high discipline when carrying out their responsibilities. He however said more training especially in customer relations was necessary to help the staff relate more and...

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Lagos Train Tickets to Cost N200 to N300 Per Trip

BusinessTransportationLagos Train Tickets to Cost N200 to N300 Per Trip

Beloved John (Staff Writer)January 29, 2022

LAGOS — Babajide Sanwo-Olu, governor of Lagos, has announced that residents will pay between N200 and N300 for train tickets in the state. He indicated this when he featured on Sunrise Daily, a Channels Television programme on Friday. Speaking on his administration’s plan for transportation in 2022, the governor said the vision of his government is to reduce traffic and the time commuters spend on the road. “Time is money and we need to move...

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33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

BusinessNewsOil & Gas33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

Bada Yusuf Amoo (Correspondent)January 28, 2022

ABUJA — A total of 128 awardees that emerged as successful bidders in the 2020 Marginal Field Bid Round have made complete and part payments for signature bonuses in the oil fields, the Federal Government said on Thursday. It also disclosed that 33 awardees did not make payments during the 45 days window given to successful bidders to pay the required signature bonuses for the oil fields and as such had lost their awards to...

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Court Stop Federal Government From Deductions In The The Federation Account

EconomyLaw & JusticeNewsCourt Stop Federal Government From Deductions In The The Federation Account

Hassan Umar Shallpella (Regional Correspondent)January 27, 2022

ABUJA — A Federal High Court in Abuja on Wednesday stopped the federal government from further making deductions from the federation account to fund its own agencies not listed for direct allocation in the 1999 constitution (as amended). Rivers State, in the suit marked FHC/ABJ/CS/511/2020 and instituted on its behalf by former president of the Nigerian Bar Association NBA, Joseph Daudu (SAN), had challenged the decision of the federal government to allocate funds directly from...

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Wike Wins FG as Court Stops Illegal Deduction from Federation Account

EconomyNewsWike Wins FG as Court Stops Illegal Deduction from Federation Account

Bada Yusuf Amoo (Correspondent)January 27, 2022

ABUJA — A Federal High Court in Abuja on Wednesday stopped the Federal Government from further making deductions from the Federation Account to fund its own agencies not listed in the 1999 Constitution for direct allocation. The court declared as illegal, unlawful, and unconstitutional the direct allocations made so far by the government from the Federation Account to fund the Nigeria Police Trust Fund. Delivering Judgment in a suit instituted by the Rivers State Government...

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Dangote Maintains Rank As Forbes’ Richest Man in Africa

AfricaBusinessWealth and InheritanceDangote Maintains Rank As Forbes’ Richest Man in Africa

PilotnewsJanuary 25, 2022

Alhaji Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List. This is contained in a post on their verified Twitter account @Forbes. According to the report, for the 11th year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth an estimated $13.9 billion, up from $12.1 billion in...

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Fuel Subsidy: Federal Govt Extends Deadline

BusinessOil & GasFuel Subsidy: Federal Govt Extends Deadline

Hassan Umar Shallpella (Regional Correspondent)January 25, 2022

ABUJA — Minister of State for Petroleum Resources, Timipre Sylva said the subsidy of fuel will last for another 18months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly. He gave this indication on Tuesday while briefing State House Correspondents in Abuja, explaining that the rehabilitation of refineries are ongoing, while Dangote refinery is almost coming on stream. “President Muhammadu Buhari being aware of the negative implications of...

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CITN Applauds FCT-IRS For Generating N118bn in 2021

EconomyTaxationCITN Applauds FCT-IRS For Generating N118bn in 2021

PilotnewsJanuary 23, 2022

ABUJA — The Chartered Institute of Taxation of Nigeria (CITN) has commended the Federal Capital Territory Internal Revenue Service (FCT-IRS) for generating N118 billion revenue in 2021. The Head, Corporate Communications FCT-IRS, Malam Mustapha Sumaila made this known in a statement in Abuja on Sunday. The President of the Institute, Mr. Adesina Adedayo commended FCT-IRS when he paid a courtesy visit on the Acting Executive Chairman of Service, Mr. Haruna Abdullahi. Adedayo, who led a...

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NGX Gains N810bn Ahead of First MPC Meeting

EconomyInvestingNGX Gains N810bn Ahead of First MPC Meeting

PilotnewsJanuary 23, 2022

LAGOS — The Nigerian Exchange Ltd. (NGX) has posted a growth of N810 billion ahead of the first 2022 Monetary Policy Committee (MPC) slated for Jan. 24 and 25. The market capitalisation, which opened last week at N23.951 trillion garnered N810 billion or 3.38 per cent to close at N24.761 trillion, Jan. 21. Also, the NGX All-Share Index inched higher by 1,502.68 or 3.38 per cent to close at 45,957.35 from 44,454.67 posted in the...

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Nigeria’s Bond Issuance Oversubscribed by N139 Billion – DMO

EconomyMarketsNigeria’s Bond Issuance Oversubscribed by N139 Billion – DMO

Beloved John (Staff Writer)January 22, 2022

ABUJA — The Debt Management Office (DMO) has indicated that the country’s January bond issuance valued at N214.05 billion ended with an oversubscription of N139 billion. The debt office announced in the FGN bond result released on Wednesday. The agency noted that it offered two tranches of bonds worth N75 billion each. The auction ended on January 19 and has a settlement date of January 22, 2022. The agency offered a reopened 10-year bond at...

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