FG Will Support Local Producers, Manufacturers – Osinbajo

FG Will Support Local Producers, Manufacturers – Osinbajo

Determined to ensure that Federal Government’s business oriented regulatory agencies become facilitators for Micro, Small, & Medium Scale Enterprises, MSMES, the Buhari presidency would do all within its ability to support them and ensure they become thriving businesses. This assurance was given earlier yesterday by Acting President Yemi Osinbajo, SAN, during a visit to Aba, Abia State, where he participated in the First MSMES Clinics after the media launch in Abuja on Tuesday. In a…

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FRSC worker sues old generation Bank over false account

FRSC worker sues old generation Bank over false account

A middle aged man in Abakaliki, the Ebonyi State capital who is also a Federal Road Safety, FRSC staff, one Mr. Bob Idongesit yesterday dragged an old generation bank, United Bank for Africa(UBA) before a Federal High court over alleged false account. Mr. Idongesit who is a customer to the bank, allegedly requested for a letter of non-indebtedness from the bank on his account which the bank claimed he owed a bank cash on transfer…

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Tambuwal Goes After Hoarders Of Petrol In Sokoto

Tambuwal Goes After Hoarders Of Petrol In Sokoto

Sokoto State governor, Aminu Tambuwal, yesterday threatened to revoke the certificate of occupancy (C of O) of any petrol station whose owner is found hoarding the product. Tambuwal, who inspected some fuel stations in Sokoto town, alleged that some fuel dealers were hoarding the product to cause artificial scarcity. He said his government would commission a joint task force, to include officials of the Department of Petroleum Resources (DPR), to fish out erring fuel dealers….

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Gov Ayade Seals Deal With Investors For Bakassi Deep Seaport In China

Gov Ayade Seals Deal With Investors For Bakassi Deep Seaport In China

The actual commencement of construction work on the Bakassi deep seaport received a further boost last week, with the conclusion of arrangements in China by the Cross River State governor, Professor Ben Ayade with some Chinese investors. Ayade, who flew into China with some of his key commissioners and advisers a few hours after a closed door meeting with President Muhammadu Buhari in Aso Rock on Tuesday on the project, met with investors in Changsha…

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Water: Dickson spends N1.2 billion on 200 communities

Water: Dickson spends N1.2 billion on 200 communities

Water: Dickson spends N1.2 billion on 200 communities    …defends appointment of APC members in his govt   The governor of Bayelsa State, Henry Seriake Dickson, has expressed optimism that all communities in the State would get access to water in the next three years.   He also defended the appointment of members of the All Progressives Congress (APC) in his government, saying after elections, there was need for people to forget their political differences…

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Nigeria’s Wilfred Ndidi resumes at Leicester City

Nigeria’s Wilfred Ndidi resumes at Leicester City

Super Eagles midfielder, Wilfred Ndidi, has resumed fully at Leicester City after he was officially unveiled on Thursday by the reigning Premier League champions. Ndidi trained with the Foxes on Thursday and is set to do that again on Friday even as Coach Claudio Ranieri mutes an early debut for his new Nigerian acquisition. Ranieri said on Leicester City official website: “We’re very happy to have Ndidi here – he’s an impressive player with a…

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Tennis: Nigeria makes impressive start in Togo tournament

Tennis: Nigeria makes impressive start in Togo tournament

Nigeria began its quest for the defence of the 2017 ITF/CAT African Junior Championship West and Central Africa qualifiers in an impressive note with most of its players securing victories in their opening matches on Wednesday at the tournament holding in Lome, Togo. Wilson Igbinovia was the first among the Nigerians in action to bag a victory by beating Maiga Quattara of Burkina Faso 6-1, 6-2 in the boy’s 16 and under category. It was…

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SHOCKING: Firms facing trial for multi-billion subsidy fraud to lift Nigerian crude in 2017

SHOCKING: Firms facing trial for multi-billion subsidy fraud to lift Nigerian crude in 2017

The oil subsidy regime between 2009 – 2011 recorded one of the most monumental cases of fraud in Nigeria’s history, with the government paying importers subsidy for 59 million litres of fuel per day, while the country actually consumed about 35 million litres. In 2011, Nigeria spent N2.5 trillion on fuel subsidy, a 900 percent increase from the N245 billion in the year’s budget. More than 30 companies were identified after investigations were launched, and several of…

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Nigeria’s financial system stalls economic growth – Report

Nigeria’s financial system stalls economic growth – Report

Nigeria’s lack of an efficient and resilient financial system is holding back inclusive and sustainable growth in the country, a new report by PricewaterCooper, PwC, has revealed. The report states that Nigeria has by far the highest percentage of its population living in poverty, and its financial system also shows the least progress of all seven emerging markets identified in the report. The report, obtained by PREMIUM TIMES Wednesday, was titled ‘Geared up for growth:…

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Fuel scarcity looms as NUPENG commences nationwide strike

Fuel scarcity looms as NUPENG commences nationwide strike

The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Wednesday began its three-day nationwide warning strike over unresolved labour issues with multinationals operating in the oil and gas industry. Rotimi Benjamin, the Vice-Chairman, South-West Zonal Council of the union, told the News Agency of Nigeria in Lagos that the three nation’s refineries were not loading due to the strike. Mr. Benjamin said that the situation remained the same in both private and NNPC…

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