NNPC Moves To End Fuel Queues With 24-hour Depot

NNPC Moves To End Fuel Queues With 24-hour Depot

The Nigerian National Petroleum Corporation (NNPC) said that it has adopted a 24-hour depot and retail services to totally clear the fuel queues in Abuja, Lagos and many states across the country. NNPC Chief Operating Officer, Ventures and Chairman of the NNPC Special Task Force on Fuel Monitoring, Dr. Victor Babatunde Adeniran, made this disclosure after an on-the-spot monitoring of NNPC Retail stations and those of Major and Independent Marketers in Abuja. Adeniran said the…

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FG To Revive Refineries By 2019 – Kachikwu

FG To Revive Refineries By 2019 – Kachikwu

He said that apart from giving the kiss of life to the plants, the government also targets three refineries for starters to produce at least 450 barrels per day. Uguru Usani, Ibe Kachikwu, Chibuike Amaechi, and Garba Shehu The minister also told State House correspondents that the Federal Government has no plans to reduce the price of Premium Motor Spirit (PMS), also known as petrol. Kachikwu briefed reporters alongside the Minister of Niger Delta Affairs,…

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Abuse The Naira, Go To Jail – CBN Warns Nigerians

Abuse The Naira, Go To Jail – CBN Warns Nigerians

The Central Bank of Nigeria,  warned Nigerians against abusing the naira notes. The apex bank said anyone caught abusing the naira would be prosecuted and if convicted the person risked six months in jail or a fine of N50,000. An official of the Currency Operation Department at the CBN headquarters, Mr. Samuel Shuaibu, disclosed this in Calabar, Cross River State capital, during the commencement of the ‘CBN Fair’, which was to sensitise residents of the…

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El-Rufai Signs N216bn, 2018 Budget Into Law

El-Rufai Signs N216bn, 2018 Budget Into Law

Gov. Nasir El-Rufai of Kaduna State has signed the N216.55 billion, 2018 budget passed by the State House of Assembly into law. The budget is made up of N131.1 billion capital expenditure and N85.44 billion recurrent expenditure. El-Rufai signed the budget at a ceremony at the Government House in Kaduna on Tuesday. “We have deliberately tagged it as Budget of Consolidation, because it is the last full annual budget before the 2019 election,’’ he said….

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CBN Injects $210m Into Currency Market

CBN Injects $210m Into Currency Market

The Central Bank of Nigeria said on Tuesday it had injected 210 million dollars into the interbank foreign exchange market, extending efforts to boost liquidity and alleviate dollar shortages. The bank said, in a statement, it had released 100 million dollars earmarked for the wholesale market, 55 million dollars for small businesses and individuals, and 55 million dollars for certain dollar expenses such as school fees and medical bills.

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2017 Budget: FG To Release Another N750bn Capital Vote

2017 Budget: FG To Release Another N750bn Capital Vote

The federal government is set to release another N750 billion to its ministries, departments and agencies (MDAs) as part of the capital component of the 2017 budget. It had earlier released N450 billion for capital projects since the budget was signed into law last June. Should it make good its promise, it would have released almost 50 per cent of its capital spending plan for the 2017 fiscal year. The Minister of Finance, Mrs. Kemi…

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Ambode Proposes N1.04tn Budget For 2017 Fiscal Year

Ambode Proposes N1.04tn Budget For 2017 Fiscal Year

Lagos State Governor, Mr. Akinwunmi Ambode, Monday presented an appropriation bill of N1.046 trillion to the state House of Assembly for the 2018 fiscal year, which he christened the budget of progress and development. Ambode, who addressed stakeholders at the budget presentation in captains of industry, civil society actors, political leaders and traditional among others, disclosed that the budget represented an increase of 28.67 per cent compared to what he proposed under the 2017 fiscal…

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Fashola Assures Of More Power In 2018

Fashola Assures Of More Power In 2018

Hon. Minister of Power, Works and Housing, Babatunde Fashola has stated that more electric power is expected to come on stream in the coming 2018 even as he noted that the N701 Payment assurance scheme initiated earlier in the year to help in the realisation of the incremental power policy of the federal government has started yielding positive results.

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Investigation Reveals N30b Oil Revenue ‘Hidden’ By NNPC

Investigation Reveals N30b Oil Revenue ‘Hidden’ By NNPC

Full disclosure in the administration of crude sales remains an issue at the Nigerian National Petroleum Corporation (NNPC) despite current efforts at enthroning transparency in the conduct of government business. An account reconciliation activity for crude oil transactions found gaps in the corporation’s reporting and remittances to the Federation Account for the month of October 2017. State governments had boycotted the Federation Account Allocation Committee (FAAC) meeting on November 23, accusing the NNPC of cutting…

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Top Ten Richest Black Women (richest black woman)

Top Ten Richest Black Women  (richest black woman)

The African continent has already given the world plenty of talented people. Many of them are women who became popular owing to their ambitions, perseverance, and hard work. The richest black women recommend that other women should be patient and determined in their desire to become rich. 1. Isabel dos Santos – Net worth: 3.35 billion dollars Isabel dos Santos is presently considered the richest woman in Africa. She is the daughter of the president of Angola, who has been…

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