Motor Spirit, popularly called petrol, being imported by major oil marketers, are to hit Nigeria from next week and may force down the price of the commodity, both major and independent dealers stated on Sunday. It was also gathered that crude oil refiners were currently releasing refined petroleum products on credit to dealers from […]
The Association of Mobile Money and Bank Agents In Nigeria (AMMBAN) said the recent increase in Point of Sales (POS) transaction charges is a reflection of the current economic climate in the country. The spokesman of the Lagos Chapter of AMMBAN, Stephen Adeoye, on Friday said this on Channels Television while giving the details […]
The federal government may have lifted the ban on importation of vehicles through the land borders, it has been revealed. The development is projected to revitalise economic activities within the corridor. Daily Trust reports that the last administration had closed land borders between Nigeria and Cotonou, Benin Republic, and subsequently banned the importation of […]
Hadi Sirika, former minister of aviation, says Nigeria Air was unveiled by the national carrier’s shareholders and not the federal government. The former minister spoke when he appeared on Arise TV on Sunday. Nigeria Air, which has an ownership structure of 49 percent held by Ethiopian Airlines, 46 percent by Nigerian private investors (SAHCO, […]
The House of Representatives has poked holes in the purported launch of Nigeria Air at the twilight of the administration of former President, Muhammadu Buhari, declaring it a fraud. Chairman of the House Committee on Aviation, Nnolim Nnaji, declared the launch of Nigeria Air a fraud after the major stakeholders in the deal between […]
The House of Representatives has called on the Federal Government to discontinue subsidies on not just the Premium Motor Spirit popularly known as petrol but on all petroleum products. This call follows the re-emergence of queues at the various fuel stations across the country, following the recent increase in the pump price of petrol […]
Nigeria needs $12bn to clean up decades-old oil spills in southern Bayelsa State over a 12-year period, a new report revealed on Tuesday, as it singled out two international oil companies, Shell and Eni, for being responsible for most of the pollution. Oil majors in Nigeria have long faced legal challenges over Niger Delta […]
The National Association of Nigerian Students, South-west Zone, has given MultiChoice Nigeria, a seven-day ultimatum to reverse its planned hike on DSTV and GOTV subscription rates. The student association made this known in a statement on Tuesday, signed by its Coordinator, Adejuwon Olatunji, Deputy Coordinator, Alao John, and Public Relations Officer, Opeoluwa Awoyinfa MultiChoice […]
MultiChoice Nigeria, on Tuesday, announced an upward review of prices on its DStv and GOtv packages. According to a text message to customers, seen by TheCable, the new rates will begin from May 1, 2023. The pay-tv firm said the price adjustment was due to the rising costs of business operations. “Please note that […]
Femi Otedola, the chairman of Geregu Power, has confirmed his acquisition of a 5.52 percent stake in Transcorp Plc. The development makes the billionaire businessman the second largest shareholder of the company. Recently, there have been reports that the acquisition was consummated between an entity owned by Otedola and the Asset Management Corporation of […]
