Air Peace, Nigeria’s largest flight carrier, has suspended operations to Kaduna International Airport. A source disclosed this to Daily Trust, attributing the development to the gun attack around the airport at the weekend. Daily Trust had reported how bandits gunned down a local guard attached to the Nigerian Airspace Management Authority on Saturday. The […]
Bakers under the aegis of the Premium Breadmakers Association of Nigeria (PBAN) say the hike in diesel price and exchange rate volatility has caused many of its members across the country to shut down their business operations. In a phone interview with TheCable on Monday, Emmanuel Onuorah, PBAN president, expressed concern that the challenges […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country lost about $3.27 billion worth of crude oil to theft between January 2021 and February 2022. The commission disclosed this during a presentation on crude oil theft at a stakeholders’ engagement with the Oil Producers Trade Section (OPTS) and the Independent Petroleum Producers Group […]
The Nigerian Ports Authority (NPA) on Thursday said that 22 ships at the Lagos Port Complex were discharging petrol and others. The NPA in its daily Shipping Position said that the ships were discharging bulk wheat, general cargo, container, frozen fish, ethanol, automobile gasoline, base oil, butane gas, bulk urea and petrol. The authority […]
Anambra State Government said yesterday that residents and business owners owed N513.9billion as taxes to the state. Dr. David Nzekwu, outgoing chairman of Anambra Internal Revenue Service (AIRS), disclosed this at a news conference in Awka. He said the figure was a total of taxes owed by more than 2.1 million potential tax payers […]
Imo State Governor Hope Uzodimma has advocated full utilisation of potential of the over 200 trillion gas deposits in the state, to enhance revenue generation in the country, particularly now that the Russia-Ukarine war is on. Uzodimma, represented by his deputy, Prof. Placid Njoku, spoke yesterday in Owerri at the opening ceremony of a […]
MultiChoice Nigeria has increased the prices of its DStv and GOtv packages MultiChoice Nigeria is the Nigerian subsidiary of MultiChoice Africa, owner of DStv and GOtv. “In light of the rising costs of inflation and business operations, we have had to review the price of our packages to keep delighting our customers with great […]
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), says the country is unable to meet its production quota due to unwarranted oil theft in the sector. Emefiele said this on Monday at the end of the 284th monetary policy committee (MPC) meeting in Abuja. After MPC meeting, , the committee concluded to […]
The Central Bank of Nigeria (CBN) has cut interest rates on all intervention facilities from nine to five per cent per annum. The regulatory forbearance would allow banks to restructure loans given to sectors severely affected by the Covid-19 pandemic and strengthen the Loan to Deposit Ratio (LDR) policy, which has resulted in a […]
The Minister of State for Petroleum Resources, Chief Timipre Sylva, has said all petroleum depots selling petrol and other products above the approved ex-depot price will be sanctioned. The minister, who briefed newsmen in Abuja, said: “We are aware that there are some depot owners who are taking advantage of the situation by increasing […]
