Friday, January 21, 2022
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Economy

Economy

Petrol scarcity in Taraba due to shortfall in supply from depot, says DPR

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The Department of Petroleum Resources (DPR), Taraba Operations Office, on Friday said that a shortfall in the supply of petroleum products was responsible for the current petrol scarcity in the state. Alhaji Abdullahi Nature, Operations Controller, Jalingo Field Office...
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Economy

IPMAN urges govs. to intervene in Imo petrol crisis to avert energy crisis in southeast

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  The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on Imo government to quickly resolve its disagreement with Petroleum Tanker Drivers (PTD). IPMAN, Enugu Depot Community, which serves Imo, Anambra, Ebonyi, Abia, Benue, Kogi, Cross River and Enugu States,...
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Economy

We recorded biggest economic growth in 6 years – Buhari

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President Muhammadu Buhari says focus on job creation, consistency in policy and innovation stimulated a 5% growth of the economy in the second quarter, 2021, which is the highest in six years. The president, who stated this at the inauguration...
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Economy

PIA ‘ll engender efficiency, competitiveness in downstream sector – IPMAN

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 The  Independent Petroleum Marketers Association of Nigeria (IPMAN),  says the Petroleum Industry Act (PIA) will engender conducive environment for  more efficient downstream sector. IPMAN’s National President,  Alhaji Sanusi Fari,  made this known in a...
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Economy

FG begins 4th MSMEs survey – NBS

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The Federal Government is set to begin the fourth round of the Micro, Small and Medium Scale Enterprises (MSMEs) survey. The disclosure was made on Thursday in Abuja at a news conference jointly addressed...
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Economy

22 ships discharge petroleum products, others at Lagos ports

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 The Nigerian Ports Authority (NPA) said 22 ships were discharging bulk wheat, general cargo, container, bulk salt, butane gas, bulk fertilizer, trucks, frozen fish, butane gas, fuel and bulk gypsum at Lagos ports. The...
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Economy

MAN tasks banks on CBN forex directive compliance

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The Manufacturers Association of Nigeria (MAN) has urged commercial banks to comply strictly with the Central Bank of Nigeria (CBN) directive on the sale of foreign exchange to eligible customers. Dr Okwara Udensi, MAN...
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Economy

Audi posts record first-half sales, but cautions on second half

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 Upmarket German carmaker, Audi, posted record unit sales for the first half of the year on Friday. The automaker, however, cautioned that bottlenecks in semiconductor supplies and increased raw material costs would impact the...
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Economy

FG commences construction of Kaduna-Kano rail

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 In a bid to link the country through rail, President Muhammadu Buhari will do the ground breaking of the Kaduna-Kano standard gauge by Thursday. Dr Magdalene Ajani, Permanent Secretary, Ministry of Transportation, disclosed this...
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Economy

Market Women Lauds PMB, CBN Over Boost in Economy

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A coalition of several Market Women Organisations have commended President Muhammadu Buhari and the Central Bank of Nigeria (CBN) for the boost witnessed in the economy which has made business worth the venture...
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There Was An Attempt To Bomb Me Near Kawo Bridge In Kaduna – President Buhari

President Muhammadu Buhari on Thursday inaugurated the 800-metre long flyover in Kawo, Kaduna State, recounting how he narrowly escaped...
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Court Remands Man for Killing His 75-year-old Mother in Ekiti

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For allegedly killing his septuagenarian mother, an Ekiti State Chief Magistrate Court in Ado Ekiti has ordered the detention of a 35-year-old man, Abiola...
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2023: Tinubu Visits Minna, Says IBB ‘Gave Me His Prayers’

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A presidential aspirant of the All Progressives Congress (APC) in the 2023 general elections, Bola Tinubu has visited Minna, the Niger State capital. Addressing journalists...
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Soludo rejects ‘His Excellency’ title, opts for ‘Mr Governor’, ‘Charlie Nwangbafor’

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Anambra State Governor-elect, Prof Chukwuma Soludo has rejected the title ‘His Excellency’, opting to be addressed as Prof Chukwuma Soludo. The governor-elect, however, directed that...
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Kwara bans street begging, signs MoU with Hausa community

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By Stephen Olufemi Oni, Ilorin Kwara State government has banned street begging in Ilorin, the state capital. The Commissioner for Social Development, Hon. Abosede Aremu, announced...
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