LASG to put measures in place to curb fuel tanker accidents
The Lagos State Government has said it is set to stop the incessant truck accidents taking the lives of innocent citizens. The government said it convened a stakeholders’ meeting with key representatives of the downstream energy sector to deepen safety awareness of operators, given the spate of fire incidents involving petroleum tankers in recent times. […] Read More
FG still consulting on revised budget – Finance minister
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday met with the leaders of some key committees of the National Assembly to get their input for the revised 2020 budget. The budget is still being put together by the executive arm of government. The minister, who was accompanied by the Director-General, Budget […] Read More
FCMB introduces initiatives to boost SMEs performance
First City Monument Bank says it is committed to the growth of the Small and Medium Enterprises by connecting them to experts among other initiatives. A statement from the bank said to boost the productivity and overall performance of businesses, it introduced an initiative tagged, “Top-5-in-5,” a digital video knowledge sharing and capacity building series […] Read More
Nigeria’s local content law amendment passes second reading
The Nigerian Senate on Tuesday passed for second reading the Nigerian Oil and Gas Industry Content Development Bill 2020. The red chamber said the amendments to the Nigerian Oil and Gas Industry Content Development Act 2010 would boost local content and strengthen the nation’s economy. The sponsor of the bill, Senator Teslim Folarin, said it […] Read More
PPPRA grants marketers fuel importation permits
Private oil marketers have now joined the Nigerian National Petroleum Corporation in the importation of petrol. It was gathered from the Petroleum Products Pricing Regulatory Agency on Tuesday in Abuja that permits had been given to several marketers to start importing petrol alongside the NNPC. Before the downstream oil sector was liberalised in March this […] Read More
Develop a long term socioeconomic plan for Nigerians
The House of Representatives has asked the Federal Government to develop a long-term socioeconomic plan for Nigeria. This the lawmakers adopted a motion at the plenary on Tuesday, entitled, ‘Need for Nigeria to Develop a Long-Term Social and Economic Development Framework Vision’. According to a PUNCH report, the House urged the Federal Government to develop […] Read More
Senate insists on reversal of power privatization immediately
The Senate on Tuesday asked the Federal Government to consider a comprehensive review of the power privatization policy with a view to reversing the current arrangement. The red chamber said Nigerians would not enjoy stable power supply in the next 10 years if the activities of the distribution companies were not reviewed and restructured. The […] Read More
CBN to stop FOREX for goods with local substitutes
The Central Bank of Nigeria (CBN), says it will no longer support the importation of items that can be produced in Nigeria with FOREX. This it said in a recent statement credited to the Governor of the apex Bank, Mr Godwin Emefiele who reiterated the new stance. As Nigeria continued the process of full reopening […] Read More
COVID-19: ExxonMobil supports fight with vehicles donation
Mobil Producing Nigeria, an ExxonMobil affiliate, has said it is donating 22 additional vehicles including two ambulances and medical supplies to various state governments and the Nigeria Centre for Disease Control to assist in the country’s fight against the COVID-19 pandemic. The oil major said in a statement that the Akwa Ibom State Government would […] Read More
FG to likely put up more public assets for sale
There are strong indications that the Federal Governments may be planning to put up more public assets for sale by even as the government owned Bureau of Public Enterprises reviews the 2020 Privatisation Work Plan. Checks revealed that work on the review of the privatisation work plan Checks by our correspondent revealed that work on […] Read More
