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We are totally confronting water challenge in Enugu, says SPA

We are totally confronting water challenge in Enugu, says SPA

…Reassures residents on adequate potable water supply soon The Special Adviser (SPA) to the Governor of Enugu State, on Water Resources, Hon. Anthony Dubem Onyia, has reassured residents of the state that the issue of inadequate water supply, one of the key challenges the administration of Governor Ifeanyi Ugwuanyi inherited, will soon be history. In...

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Dangote’s blood money

Dangote’s blood money

On January 23, a truck belonging to Dangote Group rammed into a shopping complex in Akungba Akoko, around Adekunle Ajasin University. Media reports state that the truck’s brakes failed as it descended a hilly approach and used the complex as a stopgap. In one fell swoop, eight persons were dead. The scale of the disaster...

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Reps probe unaccounted $339m oil

Reps probe unaccounted $339m oil

The House of Representatives has resolved to investigate the 5.2 million barrels of crude oil worth $339m, which was reported to have been unaccounted for by the Nigerian National Petroleum Corporation under the Direct Sales Direct Purchase plan. A member of the House, Abubakar Yalleman, moved a motion at the plenary on Wednesday to call...

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US partners Lagos to improve environment

US partners Lagos to improve environment

The United States Mission has expressed its desire to partner the Lagos State Government to improve the state’s environmental conditions and promote sustainable living in the state. The Consular General of the US embassy in Lagos, Claire Pierangelo, disclosed this during a visit of the officials of the Lagos State Environmental Protection Agency to the...

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CBN restructures loans, grants another 12-month extension

CBN restructures loans, grants another 12-month extension

The Central Bank of Nigeria has given another 12-month extension on the discounted interest rate for its intervention facilities. It said that the role-over of the moratorium on the facilities would be considered on a case by case basis It disclosed this in a circular on Wednesday to all banks and other financial institutions titled...

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Group urges FG to nationalise Shell

Group urges FG to nationalise Shell

Some Nigerian youths under the aegis of the Ethnic Youth Leaders and Patriotic Youth Organisations have urged the Federal Government to nationalise Shell Petroleum Development Company Limited assets in the country. The group, in suit number FHC/ABJ/CS/252/2021, filed before the Federal High Court in Abuja, alleged that a letter written by the Department of Petroleum...

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We can’t restock, scarcity worsening, lament petrol marketers

We can’t restock, scarcity worsening, lament petrol marketers

Oil marketers on Wednesday said the scarcity of petrol in many parts of Nigeria was not abating because of the difficulty currently faced by filling stations to restock their tanks with products. It was gathered that the recently introduced Customer Express e-payment platform introduced by the Pipelines Product Marketing Company had made it tough for...

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REPS TO INVESTIGATE NNPC’S MISSING 5.2 MILLION BARRELS OF CRUDE OIL UNDER Direct Sales Direct Purchase POLICy

REPS TO INVESTIGATE NNPC’S MISSING 5.2 MILLION BARRELS OF CRUDE OIL UNDER Direct Sales Direct Purchase POLICy

The House of Representatives has resolved to investigate the alleged missing 5.2 million barrels of crude oil. The alleged missing oil is under the Direct Sales Direct Purchase ,DSDP,policy of the Nigerian National Petroleum Corporation, NNPC. The DSDP is a policy of the NNPC that gives crude oil to refiners in exchange for distilled products....

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Petrol scarcity persists, transport fares rise by 100%

Petrol scarcity persists, transport fares rise by 100%

Petrol scarcity in Abuja and neighbouring Nasarawa and Niger states persisted on Tuesday and provoked an over 100 per cent rise in transport fares in many locations of the affected areas. Also, hundreds of black marketers of petrol surfaced in various roads in Abuja and environs, as they sold the commodity at between N300 to...

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Petrol scarcity, ploy to hike price, say marketers

Petrol scarcity, ploy to hike price, say marketers

The queues by motorists for petrol grew worse in Abuja and neighbouring states of Nasarawa and Niger on Monday as only few filling stations dispensed the commodity. But despite the scarcity and queues, which had lingered for several days, the Nigerian National Petroleum Corporation insisted on Monday that it had enough product to keep the...