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FG Set To Ban Importation Of Trucks Above 10 Years Span

FG Set To Ban Importation Of Trucks Above 10 Years Span

In a bid to curb the frequent petroleum tanker crashes on roads, the Federal Government has expressed its intention to ban the importation of articulated trucks older than 10 years. The government has also directed the Federal Road Safety Corps to commence the enforcement of the maximum load capacity of 45,000 litres of petroleum products...

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UBA grows gross earnings to N454.4b, delivers N90.4b PBT

UBA grows gross earnings to N454.4b, delivers N90.4b PBT

The United Bank for Africa Plc has reported a 5.98 per cent growth in gross earnings for the nine months ended September 2020. Its unaudited financial statements obtained from the Nigerian Stock Exchange showed a gross earnings of N454.39bn, up from N428.74bn in the same period of 2019. The group reported a profit after tax...

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2021 budget: Reps dismiss Ahmed, Akabueze’s representatives

2021 budget: Reps dismiss Ahmed, Akabueze’s representatives

The House of Representatives Committee on Science and Technology on Monday dismissed representatives of the Minister of Finance, Budget and National Planning, Zainab Ahmed, and Director-General of the Budget Office of the Federation, Ben Akabueze. The committee had invited Ahmed and Akabueze to explain how the 2021 Appropriation Bill was designed such that proposed estimates...

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Buhari to inaugurate 5,000bpd refinery in Imo today

Buhari to inaugurate 5,000bpd refinery in Imo today

The President, Major General Muhammadu Buhari (retd.), will lead a team of other top government officials, oil industry regulators and stakeholders to Imo State on Tuesday (today) for the inauguration of the 5,000 barrels-per-day Waltersmith Modular Refinery. The Waltersmith Group disclosed this on Monday in a statement, saying it would also break ground on a...

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Oil exploration in Gombe successful, says minister

Oil exploration in Gombe successful, says minister

Minister of State for Petroleum Resources, Timipre Sylva, has said the ongoing oil search activities in the North-East region of the country by the Nigerian National Petroleum Corporation has been very successful. The minister, who made this known on Monday while featuring on a television programme in Abuja, said two oil wells have been drilled in...

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Ighodalo:WHY Nigeria is totally MISSING out on $19tn global capital

Ighodalo:WHY Nigeria is totally MISSING out on $19tn global capital

The Chairman of the Board of the Nigerian Economic Summit Group, Mr Asue Ighodalo, has said Nigeria is missing out on the $19tn invested in negative-yielding assets globally because the country’s investment climate is seen as “unwelcoming, unsafe, and unpredictable”. Ighodalo said this on Monday in his welcome speech at the ongoing 26th Nigerian Economic...

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We begged people to buy oil at $9 – NNPC

We begged people to buy oil at $9 – NNPC

The Group Managing Director of the Nigerian National Petroleum Corporation, Mallam Mele Kyari, said buyers were begged to purchase the Nigerian crude oil at $9 per barrel in April. The global oil benchmark, Brent crude, plunged to as low as $15.98 per barrel in April, its lowest since June 1999 amid the collapse in demand...

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Water transportation will reduce port congestion —NIWA

Water transportation will reduce port congestion —NIWA

The Managing Director of the Nigerian Inland Waterways, George Moghalu, has outlined the benefits of water transportation, noting that it will reduce port congestion if properly developed. He made this statement on Sunday during a courtesy visit to the Royal Majesty, De Wheno Aholu Menu-Toyi 1, the Oba Akran of Badagry, Lagos State. Moghalu, who...

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Expert seeks increased sickle cell awareness

Expert seeks increased sickle cell awareness

A health researcher and director of Crimsonbow Sickle Cell Initiative, Miss Timi Edwin, has said the control of sickle cell disorder is being negatively affected by low awareness about the disease. In a statement on Sunday, Edwin said low awareness that about the disease had led to the increase of sickle cell disorder in Nigeria...