‘No plan to increase petrol price in May’, NNPC assures

…Says fuel queues will disappear soon There is no plan to increase the pump price of Premium Motor Spirit (PMS), popularly known as petrol, for the month of May, according to the Nigerian National Petroleum Corporation (NNPC). The Group Managing Director, Malam Mele Kyari, disclosed this at the end of a closed-door meeting with Petroleum Transport Drivers (PTD), National Association of Road Transporters Owners (NARTO), and oil marketers on Monday in Abuja, the nation’s capital. The meeting, convened by the NNPC boss, was held amid the industrial action by the…

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9 yrs after, Chanchangi Airlines set to resume flight operations

Nine years after ceasing operations, Chanchangi Airlines is set to return to the country’s airspace. The Director-General of the Nigerian Civil Aviation Authority (NCAA), Capt Musa Nuhu, who disclosed the plan on Friday said the Kaduna-based airline is preparing a comeback. He gave the hint while explaining the high demand for air travel in the country, saying that “Chanchangi wants to come back and they want to use ATR, they are planning to come back. The demand is there”. With its head office in the Chanchangi Office Complex in Kaduna,…

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“We have an accurate record of crude oil production” – DPR to NEITI

The Department of Petroleum Resources, (DPR), has stated that it has a record of the exact quantity of crude oil produced in the country. Recall that the executive secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Ogbonnaya Orji had stated that the exact quantity of crude oil produced in the country is unknown due to the absence of meters at wellheads and the lack of capacity to monitor deep offshore fields. The Department of Petroleum Resources (DPR) has stated that it has a record of the exact quantity of…

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Customs arrest three smugglers, intercept contrabands worth N786m

Officers and Men attached to the Zone ‘B’ Strike Force Team of the Nigeria Customs Service (NCS), have arrested three smugglers and intercepted contraband with a duty paid value of N786,911,648 across the northern region. The unit coordinator, DC Oseni Olarukoba, disclosed this on Friday, during a press briefing held at the Katsina State Command headquarters of the NCS. The contraband he explained, was intercepted within the long stretched borders of the Northern States, which covers the Far North-East, North-West and North-Central parts of the country. Olorukoba, while taking journalists…

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FG officially flags-off freight services on Itakpe-Warri rail line

The Minister of Transportation, Rotimi Amaechi, has officially flagged-off freight and haulage services on the Itakpe-Ajaokuta-Warri rail line. It was gathered that this will mark the opening of the rail line for goods and cargo movement. Recall that Amaechi had, in a tweet on Wednesday, announced the official start of the movement when he said: “This Friday, we’ll officially flag off freight services and haulage activities on the Warri-Itakpe rail line”. The Itakpe-Warri railway line, which links Warri in Delta state to Ajaokuta, in Kogi State, was inaugurated by President…

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Lagos, Rivers, FCT, Delta top 2020 IGR chart – NBS

…States IGR drops to N1.31tr in 2020 Lagos, Delta, Kaduna and Ogun States topped the 2020 Internal Generated Revenue (IGR) chart in the country, a report released by the National Bureau of Statistics (NBS) has shown. The NBS disclosed this on Friday, in its “Internally Generated Revenue At State Level” report for the fourth quarter and full-year 2020 published on its website. The NBS said Lagos State recorded the highest IGR of N418.99bn, closely followed by Rivers, with N117.19bn and the FCT with N92.05bn. Delta State recorded N59.732bn; Kaduna N50.768bn;…

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N60bn controversy: CBN’s duty is to print money and lend to govt – Emefiele

…As CBN to restrict foreign exchange for sugar, wheat importation The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Friday said it is the duty of the bank to print money that can be lent out to the government. Emefiele’s comment comes following the allegation that N60 billion were printed by the apex bank which was used in paying the March Federal Allocation to States. Governor Godwin Obaseki has opened a can of worms, saying that the N60 billion shared by the Federal Government to states as…

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PHOTO NEWS: FG officially flags-off movement of goods through rail transport

The Minister of Transportation, Rotimi Amaechi, has officially flagged-off freight and haulage services on the Itakpe-Ajaokuta-Warri rail line. It was gathered that this will mark the opening of the rail line for goods and cargo movement. Recall that Amaechi had, in a tweet on Wednesday, announced the official start of the movement when he said: “This Friday, we’ll officially flag off freight services and haulage activities on the Warri-Itakpe rail line.”

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Nigeria’s inflation rate surges to 18.17% in March – NBS

…Highest in over 4 yrs Nigeria’s Consumer Price Index, (CPI), which measures the rate of increase in the price of goods and services, increased to 18.17 percent in March 2021. This is according to the March 2021 consumer price index/inflation report released by the National Bureau of Statistics, (NBS), yesterday. This is 0.82 percent points higher than the rate recorded in February 2021 (17.33 %). The March figure is the highest since January 2017 when it climbed 18.72 %. The food inflation figure also increased by 1.16 % on a…

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Just In: Ganduje reconciles Dangote, BUA in Abuja

Chairman of Dangote Group of Companies, Alhaji Aliko Dangote and Chairman of BUA Group of Companies, Abdulsamad Isiyaka Rabiu have reconciled their differences on Thursday at a meeting convened by Kano State governor, Abdullahi Umar Ganduje in Abuja. The meeting was attended by business tycoon Alh. Aminu Alhassan Dantata, who played the role of a father during the meeting; Minister for Commerce, Trade and Investment, Niyi Adebayo, amongst others. The reconciliation meeting took place at Kano Governor’s Lodge, Asokoro, Abuja, which put a stop to all rumours making round that…

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