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New Zealand hotels booked two years ahead of total

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Residents, traders lament as Sango-Ota road collapses
News

Residents, traders lament as Sango-Ota road collapses

The dismal state of the Sango-Ota end of the Lagos-Abeokuta Expressway in Ogun State has continued to exacerbate the plight of local residents and business owners. According to The PUNCH, a visit to the road by one of their correspondent showed the deplorable condition of the road. It was difficult for drivers and commuters to […]

N2.6bn debt: NBC closes AIT, Silverbird, others
News

N2.6bn debt: NBC closes AIT, Silverbird, others

The broadcast licences of AIT, Silverbird, Raypower FM, Rythm FM, and others have been revoked by the National Broadcasting Commission over a debt of around N2.6bn. NBC’s Director-General, Mallam Balarabe Shehu, made the disclosure on Friday, stating the media houses failed to renew their broadcast licence. Balarabe has directed the state officials of NBC to […]

How more taxes'll reduce debt load - FG
News

FG spends N18.4bn on fuel subsidy daily – Minister

The Minister of Finance and National Planning, Zainab Ahmed, on Thursday, revealed that Federal Government spends N18.397 billion daily on payments of subsidy on Premium Motor Spirit (petrol). Ahmed disclosed this while appearing before the House of Representatives Ad Hoc Committee to Investigate the Petroleum Products Subsidy Regime from 2013 to 2022, on Thursday. While […]

CBN opens eNaira to USSD transaction
News

CBN opens eNaira to USSD transaction

Beginning next week, Nigerians will be able to access eNaira through the Unstructured Supplementary Service Data code on their mobile phones, the Central Bank of Nigeria has said. This was disclosed by the apex bank’s Governor, Godwin Emefiele, at the Grand Finale of the 2022 eNaira Hackathon in Abuja on Thursday. Emefiele revealed that Nigerians can […]

Emirates to resume Nigerian flights Sept 11
Aviation

Emirates suspends Nigerian flights over trapped revenue

Emirates Airlines has suspended all flights in and out of Nigeria effective from September 1, 2022. The United Arab Emirates airline disclosed this in a statement issued on Thursday morning, citing the airline’s inability to repatriate its trapped ticket sales fund in Nigeria. This comes about a week after the airline cut its 11 weekly […]

Electricity customers paid N210.17b in three months - NERC
Electricity

Electricity workers suspend indefinite strike

Less than 24 hours after embarking on a nationwide strike, the electricity workers under the joint umbrella of the National Union of Electricity Employees and Senior Staff Association of Electricity and Allied Companies have suspended their industrial action for two weeks. AMBusiness reported that a blackout was experienced across the country after the striking workers […]

  • enitan
  • 17th August 2022
  • 0 Comments
  • 354 Views
Power generation dropped 43mw after worker's strike - FG
Electricity

Blackout as electricity union shuts power stations

The National Union of Electricity Employees on Wednesday shut down major power stations over “contravention of workers’ conditions and default on the payment of entitlement by the Transmission Company of Nigeria.” NUEE had on Tuesday threatened to embark on a nationwide strike but the minister of state for power, Goddy Jedy-Agba appealed to the union […]

FBN Holdings appoints new executive directors
Banking

FBN Holdings appoints new executive directors

First Bank of Nigeria Holdings Plc has announced the appointment of two new executive directors. Samson Oyewale Ariyibi and Patrick Iyamabo were appointed as new executive directors of the company, according to Nairametrics. Also, according to a statement signed by Adewale Arogundade, the company’s acting secretary, Ariyibi will serve as the Executive Director, Investment Management […]

Auction abandoned containers at seaports, NPA urges Customs
Ports and Airports

Nigeria to benefit from UK’s new trade scheme

The United Kingdom is set to introduce a new trading scheme that will benefit Nigeria, and other African countries amid the global recession. The PUNCH quoting Uk’s International Trade Secretary Anne-Marie Trevelyan reported that the UK will cut price tariffs on hundreds of everyday products exported into the country from 2023. A wide variety of […]

  • enitan
  • 17th August 2022
  • 0 Comments
  • 340 Views
News

Traders stranded as Nigeria, Benin link-bridge collapse

The bridge between Nigeria and the Republic of Benin collapsed on Monday, halting international trade between the two nations. The bridge was located in Chikanda, in the Baruten Local Government Area of Kwara State. According to The PUNCH, the bridge fell following a rainstorm that began last Sunday and lasted until Monday. Reported also indicated […]

Nigerians bought petrol N191.65 per litre September- NBS
Oil and Gas

FG spent N1.593tn on fuel subsidy in six months – Report

The Federal Government spent a total of N1.593 trillion on subsidy of Premium Motor Spirit, often known as petrol over a six-month period between January and June 2022. This was discovered in recent data on the subject cited by The PUNCH. It was also learned that the Nigerian National Petroleum Company Limited invested N54.66bn in […]

Oil theft: More illegal pipelines uncovered in Delta
Oil and Gas

Shell discharges five oil barrels into Ogoni

After an operation failure, the Shell Petroleum Development Company discharged five barrels of crude oil into the Bodo community in the Gokana Local Government Area of Rivers State. The spillage which was said to be 98 per cent water was confirmed by a report of a Joint Investigation Visit. According to The PUNCH, the report […]

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