The Nigerian National Petroleum Corporation (NNPC) will from today, Tuesday, start trucking out Premium Motor Spirit (PMS) also known as petrol from the Kaduna Refining and Petrochemical Company (KRPC) following the restart of production at the facility over the weekend. The refinery is expected to inject an additional 1.5 million liters of fuel to the domestic market, which translates to about 50 trucks daily. It would be recalled that production at the KRPC was disrupted in September due to pipeline vandalization and the plant’s main supply of crude oil was cut off. Speaking to newsmen yesterday in Kaduna on the…
Author: Wale Adebayo
The Federal Airports Authority of Nigeria (FAAN) yesterday said it had no hand in the incident that occurred at Bauchi Airport on Saturday in which Aero Contractors Airline chartered flight used ladder to disembark passengers from the flight. Federal government is taking it hard on those involved in it. The denial came against the backdrop of a statement issued by Special Adviser to the Bauchi State Governor on Media and Communications, Yakubu Ibn Muhammad that FAAN is responsible for the maintenance and management of the Sir Abubakar Tafawa Balewa International Airport, Bauchi. “In times like this, it is our collective responsibility to pray…
Lagos State Governor, Mr. Akinwunmi Ambode, has said Alimosho would soon become the new Victoria Island. He made the disclosure when he unveiled plans to transform Ebute-Meta into a tourist haven. Towards giving Alimosho a brand new look, Mr. Ambode said his government will establish a recreation park on the stretch of land overlooking the lagoon, adjacent to the Adekunle axis of the Third Mainland Bridge, which he said was an eyesore. Also yesterday, Governor Ambode commissioned the Ipaja-Ayobo and Ikotun-Ejigbo Roads. He also inspected the on-going projects across the state promising that many of the projects would be completed on…
Lagos State chapter of the Peoples Democratic Party (PDP) yesterday questioned the continued representation of the people of Ikeja Federal Constituency in House of Representatives by Hon. James Faleke, who was the running mate to the late Abubakar Audu in the last Kogi state governorship election. The Lagos PDP accused Faleke, the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) of “desperation, political immorality and gross violation of the spirit of our electoral laws”. Faleke, who has approached the governorship election petitions tribunal to declare him as governor of Kogi State following the sudden death of Audu midway…
The Peoples Democratic Party (PDP) in Ondo State, yesterday said that the two chieftains who defected to the opposition All Progressives Congress (APC) in the state, were driven by personal interests, dictated by their individual ambitions. The party was reacting to the defection of the Former Director-General Technical Aids Corps, Dr Pius Osunyikanmi and Senator Ayo Akinyelure to the APC The Ondo PDP Director of publicity, Ayo Fadaka, said in a statement in Akure that the two party members have by their actions began a journey to political irrelevance. “They have just began a journey into political irrelevance, and as such are…
Mr Michael Fallon, the UK Secretary of State for Defence, has said his country will deploy additional military advisers and trainers to Nigeria to help in the fight against Boko Haram insurgency. Fallon stated this while fielding question from State House correspondents after a closed door meeting with President Muhammadu Buhari at the Presidential Villa, Abuja on Monday. According to him, the military personnel, who will be in Nigeria next year, will be offering training to improve the Nigerian Army’s resilience to Improvised Explosive Devices (IEDs) left behind by Boko Haram. “Britain and Nigeria are both democracies; we are free peoples,…
The Federal Government on Monday, December 21, said it would not be threatened by MTN’s court action against the N780billion (initially N1.4trillion) fine slapped against it by the Nigeria Communications Commission (NCC), insisting that the telecommunications company risks another fine if it fails to pay on deadline. Mr Adebayo Shittu, the Minister of Communications, made the statement yesterday in reaction to the suit instituted by the telecom operator at a Lagos High Court, weekend. Speaking through his Special Assistant on Media, Mr. Victor Oluwadamilare, Shittu admitted that MTN had the right to seek court’s interpretation if it feels unsatisfied with the…
According to Renaissance Capital in a report entitled: “Nigerian banks struggling for FX liquidity”, Nigerian banks are struggling to meet the $5billion foreign exchange obligations to importers and correspondent banks, The report stated that due to the inability to access foreign exchange from the Central Bank of Nigeria (CBN), banks are having challenges sourcing dollars to meet outstanding foreign exchange, FX, obligations to importers and correspondents banks ranging from $2 billion to $5 billion. “Declining oil prices and the unwillingness of the government/Central Bank of Nigeria (CBN) to devalue the naira amidst constrained reserves continue to worsen the FX liquidity…
Hon. James Abiodun Faleke, the running mate to late Abubakar Audu of All Progressives Congress (APC) in the November 21 governorship election in Kogi State, has filed a petition at the State Governorship Election Petitions Tribunal to challenge the Independent National Electoral Commission (INEC) decision which declared the election inconclusive. Faleke was accompanied by Mohammed Audu, son of Abubakar Audu, and lawyers, when he submitted the petition to the clerk of the tribunal at about 12.20 p.m. in Lokoja on Monday. Faleke told newsmen that he was confident justice would be done in the matter. He said he challenged INEC’s decision in…
The National Electricity Regulation Commission (NERC) yesterday unveiled a new increment of average of N9.00 electricity tariff for all classes of electricity consumers, which will become effective from the next billing period. The regulatory body also announced the abolition of the contentious fixed charges for all electricity consumers. In the new tariff regime, residential customer classification (R2) in Abuja Electricity Distribution Company will no longer pay N702.00 fixed charge every month. Their energy charge will increase by N9.60. Also, residential customers (R2 customers) in Eko and Ikeja electricity distribution areas will no longer pay N750. 00 fixed charges. They will be getting…