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Imam-Adam, Kachikwu congratulates Olusegun Adekunle on OPEC appointment

Olusegun Adekunle appointed into OPEC

*Becomes Alternate Chairman of the Economic Commission Board Mallam Nuhu Imam-Adam like Dr. Emmanuel Ibe Kachikwu who is the Honourable Minister of State for Petroleum Resources in Nigeria has joined millions of the citizens of the west African nation in congratulating the newly appointed Alternate Chairman of the Economic Commission Board of …

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Ifeanyi Ubah deserves death sentence for diverting N11bn petrol – DSS‎ claims

Ifeanyi Ubah

Department of State Services (DSS) says the discovery that Chief Executive Officer of Capital Oil and Gas Ltd, Ifeanyi Ubah, allegedly diverted about 80 million litres of Premium Motor Spirit (petrol), kept in his custody by the Nigerian National Petroleum Corporation, NNPC, amounted to economic sabotage punishable by death. The …

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Nigerian banks not creating wealth – Gov Umahi

Ebonyi Governor David Umahi

*Assist Ebonyi State  attain its agricultural potential Governor David Umahi of Ebonyi State has challenged banks in the country to create wealth instead of degenerating into only issues of depositing money in the banks. Umahi made his feeling known during an interactive meeting he had with CBN Financial inclusion strategy …

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African Finance Corporation: Projects requiring $13 billion showcased

Cross section of participants during the 10th Anniversary ceremony of the African Finance Corporation at the Transcorp Hilton Hotel, Abuja

*We shall close up on Africa’s infrastructure deficit By Sandra Onyekwere Leading African public officials, hundreds of business Executives and influential business administrators on Tuesday called for accelerated action to bridge the gap in the Africa’s infrastructure deficit as part of critical measures required to guarantee improved economic growth for the …

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FG may try Ubah over alleged N11bn oil scam

*Committed acts inimical to national security Federal Government may prosecute oil magnate, Ifeanyi Ubah, who is currently being detained by the Department of State Services (DSS). Ubah, who was interrogated some weeks ago by the secret police, was again re-arrested on Friday in Abuja, over his alleged engagement in acts …

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FG to tinker with price of petrol again – Ibe Kachukwu

Petrol filling station... Ibe Kachikwu doesn't want to see queues in Abuja

*To transfer PEF’s bridging function to oil marketers Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has revealed that the Federal Government would review its pricing template for petrol with the aim of removing several multi-layered charges and costs that affect the pump price of petrol at service stations …

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Osinbajo presides over 76th NEC meeting in Abuja

Some of the governors at the NEC meeting

*Ministers took turns to brief of their portfolios Today in Abuja, Vice president, Prof Yemi Osinbajo, presided over the 76th meeting of the National Economic Council (NEC). Highlights of the meeting were provided to journalists by Laolu Akande, the senior special assistant to the vice president on media and publicity. NEC, …

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Lagos tourism board set to clamp down on hotel owners, others

Hon Adebimpe Akinsola Acting Commissioner for Tourism Arts and Culture,

*Destroys N10m worth pirated movies, duplicating machines By Adeyemi Robinson-Adefioye, Lagos Lagos Tourism Board on Monday urged hotel and club owners to voluntarily register with the State Government to facilitate the ongoing classification and grading of hotels or risk their businesses being shut down. The State’s Acting Commissioner for Tourism, …

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Stanbic IBTC Bank Plc dragged to court for breach of trust

Stanbic IBTC Bank Plc

  *Matter adjourned till  5th of June, 2017 Infinity Snacks and Beverages Limited, an aggrieved customer of Stanbic IBTC Bank Plc, has dragged the bank before a Federal high court in Lagos over an alleged breach of contract which has led the company into  economic misfortune. In a statement of claim …

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Umueri airport: Obiano’s audacious leap forward

Governor Willie Obiano...beginning a new Umueri airport concept

*Onitsha to become largest market in west Africa again From Achilleus-Chud Uchegbu Several years back, as primary school kids, one of the current affairs we learnt, ‘crammed’ and read out even when woken at midnight was that the “largest market in West Africa is Onitsha”. Then, we heard mostly of …

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