A former governor of the Central Bank of Nigeria and vice chairman, Kaduna Investment Promotion Agency, Lamido Sanusi, has said the claim by the Nigerian National Petroleum Company that Nigeria consumes 66 million litres of fuel daily is simply “unbelievable.”The deposed Emir of Kano said this ...

Fuel Subsidy: NAIRAXI To Digitize Public Transport To Mitigate Adverse Effectshttps://www.youtube.com/watch?v=oPR9E1dni1sBy Godson IkpontuAhead of the removal of fuel subsidy come June 2023, the Indigenous leading Tech-powered mobility Company NAIRAXI says digitizing Nigeria public transportation ...

By Emma Amaize, Regional Editor, South-South  In the past few months, the Federal Government, which had lived in denial of the actual reason for the razor-sharp increase in oil bunkering, popularly known as kpofire, in the Niger Delta, had upped its game in the surveillance of oil pipelines with ...

Dangote and Bello reconciled and shook hands putting the entire feud to rest.Governor of Kogi State, Yahaya Bello has seemingly settled an ongoing rift with the MD of Dangote Group, Alhaji Aliko Dangote.Bello and Dangote have been at loggerheads recently after the former sealed the company’s ...

By James Sowole:Ogun State Governor, Dapo Abiodun, yesterday inaugurated the Ogun State Investment and Facilitation Agency (OGUNINVEST) disclosing that no fewer than 36 investment portfolios worth over $1billion had been attracted into the state by his administration.Abiodun equally disclosed at ...

By Justina Uzo:The Principal Executive of Flyzone Tourism, a Dubai destination management company, Mr. Awomoyi Ayodeji, has identified some of the problems travel agencies in Nigeria are having despite the huge resources that abound in the country.He said Nigeria has a lot to offer the world in ...

 The Kogi State Government has resolved on Friday to drag Dangote Cement Plc to court and reclaim what rightfully belongs to the people.Recalled that the National security council on Friday orders immediate reopening of Obajana Cement factory in Kogi State, advise that all issues in contention be ...

Although Polaris bank have since apologized and debunk the statement.Reactions trail bank’s alleged mail against prayersOne of Nigeria’s commercial banks, Polaris Bank, has come under criticism, particularly on the micro-blogging site, Twitter, after one of the bank’s senior ...

The federal government has ordered the reopening of the Obajana cement plant shut down by the Kogi State Assembly last week.The order was part of decisions arrived at, during Friday’s National Security Council meeting held in Abuja.The council also advised that all that issues in contention be ...

FLASH: Governor of Lagos State, Mr @jidesanwoolu signed a Memorandum of Understanding (MoU) with @Siemens_Energy and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to set up an Energy Training Centre at the Government Technical College, Ikorodu.The training, which will be conducted ...

https://www.youtube.com/watch?v=jQmd5lqa8qAKogi State Replies Dangote On Obajana CementSource: Arise TV

By Olawale Gabriel & Shina Abubakar THE  Nigerian National Petroleum Company Limited, NNPCL, yesterday faulted Kaduna State Governor Nasir, El-Rufai’s claim that the Federal Government has failed in the oil and gas business and should get out of the sector. It described his statement as ...

By Elizabeth AdegbesanThe Central Bank of Nigeria (CBN) has barred foreign banks operating representative offices in Nigeria from providing services designated as ‘banking businesses’ among other aspects of services. The apex bank disclosed this yesterday in its Guidelines for the regulation of ...

By Dike Onwuamaeze:Barely 24 hours after the federal government denied speculation that it was ready to privatise the Transmission Company of Nigeria (TCN), the Lagos Chamber of Commerce and Industry (LCCI) has called on the government to commence the privatisation of the transmission component of ...

Kogi vs Dangote: Bello's Assistant, Anthony Edogbo breaks bit by bit for Clarity1. In 2002/2003The Kogi State Government and Dangote Group signed an agreement. 90% share of the company was transferred to Dangote Group with 10% reserved for the state2. Dangote Group refused to give the state it's ...

. CEMENT FACTORY TO REMAIN SHUT1. The Executive Governor of Kogi State wishes to thank the people of the state for their resoluteness in the ownership impasse between the Dangote Group and the State Government.2. While the State Government recognises the right of the citizens to peaceful protest as ...

With huge optimism and a firm belief in the vast economic potential of Gombe State, Governor Muhammadu Inuwa Yahaya, has scored another first, with yesterday’s flag-off of the maiden Gombe Investment Summit tagged: “GoInvest 2022”.At the opening ceremony of the three-day summit with participants ...

By Peter Uzoho:Petroleum products marketers in Nigeria have for the umpteenth time expressed frustrations and concern over the federal government’s continuous delay in the removal of petrol subsidy and total deregulation of the downstream sector of the oil and gas industry.Some of the marketers, ...

By Obinna Chima, Eromosele Abiodun and Nume Ekeghe:The International Monetary Fund (IMF) has predicted that Nigeria’s consumer price index (CPI) which measures inflation in the country would commence deceleration before the end of the year.The Fund also advised the Central Bank of Nigeria (CBN) and ...

By Oluchi Chibuzor and Ibrahim Oyewale:Dangote Industries Limited (DIL) has insisted that its acquisition of the Obajana Cement Plc in 2002 followed due process, contrary to claims by the Kogi State government.The conglomerate asserted that Kogi State government has no equity interest in Obajana ...

The scheduled completion of the Nigerian Liquefied Natural Gas Train-7 Project may be stalled, following the lingering labour dispute between members of the National Association of Plant Operators and the management of Daewoo E &C Nigeria Limited.Daewoo, a South Korean firm, has been in an ...

The Kogi State government has initiated a probe into the fire incident which gutted the state House of Assembly yesterday.In a statement, the commissioner for Information, Kingsley Fanwo, said the state government wished to inform the people of Kogi and other Nigerians that the House of Assembly ...

By James Emejo:President Muhammadu Buhari yesterday said tackling wastage and mismanagement of public resources remained a crucial component of financial sustainability.Buhari also put the estimated cost of Nigeria’s Sustainable Development Goals (SDGs) financing requirements at about $100 ...

By Ndubuisi Francis:Determined to halt the increasing exodus of talents from the banking and finance sector of the economy, concerned industry players are devising potent measures to stem the tide through effective reward system, among others.Banks and other financial sector operators had in recent ...

By Dike Onwuamaeze:Nigeria’s economic, political and academic elites were, yesterday, challenged to rise up to the duty of elite bargain and consensus that could have growth and development as its focus in order to reverse the country’s decent to Nigerianisation of poverty for the rest of ...

Drinks.ng is proud to announce Adebowale David Ibrahim Adebayo, popularly known as Mr Macaroni as its Brand Ambassador. Mr Macaroni, who has built his career as one of Nigeria’s most famous, vibrant and dynamic voices, will collaborate with Nigeria’s biggest beverage and Ecommerce store in a one ...

By Emmanuel Addeh:The Nigerian National Petroleum Company Limited (NNPC), along with its partners could take a Final Investment Decision (FID) on the $25 billion Nigeria-Morocco gas pipeline in 2023, the national oil company has said.The 5,600-kilometer (3,840-mile) pipeline is meant to supply the ...

The Nigerian Civil Aviation Authority (NCAA) says it will offer professional guidance on the proposed Lekki airport in Lagos, in line with its regulations and in the interest of safety.Mr Sam Adurogboye, the General Manager, Public Affairs of NCAA, said this in an interview with the News Agency of ...

Abia Speaker Calls On Investors To Utilize Abia’s Friendly Business Environment As He Commissions BakeryThe Speaker of Abia State House of Assembly, and the Peoples Democratic Party flagbearer for Ikwuano/Umuahia Federal Constituency, Right Honourable Chinedum Enyinnaya Orji MNSE has called on ...

Official: 2002 Agreement Between Kogi State Government and Dangote Industries Limited on Obajana Cement PlantExtracts from the duly signed and stamped agreement:1. Project was at conceptual stage in 19922. Preliminary feasibility study carried out in 19923. Obajana Cement Company Plc with ...

As reported on this page last week, the National Pension Commission (PenCom) recently issued Guidelines on Accessing Retirement Savings Account (RSA) Balance towards Payment of Equity Contribution for Residential Mortgage by Retirement Savings Account (RSA) Holders. Key highlights of the ...

By Kayode Tokede:  Affirming trust in the expertise and competence of the leading rice-producing company, WACOT Rice Limited, subsidiary of TGI Group, the Lagos State Government has signed an agreement with it to manage the Imota Rice Mill.The 32-metric tonnes Imota Rice Mill will be handed over to ...

THE acting comptroller of the Federal Operations Unit, Zone A of the Nigeria Customs Service (NCS), Hussein Ejibunu, has said that the law backing the service, coupled with the drive to improve local production of clothes and avoid outbreak of diseases, is the reason why the Federal Government ...

By Sunday Aborisade:Senators across political party lines have said the National Assembly would not pass the proposal on petrol subsidy removal as presented by President Muhammadu Buhari in order not to create crisis for the new administration that would succeed him next year.Buhari had in the 2023 ...

Emmanuel Addeh:The Group General Manager of the National Petroleum Investment Management Services (NAPIMS), Mr Bala Wunti, at the weekend announced that the Nigerian National Petroleum Company Limited (NNPC) had concluded the clamping of the damaged Trans Niger Pipeline (TNP) in the Niger Delta.It ...

By Rebecca Ejifoma:Fire, Sunday, gutted a section of the popular Balogun market in Lagos state, destroying goods and property.The affected building on Martins Street Brazaas Plaza, housed a handful of stores selling shoes, bags, accessories and ladies’ clothing. Emergency responders from the Lagos ...

By Festus Akanbi, Gboyega Akinsanmi, Dike Onwuamaeze  and James Emejo:Following the presentation of a N20.51 trillion appropriation bill for 2023 to a joint session of the National Assembly in Abuja on Friday, some economists have raised concerns over the proposed spending plan given current ...

By Deji Elumoye, Sunday Aborisade and Udora Orizu:President Muhammadu Buhari yesterday, while presenting a record N20.51 trillion 2023 appropriation bill to a joint session of the National Assembly in Abuja, announced the discontinuation of subsidy on petrol in the country effective next year.The ...

The Kogi State government on Saturday said it has uncovered plans by Dangote Group to cause chaos in Kogi State “as a fight back strategy against the State Government’s decision to get its own legally supported equity from the Obajana Cement Company”.In a statement by Kingsley Femi Fanwo, the Kogi ...

Dangote Cement Plc has disclosed that 27 workers of the company were shot at when armed thugs suspectdly acting on the order of Kogi state government invaded its Obajana cement plant.The company in a statement by its Group Managing Director, Michel Pucheros, said that the invasion was carried out ...

By Deji  Elumoye:President Muhammadu Buhari has disclosed that Nigeria has strategic mineral resources in its seabed, which will be exploited through adequate deployment of technology.The President spoke yesterday at State House, Abuja, while playing host to Secretary General of the International ...

By Bennett Oghifo and Dike Onwuamaeze:The Management of Dangote Cement Plc. yesterday firmly declared that the Obajana Cement plant in Kogi State is owned 100 per cent by it and that the invasion of the plant last Wednesday by armed vigilantes “on the orders of the state government” was illegal.In ...

By Iyke Bede:Nollywood actor Kate Henshaw, and skit comic actor Adebowale Adedayo, popularly known as Mr Macaroni, partook in the allocation of lands to buyers at the recently held official launch of Jasper Smart City in Isheri North GRA. Jasper City project is an initiative of Gtext Homes, a real ...

By Adibe Emenyonu:The Benin Electricity Distribution Company (BEDC), yesterday, flagged off customers’ service week with the distribution of free metres 20 prepaid metres to customers with estimated bills complaints.The Managing Director/Chief Executive Officer of BEDC, Dr. Henry Ajagbawa, who ...

The Kogi Government on Thursday expressed determination to recover Obajana Cement Plant from Dangote and his accomplices.The government’s resolution is contained in the report of the Specialised Technical Committee on the Evaluation of the Legality of the Alleged Acquisition of Obajana Cement ...

By Chinedu Eze:The Nigerian Air Traffic Controllers’ Association (NATCA) has urged the Minster of Aviation, Senator Hadi Sirika, to accelerate the confirmation of Mr. Matthew Lawrence Pwajok, who is in acting capacity as Managing Director of the Nigerian Airspace Management Agency (NAMA), as ...

By Emma Okonji:One year after Google announced its five-year plan for African projects that would gulp $1 billion, the technology company has said that it had already spent over 20 per cent of the budget, which covers the establishment of its first cloud region in Africa.Managing Director, Google ...

By Juliet Akoje:The Nigerian Communications Commission (NCC) yesterday said it was going to deploy technology to verify tax and other payments to the federal government by network service providers.The Executive Vice Chairman of NCC, Prof. Umar Danbatta, said this yesterday when he appeared before ...

LAGOS STRIKES DEAL WITH PRIVATE FIRM TO MANAGE, OPERATE 32-METRIC TONS IMOTA RICE MILL•Sanwo-Olu presides over MoU signing with WACOT Rice LtdAhead of the commissioning and operation of the 32-metric tons per hour Rice Mill in Imota, Ikorodu, Lagos State Government has handed over the management of ...

By Kayode Tokede:Geregu Power Plc (GPP) was yesterday admitted into the Main board of the Nigerian Exchange Limited (NGX) by way of listing by Introduction (LBI) with the admittance of 2.5 billion ordinary shares of 50 kobo each at N100 per share on the Exchange.Geregu Power, a leading power ...