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Vice President Yemi Osinbajo has assured Nigerians that the Federal Government had no plan to increase fuel prices. “We are certainly not expecting to increase oil (fuel) prices at all; the government has absolutely no intention of increasing fuel prices and that’s it,” Osinbajo visited Oando and Total depots in Apapa and reassured Nigerians that the present administration was working ...
Business
December, 2017
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25 December
EFCC files fraud charge against Innoson CEO
The Economic and Financial Crimes Commission has filed a fraud charge against Mr. Innocent Chukwuma, alias Innoson, his company Innoson Nigeria Limited and his brother Charles Chukwuma. The charge was dated 30 November, 2017 and filed at a Lagos High Court. In the case, the EFCC is accusing Innoson of obtaining containers of motorcycles spare parts by false pretences between ...
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25 December
Fuel scarcity will end in two days, NNPC assures Nigerians
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru on Sunday allayed the fears of Nigerians while insisting that the scarcity of petroleum products will end in two days time. Baru also said the product is now being subsidised to the tune of N26 per litre. According to him, the landing cost of petrol (PMS) is N171 ...
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25 December
End to fuel scarcity soon,IPMAN now gets 80 trucks daily
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the hope of an end to petrol scarcity, saying its members now get a supply of 80 trucks of petrol from Ejigbo satellite in Lagos and Mosimi depot in Ogun State. IPMAN Lagos Chairman Alhaji Alanamu Balogun in a statement said before the petrol crisis, the NNPC was supplying IPMAN ...
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25 December
Buhari directs end to petrol price hike, hoarding
President Muhammadu Buhari has directed government officials to end the arbitrary increase in price of petrol and hoarding of products across the country. Expressing sympathy with Nigerians for their suffering due to the lingering petrol scarcity, the President, in a statement posted on his twitter handle, described the petrol scarcity as “regrettable”. He said going by the briefings he was getting, ...
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23 December
Zenith bank Appoints two EDs & an Independent Non-ED
The Board of Directors of Zenith Bank Plc. has approved the appointment of Dr. Temitope Fasoranti and Mr. Dennis Olisa as Executive Directors of the bank effective December 29, 2017. Both appointments are consistent with the bank’s tradition and succession strategy of grooming leaders from within and have been approved by the Central Bank of Nigeria on December 18, 2017. ...
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23 December
DPR shuts 48 filling stations as fuel price hits N400 in Abuja
The Department of Petroleum Resources (DPR) is getting tough with marketers found to be hoarding fuel as the current scarcity bites harder nationwide. At the last count, no fewer than 48 filling stations have been shut down in Delta, Kwara and Ekiti states alone. The price of petrol rose to N400 per litre yesterday in Abuja as more citizens travelled ...
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23 December
Innoson Withdraws Ex Parte Application Against GTB, EFCC
Innoson Nigeria Limited and its Chief Executive Officer/Managing Director, Mr. Innocent Chukwuma, on Friday withdrew an ex parteapplication they filed against the Economic and Financial Crimes Commission. The other defendants in the ex parte application filed before the Federal High Court in Lagos are the Federal High Court, the Attorney General of the Federation, the Nigeria Police Force, the Inspector-General of Police ...
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22 December
Zenith plans direct salary payment to women basketballers
Women Basketball league sponsors, Zenith Bank has sent a proposal to the Nigeria Basketball Federation (NBBF) seeking to take over the salary payment of women basketball players. The bank sees it as a way of enhancing its relationship with the women basketball league. The bank believes the standard of women basketball will rise if a viable structure was put in place to ...
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22 December
CBN plans 5% interest loan,as Ogun launches MITROS rice
The Central Bank of Nigeria (CBN) said it would soon release more funds at not more than five per cent interest rate for farmers to acquire agriculture equipment, to enhance their productivity.Governor of the apex bank, Godwin Emefiele, stated this yesterday, during the official commissioning of the MITROS Rice processing factory and formal launch of the rice, in Abeokuta, Ogun ...
