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SEC, IST to curb capital market breaches

From Uche Usim (Abuja) and Chinenye Anuforo Following series of unwholesome practices recently noticed within the capital market, the Securities and Exchange Commission (SEC) is closing ranks with relevant bodies, especially the Investments and Securities Tribunal (IST), to institutionalise international best practices in the system by ensuring all fraudulent acts do not go unpunished. The Acti..

Scarcity ploy to increase fuel price –Labour

…Vows to resist move By Bimbola Oyesola The United Labour Congress (ULC), yesterday, said the present scarcity of petroleum product is a plan by the Federal Government to increase pump price in January. This is even as it has warned that it would resist the attempt. ULC said its investigation has revealed that the present shortage was as a result of government’s failure to provide importers wit..

Rivers, Shell sign MoU on gas supply to industries

By Adewale Sanyaolu Efforts to industrialise Rivers may have received the desired boost as the state government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the Greater Port Harcourt area and its environs. The MoU sets out broad terms and conditions to guide co-operation between the two parties in the development of new..

CBN to release more funds to farmers at 5% interest rate –Emefiele

… Says Ogun rice pyramid to create jobs By Steve Agbota and Laide Raheem, Abeokuta The Central Bank of Nigeria (CBN) has concluded plans to release more funds to farmers at 5 per cent interest rate to enhance their productivity i. Its Governor, Godwin Emefiele, who disclosed this recently at the official launch of MITROS Rice, in Abeokuta, Ogun State, said the funds would be available at not mo..

Fuel queues reduce in Lagos

By Adewale Sanyaolu Fuel scarcity seemed to be abating in Lagos State as motorists’ queues have reduced in some filling stations yesterday. It was also observed that majority of the outlets were dispensing fuel to motorists. Some of the major marketers’ retail outlets in some parts of Ogba, Ikeja and Agege were seen selling products to motorists at the official price of N145. But, the situatio..

NUPENG decries scarcity of petrol in FCT, states

…Offers support for NNPC Worried by the persistent scarcity of petroleum products, particularly Premium Motor Spirit, (PMS) in the Federal Capital Territory, (FCT) and some states across the country, National Union of Petroleum and Natural Gas, (NUPENG) has called on the management of the Nigerian National Petroleum Corporation, (NNPC) not to relent in its efforts to ease the suffering of vehicle..

No govt can flourish without civil society inputs –CPC

From Walter Ukaegbu, Abuja Given the role played by civil society organisations in making government more accountable to the people, Director-General of the Consumer Protection Council [CPC], Babatunde Irukera, has said that no modern government can flourish in this era without civil society input. Irukera said, ‘’For credible, transparent and honest leadership to thrive in any nation, civil soc..

World Bank to work out $1bn PBL for power sector

By Steve Agbota As part of its commitment to programme implementation, the World Bank said it will continue the preparation of the proposed $1 billion Performance Based Loan (PBL) to support the Power Sector Recovery Programme (PSRP) in the country. At the just concluded two days consultation on PSRP, the World Bank Group and the Federal Government said the PSRP is a comprehensive programme of p..

Senate to enact bill banning petrol vehicles in 3 years

From Samuel Bello, Abuja The Senate would soon enact a bill banning vehicles that run on Premium Motor Spirit (PMS) otherwise called petrol. Chairman, Senate Committee on Environment, Oluremi Tinubu, dropped the hint, yesterday, at the 11th National Stakeholders’ Forum, on the theme, “Environmental Governance, a key to achieving green economy,” in Abuja. Represented by the Committee’s Vice Cha..

Guinness empowers 100 youths through Origin brand

By Jet Stanley Madu In a bid to reduce rising unemployment rate in Nigeria, Guinness Nigeria has selected 100 youths with innovations and entrepreneurial spirit to develop the Origin brand of alcohol. Speaking during an interactive session with youths and media representatives, the Senior Brand Manager of Nigeria’s brewing giant, Guinness Nigeria , Auraro Monya, said that the company, in an effo..
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