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Fuel scarcity cripples activities in Abuja

By EUCLID Agunwa, Abuja Unprecedented stretch of vehicles were witnessed in almost all the major filling stations as early as 5am Monday following the indefinite strike declared by the  Nigeria oil workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers  (NUPENG) and Petroleum and Natural Gas Senior Staff Association (PENGASSAN). Most commercial vehicles were trapped ...

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Stop imposing Caretaker Committee on traders, Ex-OMATA boss tells Anambra  Govt

Former President General of Onitsh Markets Amalgamated Traders Association (OMATA) Chief Pius Ozoh Aniekwe has appealed to the Anambra State Governor Chief Willie Obiano to prevail on the State Commissioner for Commerce and Industry Chief Ifeatu Onejiema  to stop the appointment of caretaker committee to oversee the affairs of traders and markets in the state. Briefing Journalists in Onitsha at the weekend, ...

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FG to sell N65 billion in sovereign bonds

 The Debt Management Office (DMO) on Thursday, announced it planned to sell N65 billion worth of sovereign bonds on December 17. The debt office, in a circular posted on its website said that the bonds’ maturity dates would range from three, 10 to 20 years. The three-year bonds will be for N10 billion, the 10-year tenor bond would be for N30 ...

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Alison-Madueke elected first female OPEC President

Members of the Organisation of Petroleum Exporting Countries, OPEC, have elected Mrs. Diezani Alison-Madueke, Minister of Petroleum, as its president, making her the first female president of the oil cartel. Alison-Madueke, who is currently the Alternate President of OPEC, was elected at the 166th meeting of the OPEC Conference in Vienna, Austria, and will assume office from January 2015. She ...

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Dangote Farms begins hybrid tomatoes production in Kano

Dangote Farms have started a pilot hybrid tomatoes production in Kano to meet the demand of it’s tomatoes processing plants in the state, its Managing Director, Alhaji Abdulhamid Kaita, disclosed on Friday. Kaita told newsmen at the end of a two-day stakeholders’ forum on tomatoes value chain in Kano that the company had also introduced the hybrid seedlings to farmers. ...

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Elumelu, Kalu join Africa’s top 50 richest persons

Two Nigerians, Tony Elumelu and Orji Uzor Kalu, with four other persons have joined Forbes list of 50 richest people in Africa. According to Forbes, Elumelu, a Nigerian investor and founder of African investment firm, Heirs Holdings, joins the rich list with a net worth of $1 billion. Forbes said Elumelu owns a controlling stake in Transcorp, a listed Nigerian conglomerate that has ...

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New N100 notes, wasteful, ill-timed — TUC

TRADE Union Congress of Nigeria, TUC, weekend, faulted the introduction of new N100 bank notes by the Central Bank of Nigeria, CBN, to commemorate Nigeria’s centenary celebration, saying it was ill-timed and wasteful. In a statement by its President and Secretary General, Mr. Bobboi Kaigama and Musa Lawal respectively, TUC said “printing of new currency is usually a capital-intensive venture, and ...

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Commission Geometrics Power Plant at Osisioma Ngwa or … – IGBOEZUE

BY EUCLID MICHAEL, ABUJA IGBOEZUE Cultural Association Wednesday  took a swipe at President Goodluck Jonathan over the non-commissioning of the Geometric Power Plant at Osisioma-Ngwa, Abia state. The project popularly called “Alaoji Power Plant” is the only completed Private, Public Partnership (PPP)power project completed over a year ago that is yet to be commissioned or made available for public use. ...

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Dangote slashes cement price to N1000 per bag

Dangote Cement

Leading cement manufacturer, Dangote Cement Plc, weekend, announced drastic reduction of the prices of its cement. The new price regime announced by the Group Managing Director/Chief Executive Officer, GMD/CEO, of Dangote Cement, Mr. Devakumar Edwin, pegged the Dangote 32.5 cement grade at N1,000 per 50 kg bag, while the higher 42.5 grade would sell for N1,150 per bag. A statement ...

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Onitsha traders, LG revenue agents clash, 50 injured, shops looted

*About N3 million lost by traders About 50 persons, Thursday, sustained various degrees of injuries while about 20 shops were destroyed, following a confrontation between some revenue collectors from Onitsha South Local Government Area and traders at the Millennium Merchants and Importers Association Markets, Main Market, Onitsha. Trouble started when Onitsha South Local Government Area Chairman, Lady Ann Chukwuneke, allegedly ...

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