May 6, 2024
Petroleum marketers have said the Nigerian National Petroleum Company Limited, NNPCL has opened its reserves across the federation to end the lingering fuel scarcity.
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The National President of the Independent Petroleum Marketers Association of Nigeria, HAMMED FASHOLA and Petroleum Products Retail Outlets Owners Association of Nigeria, BILLY HILLY-HARRY, disclosed this in a separate statement after meeting with NNPCL.
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FASHOLA said his members will meet today, Monday 6th May, 2024 to join NNPLC to end the fuel scarcity. He further urged Nigerians not to engage in panic buying of fuel as the product will be available nationwide.
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On his part, HILLY-HARRY said the meeting between NNPLC and marketers had helped present a solution to the fuel scarcity.
April 29, 2024
the Nigerian Senate through its Committee on Finance has called for concerted efforts by all relevant stakeholders to rescue and sustain the stability of the naira.
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The naira persisted in its decline against the US dollar within the official exchange framework, concluding at 1,309.88 naira on Thursday, April 25.
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However, the naira, last week, recovered against the US dollar at the parallel market but began to depreciate again.
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In a statement issued by the Chairman of the Committee, Senator SANI MUSA (APC, Niger East), said there was an urgent need for concerted efforts at tackling the instability and continuous depreciation of the naira.
April 26, 2024
the Federal Government has revealed its plan, to integrate over 20 per cent of unbanked Nigerians into the banking system.
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Vice President KASHIM SHETTIMA revealed this at the beginning of a two-day National Stakeholders’ Workshop, on Economic and Financial Inclusion in Abuja focusing on how to integrate the unbanked Nigerian population into the formal financial system in Nigeria.
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SHETTIMA, who noted that over 20 per cent of Nigerians are currently excluded financially, said the government was targeting to reduce that number to a minimum of five per cent.
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At the event, the 14th Emir of Kano and former Governor of the Central Bank of Nigeria, SANUSI LAMIDO, said banditry and other security challenges in Nigeria can be attributed largely to financial exclusion, as many rural dwellers have no access to efficient payment systems
April 23, 2024
The Akwa Ibom State Governor, Pastor UMO ENO has approved the appointment of Obong IDE O. OWODIONG-IDEMEKO as Chairman, Akwa Ibom Investment Corporation, AKICORP.
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Mr OWODIONG-IDEMEKO has extensive professional and managerial studies from some top institutions in the world including PeopleSoft University, United Kingdom, Insead School of Business, Fontainebleau – Paris, France; and Thunderbird School of Global Management, Phoenix, Arizona, USA.
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He possesses expertise in Human Resources, Business Leadership, Planning and Strategy, Organizational Effectiveness, Labour and Industrial Relations, and extensive interface in the Nigerian Oil and Gas industry, as well as within EM Regional and Global Business and Support organizations.
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In statement signed by the Chief Press Secretary to the Governor, Mr OWODIONG-IDEMEKO’s appointment takes immediate effect.
