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FG reduces price of gas for power to $2.18

Ololade Omosan-Agie The Federal Government said on Thursday that it had agreed to reduce the price of industry power gas from $2.50 to $2.18 following extensive negotiation between the government and the organised labour. The State Minister of Petroleum, Mr Temipre Sylva, who spoke during the 2021 Gas Sector Stakeholders …

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Nigeria needs $2.3tn to address infrastructure deficit, says FG

Ebuka Daniel The Federal Government has said that the country need $2.3tn to address for its national integrated infrastructure masterplan. Secretary to the Government of the Federation, Boss Mustapha, said this in Abuja on Thursday at a town hall meeting themed: ‘Nigeria’s infrastructure revolution: Road to a new future’, organised …

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FG To Deepen ICT Services In Trade, Revenue Collection

Ebuka Daniel Webb Fontaine Nigeria Limited on Thursday handed over an Information Communication and Technology developed for the Nigeria Customs Service to promote integrity in its operations. The Federal government, in 2015 had entered into a contract with Messrs Webb Fontaine Consortium for the Installation, Operation, Management of Information Technology …

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NNPC Will Deliver AKK Gas Pipeline Project On Schedule–Kyari

Ebuka Daniel The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has assured that the ongoing 614 kilometres Ajaokuta-Kaduna-Kano (AKK) gas pipeline project would be delivered on schedule. He said the project will create prosperity through massive job opportunities and guarantee peace for the country. …

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DMBs assure customers of sufficient forex

Ololade Omosan-Agie Bank executives have assured that Nigerian deposit money banks have the capacity to provide sufficient foreign exchange to customers in the country. They gave this assurance at a virtual meeting held on Thursday, themed, “CBN REGULATION ON BDC”, following the central bank of Nigeria’s directive to end forex …

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