The Nigerian Association of Road Transport Owners (NARTO) has suspended its planned nationwide strike. NARTO National President of NARTO, Othman Yusuf, directed members to immediately resume petroleum loading activities after a meeting held in Abuja.It was gathered that the meeting was attended by the Minister of State Petroleum Resources (Oil), …
Read More »FG Targets Revenue Boost, National Security Through Vehicle Registry
Minister of finance and coordinating minister of the economy, Wale Edun has said the registration of all vehicles in Nigeria under the national vehicle registry that was introduced in 2021 will help the government to mobilise more revenues and fight motor vehicle-related crimes that have been sustained over the years …
Read More »AfCFTA: West, Central African port leaders summit’ll boost trade facilitation – Koko
*Oyetola confident about gains of summitManaging Director of Nigerian Ports Authority, NPA, Mohammed Bello Koko, has said that the Port Management Association of West & Central Africa, PMAWCA, Annual Council and 18th Managing Directors’ Roundtable on the NPA, would further boost the realisation of African Continental Free Trade Area, AfCFTA. …
Read More »Mid-air panic: How our Abuja-bound flight from Paris made U-turn-By Yushau Shuaib
“Ladies and Gentlemen, this is your Captain speaking. We regret to announce that because of a technical problem, we have to return to Paris for safety and security.” That was the announcement by the Captain of the Abuja-bound Air France flight on Monday, October 23, 2023, that departed Charles De …
Read More »Nigerian Oil Marketers Halt Fuel Imports As Stations Run Dry, Queues May Return
It was gathered on Friday that the only importer of PMS at the moment was the Nigerian National Petroleum Company Limited, as many depots and filling stations now lack petrol, leading to queues in outlets that dispensed fuel. Seven oil marketers, who imported Premium Motor Spirit, popularly called petrol, about …
Read More »Fuel Subsidy Removal:Federal government saves ₦1.83 trillion in two months
The Federal Government of Nigeria has reported savings of N1.83 trillion in less than three months it cut of petrol subsidy payments. This substantial windfall has been amassed from the revenue accumulated in June and July, as confirmed by a source within the Federation Account Allocation Committee (FAAC).“The amount was …
Read More »Tinubu Approves CNG Initiative, Targets Nationwide Adoption
President Bola Tinubu has approved the establishment of the Presidential Compressed Natural Gas Initiative (PCNGI).According to a statement by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale, the approval is in furtherance of the President’s commitment to easing the impact of fuel subsidy removal on Nigerians …
Read More »VIO to install artificial intelligence in strategic FCT intersections
The Directorate of Road Traffic Services in the FCT says it has concluded arrangements to install Artificial Intelligence (AI) in some strategic intersections to ensure seamless free flow of traffic in the federal capital. AI is also called machine intelligence or robot. It is one of the evolving and rapidly …
Read More »Fuel subsidy policy was a failure, says CISLAC
A transparency group, the Civil Society Legislative Advocacy Centre has described the subsidy policy on petrol in Nigeria as a failure. According to a statement released by the group on Friday, titled, ‘CISLAC Response To Proposed Subsidy Palliatives’, and made available to The PUNCH, the group said while other developing …
Read More »Fuel Subsidy: Falana Says Nigerians’ Pains Caused By ‘Irresponsibility’ Of Ruling Class
Femi Falana, SAN, on Friday, blamed the “irresponsibility” of the ruling class for the hardships brought on by the alleged fraud perpetrated by beneficiaries of the fuel subsidy regime and failed promises to reform the oil sector. There is, therefore, a need for the Federal Government to act fast to …
Read More »