A new basic chemicals platform worth $1.3 billion that will produce ammonia and fertilizers in Nigeria will be ready for commissioning in the coming months. President Muhammadu Buhari gave the assurance yesterday while speaking in an audience with Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN), at the State House, Abuja. According to him, he […]
The Nigerian National Petroleum Corporation (NNPC) has said that the country does not have the financial muscle now to build a new refinery going by the economic situation of the country. Mele Kyari, NNPC Group Managing Director, disclosed this on Monday in Abuja while engaging newsmen on issues emanating from the proposed rehabilitation of the […]
Prices of food items rose the most in Kogi, Oyo, and River States in January, the Consumer Price Index (CPI) report released on Tuesday by the National Bureau of Statistics (NBS) has shown. The report revealed that on a year-on-year basis, food price inflation was highest in Kogi at 26.64 per cent, Oyo at 23.69 per cent […]
The Federal Government has inaugurated a technical committee for the monitoring of Premium Motor Spirit (PMS) price framework in the country. Minister of Labour and Employment, Chris Ngige, who inaugurated the committee on Monday in Abuja, said that representatives of the Federal Government, organised labour and other stakeholders in the petroleum industry would be members. […]
Nigerians have expressed disapproval to the fare announced by the Federal Government for the Lagos-Ibadan Standard Gauge rail line, which begins operations today. Transportation Minister Rotimi Amaechi had announced, on Friday, that tickets for the route would be N3,000 for Economy Class, N5,000 for Business Class and N6,000 for First Class. The social media, especially Twitter, […]
The United Nations on Monday recanted an earlier claim that 110 farmers were killed by suspected Boko Haram insurgents in Zabarmari community, Borno State. PREMIUM TIMES had published a report on Saturday quoting officials of the Borno State government saying at least 43 farmers lost their lives in an attack by insurgents on a rice field. On Sunday, the […]
The former vice president and the presidential candidate of the PDP in the last general election, Atiku Abubakar Sunday prescribed how Nigeria can exit its second recession The former vice president proposed a 15 percent tax on those he described as super rich and luxurious items. In a statement he signed Atiku said, “We cannot […]
•It will be shortlived —Professor Uwalek As expected, National Bureau of Statistics (NBS) on Saturday confirmed that Nigeria entered recession in the third quarter of 2020, after two consecutive quarters of negative growth. According to the NBS, economic performance during the quarter reflected residual effects of the restrictions to movement and economic activity implemented across […]
Delta State Governor, Ifeanyi Okowa, is asking why states in the Niger Delta have not been allowed to have control of their oil and gas resources just as Zamfara State has been left alone to enjoy its gold deposit. Okowa, who spoke at his quarterly media interaction in Asaba, the state capital, said that South-South […]
Nigerians are about to witness another fuel scarcity as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) have ordered their members to commence an indefinite nationwide strike with effect from yesterday. The decision of the unions to embark the industrial action followed the […]