Business

Banks confiscate 79 filling stations, nine tank farms over debt

Oil marketers, depot owners plead for N800bn subsidy payment

IPMAN laments kidnap of members, bad roads

By Ummi Ismaeel,
Minna
Independent Petroleum Products Marketers Association of Nigeria (IPMAN) has decried incessant attack and kidnap of its members.
It also lamented the deplorable road conditions nationwide, which it said was one of the major challenges of the association in ensuring uninterrupted supply of petroleum products to Nigerians.
Besides, it pleaded to the Federal Government to intensify efforts at repairing the affected roads.

NNPC, Total empower 21 farmers in Enugu

By Mary Okoh

Enugu

Nigerian National Petroleum Corporation (NNPC) in collaboration with Total Upstream Nigeria Limited (TUPNI) has trained 21 smallholder farmers on agribusiness sustenance and value chain addition in Enugu State.

  At the graduation ceremony in Enugu on Tuesday, the Executive General Manager of TUPNI, Mr Vincent Nnadi, who was represented by Delight Sunday-Anecho, Head CSR partnership, lamented that lack of agricultural storage facilities and knowledge has made farming in Nigeria a less attractive venture for the smallholder farmers.

MTN to apply for banking license in Nigeria

Africa’s largest mobile carrier, MTN Group, says it will apply for a mobile banking license in Nigeria and will begin the service in the second quarter of 2019, Rob Shuter, its CEO said Tuesday at a telecoms conference in Cape Town.

  The announcement is coming on the heels of the $10 billion sanction imposed on the wireless carrier by Nigerian authorities. Both parties have been in talks over the penalty.

Customs Impounds 12 exotic cars valued at N240m in Owerri

The Federal Operations Unit (FOU) Zone ‘C’ of Nigeria Customs Service in Owerri says it confiscated 12 illegally imported cars and contraband with Duty Paid Value (DPV) of N240 million recently.

The Unit Controller, Compt. Kayode Olusemire, made this known on Friday in Benin while taking journalists round the goods confiscated along Benin axis. He said that three suspects were arrested in connection with the seized items that are helping customs with information.

Contaminated meat scare hits Minna

By Ummi Ismaeel,

Minna

Fear of contaminated beef in circulation in major markets within Minna, the Niger State capital, and environs, has enveloped residents of the metropolis.

  Already, many residents have jettisoned cow meat for fish and chicken to avoid contacting disease.

   Restaurants and eateries’ operators within the metropolis and environs are recording low patronage while few others are cooking with chicken and fish to retain customers when the rumour about contaminated beef broke out.

Obi meets Commonwealth chief (Photo)

Lord Marland of Odstock (right), the chairman, Commonwealth Enterprise and Investment Council; with the former Governor of Anambra State and the Vice Presidential candidate of the PDP, Mr. Peter Obi (left), after their meeting in Lagos, recently.

ERA/FoEN conference on Just Transition charges African govts to wean off fossil fuels

The Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) organised an international conference on Just Energy Transition from 2-3 November 2018 at the Reiz Continental Hotel in Abuja.

The convergence brought together civil society and community groups on the Friends of the Earth International (FoEI) platform, and government officials and community-based groups from Nigeria, who brainstormed on the challenges posed by fossil fuels dependency and the need for a paradigm shift within the framework of a post-petroleum economy.

Oil drops one percent as U.S. allows Iran sanctions waivers

By Reuters

Oil prices fell about 1 percent on Friday, heading for a weekly loss of over 6 percent, as investors worried about oversupply when the United States said it will temporarily spare eight jurisdictions from Iran-related sanctions.

U.S. Secretary of State Mike Pompeo announced the decision in a conference call. The waivers could allow top buyers to keep importing Iranian oil after economic penalties come back into effect on Monday.

Breaking: Court stops NLC, TUC’s planned strike

The National Industrial Court of Nigeria (NICN) sitting in Abuja has restrained the organised labour from proceeding on its planned nationwide indefinite industrial action.

Justice Sanusi Kado gave the order on Friday while delivering a ruling on an ex-parte application restraining the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC) from embarking on the strike scheduled to commence on November 6.

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