Business

Arunma Oteh quits World Bank

The Securities and Exchange Commission (SEC) former Director General, and the current World Bank Vice President, Ms. Arunma Oteh, will quit the bank to join Oxford University as an academic scholar.

  Oteh, according to reports, would be at St Antony’s College of the university as from January 2019.

Visionscape scandal: Stop PPP projects, Our Water Our Right Group advises Lagos govt

By Valentine Amanze

Nigeria’s fossil-fuels dependence cause of incessant loss of lives – ERA/FoEN

The Environmental Rights Action /Friends of the Earth Nigeria (ERA/FoEN) has blamed Nigeria’s reliance on fossil fuels for the unrelenting oil spill-related incidents across the country, the recent one involving over 50 persons incinerated when a pipeline belonging to the Pipelines and Product Marketing Company (PPMC) in Umuode Community in Aba, Abia State exploded.

Buhari Inaugurates new terminal at Port Harcourt International Airport

President Muhammadu Buhari has inaugurated the new international terminal of the Port Harcourt International Airport In Rivers State.

President Buhari opened the new terminal on Thursday at a ceremony attended by Rivers State Governor Nyesom Wike, Minister of State for Aviation Hadi Sirika and several other top government officials.

The President arrived at the state capital, Port Harcourt around 12:20 pm in what was his first official visit for the inauguration of the project.

NHIS workers protest, block office entrance

Workers of the National Health Insurance Scheme (NHIS) on Monday blocked the entrance of the office in Abuja, the nation’s capital.

The protesters denied the embattled Executive secretary Usman Yusuf, who was suspended entrance into the office.

Heavy security personnel were also seen at the gate as workers struggled with security men while some staff loyal to the executive secretary succeeded in breaking the keys to the gate.

DPR calls for caution as gas explosions claims 39 lives in five years

By Ummi Ismaeel,

Minna

The Department of Petroleum Resources (DPR) in Niger State has called for caution among proprietors of liquefied gas selling outlets to end loss of lives and properties resulting from avoidable gas explosions.

  The call for caution is coming as about 39 lives had been lost in the last five years across Nigeria as a result of gas explosion, wrong location of liquefied petroleum gas outlets and as well, refusal by proprietors to follow laid down procedures for establishing gas stations.

Supreme Court boosts oil revenue for Akwa Ibom, Bayelsa, Rivers

Akwa Ibom, Bayelsa and Rivers States will receive more oil revenue from the federation following a landmark ruling by the Supreme Court Wednesday.

The states had approached the Supreme Court for the interpretation of Section 16(1) of the Deep Offshore and Inland Basin Production Sharing Contract Act in suit number SC964/2016, filed on their behalf by their lead Counsel, Mr. Lucius Nwosu, SAN.

The law mandates the federal government to adjust the shares of the revenue accruable to the federation whenever the price of crude oil exceeds 20 Dollars per barrel.

Nigerian govt, Labour disagree over new minimum wage

The Federal Government disagreed with the Nigerian Labour Congress (NLC) on Thursday over the new minimum wage demanded by workers in the country.

The disagreement was a result of the twist in the lingering controversy, as the government said it would implement the ‘no work no pay’ policy.

Director of Trade Union Services at the Ministry of Labour, Mrs Omabie Akpan, and NLC President, Mr Ayuba Wabba, spoke on the matter when they appeared on Sunrise Daily, a Channels Television breakfast show.

CBN, banks face probe over ATM charges, others

Senate summons Emefiele

Lawmakers approve $2.78bn Eurobond

The Senate, yesterday, mandated its joint Committee on Banking, Insurance and other Financial Institutions and Finance to invite the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, to come and explain why the official charges as approved by the CBN are skewed in favour of the banking institutions as against the ordinary customers of the banks.

Freight agents protest Customs extortion at Clarion Bonded Terminal gate

Protesters on Monday shutdown operational activities at Clarion Bonded Terminal at Alakija, Lagos over alleged extortion by an Assistant Comptroller of the Nigeria Customs Service deployed to the facility.
The operators alleged that the official of the Service had been frustrating clearance of vehicles and containers from the facilities since his deployment to the vehicular bonded terminal two weeks ago.

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