Business

South-East leaders meet with Buhari, seek speedy completion of Enugu Airport

South-East leaders including governors on Thursday met with President Muhammadu Buhari of Nigeria at the State House Council Chambers in Abuja.
During the meeting the leaders called for special Federal Government intervention for the speedy completion of the Enugu International Airport (Akanu Ibiam International Airport) and rehabilitation of federal roads in the region.
On behalf of the leaders, Chairman of the South-East Governors Forum and Ebonyi State Governor, Dave Umahi, urged the President to declare a state of emergency on roads in the South East.

Minimum wage: Nigerian govt, Labour meeting again ends in deadlock

The meeting between Organised Labour and the Federal Government again ended without both parties reaching a conclusion.

After several hours of the meeting, which started at 5:00 p.m. on Wednesday and ended in the early hours of Thursday, both parties failed to reach a resolution in the consequential adjustment of workers’ salaries as a result of the new minimum wage of N30,000.

However, both parties agreed to adjourn the meeting until 7:00 pm on Thursday to continue deliberation.

Subsidy is about financing inefficiency – Obi

The Vice Presidential candidate of the Peoples DemocraticParty (PDP), Mr. Peter Obi, has called for the improvement in infrastructure in the country to reduce the suffering of Nigerians.
Obi made the appeal in Lagos yesterday.
Obi, who spoke extensively on subsidy, explained that the issue was one of the exemplifications of cumulative leadership failure in Nigeria.

DPR seals gas plants, petrol stations in Ebonyi

THE Department of Petroleum Resources (DPR), Enugu Field Office, has sealed six Liquefied Petroleum Gas (LPG) plants and three petrol stations in Ebonyi in the last seven days.

Mr Okechukwu Okoro, the Controller of the field office, which comprises Enugu and Ebonyi states, disclosed this on Wednesday in Enugu in an interview with the News Agency of Nigeria (NAN).

Nigeria's inflation rises by 0.22% to 11.24% in September — NBS

The National Bureau of Statistics (NBS), says inflation rate in September 2019 increased by 0.22 per cent to 11.24 per cent from 11.02 per cent recorded in August.
It said this in its “Consumer Price Index (CPI), September 2019” released on Tuesday in Abuja.

“Increases were recorded in all COICOP divisions that yielded the Headline index.

New oil contract law to fetch Nigeria $1.5b, says Lawan

SENATE President Ahmed Lawan yesterday said that the passed Deep Offshore and Inland Basin Production Sharing Contract (Amendment) Bill 2019 would make Nigeria $1.5 billion richer by 2020. He assured foreign oil firms and others operating in the country that the law was not meant to discourage investments.

Umahi's propositions for non-oil economy

By Felix Uka,
Abakaliki

Malaysia sees palm oil output, prices edging up in 2020-economic report

Malaysia's palm oil output and crude palm oil prices are expected to pick up slightly in 2020 due to rising domestic use of biodiesel fuel and stronger demand in its export markets, according to a government economic report.

Crude palm oil prices are expected to average 2,100 ringgit ($500.95) a tonne in 2020, up 5% from a forecast of 2,000 this year, according to the report released on Friday along with the national budget.

Benchmark palm oil prices averaged 2,308 ringgit last year, and were trading at 2,209 ringgit on Thursday.

Uber launches boat service in Nigeria's megacity Lagos

Global ride-hailing firm Uber Technologies Inc on Friday launched a pilot test of a boat service in Nigeria's commercial capital Lagos to attract commuters seeking to avoid the megacity's notoriously congested roads.

The United Nations predicts that Nigeria's population will more than double to 400 million by 2050, which would make it the third most populous country in the world after China and India.

The combination of population growth and congestion has made Nigeria, and more broadly West Africa, attractive to foreign transport companies.

Ethiopia Airlines to begin permanent flights from Port Harcourt

.Strikes deal with Rivers govt

By Valentine Amanze

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