Economy
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Air Peace, local airlines have no capacity to be national carrier – Hadi Sirika
Former Minister of Aviation, Hadi Sirika has said no local airline in the country had the capacity to be a national carrier. Sirika who was speaking on Arise TV on Sunday, was reacting to allegations of fraud raised on the unveiling of Nigeria Air. Sirika said the aviaition ministry under his watch had given local airlines in the country all…
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Obasanjo backs quest to support 25,000 Nigerians in business annually
By Kolawole Olayinka, Abeokuta Former President, Chief Olusegun Obasanjo said he is in support of the move by Business Network International (BNI) in Nigeria to support 25,000 businesses annually as it would improve the human capital development of the country. Obasanjo also noted that plans by BNI to support one million families through growth in employment and value creation and…
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ExxonMobil Nigeria appoints first female Vice Chairman in 70 years
ExxonMobil affiliates in Nigeria, Mobil Producing Nigeria Unlimited (MPN) and Esso Exploration and Production Nigeria Limited (EEPNL), have appointed Ms Adesua Dozie as Vice-Chairman of the Boards of the Companies, with effect from Monday, June 12, 2023. Until her appointment, Ms Dozie was an Executive Director and General Counsel for MPN and EEPNL. She joined MPN in November 2019 as…
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Mele Kyari, NNPCL GMD not suspended from office
Contrary to the social media rumours and fake news that gained ground Saturday evening, the Group Managing Director of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari has not been suspended from office. Social media rumours and unconfirmed story that Kyari had been suspended from office by President Bola Tinubu went viral. The story prompted many oil and gas…
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VIDEO: Emefiele in DSS custody
The suspended Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, is in the custody of the Department of State Services (DSS), a video obtained by Westernpost has revealed. This followed the confirmation of his arrest by the secret police. A statement by the Public Relations Officer (PRO), Peter Afunanya, on Saturday, said: “The Department of State Services…
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Mixed reactions trail Emefiele’s suspension as CBN Governor
Mixed reactions have trailed President Bola Tinubu’s suspension of the Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele on Friday. Emefiele’s suspension was ordered by Tinubu, according to the statement from the Office of the Secretary to the Government of the Federation which came amid ongoing probe of his office and the planned reforms in the financial sector of…
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BREAKING; Tinubu suspends CBN Gov Emefiele
President Bola Tinubu on Friday suspended the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele “President Bola Ahmed Tinubu has suspended the Central Bank Governor, Mr Godwin Emefiele, from office with immediate effect,” the Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey said in a Friday statement. “This is sequel to…
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EXCLUSIVE: How Tinubu signed Electricity Bill into law
The President, Bola Tinubu, on Friday signed the Electricity Bill into law, signaling the de-monopolisation of Nigeria’s electricity generation, transmission, and distribution at the national level. The new law also empowers states, companies and individuals to generate, transmit and distribute electricity. WesternPost gathered that the president signed the new bill into law after the final harmonized version by the Senate…
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Telecom sector contributes N2.508tn to Nigeria’s GDP
The telecommunications and Information Services sector in Nigeria has, in the first quarter 2023, delivered a handsome N2.508 trillion in terms of financial value contribution to the nation’s gross domestic product (GDP), representing 14.13 per cent. Figures released by the National Bureau of Statistics (NBS) showed that the sector recorded a 4.3 per cent increase from its performance in the…
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Nigeria plans to surpass OPEC oil quota – Official
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says its focus is to exceed the Organisation of Petroleum Exporting Countries (OPEC)’s oil production quota of 1.74 million barrels per day (bpd). Its Chief Executive, Gbenga Komolafe, made the assertions shortly after he received an Award of Excellence from the Federal University of Petroleum Resources (FUPRE), Effurun in Delta State on Thursday evening.…
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