The Lagos State Government on Wednesday said the collection of parking levy by its parking agency was authorised by law. Dr. Frederick Oladeinde, Commissioner for Transportation, disclosed this in Ikeja at a news conference to sensitise stakeholders and the public on the mandates and activities of the Lagos State Parking Authority (LASPA). Oladeinde said that Read More…
Business
Bi-Courtney reveals identity of MMA2 stowaway
The operators of the Murtala Muhammed domestic terminal two (MMA2), Bi-Courtney Aviation Services Limited (BASL), on Monday cleared the air on the stowaway found inside an aircraft at the airport on Sunday. The stowaway was found inside a United Nigeria Airlines plane during a pre-flight check and was subsequently arrested by Aviation security personnel. BASL Read More…
NNPC depends on Dangote, state-owned refineries to end fuel importation
The Federal government said on Wednesday that it was depending on Dangote and state-owned refineries to end massive petrol importation in Nigeria. The Dangote plant and the government have the capacity to refine 650,000 and 445,000 barrels per day, respectively. Mele Kyari, the Group Chief Executive Officer, Nigerian National Petroleum Company Limited, NNPCL, speaking in Read More…
Nigerian economic challenges are man-made – Olusegun Aderemi
Dr. Olusegun Aderemi, a Lagos-based industrialist, has labelled the country’s economic problems as man-made, saying they are the creation of some persons in the position of authority. Aderemi, who is the Atayero of Aramoko Ekiti, also campaigned the enlightenment of youth on the understanding of the difference between value and things that add no value. Read More…
EU chief plans restructuring of electricity market as prices skyrocket
European Commission President, Ursula von der Leyen, revealed plans for structural reforms to skyrocketing energy on Monday, saying prices have exposed the limits of the European Union’s electricity market design. Von der Leyen stated in her speech, at an international conference in Bled, Slovenia that the market “was developed under completely different circumstances.” “That’s why we, Read More…
CBN releases $265m to airlines to prevent aviation industry collapse
The Central Bank of Nigeria (CBN) on Friday, released the sum of $265 million to airlines operating in the country, to settle outstanding ticket sales in a bid to avoid brewing catastrophe in the country’s aviation sector. A breakdown of the figure indicates that the sum of $230 million was released as a special FX intervention Read More…
21 ships discharge petroleum produce and other commodities at Lagos ports
The Nigerian Ports Authority (NPA) on Wednesday said that 21 ships arrived at Lagos ports and were discharging petroleum products, bulk wheat, general cargo, frozen fish, container, bulk gypsum and others. The authority said 16 other ships were expected to arrive at the ports between Aug. 24 and Sept. 2. It listed the expected items Read More…
FG guarantees adequate maintenance of MMIA Terminal 2
The Federal Government has assured of adequate maintenance of the just-completed Terminal 2 of the Murtala Mohammed International Airport, Lagos. During the inspection of the terminal and its ultra-modern facilities on Monday, the Minister of Information and Culture, Alhaji Lai Mohammed made this reassurance. Lai Mohammed in his statement said, “I can assure you that Read More…
Taiwan touts democracy chips in meeting with U.S governor
Taiwan wants to ensure its partners have reliable supplies of semiconductors, or “democracy chips”, President Tsai Ing-wen told the governor of the U.S. state of Indiana on Monday, saying China’s threats mean fellow democracies have to cooperate. Governor Eric Holcomb, a Republican, made the third trip to Taiwan this month by a U.S. delegation after Read More…
ARCON bans foreign models, voice-over artists for adverts
The Advertising Regulatory Council of Nigeria (ARCON), has banned the use of foreign models and Voice-Over Artists (VOA) in Nigerian advertising media. In a statement signed by Dr Olalekan Fadolapo, the Director-General ARCON, the ban was in line with the Federal Government’s policy of developing local content, inclusive economic growth and the need to take Read More…