Breaking News this Afternoon in Nigeria Tuesday 19th July 2022
Top Nigeria News Dailies Update from Newspaper Headlines Today this Afternoon
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Buhari unveils ‘new NNPC’
President Muhammadu Buhari on Tuesday, unveiled the new Nigerian National Petroleum Company Limited ( NNPC LTD) in a ceremony that officially marks the transitioning of the oil firm from a state-run entity to a fully commercialised oil company, limited by shares. The unveiling took place at the Presidential Banquet Hall in Abuja with top
JUST IN: CBN raises interest rate to 14%
Tony Chukwunyem Citing the need to decisively rein in inflation, the Monetary Policy Committee of the Central Bank of Nigeria has increased the benchmark interest rate -Monetary Policy Rate (MPR) to 14 percent from 13 percent. CBN Governor, Mr Godwin Emefiele, who disclosed this at the post MPC briefing in Lagos Tuesday, said the
Kyari: FG to sustain petrol pricing after unveiling NNPC Ltd
The Group Managing Director of the Nigerian National Petroleum Company Limited, Mele Kyari, has said that the Federal Government will still determine the pump price of premium motor spirit (PMS) popularly called petrol, even after the expected unveiling of the new NNPC Limited by President Muhammadu Buhari. He stated in an interview with Channels television
LCCI: Nigeria to miss 2.5% GDP growth projectionduction
Following entrance into the second half of the year, the Lagos Chamber of Commerce and Industry (LCCI) has said that Nigeria is expected to miss the 2.5 per cent gross domestic product (GDP) growth projection for 2022 amidst rising insecurity, lingering liquidity constraints, war in Ukraine and lack of will to follow through with critical
Jet A1 crisis shrinking airlines’ daily operation
With the price of jet fuel at an all-time high, airlines are finding it difficult to get the product for their operations and this has introduced further delays in the system. Some airlines have had to delay flights, while others cancel in a bid to combat the challenges they face. As of today, Jet A1
Much ado about unending fuel subsidy
Subsidising premium motor spirit (PMS), popularly called petrol, by the Federal Government of Nigeria under President Muhammadu Buhari has continued to attract divergent views writes SUCCESS NWOGU The rising subsidy on petrol in Nigeria has attracted divergent views. Some stakeholders justify it, saying since it has not been deregulated, it should be sustained, while
Decade of Gas: ‘Nigeria needs $2bn yearly investment’
The Federal Government is required to make capital investments worth $2 billion yearly to enable the delivery of specified infrastructure projects listed on the Decade of Gas policy of the government, the Nigeria Liquefied Natural Gas (NLNG) Limited has said. It stated that in addition, there was also need for counterpart funding from the private
NAPE decries multiple divestments of oil, gas assets
The Nigerian Association of Petroleum Explorationist (NAPE) has decried that in the last 15 years, there have been multiple divestments of oil and gas assets in Nigeria’s onshore and shallow offshore areas. It stated that the scale of these divestments is larger and is more frequent. It said in a statement that, it would,
Akabueze: Why Nigeria has not met OPEC quota
The Director General, Budget Office of the Federation, Ben Akabueze, has attributed Nigeria’s inability to meet the Organisation of Petroleum Exporting Countries (OPEC’s) quota to industrialscale crude oil theft and the rampant vandalism of crude oil facilities. Commenting on fuel subsidy, which remains a drain on the economy, he also projected that Nigeria would
Dearth of mechanics as threat to aviation sector
A widespread deficit of pilots across all continents has affected the sector in recent years with cases of aircraft engineers’ shortage. Recruiting mechanics has become noticeably more difficult, writes WOLE SHADARE Huge deficit The shortage of aviation mechanics is seriously taking a toll on the sector worldwide. The shortage of aircraft engineers for many
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