The Nigerian National Petroleum Company (NNPC) Limited says it deducted N448.78 billion in July to cater for subsidy payments. The company said in its monthly presentation to the federation account allocation committee (FAAC) meeting on August 24th, 2022. The figures showed that the country has paid N2.04 trillion to offset subsidy payments in the 7-month…
Hundreds of Lufthansa flights have been cancelled as pilots stage a one-day strike to press their demands for better pay and conditions at Germany’s biggest carrier. The airline said about 800 flights were grounded at its two biggest hubs, Frankfurt and Munich, on Friday due to the walkout. More than 100,000 passengers would be affected,…
Mannir Takubu, Katsina deputy governor, says the federal government has released N6.25 billion for the establishment of cattle ranches in LGAs affected by banditry in the state. Yakubu, who is also the commissioner for agriculture and rural development, spoke during the ranch stakeholders development meeting in Katsina, on Monday. According to NAN, he said the…
Mele Kyari, group chief executive officer (GCEO), Nigerian National Petroleum Company (NNPC) Limited, says churches, mosques, security agencies as well as host communities are involved in crude oil theft. Kyari said this during a press briefing at the state house on Tuesday. He said the shutting down of some of the national oil company’s pipelines…
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings recently opened a new branch as part of its commitment to increasing its customers’ access to excellent pension services in Nigeria. The new branch office is located at 76A Adetokunbo Ademola Street Victoria Island Lagos State. The Pension Fund Administrator noted that the new branch…
The Firstbank week is a dedicated week designed to offer opportunities for employees to give their time & resources to defined causes in line with the Bank’s CR&S strategic approach;The FirstBank CR&S Week is held in Nigeria and 7 other countries: United Kingdom, Ghana, DRC, Guinea, Sierra Lone, Senegal and Gambia;Since its maiden edition in…
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings recently opened a new branch as part of its commitment to increasing its customers’ access to excellent pension services in Nigeria. The new branch office is located at 76A Adetokunbo Ademola Street Victoria Island Lagos State. The Pension Fund Administrator noted that the new branch…
Long-haul carrier Emirates will suspend flights to Nigeria from next month over an inability to repatriate funds from Africa’s most populous nation, the Dubai-based airline has said. The decision announced on Thursday highlights the difficulties faced by international carriers that fly to Nigeria, which is one of the biggest markets in Africa.The African country has…
The Federal Inland Revenue Service (FIRS) has said its role is purely the collection of revenue for the government and not keeping records of how the monies are expended. This explanation is in response to queries by the Special Adhoc Committee on Petroleum Subsidy Regime tasked to investigate petroleum products subsidy in Nigeria. At the…
