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PDP advises federal government against increasing pump price of petrol
The Peoples Democratic Party (PDP) on Friday advised the Federal Government against increasing pump price of petrol. The party in a statement by its National Publicity Secretary, Mr Kola Ologbondiyan, in Abuja said any contemplation to increase pump price of petrol to N212 would worsen the economic and social situations of Nigerians. This was in reaction to a debunk report that the Petroleum Products Pricing Regulation Agency (PPPRA) on Thursday night released a template that a litre of fuel would now be sold for prices ranging from N209 to N212 per litre for March. Ologbondiyan said that the N212 per liter reportedly contemplated in the March pricing template was not in the best interest of Nigerians. “It is a barefaced fact that there is no way that Nigerians can survive such hike in fue...
2021: Banks to walk a tightrope amid low revenue environment
Nigeria’s deposit money banks (DMBs) must brace up for the challenge of 2021 that might tax their resolve to remain in business. Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles. Their valuable customers such as high net-worth individuals, corporate bodies and other institutions are equally challenged. In his book, Business Stripped Bare, celebrated iconic entrepreneur and founder of the Virgin Group, Richard Branson, says, “without trustworthy banks, there can be no business, no employment, no money. According to Branson, “People have got to be able to go to bed at night secure in the knowledge that the money they depo...
Coronavirus: Nigeria now at tipping point – PTF
The Federal Government, yesterday, took stock of its response to the COVID-19 pandemic vis-a-vis the attitude of Nigerians to embracing safety precautions, and concluded that the country was now at a tipping point. This came as government announced its decision to establish oxygen plants in all states of the federation as part of measures to resolve the “oxygen crisis” that had engulfed some of the isolation and treatment centres in the country. Meanwhile, Edo State has recorded 28 new cases of coronavirus, bringing the total number of confirmed cases in the state to 270, as the state government cautions residents to abide by the precautionary health and safety guidelines. Vanguard, meanwhile, gathered that former vice-chancellor of the University of Lagos, Prof. Oyewusi Ibidapo-Obe and th...
Yobe governor calls for caution to combat fire incidents during harmattan
Yobe State Governor, Alhaji Mai-Mala Buni, has called for extra vigilance during the harmattan season to combat incidents of fire disaster. The governor made this call in a statement yesterday while commiserating with victims of a fire outbreak that occurred at Potiskum Market. The fire had broken up in the early hours of yesterday, razing six traditional medicine shops. The governor in a statement, said he received the news of the incident with sadness, while directing the State Emergency Management Agency (SEMA) to provide the victims with all necessary support and to take stock of damages caused by the inferno. He also directed the state’s Fire Service to be proactive, especially in the current harmattan season. He said, “I wish to express my deep sympathy to victims who lost their valu...
PENGASSAN Strike: No need for panic buying – NNPC
The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed mounting insinuation of possible scarcity of petroleum products following ongoing disagreement between the Federal Government and members of the Petroleum and Natural Gas Senior Staff Association (PENGASSAN) on the implementation of the Integrated Payroll and Personnel Information System (IPPIS). Dr. Kennie Obateru, Group General Manager, Group Public Affairs Division of the Corporation, quoted Mallam Mele Kyari as saying, in a release, that the industrial action embarked upon by PENGASSAN would not lead to scarcity of petroleum products as all fuel stations and petrol depots in the country have enough stock of products to service consumers and are open for business. While expressing hope that the industrial dispute wo...
Trading remains upbeat on NSE, index up 1.28%
Activities on the Nigerian Stock Exchange on Friday remained upbeat for the fifth consecutive day, with the All-Share Index growing by 1.28 per cent to cross 26,000 mark. The index rose by 332.20 points or 1.28 per cent to close at 26,319.34, compared with 25,987.14 recorded on Thursday. In the same vein, the market capitalisation grew by N173 billion to close at N13.754 trillion, from N13.581 trillion on Thursday. Nigerian Breweries led the gainers’ table, appreciating by N4.70 to close at N52.55 per share. Presco followed with N3.50 to close at N53, while Dangote Cement appreciated by N3.10 to close at N139 per share. Stanbic IBTC garnered N1.40 to close at N40.50, while Flour Mills gained N1.35 to close at N21.50 per share. On the other hand, Northern Nigeria Flour Mills topped the lagg...
Gombe discharges 20 coronavirus patients after testing negative
Gombe State has discharged 20 COVID-19 patients out of 109 cases in isolation centres across the state after they tested negative twice. Prof. Idris Mohammed the Chairman of the State Task Force on COVID-19, made the disclosure at a news briefing on Friday in Gombe. Mohammed, who was represented by Dr Ahmed Gana, the state’s Commissioner for Health, said that the 20 patients were discharged following directive from the Nigerian Centre for Disease Control (NCDC). “We are happy to inform the general public that NCDC has given us go ahead to discharge a total of 20 cases under our isolation facilities. “Ten from Kwadon Isolation facility and the second 10 were from Federal Teaching Hospital (FTH) Gombe Isolation center,” he said. He added that more patients would be discharged in the next few...
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CNPP urges President Buhari to sack minister, spokesperson
The Conference of Nigeria Political Parties (CNPP) has urged President Muhammadu Buhari to sack the Information Minister, Lai Mohammed and the presidential spokesperson, Garba Shehu. CNPP accused the duo of continuously misinforming Nigerians and turning the country into a laughing stock. Secretary-General, CNPP, Willy Ezugwu, made the call in a statement on Sunday in reaction to the duo’s comments on Transparency International Corruption Perceptions Index report. Ezugwu described Mohammed and Shehu as major liabilities that have contributed to the poor image of the All Progressives Congress (APC) government. He noted that the Buhari administration would have been perceived in a better light without the two. “To most Nigerians, the Minister of Information represents a face of misinformatio...