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  • LAUTECH lecturers embark on strike — second time in one year

    June 2, 2017 8:15 PM 13

    The Academic Staff Union of Universities (ASUU, Ladoke Akintola University of Technology (LAUTECH) chapter, has announced the commencement of a strike action. The industrial action is coming a little over three months after the lecturers called off a strike which lasted for eight months. Biodun Olaniran, chairman of the ASUU, LAUTECH chapter, and Toyin

  • New bill prescribes multiple taxes for road users

    June 2, 2017 12:51 PM 19

    There are indications that road users may face multiple taxes as Senate moves to pass the National Roads Fund (Establishment, etc) Bill 2017. The bill, which was sponsored by Chairman of the Committee on Works, Kabiru Gaya, has scaled first and second readings and has gone for public hearing. It was listed on the Order Paper of Thursday for third reading

  • Nigeria Senate panel wants fuel price increased to N150

    June 2, 2017 11:46 AM 13

    The Senate Committee on Works has recommended an increase in the pump price of petrol from N145 to N150 for the implementation of the proposed National Roads Fund (NRF). The recommendation came a year after President Muhammadu Buhari raised the pump price of fuel from N87 to N145 per litre. The increase was part of the recommendations made by the Senate

  • Oil drops 2% as US climate withdrawal compounds glut concerns

    June 2, 2017 11:08 AM 18

    "This could lead to a drilling free-for-all in the U.S. and also see other signatories waver in their commitments," said Jeffrey Halley, senior market analyst at futures brokerage OANDA. He added that the move could complicate the market outlook in a way that "would not be favorable to oil prices". U.S. crude production last week already stood nearly

  • Osinbajo: Low income Nigerians can own homes with N30K

    May 31, 2017 8:00 AM 47

    Acting President Yemi Osinbajo said the Federal Government is implementing a N100 billion Family Home Fund, which provides inexpensive mortgages to Nigerians who can afford N30, 000 per month. The Acting President first gave a hint of the scheme in his May 29 Democracy Day Broadcast. He further elaborated later on it at the Social Investment Programme’s

  • Senate halts concession of P-H refinery to Agip, Oando

    May 31, 2017 3:10 AM 25

    ABUJA — The Senate has suspended the planned concession of Port Harcourt refinery to Agip and Oando by the Ministry of Petroleum Resources. It also resolved to constitute a seven-member ad-hoc committee to probe the concession. Members of the committee, which has Senator Abubakar Kyari (APC, Borno North) as Chairman, include Senator Benjamin Uwajumogu

  • Corruption: Senate Stops FG’s Concession Of Port-Harcourt Refinery To AGIP, OANDO

    May 31, 2017 3:05 AM 18

    The Senate yesterday put on hold the planned concession of the Port-Harcourt Refinery to AGIP and OANDO oil companies by the federal government. The halt, the senate said, is owing to adverse corruption due to the non-transparent transaction relating to the conceding of the refinery by the federal ministry of petroleum resources. An Ad-hoc committee

  • Minimum wage hike a 'balancing act' for region

    May 31, 2017 2:55 AM 11

    Increase could see costs passed to consumers and be difficult for small businesses The province's plan to increase minimum wage to $15 an hour by 2019 is being viewed as a generally good thing, but needs to be balanced with the potential negative consequences especially for small businesses, critics say. And some analysts believe the overall financial

  • Oduah’s bank debt suit stalled

    May 30, 2017 12:38 PM 12

    Hearing in a suit filed by Sterling Bank Plc against Senator Stella Oduah and her firm, Sea Petroleum and Gas Company Limited, was stalled on Tuesday at the Federal High Court in Lagos due the judge’s absence. All pending applications were to be heard by the court, but Justice Ayokunle Faji did not sit. He was said to be indisposed. The bank said Oduah

  • My thoughts about my successor, plans for 2019 — Ajimobi

    May 30, 2017 3:08 AM 20

    Ibadan—Governor Abiola Ajimobi of Oyo State yesterday, said he would unveil his successor in May 2018, urging the people to be patient. Ajimobi stated this in Ibadan during an interactive session with newsmen to mark the ‘Democracy Day’ and his administration’s sixth anniversary. According to reports the governor is currently serving his second term as governor