• NNPC discharges 320m litres of petrol • Govt may adjust fuel price next month • Presidency dissolves task force on power sector reform “Hopefully by tomorrow (today) and Thursday, the fuel queues in Abuja should be over. Hopefully, the same thing will happen in Lagos, and thereafter by the weekend, we should see Kano, Katsina, Sokoto, Port Harcourt and Warri get off the queue list.” With these words yesterday, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, reassured the nation that the lingering fuel scarcity would be a forgotten hardship by the end of the week. An indication that the minister’s promise may come to pass was that a stock of 320 million litres of petrol was being distributed across the country yesterday. Meanwhile, the Federal Government has dissolved the presidential task force set up by the Goodluck Jonathan administration to drive the implementation of the reform in the nation’s electricity sector. But the reasons for this move we...
Residents of Yakoyo/Odozi in Ojodu Abiodun, Ifo Local Government of Ogun State, have called on the state government to stop further demolition of their houses until full compensation is paid to those already affected. The Yakoyo/Odozi Road Landlords’ Association, while briefing journalists on their fears and what they termed insensitivity on the part of the state government, said they needed at least three months after the compensation must have been paid to make adequate preparations to relocate their families. According to them, contrary to the claims by the state government that it is currently paying compensation to the affected persons in Abeokuta, no resident of the area has been paid two weeks after the first demolition exercise was carried out. The Chairman of the association, Mr. Olajide Shekoni, said the residents had written a letter to the Governor Ibikunle Amosun, but had not received any reply. He said the residents now lived in fear ...
Godwin Emefiele President Goodluck Jonathan has nominated Godwin Emefiele, who is the Managing Director of Zenith Bank, as the new governor of Central Bank. Mr. Jonathan submitted Mr. Emefiele’s name to the Senate for confirmation on Thursday, a few hours after he suspended Sanusi Lamido as the CBN governor and announced t he CBN’s Deputy Governor, Dr. Sarah Alade as acting governor of the bank. Until his appointment, Mr. Godwin I. Emefiele serves as Chief Executive officer and Group Managing Director of Zenith Bank Plc. He served as Deputy Managing Director of Zenith Bank Plc. since 2001 and has also served as Executive Director in charge of Corporate Banking, Treasury, Financial Control and Strategic Planning of Zenith Bank Plc. He had been in Management team since inception. Mr. Emefiele has over eighteen years of banking experience. Mr. Emefiele serves as Director at Zenith Bank If confirmed by the senate, Mr. Emefiele will take over fully as...
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