…says ‘it’s strategy to increase crude production, grow reserves’ . War means war, we have right tools, we know what to fight, Kyari boasts Nigerian National Petroleum Company Limited has announced a state of emergency on oil production in the country. According to the NNPC, the declaration of a state of emergency is part of the strategy to increase Nigeria’s crude oil production and also grow its reserves. NNPCL Group Chief Executive Officer, Mele Kyari, made this known in his keynote address delivered at the opening of the 23rd edition of the Nigeria Oil and Gas Conference and Exhibition Week…
Author: Daily News Hub
…warns it’ll make job creation a mirage Samuel Adesola, Abuja Chairman of the Dangote Group, Aliko Dangote, on Tuesday, decried the hike of interest rate to almost 30 per cent by the Central Bank of Nigeria. Dangote, who spoke on Tuesday at the Banquet Hall of the State House, Abuja, during the opening session of a three-day summit organised by the Manufacturers Association of Nigeria, said with the present interest rate regime of the apex bank, job creation would be almost impossible. The industrialist added that the high interest rate would also make it tough for the manufacturing industry to…
A member of the House of Representatives, representing Degema/Bonny Federal Constituency, Rivers State, Cyril Hart, during Tuesday’s plenary, staged a walk-out after accusing the Deputy Speaker, Benjamin Kalu, of discriminating against new members during parliamentary debates. Hart, who is a member of the Peoples Democratic Party, raised this allegation a few minutes after the lawmaker representing Damboa/Gwoza/Chibok Federal Constituency, Borno State, moved a motion condemning the recent suicide bombings which claimed lives in the North-Eastern State. The motion had drawn comments from many lawmakers, including the Chairman, House Committee on Navy, Idris Wase; the Chairman, Committee on Defence, Babajimi Benson…
House of Representatives, on Tuesday, claimed that the female suicide bombers who carried out multiple attacks resulting in the death of scores of people in Borno State on Saturday were imported. The lawmakers made this allegation in a resolution after considering a motion of urgent national importance by the member representing Gwoza/Chibok/Damboa Federal constituency, Ahmed Usman Jaha. Jaha, in his condemnation of the attacks, stated that investigations have revealed that the female suicide bombers were “recruited, brainwashed and imported from outside the state” to carry out the suicide act in Gwoza. The lawmaker added that the bombings indicated the ongoing…
President Bola Tinubu has approved a new withholding tax policy, replacing the old policy established in 1977. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele made this known on Tuesday. The new withholding tax policy introduces significant reforms designed to alleviate the heavy burden that the previous system imposed on farmers and Small and Medium Enterprises (SMEs). Oyedele said the updated regime addresses several long-standing challenges and introduces specific provisions, including: Small businesses will now be exempt from withholding tax compliance, reducing their administrative and financial burdens; businesses with low profit margins will benefit from…
A Senior Advocate of Nigeria, Olisa Agbakoba, has warned that hunger riot might soon break out in Nigeria unless Federal Government to acts fast. Agbakoba gave this warning on Tuesday at a press conference held in his office in Ikoyi, Lagos. He noted that the majority of Nigerians could not put food on their tables due to extreme poverty. This situation, he noted, obtained inspite of the nation’s enormous oil and gas resources which, according to him, have been hijacked by foreigners. Agbakoba maintained that Nigeria as a nation should avoid a situation where the masses would be pushed to…
Speaker of Imo State House of Assembly, Chike Olemgbe, on Tuesday, announced the suspension of four members for alleged plot to impeach the speaker. The suspended lawmakers are Ahiazu-Mbaise, Samuel Otuibe; Ezinihitte-Mbaise, Henry Agbasonu; Okigwe, Chidiebere Ogbunikpa and Oru-West, Dominic Ezerioha. Speaker disclosed that the decision to suspend the four lawmakers was taken at the executive session. He also announced that the suspended lawmakers have been removed as chairmen of all the standing Committees they’ve been overseeing. During the plenary, the Speaker made minor reshuffling on the standing Committees. However, some of the suspended members present during the announcement refused…
. We’ve surpassed previous Assemblies since 1999, he says … as Reps introduced 1,351 bills, 679 motions, and 89 draft legislations in one year Samuel Adesola, Abuja Speaker of the House of Representatives, Hon. Tajudeen Abbas, says with 1,351 bills and 679 passed motions, the 10th House has surpassed the previous Assemblies since Nigeria returned to parliamentary democracy in 1999. Speaker Abbas also disclosed that the House of Representatives, in its first legislative session, successfully passed 679 motions and 89 drafts out of 1,351 bills introduced. He added that 679 motions were also introduced within the period under review to…
A former National Vice Chairman North-West of the All Progressives Congress, Salihu Lukman, has expressed regrets that the current National Assembly is not representing the interests of Nigerians. Lukman, in a statement, on Tuesday, said part of the challenge of the country’s democracy is that the two chambers of the National Assembly are only accountable to themselves. The former APC chieftain noted that the Public Accounts Committees in both chambers are expected to exercise oversight over the management of funds allocated to the National Assembly. He stressed that somehow, these are issues that contribute to the current reality whereby the…
A former Chief of Naval Staff, Admiral Alison Madueke, has filed a petition in the Lagos State High Court, seeking a legal declaration to end his marriage to Diezani and requesting that she stop using his last name. Madueke is asking the court to order the former Minister of Petroleum Resources to revert to her maiden name, Agama. This was contained in Madueke’s petition for jactitation of marriage (declaration that a marital union has ended). According to the ex-Chief of Naval Staff, Diezani’s ongoing use of his name despite their marriage being legally over is damaging to his reputation and…