Economy Archives - Page 61 of 69

Oct

06

2022

Long queues resurface at Abuja fueling stations over suspected scarcity

Business, Economy, Lifestyle, MetroAbuja, Business, Economy, Metro, Nigeria

Long queues have resurfaced in Abuja filling states as motorists struggle to purchase Premium Motor Spirit, also known as petrol. Checks by our reporters showed that most fuel stations were locked while long queues were noticed in retail outlets in Wuse, Gwarimpa, Wuye, and Kubwa expressway on Tuesday. No official explanation has been given for the long queues, but motorists were seen making efforts to get the product and black market operators have also started to sell in jerricans A private car owner, Mr. Emmanuel Eze, said that there was fuel but does not know the reason for the queues.…

Oct

05

2022

By Kalu Odinakachi

Senate directs NLNG to pay N18.4bn compensation to host communities

Economy, Metro, PoliticsEconomy, Metro, Nigeria, Politics, Senate

Senate on Tuesday directed the Nigeria Liquefied Natural Gas, NLNG Limited to pay N18.4 billion compensation to 73 communities from Obiafu, Soku to Bonny in Rivers State for acquiring their land and loss of use of the affected land to pipeline Rights of Way. The company was given 60 days within which to make the payment to the affected communities. The resolutions were adopted after the Senate considered the report of its Committee on Ethics, Privileges and Public Petitions, chaired by Senator Ayo Akinyelure (APC Ondo Central) that investigated a petition by the communities. Presenting the report, Senator Akinyelure said…

Oct

04

2022

By Chimamanda

FG sues Meta, owners of Facebook, Whatsapp, seeks N30bn

Business, EconomyBusiness, Economy, Facebook, Metro, Nigeria

The Advertising Regulatory Council of Nigeria has lodged a suit against Meta Platforms Incorporated, the parent company of Facebook, Instagram, and WhatsApp platforms and its agent – AT3 Resources Limited – at the Federal High Court, Abuja Judicial Division. This was disclosed in a statement by the highest regulatory body for Nigeria’s advertising, ARCON. ARCON is arguing that Meta Platforms Incorporated has continued to expose the Federal Government to loss of revenue adverts. It is seeking N30bn in sanction for the violation of the advertising laws and for loss of revenue. The statement read in part, “ARCON reiterates that it…

Oct

03

2022

By Amos Oge Kalu

N17bn allocated to stop oil theft diverted – Falana

Economy, Metro, Opinion, PoliticsCrime, Economy, Lifestyle, Metro, Next Level, Nigeria, Opinion, Politics

A human rights lawyer, Femi Falana, SAN, at an event organized by the Socio-Economic Rights and Accountability Projects, monitored by SEGUN ADEWOLE, laments the injustice done to the Niger Delta region and the Federal Government’s decision to place the Niger Delta Development Commission under the Ministry of the Niger Delta Human rights lawyer, Femi Falana, has alleged that about N17bn allocated to stop oil theft has been diverted Falana, while delivering his goodwill message in Lagos State Thursday, also stated that the Ministry of Niger Delta ought to be under the NDDC, and not the other way around. He spoke at…

Sep

17

2022

By Amos Oge Kalu

Just In: Petrol Tanker Fails Brakes, Ram Into House In Ebem Ohafia

Abia State, Metro, OhafiaAbia State, Accident, Ebem Ohafia, Economy, Ohafia

The news reaching OHAFIATV News desk has it that a trailer concerning petrol has failed brakes and ram into a nearby building, causing damages. According to the facebook post corroborating the news report: The report has it that the petrol tanker parked at UDDY KING FILLING STATION, Uzofuru, Ebem Ohafia to offload. Unfortunately, the brake failed and on its own descended across the road without the driver in it. Luckily, there was no vehicle coming from both sides when the petrol tanker was running across the main road. No casualty.. Both sides of the road have been blocked while efforts…