NewsReports

The Department of Petroleum Resources (DPR) has suspended fuel import permit of Capital Oil, Sahara Petroleum and Folawiyo Petroleum for three months for alleged profiteering. This was contained in a statement issued by Abimbola Ogan, the DPR spokesperson, on Friday, in Lagos State. Other companies whose permit were suspended are Samon Petroleum, Fynefield Petroleum in Calabar, Cross River State and …

Members Of the Kogi State House of Assembly Have Impeached The Speaker, Alhaji Jimoh Lawal, for incompetence and misconduct. The Speaker was impeached today along with his deputy, Ali Akuh, and minority leader, Hassan Bello. Lawal, whose impeachment was endorsed by 17 out of the 25 members of the Assembly, was replaced by Godwin Osuyo with John Abbah as the …

The Independent Petroleum Marketers Association of Nigeria, Rivers State branch, has said it will continue to sell fuel above government-approved pump prices unless the depots comply with the same directive. IPMAN made this vow on Thursday at the annual meeting of the Department of Petroleum Resources, depot owners and other stakeholders in the oil sector. Premum motor spirit also known …

A Federal High Court in Abuja on Thursday ordered that businessman and former Chairman of Daar Communications Plc, Chief Raymond Dokpesi, be returned to the custody of the Economic and Financial Crimes Commission ‎after hearing his bail application. Dokpesi was on Wednesday arraigned along with his firm, Daar Investment and Holdings Ltd, ‎on six counts of money laundering and procurement …

ABUJA – Federal Government has proposed a national budget of N6 trillion for 2016 fiscal year, allocating 30 percent of the budget to the capital expenditure. It has also approved and submitted the Medium Term Expenditure Framework, MTEF, to the National Assembly. Briefing State House Correspondents after an emergency meeting of the Federal Executive Council, FEC, presided by President Muhammadu …

The Independent National Electoral Commission INEC has cancelled the election in Southern Ijaw Local Government Area in the Saturday’s Bayelsa State governorship election. INEC said the decision was taken because of violence, the abduction of electoral officials and ballot box snatching. Re run on a new date to be fixed. (Vanguard)

By Igbotako Nowinta – Alltimepost.com Nigeria Bureau Chief President Muhammadu Buhari has been asked to wake up to the responsibility of making the implementation of the Freedom of Information Act (FOI A) compulsory at the Federal Executive Council level in Nigeria. It is the only way to ensure 100% compliance by Ministries, Departments and Agencies so that the present war …

Dr Ibe Kachikwu, the President, Organisation of Petroleum Exporting Countries (OPEC), says the demand for OPEC crude is expected to rise by 1.2 million barrels per day in 2016. This is contained in a statement signed by Ohi Alegbe, NNPC’s Group General Manager, Group Public Affairs Division, and released to newsmen in Abuja on Saturday. The statement quoted Kachikwu, Nigeria’s …

The candidate of the All Progressives Congress (APC) in the Kogi State governorship election, Mr Yahaya Bello, has been declared the winner of the election. Mr Bello, who is substitute to late Mr Abubakar Audu, defeated the incumbent Governor, Captain Idris Wada, of the Peoples Democratic Party who was seeking a second term in office. Declaring the results of the …

Abuja – The Governors’ Forum, has stressed the need for the Federal Government, the 36 governors, and the organized labour to agree on a realistic minimum wage for workers. The Chairman of the forum, Gov. Abdulaziz Yari of Zamfara, made this known while addressing State House correspondents on the governors’ stand on the minimum wage especially in view of the …