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The federal government has announced a new price band of 140.80 to N143.80 per litre for Petroleum Motor Spirit (PMS), also known as petrol. The Petroleum Products Pricing and Regulatory Agency (PPRA), in a circular to marketers dated July 1, 2020, and signed by its Executive Secretary, Abdulkadir Saidu informed that “After a review of the prevailing market fundamentals in the month of June and considering marketers’ realistic operating costs, as much as practicable, we wish to advise a new PMS pump price band of N140.80 – N143.80 per litre for the month of July 2020.All markets are advised to operate within the indicative prices advised by the PPRA.”

Hadi Sirika, Minister of Aviation has on Wednesday disclosed that domestic flights at the Murtala Mohammed Airport, Lagos, and Nnamdi Azikiwe Airport, Abuja would resume on July 8, 2020. The minister in a tweet said the Lagos and Abuja airports will be the first to commence operations and other airports including Kano, Owerri, Port Harcourt, and Maiduguri to follow on July 11, 2020.

President Buhari, National Assembly, Agree Planned Electricity Tariff Hike Is ill-Timed


President MuhammaduBuhari, yesterday established common ground with the leadership of the National Assembly on the need to delay the planned increase in electricity tariffs. The National Assembly leadership had met on Monday with the Electricity Distribution Companies, DISCOs, wherein it was agreed that the planned new tariff scheduled to take effect today, July 1, should be postponed till the first quarter of 2021.

Top Officials Affected In NNPC Shake Up

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The Nigerian National Petroleum Corporation (NNPC) has on Sunday announced the appointment of new top management staff in a major reorganization in the government-owned firm.
This was made known in a press release issued by the Group General Manager, Public Affairs Division, Dr. Kennie Obateru.

Fidelity Bank Appoints Chike-Obi As New Chairman

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Fidelity Bank Plc has on Sunday announced the appointment of Mr. Mustafa Chike-Obi, the Executive Vice Chairman of Alpha African Advisory as its new Chairman.
In a statement, the bank said the outgoing chairman, Mr. Ernest Ebi, and Mr. Seni Adetu, an independent non-executive director will be retiring from the bank's board after their tenures.
While serving as Chairman, the bank under Ebi recorded significant growth, the bank's market share has been strengthened. Also, Adetu played a significant role in complementing management effort in upgrading the bank, enhancing service delivery in accordance with the vision of the bank.

The Federal Government of Nigeria has announced committees in all 36 states and the FCT for its planned creation of 774,000 jobs across the federation. In October 2019, President MuhammaduBuhari, approved a Pilot Special Public Works Programme in the rural areas, domiciled in the National Directorate of Employment (NDE) for implementation, which aims at employing 1,000 persons from each of the 774 Local Government Areas.

The Federal Government in efforts to control the negative impact of trans-boundary pests on crops has approved an N13 billion intervention fund to also boost agricultural activities. The pest control project in 12 northern states of the federation is aimed at enhancing the national food security amidst the COVID-19 pandemic.

Embattled AFDB President: Nigeria Have Your Back, Buhari Assures Adesina


President Muhammadu Buhari has yesterday assured the embattled president of the African Development Bank (AfDB) in his quest for his re-election to occupy the office, saying “Nigeria is solidly behind you”. Buhari gave the assurance when he hosted Mr Adesina at the statehouse Abuja who was on a courtesy visit. Mr President reiterated his stance to Adesina that Nigeria in collaboration with other African leaders would rally round him to ensure he actualises to ambition especially that his past record is anything to go by.

Illegal Mining: 17 Chinese Men Arrested In Osun State


The Osun State Government had on Sunday announced the arrest of 27 illegal miners in the state out of which 17 of them were Chinese nationals while 10 were there local collaborators.

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