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04
Sat, May

The Nigerian Ports Authority, NPA, on Tuesday said five out of eight ships waiting to berth in Lagos ports contained petrol.

The ports authority stated this in its daily `Shipping Position’ released in Lagos.

Electricity Distribution companies in the country have perfected plans to deploy meter bypass trackers on distribution networks to check the increasing activities of some individuals and groups who often attempt to evade payment of electricity bills by bypassing electricity meters.
The planned deployment of the technology may not be unconnected with the recent warnings from the National Electricity Regulatory Commission (NERC) that electricity consumers who bypass meters would be forced to pay N45, 000 as fine.

The UK Treasury has said Anti-money laundering regulations should be updated to include Bitcoin and other virtual currencies.

The Metropolitan Police says criminals are using crypto-currency cash machines to launder money in London.

The government's aim is part of a broader update to the EU rules which are under negotiation.

The National Union of Air Transport Employees, NUATE, is to picket Kenya Airways from December 5 over poor treatment of Nigerians employed by the airline.

The General Secretary of NUATE, Olayinka Abioye, made the disclosure in an interview with the News Agency of Nigeria, NAN, in Lagos on Monday.

Mr. Abioye explained that the picketing would be indefinite until the management of the airline acceded to the union’s demands.

ECOWAS To Dole Out $29bn On Projects In W/Africa

President of ECOWAS Commission, Marcel Alain de Souza has revealed that the commission has concluded plans for sub-regional development projects worth 29.66 billion dollars for the period of 2018 to 2022.

The Nigerian National Petroleum Corporation (NNPC) has reiterated that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide. The Corporation re-emphasised this in a statement signed by Mr Ndu Ughamadu, Group General Manager Group Public Affairs Division, in Abuja, on Monday.

Local vehicle manufacturing company, Innoson Group has announced plans to begin massive manufacturing of affordable and quality vehicles by 2018. The Chairman of Innoson Group, Dr. Innocent Chukwma made the disclosure on Sunday while receiving the Nigeria Institute of Public Relations (NIPR), Brand Symbol Award, conferred on him by the Acting Chairman of FCT Chapter of the Institute, Aliyu Aliyu.

The federal government of Nigeria has expressed its readiness to reintroduce toll-gates across major federal highways in the country.


But Minister of Power, Works and Housing, Babatunde Fashola said the toll collection will only be deployed, where highways have been reconstructed to international standards.

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