Category: Economy

MY HONEST CONCERN AS OJULARI, OMOTOWA & EWUBARE TAKE NEW ROLES IN NNPCL

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By Zik Gbemre   Congratulations, Bayo Ojulari, Babs Omotowa and Roland Ewubare on new roles in the oil & gas sector.   Roland is no strange name as he was Group Chief Operating Officer Upstream NNPC before resigning at a point.   Bayo and Babs were Shell groomed technocrats who built outstanding careers in Shell.   Omotowa’s new role in the industry as non executive Director of the NNPC LTD Board is a plus with his vast experience in the Royal Dutch Shell in the Hague and in Nigeria.  …

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CBN Announces New N100 ATM Transaction Fees For #20,00 Withdrawal 

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      The Central Bank of Nigeria (CBN) has reviewed the transaction fees for Automated Teller Machine (ATM) services, with new N100 charges for N20,000 withdrawal, set to take effect from March 1, 2025.   In a circular signed by John Onojah, the acting director of the Financial Policy and Regulation Department, the CBN stated that the fee adjustment aims to address the rising operational costs and enhance efficiency within the banking sector.   The last time the ATM transaction fees were revised was in 2019 when the CBN…

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Sand Merchants And The Shylock Syndrome

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By Sunny Awhefeada   Humanity is ever susceptible to the changing patterns of reality and existence so that what was once inconceivable could become the norm. The ineluctability of change has continued to push boundaries beyond human imagination. In the course of time, novel phenomena emerge to engender new realities which soon evolve to become a way of life. This new “way of life” will also run its course and get subverted or replaced by another “new way of life” and humanity continues in its ever forward movement. And life…

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Commendations, Lamentation Trail Destruction Of Make-Shift Stores, Evacuation Of Roadside Traders In Ughelli Markets

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Residents of Ughelli and it’s environs, have commended the operation keep Ughelli North clean embarked upon by the administration of Olorogun Jaro Movudu Egbo, in Ughelli North Local Government Area of Delta State. Olorogun Jaro Egbo, following the expiration of the ultimatum issued to traders trading along roadside and walkway in Ughelli markets, embarked on a clean up exercise to give Ughelli North a new face look. However, the exercise was married with condemnation as some traders who make-shift stores were destroyed, described the actions of the local government council…

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Breaking: Dead Bodies To Pay Tax In Enugu State

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In a surprising new policy, the Enugu State Internal Revenue Service has announced that owners of deceased individuals will now be subject to a tax if the body is not buried within 24 hours. The regulation stipulates a daily fee of 40 Naira for every day the body remains unburied. This unprecedented move, described as the “Bill for the Living and Bill for the Dead,” has sparked widespread criticism and concern among residents. Many are questioning the ethical implications of taxing the deceased and the families grieving their loss. Critics…

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Another Deltan Sets To Bath In An Abandoned Road In Ughelli

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  Few days after a Sapele resident had his bath in a stagnant mud water in Shell road in Sapele local government area, another Deltan based in Ughelli North is ready to do same.     The yet to be identified Deltan had in a trending video disclosed that he wants to have his bath in a stagnant mud water at the abandoned Imowhe road, in Ughelli North Local Government Area of Delta State.   Speaking, the content creator who has a medicated soap in his hand said, me I…

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Anniversary: Revelation Bank Has Created An Enabling Environment Through Soft Loans-CEO

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  The Managing Director and CEO of Revelation Microfinance bank, Mr Okhimamhe Patrick, has revealed that the financial institution has created an enabling environment by granting her customers soft loans to aid their various businesses. Mr Patrick made this revelations in a event to make the one year existence of the microfinance bank since it’s establishment in Ughelli, Delta State. He said, “In our one year of existence, we have given hundreds of millions of loan to people around, we have aided businesses, we have ensure that we are very…

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Tompolo’s Tantita Provides Nigerian Army With Soldiers’ Transit Accommodation

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  Newly constructed 3 Battalion Soldiers’ Transit Accommodation built and furnished by Tantita Security Services Nigeria Limited (TSSL) for military personnel at Effurun Barrack in Uvwie Local Government Area of Delta State, has been inaugurated by the Nigerian Army. The building, which is well equipped with state-of-the-art facilities, was commissioned by the General Officer Commanding (GOC) 6 Division, Nigerian Army, Major General Jamal Abdussalam.   Abdussalam, while inaugurating the project, commended Tantita Security for initiating and completing the project as part of efforts in providing welfare for officers and soldiers…

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Northern Group Berates Dangote Over Nigeria Economy

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Nigerians Are Used To Your Diabolical Emasculat   A Northern group, Arewa Intelligentia Caucus has rained heavy knock on Aliko Dangote, saying his cheap blackmail of the officials of NNPC will not take him anywhere. The Group in a Press Statement signed by Abubakar Ciroma (President) and Nasir Adamu (Publicity Secretary), while blasting Aliko Dangote, said that Nigerians were used to his diabolical emasculation and total domination of every sector of the nation economy, challenging him to come out clean of accusation that he was producing poor quality petroleum products…

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POOF Foundation, Donates Relief Materials To Okuama Victims

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By Omoghene Benedict  A non governmental organization, Prince Oghenerukevwe Okifo Foundation, POOF, has donated relief materials to internally displaced Indigenes of Okuama Community currently camped at Ewu-Urhobo in Ughelli South Local Government Area of Delta State. POOF foundation also presented cash donation to ten nursing mothers that were put to birth at the IDP camp. Items donated by POOF foundation are, packs of rice, cartons of noodles, pampers, sanitary pads, toiletries, detergents, bathing soaps, 25 litres of groundnut oil, and educational materials for the students in the camp. The CEO…

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