Category: Metro

DBN Boss Tutors MSMEs How To Access DBN funds

…….call on the federal government to allow SMEs access capital at a single digit interest rate …….. Managing Director of Development Bank of Nigeria has been counseling owners of Medium, Small and Micro Enterprises (MSMEs) in Nigeria on how to access funds from the bank. The DBN Boss, Tony Okpanachi while speaking at the recently…

Fuel scarcity to get worse as depot owners give FG 14-day ultimatum

The nationwide fuel scarcity might get worse in two weeks, following the latest threat from depot owners. On Tuesday, the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) gave the federal government a 14-day ultimatum, to settle a N650billion debt allegedly owed its members. In a statement by its Executive Secretary, Olufemi Adewole, the…

A New dimension of Armed robbery at ATMs Locations

An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform self financial transactions, such as cash withdrawals, deposits, transfer funds, or obtaining account information, at any time and without the need for direct interaction with bank staff According to some media reports, armed robbery at ATMS locations…

49 passengers escape death as Dana airplane overshoots runway at Port Harcourt

… Sirika Sympathises with Dana Air Passengers over Accident The General Manager, Corporate Affairs, Federal Airports Authority of Nigeria (FAAN), Mrs Henrietta Yakubu confirmed the incident in a statement issued in Lagos. Indicated Yakubu: “A Dana aircraft flight 9J0363, flying from Abuja to Port Harcourt airport, has overshot the Port Harcourt runway. “The incident was suspected…

Fuel Queues: NNPC Imports $5.8bn Worth of Petrol to Arrest Fuel Crisis

The Nigerian National Petroleum Corporation (NNPC)says it has imported 9.8 million metric tons of Premium Motor Spirit (PMS) worth $5.8 billion to combat the fuel crisis that resurfaced since late last year. This was disclosed by the Group Managing Director of the corporation, Dr. Maikanti Baru, during a public hearing by the Senate Committee on…

Fuel scarcity: NNPC cannot cope with demand on petrol consumption, says IPMAN

 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has attributed the lingering fuel scarcity in the country  to inability of the Nigerian National Petroleum Corporation (NNPC) to  meet up with the nation’s petroleum consumption demand. Consequently, it called for a total deregulation of the downstream sector. Alhaji Debo Ahmed, Chairman, IPMAN Western Zone, made the disclosure…