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Cooking Gas Price rises by 40%

Marketers of Liquefied Petroleum Gas (LPG), also known as cooking gas, have covertly hiked prices of the commodity by 40 per cent, as perennial product’s scarcity worsened nationwide. Investigations by New Telegraph revealed that the price of a 12.5kg cylinder has been hiked to...

Multi-billion Naira Insurance Fraud: ‘BPE breaches Procurement Act’

Members of the House of Representatives investigative panel on the multi-billion naira insurance fraud in Ministries, Departments and Agencies (MDAs) between 2013 and this year, were shocked when the acting Director-General (DG) of the Bureau of Public Enterprise ( BPE ), Vincent Akpotaire, said...

Oil workers to FG: Don’t scrap NNPC, DPR

Oil workers under the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), warned the Federal Government to desist from its plans to scrap the Nigerian National Petroleum Corporation (NNPC), Department of Petroleum Resources (DPR), Petroleum Pricing Regulatory Agency (PPPRA) other agencies in the...

Kachikwu wants Oil Blocks allocated to States

Petroleum practice should allow states to be allocated specific acreages and then encouraged to enter into joint ventures to explore and exploit oil resources in the allocated acreages. This is among the recommendations of the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu,...

Amid Recession, Reps take Delivery of N3.6bn Exotic Cars

The delivery of 360 exotic cars to members of the House of Representatives has begun amid the economic downturn in the country. Investigations by The PUNCH revealed on Sunday that 28 units of the Peugeot 508 series had already been delivered to lawmakers in Abuja. The...

FG Deploys N1bn for Revamping of Abuja Airport Runway

The federal government has deployed about N1billion for the rehabilitation of the Nnamdi Azikiwe International Airport runway. Already, the Minister of State, Aviation, Senator Hadi Sirika has set up a committee to overseas the restoration work. The Federal Airports Authority of Nigeria (FAAN) said the runway...