Monday, October 23Informations That Matters

BUSINESS

Delta Line Workers Under Delta Govt Payroll Shut Down Asaba Over Non Payment Of 8 Months Salaries

Delta Line Workers Under Delta Govt Payroll Shut Down Asaba Over Non Payment Of 8 Months Salaries

BUSINESS, NEWS
Hundreds of workers of Delta Transport Services Limited (Delta Line) reportedly under the pay roll of the Delta State Government before the partial sale of the transport company to Good Is Good Motors on Monday shut down official and commercial activities in Asaba, the state capital over the non payment of their eight months salaries and entitlements. Coming under the auspices of Amalgamated Union of Public Corporations, Civil Service Technical and Recreation Services Employees (AUPCTRE), the workers besieged the company's head office along the Asaba-Onitsha express way as early as 8:00 am, locking the company's gate. Some of the placards bore by the protesters read in part: "Okowa You Are Inhuman, Pay Us Our Eight Months Salaries,", "Okowa Pay Us Our Gratuities, Pay Us Our Entit...
PTI To Play Critical Role In Implementation Of New National Gas Policy – Kachikwu

PTI To Play Critical Role In Implementation Of New National Gas Policy – Kachikwu

BUSINESS, NEWS
  The Minister for state Petroleum, Dr. Ibe Emmanuel Kachikwu has said that Petroleum Training Institute would play a critical role in the implementation of the new National Gas Policy of the President Muhammadu Buhari-led administration. Speaking during the 20th convocation ceremony of the Institution held at PTI conference Centre Effurun, Delta State at the weekend, Kachikwu said that PTI would compliment ongoing Federal Government efforts to implement the country's gas policy in terms of training and development of local human capital. The Minister who was represented by Dr. (Mrs) Shade Yemi-Esan, said the successful implementation of the new National Gas Policy would lead to the harnessing of Nigeria’s vast gas resources and commercialization of gas flares for economi
FG Grants 3-year Tax Relief To TStv

FG Grants 3-year Tax Relief To TStv

BUSINESS
The Federal Government has granted a 3-year tax relief to the newly inaugurated Pay TV operator in the country, TStv Africa, as well as tax-freeTSTV dividends to all investors in the company. The Minister of Information and Culture, Alhaji Lai Mohammed, announced this on Sunday night in Abuja at a dinner to mark the official unveiling of the new company. The News Agency of Nigeria (NAN) reports TStv Africa is a wholly owned Nigerian Pay TV operator with refined offerings of novel Unclassified Pay Per View subscription and complimentary internet services. Mohammed, who performed the official unveiling of the new company and its products, said the tax reliefs were in line with the Pioneer Status recently granted to the Creative Industry by the federal government. The minister...
Otuaro Tasks SPDC On Full Operations In Delta

Otuaro Tasks SPDC On Full Operations In Delta

BUSINESS, NIGER DELTA
From Bulou Kosin Deputy Governor of Delta State, Barr. (Deacon) Kingsley Burutu Otuaro, weekend assured the Shell Petroleum Development Company (SPDC) and other investors in the state of an investor-friendly environment. Speaking in Warri, at the 2017 Swamp West Hub Integrated Stakeholders Engagement Forum for Ogunnu, Iduwini Delta and Ojobo cluster communities’ leadership and SPDC, Otuaro emphasised that peace was key to the actualisation of the SMART agenda put in place by Senator (Dr.) Ifeanyi Okowa, Governor of Delta State. Otuaro, who chairs the Delta State Advocacy Committee Against Oil Facility Vandalism said Governor Okowa had set up additional bodies such as the Delta State Peace Building and Advisory Council, Delta State Waterways and Land Security among others to pu
Dangote To Americans: Don’t Rely On Outdated News On Africa; Things Have Changed

Dangote To Americans: Don’t Rely On Outdated News On Africa; Things Have Changed

BUSINESS
  Nigerian business leader Aliko Dangote has told Americans who tend to rely on outdated news and wrong perceptions of Africa; "Don't be lazy. Go there and find the real story for yourself. Things have changed." He spoke at the sideline meeting of the UN General Assembly in New York at the headquarters of global law firm Shearman and Sterling LLC, high level business leaders and international diplomats invited by the Corporate Council for Africa. Dangote, who joined Rwandan president Paul Kagame to openly converse on Africa's opportunities and challenges, during the session, underscored the ongoing movement to diversify African economies,saying that with agriculture, Africa will become the food basket of the world. In the case of Nigeria, Africa's largest economy, Dangote sta
Dangote Appeals To Public To Report Unscrupulous Drivers, Set Up Hotlines

Dangote Appeals To Public To Report Unscrupulous Drivers, Set Up Hotlines

BUSINESS
The Management of Dangote Industries Limited has launched a passionate appeal to members of the public to assist in monitoring both the recklessness and the illegal haulage of contraband goods by some of his truck drivers. The company has also set up hotlines for the public to call in and report such truck drivers, with a promise to appropriately compensate calls that lead to arrest of errant drivers. Noting that the trucks belonging to Dangote Cement are only allowed to carry cement, high grade gypsum and coal, those belonging to Dangote Sugar (NASCON) are authorized to carry only salt and Dan Q seasoning. Press release from the company also revealed that trucks belonging to Agro Sacks, the bags producing arm of Dangote Group, can only carry bags, belonging to Dangote flour M...
Delta Line: Delta Govt Signs Controversial N161m MoU With God Is Good Motors

Delta Line: Delta Govt Signs Controversial N161m MoU With God Is Good Motors

BUSINESS, NEWS
The Delta State Government on Tuesday signed a Memorandum of Understanding with God is Good Motors Limited to manage Delta Transport Company Limited, even as controversy continue to surrounds the N161m deal. BigPen Online recalls that concerns have been raised about the partial sale of the transport company from many quarters in the state. The MOU was signed on behalf of Delta state Government by the Attorney-General and Commissioner for Justice in the state, Barr. Peter Mrakpor and Mr Chidi Ajaere signed on behalf of God is Good Motors Limited, company. Governor Ifeanyi Okowa, who witnessed the signing ceremony, however expressed confidence that Deltans will have better benefits from the partnership. Speaking shortly after the MoU was signed yesterday at Government House, ...
Okowa Begins Privatization Process For Failed Oghara IPP

Okowa Begins Privatization Process For Failed Oghara IPP

BUSINESS, NEWS
  Mr. David Edevbie conducting Access Bank Officials round the IPP project in Oghara on Monday Governor Ifeanyi Okowa of Delta state appears to have started the privatization process for the multi-million naira failed Independent Power Project, IPP, located in Oghara. This followed the inspection of the project by Chairman of the State Privatization Committee, and Commissioner for Finance, Mr. David Edevbie who also midwifed the recent controversial partial sale of Delta Line Transport Services Limited. BigPen Online learnt that Edevbie led Access Bank officials who may likely invest on the project on the facility tour of the failed project which had gulped over N53billion naira, excluding payment of land acquisition, insurance among others. Recall that Governor Oko...
Buhari Inaugurates N30bn Olam Poultry, Feed Mill Project Started By El-Rufai In 2016

Buhari Inaugurates N30bn Olam Poultry, Feed Mill Project Started By El-Rufai In 2016

BUSINESS, NEWS
The N30 billion Integrated Feed Mill, Hatchery and Breeder Farm in Kaduna which Governor Nasiru El-Rufai on April 10, 2016 laid its foundation has been inaugurated by President Muhammadu Buhari.  The project is adjudged the biggest of its kind in Sub-Sahara Africa. The project investors, Middle East Olam International Business Head, Mr. Vinod Kumar Mishra, had earlier said that when inaugurated, the multi-million dollar investment would utilise around 180,000 tonnes of corn and 75,000 tonnes of soya beans for its feed production. Mishra said the company had the capacity to produce 360,000 tonnes of animal feeds every year. He said the company would also produce 1.6 million day-old-chick every week. He said that it would boost the production of maize and soybeans as well