Quest for the Truth and Justice

Archive for ‘June, 2016’

Nigeria’s cost of oil production is world’s 3rd most expensive – Report

Nigeria’s cost of oil production is world’s 3rd most expensive – Report

Nigeria is now the third most expensive country to produce oil in the world with a production cost per barrel of crude oil put at $28.99. According to Wall Street Journal’s (WJS) survey of 12 notable oil producers, Nigeria stands behind the United Kingdom (UK) and Brazil in the production cost analysis. Both countries produce […]

Shell spends N39bn on social investment in Nigeria

Shell spends N39bn on social investment in Nigeria

The Managing Director, Shell Group of Companies in Nigeria, Osagie Okunbor, yesterday said that the group spent about $195.5 million (N39 billion) on social investments in the country in 2015. Mr. Okunbor, who is also Shell Country Chair, made the disclosure in an interactive session with newsmen in Lagos. He said the amount made Nigeria […]

Ramadan: Kwara eateries suffer low patronage

Ramadan: Kwara eateries suffer low patronage

By Matthew Denis This is definitely not the best of time for major eateries in Ilorin, the Kwara State capital as they have continued to enjoy low patronage since the commencement of the holy month of Ramadan, Pilot Business can report. As Muslim fasting (Ramadan) enters the third week, the level of patronage of major […]

Oja-Tuntun Inferno: KWIRS to rebuild 72 shops in six weeks

Oja-Tuntun Inferno: KWIRS to rebuild 72 shops in six weeks

By Matthew Denis Respite seemed to have come the way of traders whose shops were gutted by fire at Baboko Market (Oja-Tuntun) last month as Kwara State Internal Revenue Service (KWIRS) has pledged to rebuild the burnt section in six weeks. It would be recalled that shop owners were left wailing as goods and property […]

CBN officially floats naira

CBN officially floats naira

The Central Bank of Nigeria, CBN, yesterday, declared that the exchange rate will henceforth be determined by the market. Speaking at a press conference in Abuja, CBN Governor, Godwin Emefiele noted that the apex bank would occasionally participate in the market, stressing that the 41 items banned last year from having access to forex for […]

Removal of Filling Stations: KWHA acting within ambit of law, says DPR

Removal of Filling Stations: KWHA acting within ambit of law, says DPR

By Matthew Denis The Department of Petroleum Resources (DPR) in Kwara State have stressed that the state House of Assembly is acting within the ambit of the law by ordering the removal of six filling stations in the state. Kwara State House of Assembly had on Tuesday instructed the state Town Planning and Development Authority […]

Kwara residents lament hike in Kerosene …sells for N195 per litre

Kwara residents lament hike in Kerosene  …sells for N195 per litre

By Matthew Denis Kwara State residents yesterday appealed to the Federal Government to urgently check the rising cost of Dual Purpose Kerosene (DPK) and Automobile Gasoline (AGO) better known as kerosene and diesel respectively. Findings by Pilot Business revealed that most filling stations located on Airport road, Asa Dam road, Ajase-Ipo road and Saw-mill area […]

36 states, LGs receive N2.8trn in Buhari’s first year

36 states, LGs receive N2.8trn in Buhari’s first year

The 36 states and the 774 local government councils in Nigeria have shared N2.8 trillion from the Federation Account in the one year of President Muhammadu Buhari’s administration. An exclusive report by the Economic Confidential, an intelligence economic magazine, disclosed that the total figure was payment made to the two tiers of government between June […]

Catfish sellers decry hike in feeds, scarcity

Catfish sellers decry hike in feeds, scarcity

By Matthew Denis Catfish sellers in Kwara State have decried hike in cost of fish feeds and scarcity of the specie  across the state. Pilot Business during a visit to some spots where catfish is sold observed that only a few people are still in the business. Some of the fish sellers who spoke to […]

Omu-Aran demands re-opening of commercial banks

Omu-Aran demands re-opening of commercial banks

By Matthew Denis The people of Omu-Aran in Irepodun Local Government Area of Kwara State have called on the state government and relevant authorities to ensure re-opening of commercial banks in the state. The commercial banks in the community were closed down over two years ago following incessant bank robberies, which led to death of […]