New CBN DGs, MPC members assume duty

Following the Senate’s clearance, the two newly appointed Deputy Governors of the Central Bank of Nigeria (CBN), Mrs. Aisha Ahmad, and Mr. Edward Lametek Adamu, formally assumed duty yesterday.

Also, the trio of Prof. Adeola Festus Adenikinju, Dr. Robert Asogwa and Dr. Aliyu Rafindadi Sanusi were also at the CBN to formally commence their tenure as members of the Monetary Policy Committee (MPC) of the bank.

Welcoming the new Deputy Governors and members of the MPC to the bank, its Governor, Godwin Emefiele, prior to their taking the Oaths of Office, congratulated them on their respective appointments by the President and subsequent confirmation by the Senate.

Emefiele, joined by Mr. Adebayo Adelabu and Dr. Joseph Okwu Nnanna, the Deputy Governors in charge of Operations and Financial System Stability (FSS), respectively, expressed gladness that the bank now had a full complement of Deputy Governors to enable it operate optimally as well as the required quorum to enable the MPC…

[

Nigerian, Austrian firms to make vehicles run on gas

’Femi Asu

Powergas Nigeria has struck a partnership with an Austrian clean tech company, ETEFA, to facilitate the conversion of city buses and trucks in Lagos and the Niger Delta to run on natural gas, as part of efforts to reduce gas flaring in the country.

The companies announced the alliance during a briefing on flare gas recovery in Nigeria organised with the support by the Austrian Development Agency and the Commercial Section of the Austrian Embassy in Nigeria.

They said gas flare monetisation projects could potentially save Nigeria over $2.5bn per year by reducing fuel costs in the transportation and power generation sectors by over 30 per cent.

According to a statement, Powergas will provide the necessary infrastructure for the CNG supply and ETEFA will supply gas engines and associated technology.

“Eventually, ETEFA intends to locally manufacture gas-fired buses, trucks and engines in Nigeria with its Nigerian partners,” it said.

The Managing Director, Powergas…

[

Saraki calls for review of Nigeria’s tax laws

The President of the Senate, Dr Abubakar Bukola Saraki, has called for the urgent review of the nation’s tax laws, to achieve a more efficient and productive tax regime. Saraki gave the advice on Wednesday while inaugurating the Technical Committee on Reforming Nigeria’s Tax System at the National Assembly, Abuja. He said the Federal Government’s …

[

Dogara congratulates Tinubu at 66

The Speaker of House of Representatives, Mr Yakubu Dogara, has congratulated Asiwaju Bola Ahmed Tinubu, National Leader of All Progressives Congress (APC) as he clocks 66 years. In a congratulatory message on Wednesday in Abuja, Dogara commended Tinubu over what he described as “relentless commitment and sacrifice for democracy and track records of service, mentoring …

[

IPOB: Court orders Abaribe, others to produce Nnamdi Kanu

The Federal High Court, Abuja, on Wednesday, adjourned until June 26 to enable Sen. Enyinaya Abaribe (PDP, Abia) and two others to produce the leader of the proscribed Indigenous People of Biafra (IPOB) Nnamdi Kanu in court. Abaribe, Immanuel El-Shalom, a Jewish Chief High Priest, and Tochukwu Uchendu, a Chartered Accountant, who stood surety for …

[