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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Fed Govt-NSIA: You are no longer an investor in national carrier



Favour Ajibade


The Federal Government has taken the Nigerian Sovereign Investment Authority (NSIA) out of the list of investors for the nation’s national carrier,the Nigerian Air.

The Ministry of Aviation, in a statement signed by its  James Odaudu, Special Assistant (Public Affairs), James Odaudu, admitted that it included the Nigerian Sovereign Investment Authority (NSIA) as one of the investors in the nation’s national carrier, in great error.

He noted that the NSIA was not mentioned in Minister of Aviation Senator Hadi Sirika’s presentation, but only in the general brief given to the media, stressing that it was an error made during its preparation.

According to him,the equity ownership structure of Nigeria Air stands as : Ethiopian Airlines 49%, Nigerian private investors (SAHCO, MRS and other institutional investors) 46% and the Federal Government 5%.

The statement titled, ‘Error of Inclusion of NSIA as an Investor in Nigeria Air’ reads:
Error of Inclusion of NSIA as an Investor in Nigeria Air.

“Our attention has been drawn to the inadvertent inclusion of the Nigerian Sovereign Investment Authority (NSIA) as part of the private investors in the Nigeria Air project. We wish to clarify that the Authority is not involved, in any way, as part of the private equity ownership of the airline, being a government establishment.

“It should be noted that the NSIA was not mentioned in Honourable Minister’s presentation, but only in the general brief given to the media, an error made during its preparation.

“For the avoidance of doubt, the equity ownership structure of Nigeria Air stands as : Ethiopian Airlines 49%, Nigerian private investors (SAHCO, MRS and other institutional investors) 46% and the Federal Government 5%.The public, especially the business community and the media should please take note”.


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