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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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NIPCO acquires majority shares in Abuja Sheraton



NIPCO Outlet 


By Favour Ajibade


 Independent Petroleum Company ( NIPCO) Plc has announced the acquisition of a majority shares in Capital Hotels, which is the former owner of Abuja Sheraton Hotel. 

22 Hospitality Limited,a, NIPCO Plc, has announced the deal in a statement.

The company explained that the deal is part of the concerted efforts of the integrated downstream operator to diversify into the nation’s hospitality industry

Alhaji Aminu Abdulkadir, a Group Executive Director of NIPCO Plc, said  that the new investors are now desirous to restore the hotel to its former glory and to reposition it as the first-choice luxury hotel in Abuja.

The hotel is currently managed by Starwood / Marriott under various system license Agreements with CHP.

Sheraton Hotel, Abuja

Starwood had in the past acknowledged in various reports that the hotel was ‘in a very degraded state and will require hard renovations’ to make it brand compliant. However, despite the hotel’s poor condition and non-compliance with its brand standards, Marriot/Starwood has continued to manage the Sheraton Abuja Hotel which is now in a dilapidated and deplorable state.

A statement signed Lawal Taofeek,Assistant General Manager,Corporate Affairs
NIPCO Plc,said the new investors are keen to turn around the fortunes of the hotel through the injection of substantial new capital under certain preconditions.

He said,as part of the new investors commitment to manpower development in the hospitality industry, it is keen to establish a ‘Hospitality Academy’ in Nigeria in collaboration with the Federal Government to train the Nigerian youths in the various hospitality skill sets.

He added:”This initiative is borne out of the current global shortage of trained and experienced hospitality manpower. Indeed, the statistics show that there are currently more than one million job vacancies in housekeeping, waiters, chefs, security, IT and maintenance.

The CHP Hospitality Academy will not only train Nigerians for local employment but will also equip them with the requisite expertise to seek overseas placements to fill the large volume of vacancies in other parts of the world, thereby becoming a veritable recourse in the quest to abate unemployment in Nigeria.

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