Senate Wades into FG's N1.6 Trillion Debt to Egbin, Industry's FX Crunch, Gas Supply Constraints, Others TCN indicts police, as FG spends N8.8bn to repair 128 vandalised power towers
Peter Uzoho
As part of its ongoing review of the performance of privatised
government assets, including power companies, the Senate yesterday promised to take necessary legislative steps to
resolve the N1.6 trillion debt owed Egbin Power Plc by the federal government. That was as it emerged that
the federal government had spent about N8.8 billion to repair and put into functional use 128 transmission towers vandalised
across the country from January 2024 till date. Transmission Company of Nigeria (TCN) said the Nigeria
Police aided and abetted suspected vandals, who made away with Continued on page 9
House Approves MTEF, Pegs Exchange Rate at N1,400/$, Oil Benchmark $75... Page 9
Thursday 28 November, 2024 Vol 29. No 10826. Price: N400
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Major Marketers Suspend Petrol Import, Now Source from Dangote Refinery Lifted 148m litres from refinery in 10 weeks
Peter Uzoho
Major Energies Marketers Association of Nigeria (MEMAN)
says its members have of late relied on Dangote refinery for petrol supply, though they have licences to import the
product. Chief Executive Officer of MEMAN, Mr. Clement Isong, disclosed this yesterday, during a quarterly webinar organised by the
association for energy reporters. Isong stated that MEMAN members sourced a total of 148 million litres of petrol from the
$20 billion Lagos-based Dangote refinery between September 16 and November 24, 2024, averaging two million litres daily over 10
weeks. Currently, the major marketers, Continued on page 9
Senate in Rowdy Session Over Landmark Tax Reform Bills
Adedeji, Yakubu, Oyedele explain fiscal policy, seek support
Sunday Aborisade in Abuja The Senate was thrown into a rowdy session yesterday following the decision of its leadership to admit the federal government’s team driving the landmark tax reform bills with tax breaks for the poor and vulnerable, into the red chamber. Trouble started when Leader of the Senate, Opeyemi Bamidele, announced that there were visitors who would be coming to the chamber to brief the legislators on the proposed tax reform bills. Bamidele, at the session presided by Deputy Senate President, Jibrin Barau, invoked Order 12 (1) to suspend the senate rules, and seek permission for the guests to enter the chamber and address the senators. The visitors included Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji; Director General of the Budget Office, Tanimu Yakubu; and ChairContinued on page 9
AT ECOBANK DESIGN AND BUILD EXPO 2...
L-R: Executive Director, Commercial Banking, Ecobank Nigeria, Kola Adeleke; former President, Chief Olusegun Obasanjo GCFR; Managing Director/Regional Executive, Ecobank Nigeria, Bolaji Lawal; Head, SMEs, Partnerships and Collaboration, OmoboyeOdu; acting Head, Corporate Banking, Segun Anjorin; and Head, PHOTO: SUNDAY ADIGUN Consumer Banking, Adeola Ogunyemi, at day one of the Ecobank Design and Build Expo held in Lagos....yesterday
Alleged N110bn Fraud: Court Decides Bello's Bail Request December 10... Page 10 Welcome to a growth-centric partnership, unparalleled and well-suited to Shape Your Future.
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