Business
Edo Community Kicks Over Relocation Of Aerodrome By Edo Govt

Okpella community in Etsako East Local Government Area of Edo State is poised for war with the State Government over alleged relocation of the proposed airport project in Edo North Senatorial district of the state.
The community spokesman, Chief Richard David, in a press conference on Sunday, stated that there was already a plan by BUA and Dangote to build an aerodrome in the area, calling on the state government to support the project instead of getting approval for another airport in Etsako West.
David stated that BUA and Dangote were planning to build the aerodrome in Okpella because of their huge investment in the area which has propelled development in the community
The community also expressed surprise that a letter from the Federal Mjinistry of Aviation dated 16/12/2021 with reference number FMA/ADD/402/5.42/C.9/12 conveying approval for an airport project, wrongly mentioned Okpella as being part of Etsako West Local Government Area.
He said they had expected something to be done to correct the anomalies by the FMA but unfortunately nothing was done.
He lamented that despite the immense contribution of Okpella to the economic sustenance of Edo, the community remains the most marginalized in infrastructural consideration.
He said, “It was a thing of joy to the people when the BUA group hinted that it had started the process of setting up an aerodrome in Okpella for which appropriate modalities of location of suitable site, soil tests and payment of compensation to crop owners had been completed.
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“We had expected the government to back this process instead of initiating a fresh move for another airport and erroneously mentioning Okpella as the site.
“We had also expected that the government will commit resources to set up auxiliary infrastructure like access road to and fro the aerodrome, supply of water, improved power supply and others.
“To our surprise, a letter from the federal ministry of Aviation dated 16/12/2021 with reference number FMA/ADD/402/5.42/C.9/12 conveying approval for an airport project, wrongly mentioned Okpella as being part of Etsako West Local Government Area.
“We had expected something to be done to correct this but nothing was done. This action of the FMA, the silence of the Etsako East Council and the body language of the State Government have angered our youths and generality of the community.
“We are sure that the same investors trying to build the airstrip will be used to source for funds for this proposed airport by the state government. But we demand that the investors be allowed to continue with the ongoing project in Okpella.
“We have been appealing to and pacifying our youths, who have been visibly restive and suspicious of government action on this project.
“But if the project is stopped and taken to another place, we cannot quaranteed the peaceful coexistence between the investors and the community unless Okpella ceases to be their host community.”
Business
Why We Sited Our Multi-Billion Naira Automobile Firm Branch in Benin – Skyewise Group CEO

Dr. Elvis Abuyere, Chief Executive Officer and Managing Director of Skyewise Group, an automobile firm, has explained the reason for establishing a branch of the company in Benin City, the Edo State capital, describing the ancient city as “a growing economy full of enormous potential for vibrant youth.”
He added that the company considers Edo State one of the most interesting states, noting that the decision aligns with its long-term vision.
Abuyere, who spoke in Benin on Monday while taking journalists on a tour of the new automobile facility, said:
“We started very small — from Abuja to Lagos and now Benin. It is a joy and privilege for us to have completed this amazing regional office with Skyewise Group.”
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According to him, beyond the automobile business, Skyewise Group is in Benin to invest in real estate, logistics, youth empowerment, and credit management. “Aand also to lend our support to what the Edo State Government is doing, knowing the fact that there is an agenda,” he added.
The young CEO urged youths in Nigeria, particularly those in Edo State, to embrace entrepreneurship, stressing that “we believe it is the future of Africa,” especially Nigeria.
He said Nigeria stands as the giant of Africa and that its youth must take bold steps in the entrepreneurship landscape.
According to Abuyere, to ensure Edo youths actualise their entrepreneurial potential, the company has prepared soft loans to help them start businesses, adding that Skyewise Group is not limited to automobile operations.
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He said: “More importantly to us is youth empowerment. We want our youth to be empowered, and this is where the Skyewise Foundation comes in.
“We believe the future of Africa is entrepreneurship, and that future lies in the hands of the young people of Nigeria. We want to empower them to stand the test of time, build something meaningful, and reduce unemployment and insecurity in our land.
“I believe we need to begin taking bold steps by refining the mindset of our young people. We need to give them a sense of belonging and direction.
“We have been addressing the liquidity gap in society by providing microloans to support businesses in our environment and in Benin City.”
When asked why he chose Benin City for the multi-billion naira automobile firm, Abuyere noted: “I think this is the first automobile showroom in Edo State where you can see a car lifted from the ground floor to the first floor and beyond.”
Business
JUST IN: Nigerian Filling Stations Reduce Fuel Price After Hike

Nigerian filling stations reduced their Premium Motor Spirit price on Saturday, barely 24 hours after the hike.
Checks by DAILY POST showed that Ranoil, Empire Energy, and other filling stations in Abuja adjusted their petrol pumps to N1,365 and N1,375 per litre respectively, down from N1,440 per litre on Friday.
This means that petroleum marketers dropped their fuel price by N65 and N75 per litre. DAILY POST reports that the move was to attract patronage from customers.
Recall that three days ago, Nigerian filling stations had raised their petrol pump price to between N1,365 and N1,440 nationwide after Dangote Refinery and depot owners increased ex-depot prices to around N1,275 and N1,290 per litre.
According to DAILY POST, while the Nigerian National Petroleum Company Limited and MRS Bovas filling stations raised their petrol price to around N1,365 per litre, others adjusted theirs above N1,440 per litre.
READ ALSO:Drivers Protest Fuel Increase, Raise Fares in Benin
However, with the latest fuel price reduction by Ranoil and Empire Energy, the majority of filling station outlets now dispense petrol between N1,365 and N1,375 per litre.
This development comes as the ripple effect of crude oil prices continues to impact Nigeria’s domestic fuel price.
Brent and West Texas Intermediate crude rose to $114 and $105 per barrel before dropping to $108 and $101 after the filing of this report.
Business
Dangote Refinery Hikes Petrol Price

Dangote Refinery has increased the ex-depot price of petrol by N75.
The refinery announced the increase on Wednesday, hiking the the price from N1,200 to N1,275 per litre.
In the same way, coastal prices have gone up to N1,215 per litre.
READ ALSO:Dangote Sugar Announces South New CEO
This adjustment amid Brent crude trading at $114.80 per barrel marks a 3.15% increase.
DAILY POST reports that Brent crude has increased to $115 per barrel, while West Texas Intermediate rose to $103 per barrel on Wednesday.
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