Nigeria removes oil subsidy
Lagos - Xinhua
Nigeria\'s Petroleum Products Pricing Regulatory Agency (PPPRA) on Sunday announced the commencement of formal removal of subsidy on Premium Motor Spirit (PMS) in the West African country. The regulatory agency boss, Reginald Stanley, disclosed this in a statement issued to reporters, saying the agency\'s decision was in accordance with the powers conferred on the agency by the law establishing it, in compliance with Section 7 of PPPRA Act, 2004. The downstream sub-sector of the petroleum industry is hereby deregulated for PMS, the statement quoted him as saying. \"Service providers in the sector are now to procure products and sell same in accordance with the indicative benchmark price to be published forthnightly and posted on the PPPRA website, he added. The agency chief said petroleum products marketers are to note that no one will be paid subsidy on PMS discharges after Jan. 1, 2012.
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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