Category: Business
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FG Begins Review Of Minimum Wage
The National Salaries Incomes and Wages Commission says it has initiated process for the review of the National Minimum Wage. NSIWC’s Head of Public Affairs, Mr Emmanuel Njoku, said this in a statement on Sunday in Abuja. Njoku said as part of the process to review the minimum wage, which would be due in 2024,…
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NNPC Apologises To Nigerians Over Pains Caused By Contaminated Fuel
Nigerian National Petroleum Company Limited has said it regrets the hardships it caused Nigerians by the importation of off-spec Premium Motor Spirit, known as petrol. The Group Managing Director of the NNPC, Mele Kyari, while appearing before the House of Representatives in Abuja on Wednesday, said the struggles for fuel would end by next week,…
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Oil Wasn’t Developed With Money From Cocoa, Says Bayelsa Governor
Bayelsa State Governor Duoye Diri has explained that oil wasn’t developed in Nigeria by money made from cocoa farming but money invested by international oil companies. The governor, on Thursday, during an interview on Channels Television breakfast programme, Sunrise Daily said many Nigerian leaders wrongly spread the notion that cocoa money was invested into…
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We Sealed IBEDC Over Tax Default, Oyo Govt Explains
The Oyo State Board of Internal Revenue has explained that it sealed offices of the Ibadan Electricity Distribution Company over a tax default in excess of N400m. In a statement by the revenue board on Wednesday, its Chairman, Femi Awakan, said that the state government duly obtained a distraining order of the Oyo State…
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Adulterated Petroleum Product Has Been Phased Out Of Circulation —Marketers
Petroleum marketers have explained that the long fuel queues, which recently surfaced in Lagos, Abuja, and some parts of the country are caused by the distribution of some adulterated products which has now been removed from the market. President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo, who disclosed this Wednesday,…
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EZEKWESILI ELECTED INTO BOARD OF TOP BRAZILIAN BUSINESS SCHOOL
Former Vice President, World Bank, Africa Region, Dr. Obiageli Ezekwesili, has been elected as a member of Fundação Dom CabralBoard of Trustees, to help FDC consolidate its objectives. Oby Ezekwesili, an economics policy expert, joined the FDC board as the newest member. The founder and Global Chief Executive Officer of Stefanini, Marco Stefanini, as well…
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Uzodinma to reward ‘deserving’ Imo journalists
Imo State governor, Sen. Hope Uzodinma says his administration will, in the coming year, float awards for serving and deserving media practitioners in the state. The state Commissioner for Information and Strategy, Chief Mbadiwe Emelumba, disclosed this weekend while speaking at the first-anniversary celebration of Ozisa 96.1 FM, in Owerri, Vanguard reports. “Senator Hope Uzodimma…
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Aviation minister takes delivery of 3 aircraft for NCAT
The Minister of Aviation, Hadi Sirika, has received the first batch of three training aircraft for the Nigeria College of Aviation Technology, Zaria, Kaduna State. Sirika, who disclosed this on his Twitter handle on Sunday, added that there was no better aviation safety than having well trained and proficient aviators. According to him, training will…
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#EndSARS: We lost N2bn — Abuja traders, NGO
Members of the Manufacturers Association of Nigeria (MAN) in the Federal Capital Territory (FCT), those of Apo Mechanic Traders Association and a non-government organisation (NGO), Shelter Initiative for African Women, have claim that they lost about N2.5 billion when hoodlums looted and vandalised their properties during and after the #EndSARS protests in Abuja. They made…
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Okonjo-Iweala: WTO shifts meeting to pick new DG
The World Trade Organisation has postponed a meeting where members are expected to pick a new Director-General after the United States blocked the favoured candidate, Ngozi Okonjo-Iweala. The WTO earlier announced that the meeting would hold next week. But a communication seen by AFP showed that the meeting has been postponed indefinitely. “It has come…