Category: Business
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New petrol pump price targeted at impoverishing the poor — Labour
The Nigeria Labour Congress and Trade Union Congress have rejected the Federal Government’s increase in the pump price of fuel. President of NLC, Comrade Ayuba Wabba made this known while addressing Journalists in Abuja,Thursday. Wabba said, the increase in the price of petrol in the last three months as well as the hike in electricity…
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New electricity bill takes effect September 1, NERC insists
The Nigerian Electricity Regulatory Commission has approved an increase in electricity tariff with effect from September 1, 2020 (today). This comes three months after the tariff hike implementation slated for July 1 was halted by the National Assembly, which prevailed on the distribution companies to shelve the date to the first quarter of 2021 due…
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Igbos owe Buhari gratitude over Enugu Airport renovation, Orji Kalu
Former Governor of Abia State and Chief Whip of the Senate, Senator Orji Kalu has applauded President Muhammadu Buhari for the successful reconstruction and re-opening of Akanu Ibiam International Airport (AIIA), Enugu. Kalu stressed that President Buhari is committed to infrastructure development across the country, adding that the landmark projects being executed in the South…
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Ogah: We can’t allow miners cheat host communities
The Minister for Mines and Steel Development (State) Dr. Uchechukwu Sampson Ogah on Friday, assured that no miner will be allowed to cheat any host communities in whatever way. This is even as he also urged members of local communities to always cooperate with miners in their localities and avoid the temptation to shut mining…
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Mining sector repositioned to create employment, improve IGR — Says Ogah
Minister of States for Mines and Steel Development, Uche Ogah has again emphasized that the sector is being repositioned to be alternative to oil. She added that the mining sector will in no distant time be an alternative to oil and improve the country’s internally generated revenue (IGR). He made this known in Abuja on…
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Udom Emmanuel, APC fight over unemployment rate
All Progressives Congress (APC) has asked Akwa Ibom State government to effectively deal with the unproportionally high rate of unemployment and underemployment based on the 2020 report by the National Bureau of Statistics (NBC) NBC in the said report had rated Akwa Ibom with the second highest unemployment rate in the country at 45.2%, translating…
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Yinka Ayefele’s Fresh FM comes live in Ado-Ekiti
Wife of Ekiti Governor Mrs. Bisi Adeleye-Fayemi, has promised that the state government would continue to partner and cooperate with the media in the discharge of their duties for the benefit of the society. The governor’s wife said this in Ado-Ekiti on Friday during the official inauguration of Fresh 106.9 FM, a private radio station…
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Adegbite hails Buhari’s employment generation drive
The Minister of Mines and Steel Development Arc Olamilekan Adegbite has commended efforts being put in place by President Muhammadu Buhari to create employment through gold value chain. The Minister who is making one year in office said this on Monday while taking stock of the achievements of his office in the past 12 months.…
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CBN to unify exchange rates, pegs naira at 379/$
The Central Bank of Nigeria on Saturday officially changed the exchange rate of the naira to the dollar from N361 to N379 on its website. The apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted. It was however yet to announce if this would be…
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IPMAN pegs petroleum price at N150 per litre
MEMBERS of the Independent Petroleum Marketers’ Association of Nigeria (IPMAN) have been directed to sell a litre of petrol at N150. The directive followed Federal Government’s approval of N138.62 as the ex-depot price for a litre. But, The Nation learnt that despite the ceiling, Private Depot Owners (PDO) sell the product to dealers for N139…