Traders in South East have raised alarm over alleged seizure of their imported goods worth millions of naira by the authorities and handling agencies at the nation's ports. The traders under the agies of South East Amalgamated Markets Traders Association (S.E.A.M.A.T.A.) appealed to...
...As CBN devalues naira again to meet Nigeria's multiple exchange rates By: Rachael Bassey On Tuesday, the Central Bank of Nigeria adjusted the value of the naira to exchange to the dollar rate at N381, this is a measure taken...
The Minister of Mines and Steel Development, Olamilekan Adegbite, on Monday, said about $1.45 billion which is about N522 billion facility has been secured for the resuscitation of the Ajaokuta Steel Company and the National Iron Ore Mining Company (NIOMCO) projects. Adegbite, who...
Following the recent increase in the price of Premium Motor Spirit (PMS) also known as petrol, the Independent Petroleum Marketers Association of Nigeria (IPMAN), South West chapter, has threatened to stop loading petroleum products in all depots within the region in protest. The...
The Federal Government has increase the pump price of Premium Motor Spirit otherwise known as petrol. The Petroleum Products Pricing Regulatory Agency announced the new price band of N140.80 to N143.80 per litre of the product. In a circular to...
The planned hike in electricity tariffs which was to take effect from Wednesday 1 July 2020 has been put on hold till the first quarter of next year. The leadership of the National Assembly on Monday waded into the controversy on the planned...
The Host Communities of Nigeria Producing Oil and Gas (HOSCON) has called on the federal government to ensure Anambra state received all its benefits as an oil producing state in the country. National President of the body, Dr Mike Emuh made the call...
Anambra state Governor, Willie Obiano has ordered the suspension of his earlier directive to close Eke Awka market for violating Anambra state Covid-19 law. This is in keeping to his promise of opening the market after two weeks closure. A...
… about 47% have no access to electricity The Nigeria's Power Sector Recovery Operation (PSRO) received the World Bank $750 million credit facilities in the International Development Association (IDA) The bank's Board of Directors gave the approval “to improve the...
Authorities of Onitsha main market and Marine modern market in Anambra state have warned traders and customers to always wear their facemasks or risk arrest and penalty. Chairman of Onitsha main market, Hon. Kenneth Onyeka gave the warning on Monday while addressing newsmen...
By karen James Iwuchukwu The chairman of Importers Association Of Nigeria(IMAN) Anambra State chapter Mr. Emeka Ojukwu has bemoaned the imposition of multiple levies on members of the association by illegal revenue agents operating in the state under the pretence of working for...
In line with its inter-agency collaboration, the Nigerian Communications Commission (NCC) has signed a Memorandum of Understanding (MoU) with the Federal Inland Revenue Service (FIRS) to ensure the tax agency ascertain accuracy and completeness of value added tax (VAT) elements and other taxes payable in the...
Smuggled items worth over N253million were intercepted by the Nigeria Customs Service (NCS)​, Kebbi State Command over the last three months. This was disclosed by the Kebbi Customs Area Controller, Comptroller Yusuf Garba, at a media briefing at the Command headquarters in Birnin...
Major markets in Anambra state have procured Infrared Thermometer to read the temperature of both traders and customers at the entry point of the markets targeted at curbing the spread of coronavirus pandemic disease. In some of the markets, health workers recruited by...
The Ondo State Government says that a truck assembly firm, Dongfeng Trucks has begun skeletal operation at the Ondo Industrial hub. Dongfeng Trucks is one of the investors in the Ondo-Linyi Industrial Hub in Ore. Odigbo Local Government area of the state,
The Federal Government has inaugurated a Joint Task Force on Free Movement of Foods and Agricultural produce to assist in the free movement of food and farm products in State especially at this period of Covid-19 pandemic. The Joint Task is saddled with...
…say they lost over N12bn to lockdown Association of Luxury Bus Owners of Nigeria (ALBON) has called on the federal government through the ministry of transportation to assist her with loan facility and other palliative interventions to sustain the business after Coronavirus pandemic.
...GOTEL Communication restructures. It needs to be restated that we shall, as a responsible organisation, discharge every obligation to the laid off staff and any other staff that may be involved in the rationalisation exercise BY: Emma Couson
JOHANNESBURG, South Africa, The African Development Bank (www.AfDB.org) and SA Taxi Development Finance Proprietary Limited, a wholly owned subsidiary of SA Taxi Holdings Proprietary Limited (“SA Taxi”), have signed a $100 million loan agreement to support the firm’s growing strategy to empower...
LOME, Togo, AUDA-NEPAD (www.NEPAD.org) Chief Executive Officer Dr. Ibrahim Assane Mayaki and Ecobank Group (www.Ecobank.com) Chief Executive Officer Mr Ade Ayeyemi have agreed to collaborate on a continental initiative to support African Micro and Small-Medium Enterprises (MSMEs) as they face the economic and social...
ABIDJAN, Ivory Coast, Momou Dembélé, 30, is a qualified electrician. Married with two children, she left her hometown of Kimparana, where she trained, for Ségou in central Mali. With her husband's support, she landed her first job with Moulin...
ACCRA, Ghana, Nestlé (www.Nestle.com) has signed a Memorandum of Understanding with IDH Sustainable Trade Initiative (www.IDHSustainableTrade.com), as part of the Grown Sustainably in Africa (GSA) programme. The three-year partnership aims to support 25,000 farmers and 50 Small and Medium Enterprises (SMEs), as...
Google is opening its online shopping service to merchants free of charge as it competes with Amazon in precious e-commerce and digital ads. Merchants in the US will be able to use Google Shopping for free to proffer their wares by the end...
JOHANNESBURG, South Africa, More than 700 million Africans lack access to a bank or mobile money account and only 41% of Africans are financially included. This is due to the high cost of providing financial services in Africa which forces many financial services providers...
JOHANNESBURG, South Africa, The South Africa-China Economic and Trade Association (SACETA) and Africa Oil & Power (AOP) have entered a new partnership that will introduce Chinese technology, finance and know-how to a range of African projects, and build critical new commercial links within...
The popular Iddo market in the mainland part of Lagos State has adopted the no mask, no trading policy as measure to contain the spread of the novel coronavirus.   Watch video
His Excellency Dr Mmaduaburochukwu Obiano, the Anambra State governor has issued a fresh directive, cancelling the closure of all food markets and relocating it to other spaces. A press release by the state government had earlier on Monday announced that from Tuesday, food...
Pandemonium at the Oregbeni market in the Ikpoba-Okha Local Government Area of Edo State on Thursday as residents pounced on sellers of garri in the market. They beat and forced them to reduce the cost of garri which had been increased by over one hundred per cent above the normal...
Following the reduction of pump price of petrol from N125 per litre to N123.50 per litre, the Independent Petroleum Marketers Association in Kano State has directed its members to ignore the directive on new price and sell the product at N125 per litre until their old stocks are exhausted.
Nigerian Electricity Regulatory Commission (NERC) Tuesday said there will be no increase in electricity tariff for end-use customers until July. NERC had in a December 2019 Minor Review of Multi-Year Tariff Order 2015 and Minimum Remittance Order for the Year 2020 disclosed that it would increase tariff...