The Anambra State Markets Amalgamated Traders’ Association, ASMATA, Conflict Resolution Committee has urged faceless petition writers against the President General, PG, of ASMATA, Chief Hon. Humphrey Anuna, to turn a new leaf as their petition against the PG would not deter him from taking traders in the State to the next level. The committee led
Read moreBusiness
Pakistan Customs seizes Indian made goods at Torkham
TORKHAM: Pakistan customs appraisment officials on Friday have seized millions of rupees Indian made goods at Torkham border,officials said. Custom Superintendent Mujahid Khan and inspector Muhammad Ayaz Khan told media that acting on a tip-off they stopped two empty trucks(C-16199) and (E-7273) coming from Afghanistsn. He said they recovered 24320 pakcs of betels, 21400,48 kilograms
Read moreFG lied, Petrol subsidy is back – Marketers insist
Oil marketers have countered the position of the Federal Government, as they insisted that the current pump price of Premium Motor Spirit, (Petrol) should not be less than N800/litre if the product was not subsidized. The marketers made this claim on Tuesday. The Federal Government had through its Nigerian National Petroleum Company Limited denied reintroducing
Read moreDangote Group debunks claims of slash in cement price
Dangote Group has denied claims making the round of reducing the price of Cement to N2,700 per 50-kilogramme bag from N5,500. The Public Relations Officer (PRO) for Dangote Group Anthony Chiejine, Spokesperson for Dangote Group, disclosed this on Monday. Chiejine described the claim as fake news. His reaction comes amid speculation that the Dangote crashed
Read moreFG’s plan to introduce concrete roads will hike price of cement to N9000 – producers
The Cement Producers Association of Nigeria has warned that the ongoing plan of the federal government to introduce concrete roads will raise the price of cement to N9, 000 per bag from the current price of N5, 000. It also called on the current administration to permanently address the perennial cement price hike problem by
Read moreNigeria will generate 30,000 MW by 2030 – FG assures
The Nigeria Minister of Power, Bayo Adelabu says the Federal Government(FG) is working towards generating 20,000 megawatts of electricity by 2026 and 60,000MW by 2060. The minister disclosed this in Osogbo, Osun State capital during his visit to the National Control Centre of the Transmission Company of Nigeria on Friday. Adelabu revealed the short and
Read moreFuel Subsidy: FG allegedly paid N169.4bn in August, may pay N1.68trn in September
The Federal Government(FG) may spend about N1.68tn as subsidy on Premium Motor Spirit, popularly called petrol, from September to December this year, an analysis of data provided by oil marketers and the sector has shown. PMS dealers stated that the pump price of petrol should be between N890 to N900/litre based on the fall of
Read moreForex: Naira nose dives again
The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A week earlier, the naira exchanged to the dollar at 950/$. Bureau de Change operators attributed the fall to scarcity of foreign currency. “We bought and sold the naira today at 965/$ and 980/$. The dollar
Read moreDangote Petroleum Refinery importing crude, Group ED reveals
The Dangote Petroleum Refinery is currently importing crude oil and expects its first crude cargo in two weeks’ time, the Executive Director, Dangote Group, Devakumar Edwin, has revealed. Although the Nigerian National Petroleum Company Limited(NNPCL) trades crude oil on behalf of Nigeria, Edwin in an interview said the NNPCL had committed its crude to other entities.
Read moreCooking gas price may hit N18,000 if… – NALPGM
Gas retailers have warned that the price of 12.5kg cooking gas may hit N18,000 by December if the Federal Government(FG) does not restrict the activities of the terminal owners. The President, Nigerian Association of Liquefied Petroleum Gas Marketers(NALPGM) Olatunbosun Oladapo, said that the price of Liquefied Petroleum Gas also known as cooking gas has “gone
Read moreDISCOs set to begin distribution of prepaid meters under MAP program
Electricity distribution companies are set to resume distribution of prepaid meters under the Meter Assets Provides programme this week. This fact was revealed by the Head, Metering Team for Ikeja Electric, Morenikeji Amosun, at a virtual stakeholders’ forum. While giving an update on IE’s metering efforts to customers during the meeting, Amosun said a new
Read moreAnambra residents jubilate as EEDC restores power week after, apologizes
The Enugu Electricity Distribution Company PLC (EEDC) has fully restored power supply to its customers in parts of Anambra State. The areas were affected by the recent power outage caused by the fault at the Transmission Company of Nigeria (TCN) Station, Awada. Head, Corporate Communications, EEDC, Mr Emeka Ezeh, in a statement said the restoration
Read moreWe’re controlling over 50% subscriber population in Anambra – MTN
MTN Nigeria Communication PLC has reassured its commitment to providing quality and efficient service delivery to its numerous customers across the country. General Manager, Regional Operations, East, Callima Inino gave the assurance during the maiden Anambra Investment Summit 2023, powered by Anambra State Investment Promotion and Protection Agency (ANSIPPA), themed “Role of Corporate Governance in
Read moreWhy part of Southeast is in darkness – EEDC
The Enugu Electricity Distribution Company PLC (EEDC) has explained that the reason for the loss of supply currently being experienced in parts of its network is due to the strike action embarked on by the Nigerian Labour Congress (NLC), which resulted to the shutdown of the Transmission Company of Nigeria (TCN) Stations feeding its Injection
Read moreFirst China TIR consignment Marks History
TORKHAM: The first Transports Internationaux Routiers (TIR) shipment from China enterd Afghanistan via Torkham border on Thursday, officials said. Director Transit trade Custom Arbab Qaiselar Hameed told The News that two trucks loaded with approximately 40 tons of Chinese dry fruits reached to Torkham border. He said it was the first ever Chinese consignment through
Read more