BUSINESS

Home BUSINESS Page 41
Business News; Tracks, records, analyzes, and interprets the businesseconomic and financial activities, and changes that take place in societies.

Minister Summons Stakeholders Over Nationwide Epileptic Power Supply, Vows To Improve Situation

0

The Minister of Power Engr. Abubakar D. Aliyu is holding an emergency meeting with all the stakeholders in the power sector to address the current low power generation which has caused epileptic power supply across the country. The minister warns that stakeholders must work together to make electricity more stable. The meeting held at the Conference Hall of the ministry...

BUA Chairman, Alhaji Abdulsamad Vows Not To Increase Products’ Price During Ramadan

0

The Chairman, BUA Group of Companies, Alhaji Abdulsamad Isyaku Rabiu, has promised Nigerians that the company will not increase the price of its products now or during the upcoming Ramadan period. BUA’s representative in the northern region, Alhaji Muhammadu Adakawa, disclosed this during a press briefing held in Kano to address the recent increase of prices of products by some...

Price Of Bread To Rise In Nigeria As Russian-Ukrainian Face Off Continues

0

The price of bread, one of the most commonly eaten staples in most Nigerian homes is set to rise if the current Russian-Ukrainian war persists. Russia is the world’s largest exporter of wheat, accounting for more than 18 per cent of international exports. The downside to the war is that if supply from Russia is distorted for whatever reason, Nigeria could...

300,000 N-Power Beneficiaries To Get CBN Loan — FG

0

The Federal Government, on Thursday, said that there was an exit programme for about300,000 N-Power beneficiaries to get loans from the Central Bank of Nigeria, CBN. The Minister of Human Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouk, made the revelation during the weekly ministerial media briefing organized by the Presidential Communications Team, at the Presidential Villa, Abuja. She...

NNPC Says It Rejected 5 Cargoes Containing Substandard Petrol

0

The Nigerian National Petroleum Company Limited, on Wednesday, disclosed how five cargoes containing ethanol-laden Premium Motor Spirit (petrol) were rejected after discovering that the first was substandard. The Group Managing Director of the NNPC, Melee Kyari, also disclosed that the company was filing damages against suppliers of the substandard PMS, while alleging that Duke Oil, one of the company’s subsidiaries,...

NNPC Apologises To Nigerians Over Pains Caused By Contaminated Fuel

0

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 t...

We Will Normalize Distribution Of PMS, Inject 2.1bn Liters By Month End – NNPC GMD

0

Group Managing Director, GMD of the Nigerian National Petroleum Corporation NNPC, Mr. Mele Kyari has said that distribution of Premium Motor Spirit, PMS, otherwise called petrol will normalize in the weeks ahead. The GMD also said that before the end of the month, about 2.1 billion liters of the product would have been injected into the system. Kyari gave the assurance...

FG Earmarks N2.55tr For Subsidy In Supplementary Budget

0

President Muhammadu Buhari has earmarked N2.55trillion for fuel subsidy in the 2022 Supplementary Appropriation Bill transmitted to the National Assembly for consideration and approval. The Federal Government had informed the subsidy regime will end in June 2022. Fuel queues appeared since last week across the nation over rising import costs of the product. READ ALSO: President Buhari Submits Supplementary Budget To NASS...

Fuel Sells For N400/litre In Abuja, Others, Scarcity Persists In Lagos

0

Residents of Abuja and neighbouring states of Niger and Nasarawa are still facing tough times sourcing for Premium Motor Spirit, popularly called petrol, with the commodity selling for as high as N400...

MTN Pays $253.86m Balance To NCC For 5G Licence

0

MTN Nigeria has paid the remaining $253.86 million to complete the $273.6 million fifth-generation (5G) licence fee to the Federal Government before the February 24 deadline, an industry source said on Thursday. MTN and Mafab Communications were allocated slots for the 3.5 gigahertz (GHz) spectrum dedicated to the deployment of the technology after emerging winners conducted by Nigerian Communications Commission...

Latest News

Popular News Now