BUSINESS
Electricity Distribution Companies Announces Price Hike From July 1
Electricity Distribution Companies have stated that tariff will increase from July 1, 2023. In statements sent to respective consumers on Sunday night, the DisCos stated that the review was due to the fluctuation of the naira in the exchange rate market. This statements which were worded in similar fashion included that of Abuja DisCo, Eko DisCo and Ikeja Disco. “Effective July 1st...
Ikpeazu Trains Over 350 Youths, Women In Entrepreneurship, Doles Out N2.4 Million
No fewer than 400 youths and Women in Onitsha North and South of Anambra State have been trained in entrepreneurial skills to be employers of labour, attracted by Hon. Lynda Chuba Ikpeazu. The participants after the training on how to produce Bleach, Dettol, Izal, Liquid soap, Car wash, Shambo, Vasiline, Aftershave and insecticide received certificates and the sum of N60,000...
Ex-Gov Ikpeazu Expresses Happiness As AfDB Approves $115m Infrastructure Loan For Abia
The immediate past Governor of Abia State, Dr Okezie Ikpeazu has expressed deep delight at the final approval given by the Africa Development Bank (AfDB) Infrastructural Loan Facility for Abia State. Few days ago, the Board of Directors of the Bank gave final approval for the sum of 115 Million Dollars to support major infrastructural development projects across the commercial...
Abia Gets $115m AfDB Loan For Infrastructure, Erosion Control
The Board of Directors, African Development Bank (AfDB), has approved a loan of 115 million dollars to support a major road rehabilitation project in Abia State, Nigeria. This is contained in a statement issued by the Nigeria Country Department of the bank on Saturday in Abuja. It said the project would rehabilitate roads, improve erosion control infrastructure and prepare solid waste...
Gov. Otti Unveils Digital Tax Collection System For Transporters, Traders, It’ll Reduce Fraud
The Abia State Governor, Dr. Alex Otti on Monday launched a new digital tax system that would help the state eliminate fraud and intermediaries in revenue generation. The new system, which integrates free medical insurance schemes for all commercial vehicle drivers and riders of Keke and Okada, will see the state also maximise its revenue potential, the governor says. Chief Press...
Gov. Otti Sets Final Date For Migration Of Abia To Treasury Single Account
Abia State Governor, Dr. Alex Otti, has set a September 1, 2023 target to migrate the state into a Treasury Single Account (TSA), ABN TV reports. Dr. Otti said from that date all monies accruing to the State will be paid into a single account. Likewise, all payments by the state will be made through the same account. The Governor spoke...
POS Operators Announce New Service Charges, N20,000 Withdrawal Now Attracts N800 Fee
A group of Point of Sales operators in Nigeria have protested against the increased service charges in the country which took effect on Monday. The Association of Mobile Money and Bank Agents in Nigeria announced new service charges for operators in June. The association had said the increase in service charges was to ensure Point of Sale operators survive. With the implementation...
Marketers Adjust Pumps As Fuel Price Hits N617/litre
The pump price of Premium Motor Spirit, popularly called petrol, was raised from N537/litre to N617/litre at some filling stations operated by the Nigerian National Petroleum Company Limited in Abuja on Tuesday. Independent oil marketers confirmed the increase in the cost of the commodity, as they stated that any shift in price by NNPCL stations was an indication of a...
NNPCL Reveals Why Pump Price Increased To N617/litre
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, has attributed the rise in petrol pump prices in Nigeria to market forces. This follows a recent price increase from N540 to N617 per litre, which he said reflects the dynamics of a market-regulated pricing model. Addressing journalists after a closed-door meeting with Vice President Kashim...
Markets Forces At Play, NNPC Says After Increasing Fuel Pump Price To N617
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has attributed the increase in petrol pump price from N540 to N617 per litre to market forces. He spoke with State House reporters on Tuesday after a meeting with Vice President Kashim Shettima at the Presidential Villa Abuja. Kyari said the increase was not based...
