Category: Business
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Fuel Scarcity: Ondo Govt Intervenes, As Marketers Assure Of Improved Supply
Today, the office of the Special Adviser on Special Duties and Strategy in conjunction with the Ministry of Energy and Mineral Resources rounded off meetings that commenced on Monday, April 29 with the leadership of Independent and Major Petroleum Marketers in Ondo State. The State Governor, Hon. Lucky Orimisan Aiyedatiwa, had directed an immediate intervention…
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Court stops Dstv, Gotv from increasing subscription prices
A Federal High Court in Abuja has issued an order to halt the planned increase in subscription prices by Multichoice Nigeria Limited, the operator of DStv and GOtv. The court’s decision comes in response to Multichoice’s announcement of a forthcoming price increment across its DStv and GOtv packages, set to take effect from May 1,…
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Multichoice Announces New Price List for DSTV, GOTV Users
By Miracle Ogunde The management of MultiChoice, the owner of DSTV and GOTV has released new price list for subscriptions of their satellite televisions. The new price list was contained in a mail forwarded to DSTV and GOTV subscribers, signed by John Ugbe, MultiChoice Chief Executive Officer, on Wednesday 24th April, 2024. According to the…
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Dangote crashes diesel price
Dangote Petroleum refinery has announced a further reduction in the price of diesel from N1,200 to N1,000 per litre While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per litre.…
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Pioneer Managing Director of Access Bank, Aig-Imoukhede, returns as Chairman
The pioneer Managing Director of the Access Bank Group, Aigboje Aig-Imoukhede, has been appointed as the chairman of Access Holdings. According to a statement from the financial institution filed with the Nigerian Exchange Limited on Wednesday, Aig- Imoukhuede will replace Mr. Abubakar Jimoh, the erstwhile Chairman of the HoldCo, who remains on the Board as…
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FG detains two Binance executives in Abuja, demands list of Nigerians on global crypto platform
By: Ade Phillips The Federal Government has allegedly detained two senior executives of Binance, a cryptocurrency trading platform, on Monday night in Abuja as part of investigations into the company’s operations in Nigeria. According to the Financial Times on Wednesday, the executives arrived in Nigeria but had their passports confiscated by…
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Nigeria’s Export Market Should be Developed to attract Foreigners,’ Makinde
By Miracle Ogunde The Oyo State Governor, Engr. Seyi Makinde has called on Nigerians to develop the country’s export market and attract foreigners in order to tackle current economic challenges. Governor Makinde made the call at the official opening of Oyo State International Trade Fair, tagged EXPOYO 2024, held at the international trade fair…
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How Subsidy Removal, Rise in Dollar Affect our Services — NARTO
By Miracle Ogunde The Association of Road Transport Owners, NARTO has said that the removal of fuel subsidy by the federal government and the rise in the cost of dollar are having negative effects on their services. NARTO President, Yusuf Lawal, who stated this on Friday, said the union called off…
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Suspend ban on alcoholic drinks in sachets, pet bottles – Reps tells NAFDAC
The House of Representatives Committee on the National Agency on Food, Drugs Administration, and Control (NAFDAC) has ordered the suspension of the ban on the sale of spirits and alcoholic drinks in sachets and pet bottles. The suspension is pending the outcome of its investigation on the matter. Rep. Regina Akume,…
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Why we will block some customers’ accounts by March 1, 2024 — GTB
By Miracle Ogunde One of Nigeria’s leading banks, Guaranty Trust Bank, popularly known as GTbank, has issued an important notice to all customers mandating them to link both their Bank Verification Number (BVN) and National Identity Number (NIN) to their GTBank Accounts. The notice was obtained by Starnews NG on Thursday through an email sent…