Category: Business
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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…
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Abuja store sealed for ‘Misleading Pricing’ Now Reopened by Fg
The Federal Competition and Consumer Protection Commission has reopened a popular Abuja supermarket, Sahad Stores, after its temporary closure. The commission had, on Friday, February 16, sealed the stores for a lack of transparency in the way it was fixing prices for products. The commission stated that while the store displays lower prices…
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FG to meet Dangote, BUA over rising cost of cement
David Umahi, minister of works, has called for a meeting with cement manufacturers over the rising cost of the product. The price of cement has been oscillating between N8,000 and N10,000 per bag from about N4,000 a few weeks ago. Dangote, BUA, and Lafarge are some of the cement manufacturers summoned by the…
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Importers raises alarm over steady increase in Customs duties
The Automobile Manufacturers and Importers Association in Nnewi, Anambra State, has raised concerns over what it describes as the Federal Government’s continuous increase in customs duties. The president of the association, Austin Jideofor, expressed dismay over the government’s directive to customs to escalate duties on a monthly basis, leading to hardship for the final…
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Business Mogul, Aloro John celebrates Kingsley Kuku on his Birthday
A business mogul, Aloro John has described the former Special Adviser on Niger Delta as an achiever, an accomplished individual whose impact in the sociopolitical landscape of Niger Delta has left an indelible imprint in the lives of many. Aloro who described the environmental activist as a man of the people,…
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Nigeria’s Oil Exports Rose By 60.8% In 2023- OPEC
The Organisation Of Petroleum Exporting Countries (OPEC) has revealed that the oil exports in Nigeria grew significantly by 60.8% in the third quarter of 2023. ‘Throughout 3Q23, exports witnessed a remarkable 60.8% increase, and imports soared by 47.7%, culminating in a trade surplus of NGN1,888.92 billion in that period,” its Monthly Oil…
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Helicopter Crash: Ex-Aviation Minister Reveals Last Moment With Access Holdings CEO.
A former Minister of Aviation, Osita Chidoka, has revealed his last moments with the late Chief Executive Officer of Access Holdings, Herbert Wigwe. Wigwe was feared dead when a helicopter conveying him and five others to Las Vegas crashed on Friday night near the California-Nevada border in the US. …
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Protest Against High Cost Of Living hits Lagos
Lagosians have joined the number of states where there have been protests against high cost of living in the country. In Lagos, market women and youths protested in the Ibeju-Lekki area of Lagos State on Saturday. They carried placards with the inscriptions such as “Baba Tinubu, Nigerians are hungry”, and ‘Tinubu,…
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Humanitarian Ministry; How Contractor refunded N30.6m double payment
Details have emerged of how a long-term Federal Government contractor, James Okwete, refunded the sum of N30,604,651.16 to the Ministry of Humanitarian Affairs after receiving double payment for a completed contract under former Minister, Sadiya Umar-Farouq. Documents exclusively obtained by Newsmen revealed that the payment was part of a N35 million contract for…
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CP Orders probe into Akure socialite, wife death
PRESS RELEASE ONDO POLICE COMMENCE INVESTIGATION INTO THE DEATH OF MR AND MRS SESAN ADELABU ; AS CP ABAYOMI ORDERS HOMICIDE SECTION TO TAKE OVER CASE The Commissioner of Police, CP Abayomi Oladipo has ordered the Homicide section of the State Criminal Investigation Department to take over the case of alleged murder and…