Category: Business
-
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…
-
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…
-
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,…
-
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…
-
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…
-
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…
-
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…
-
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,…
-
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…
-
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. …