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The Nigerian National Petroleum Corporation (NNPC) has debunked the report of any price increment in the Premium Motor Spirit (Petrol) in the country in March 2021. The NNPC said this in a statement signed by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru on Sunday. Obateru added that the Corporation was not planning any raise in the price of the commodity in March in order not to jeopardize the ongoing engagement with...

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The Amalgamated Union of Foodstuff and Cattle Dealers of Nigeria (AUFCDN) said its leaders have been invited by the Department of State Services for blocking the supply of foodstuffs and cattle from the North to the South. The General Secretary of the union, Ahmed Alaramma, said this at a press conference in Abuja on Monday, adding that the President of the association, Mohammed Tahir, was currently with the DSS. The blockade of food to the...

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ABUJA —  The Nigerian National Petroleum Corporation (NNPC) has advised motorists to stop panic buying of Premium Motor Spirit (PMS) also known as petrol saying it has no plan to increase the ex-depot price in March. NNPC disclosed in a statement by its spokesman, Dr. Kennie Obateru, in Abuja on Sunday. The News Agency of Nigeria (NAN) reports that ex-depot price is the price at which depot owners sell products to marketers. The price determines...

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KANO CITY — Youths suspected to be tricycle riders have clashed with police operatives at Gyadi-Gyadi court road in Kano city, Kano State. They were on strike to resist the N100 daily tax enforced by the state government through the Kano State Roads and Traffic Agency (KAROTA) among other issues. The riders said the action becomes necessary to avert what they described as extortion in the name of tax and other fines. The police had...

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JOS — Poultry farmers in Jos, Plateau state have decried the hike in feeds and other consumables. Some farmers, who spoke to newsmen in Jos, said the situation may send many of them out of business because they could not bear the rising cost of the feeds. Okopi Sule, a poultry farmer, said that input had become outrageously high and income from the business becoming extremely low. “Many farmers could no longer break even in...

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Respite has come for Muslim low-income earners to have access and perform Hajj pilgrimage with ease being one of the pillars of Islam as the National Hajj Commission of Nigeria (NAHCON) has introduced a scheme “Hajj Savings Scheme”, a deliberate move to reduce difficulty in paying hajj fare by the category of such persons. At the launch of the scheme in Yola, the Adamawa State capital held at Nyako Center in the State Secretariat, the...

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ABUJA — The Nigerian National Petroleum Corporation  (NNPC) has assured Organised labour and Nigerians that there will be no increase in the price of Premium Motor Spirit (PMS) also known as Petrol in the month of February. The corporation gave the assurance in a statement signed by its spokesman Dr Kennie Obateru in Abuja, on Thursday. “In spite of the rise in the price of crude oil in the international market, NNPC has ruled out...

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The Securities and Exchange Commission has suspended the approval of cryptocurrency and related products following the directive of the Central Bank of Nigeria which demanded that banks terminate accounts connected to digital currencies. In a statement released on Friday, SEC, which had earlier disclosed its readiness to accept Bitcoin and other cryptocurrencies as securities, said it would no longer do so until such products are able to operate bank accounts within the Nigerian banking system....

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The Senate has invited the Central Bank of Nigeria (CBN)’s Governor, Godwin Emefiele, to appear before its committees on the opportunities and threats of cryptocurrency on the country’s economy. The red chamber took the decision to invite the CBN governor following a motion by a Federal Lawmaker, Senator Istifanus Gyang, during a plenary on Thursday, concerning the CBN directive asking financial institutions to stop all transactions in cryptocurrencies and matters relating to them. In their...

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Governor Babajide Sanwo-Olu of Lagos has sought improved certification for boat skippers and better regulation of the operations of non-convention vessels that operate in the inland waterways of the country. The governor made the call while receiving the Director-General of the Nigerian Maritime Administration and Safety Agency (NMASA), Dr. Bashir Jamoh, during his visit to the governor. Sanwo-Olu said an improved utilization of Lagos waterways would go a long way in easing the traffic congestion...

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