Golden Promise Sensitizes Businessmen and Women in Onitsha on Trade and Importation from China

BusinessGolden Promise Sensitizes Businessmen and Women in Onitsha on Trade and Importation from China

Ebuka Onyekwelu (Staff Writer)February 7, 2022

ONITSHA — Golden Promise, a fully registered Nigerian company that specializes in shipping, clearing, and trading, today held its event aimed at promoting China-Nigeria business relationships. The event was held at the Archbishop C. I. Patterson International Auditorium at the All Saints Cathedral Onitsha, Anambra State and was well attended. Leadership or representatives of different Chambers of Commerce within Anambra and elsewhere were also present. No fewer than about a hundred businessmen and women who...

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Nigerian Government Set To Privatize 42 Government Agencies, Companies

BusinessEconomyNational DevelopmentNigerian Government Set To Privatize 42 Government Agencies, Companies

Beloved John (Staff Writer)February 5, 2022

ABUJA — The National Council on Privatisation (NCP), chaired by Vice President Yemi Osinbajo says about 42 government agencies and companies will be privatized this year. The Bureau of Public Enterprises (BPE) in a statement on Friday said the proposed transactions had all been approved by National Council on Privatisation during its maiden meeting at the Presidential Villa in Abuja. The statement read in part: “The transactions are 11 in the energy sector, 10 in...

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OPINION: What Has Quality Got to Do With Soludo’s Made-in-Anambra Brands

BusinessColumnsPoliticsOPINION: What Has Quality Got to Do With Soludo’s Made-in-Anambra Brands

PilotnewsFebruary 4, 2022

By Joe C. Anatune — Guest columnist & blogger Well, everything! Obviously, brands have become veritable tools for economic dominance and diplomacy among nations. According to Cee Cee Soludo, Anambra will seek to be part of world trade beginning from Africa with brands fit for the world. He implies that with the formalisation of the state’s hugely informal sector, Anambra will move away from selling undifferentiated commodities or ‘me-too’ brands to marketing winning brands in...

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Central Bank of Nigeria Reduces ATM Withdrawal Charges

BusinessMoneyCentral Bank of Nigeria Reduces ATM Withdrawal Charges

Hassan Umar Shallpella (Regional Correspondent)January 31, 2022

ABUJA — The Central Bank of Nigeria (CBN) has reduced ATM withdrawal charges, inter-bank transfer fees as it issues a downward review of charges for electronic banking transactions in its revised guidelines to charges by Banks, Other Financial Institutions (OFIs), and Non-Bank Financial Institutions. According to the circular by Chibuzor Efobi, the Director, Financial Policy and Regulation Department, titled  “Re: Guide To Charges By Banks, Other Financial And Non-Bank Financial Institutions”. The CBN stated that the review...

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E-ticketing is The Way to Go- NRC

BusinessNewsE-ticketing is The Way to Go- NRC

PilotnewsJanuary 30, 2022

ABUJA — The Nigerian Railway Corporation (NRC) has reiterated the importance of e-ticketing platform in the purchasing of tickets across the country, saying it’s the way to go. Mr. Fidet Okhiria, NRC’s Managing Director, made this known in an interview with the News Agency of Nigeria( NAN) on Sunday in Abuja. ”E-ticketing is the way to go. We have started and we have made significant progress in Kaduna -Abuja train service and we are also...

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NRC to Train Staff on Customer Relations

BusinessTravelNRC to Train Staff on Customer Relations

PilotnewsJanuary 30, 2022

ABUJA — The Nigerian Railway Corporation (NRC) said one of its cardinal programmes for 2022 was to train its staff on customer relations. Mr. Fidet Okhiria, NRC’s Managing Director, disclosed this in an interview with the News Agency of Nigeria(NAN) on Sunday in Abuja. Okhiria commended NRC staff for maintaining high discipline when carrying out their responsibilities. He however said more training especially in customer relations was necessary to help the staff relate more and...

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Lagos Train Tickets to Cost N200 to N300 Per Trip

BusinessTransportationLagos Train Tickets to Cost N200 to N300 Per Trip

Beloved John (Staff Writer)January 29, 2022

LAGOS — Babajide Sanwo-Olu, governor of Lagos, has announced that residents will pay between N200 and N300 for train tickets in the state. He indicated this when he featured on Sunrise Daily, a Channels Television programme on Friday. Speaking on his administration’s plan for transportation in 2022, the governor said the vision of his government is to reduce traffic and the time commuters spend on the road. “Time is money and we need to move...

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33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

BusinessNewsOil & Gas33 Successful Bidders Lose FG’s Marginal Oil-Field Awards

Bada Yusuf Amoo (Correspondent)January 28, 2022

ABUJA — A total of 128 awardees that emerged as successful bidders in the 2020 Marginal Field Bid Round have made complete and part payments for signature bonuses in the oil fields, the Federal Government said on Thursday. It also disclosed that 33 awardees did not make payments during the 45 days window given to successful bidders to pay the required signature bonuses for the oil fields and as such had lost their awards to...

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Dangote Maintains Rank As Forbes’ Richest Man in Africa

AfricaBusinessWealth and InheritanceDangote Maintains Rank As Forbes’ Richest Man in Africa

PilotnewsJanuary 25, 2022

Alhaji Aliko Dangote has retained his position as the richest man in Africa, with a net worth of $12.1 billion, according to the 2022 edition of the Forbes’ Top 10 Africa’s Billionaires List. This is contained in a post on their verified Twitter account @Forbes. According to the report, for the 11th year in a row, Aliko Dangote of Nigeria is the continent’s richest person, worth an estimated $13.9 billion, up from $12.1 billion in...

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Fuel Subsidy: Federal Govt Extends Deadline

BusinessOil & GasFuel Subsidy: Federal Govt Extends Deadline

Hassan Umar Shallpella (Regional Correspondent)January 25, 2022

ABUJA — Minister of State for Petroleum Resources, Timipre Sylva said the subsidy of fuel will last for another 18months, pending when an amendment in the Petroleum Industry Act will be forwarded to the National Assembly. He gave this indication on Tuesday while briefing State House Correspondents in Abuja, explaining that the rehabilitation of refineries are ongoing, while Dangote refinery is almost coming on stream. “President Muhammadu Buhari being aware of the negative implications of...

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