Amid Economic Hardship, CBN Introduces N7 Fee For USSD Transaction

BusinessEconomyNewsAmid Economic Hardship, CBN Introduces N7 Fee For USSD Transaction

Beloved John (Staff Writer)March 16, 2021

Despite the country’s growing inflation and unemployment rate, the Central Bank of Nigeria has introduced a flat fee of N6.98 per transaction for every Unstructured Supplementary Service Data (USSD) service. This implies that for every time a consumer uses a USSD service, a flat fee of N6.98 will be deducted. In a statement, jointly signed by the apex bank’s acting director of corporate communications Osita Nwanisobi and director of public affairs at the Nigerian Communications...

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DPR Seals Filling Stations In Kwara State For Over-pricing, Under-dispensing

BusinessNewsNigeriaOil & GasDPR Seals Filling Stations In Kwara State For Over-pricing, Under-dispensing

Hassan Umar Shallpella (Regional Correspondent)March 16, 2021

The Department of Petroleum Resources (DPR), on Tuesday, in Ilorin, sealed up five filling stations for various offences including over-pricing and under-dispensing. The development was the result of the monitoring exercise of over 35 filling stations across the metropolis. Speaking with journalists shortly after the exercise, the controller, Ilorin field office of the DPR, Engineer Sule Yusuf, said there was no fuel scarcity or plan to increase fuel price in the country. “We observed that...

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Prices of Foodstuffs Soar in Enugu Major Markets – Survey

BusinessFoodNewsPrices of Foodstuffs Soar in Enugu Major Markets – Survey

PilotnewsMarch 14, 2021

ENUGU — Prices of some foodstuffs, particularly eggs, beans and crayfish have continued to rise in Enugu State, the News Agency of Nigeria (NAN), reports. NAN correspondent, who conducted a market survey in Enugu on Saturday, reports that the prices of foodstuffs had increased significantly between January and March. A 4.5 litre bucket of beans now sells for between N1,000 and N1, 200 as against N800 and N1, 000 sold in January, depending on the...

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Traders In FCT, Jigawa Groan Over Scarcity Of Foreign Rice

BusinessMarketsNewsTraders In FCT, Jigawa Groan Over Scarcity Of Foreign Rice

Hassan Umar Shallpella (Regional Correspondent)March 14, 2021

ABUJA, FCT — Traders in some markets in Abuja on Saturday were out of stock of foreign rice in their shops and warehouses weeks after the reopening of borders by the Federal Government. Hajiya Rahmatu Mohammed, a rice seller in Utako Market in Abuja, said in view of the scarcity, the price of foreign rice had increased in the market. Mohammed said that the scarcity started in the last two weeks. “In January and February,...

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PPPRA Deletes Petrol Increase Template

BusinessNewsNigeriaOil & GasPPPRA Deletes Petrol Increase Template

Bada Yusuf Amoo (Correspondent)March 14, 2021

The Petroleum Products Pricing Regulatory Agency (PPPRA) has deleted the template announcing the new price of petrol stands at N212.6 per litre from its website. The agency published the template on its website http://pppra.gov.ng/pms-guiding-price-for-march-2021/. The publication was welcomed with outrage across the country with fuel queues observed in several filling stations in Abuja and Lagos. The template which was released in the early hour of Friday, indicated petrol price to be sold at a lower...

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Petrol Queues Resurface in Abuja Over Fear of Price Hike

BusinessNewsOil & GasPetrol Queues Resurface in Abuja Over Fear of Price Hike

PilotnewsMarch 12, 2021

ABUJA — Long queues have appeared in Abuja for the purchase of Premium Motor Spirit also known as petrol, few days after normalcy returned to the area. The News Agency of Nigeria (NAN) reports that long queues returned to retail outlets in Wuse, Gwarimpa, Wuye and Kubwa expressway on Friday, while other areas were not selling the product. Meanwhile, Alhaji Suleiman Yakubu, National Public Relations, Independent Petroleum Marketers Association of Nigeria (IPMAN) advised the public...

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Young Lady Develops App For Reporting Rape Cases

BusinessScience & TechnologyYoung Lady Develops App For Reporting Rape Cases

Hassan Umar Shallpella (Regional Correspondent)March 9, 2021

The founder of Shamrock Innovations Kano Ms. Saadat Aliyu has developed Android application ‘Helpio App’ for reporting sexual abuse. Ms. Aliyu who is a woman and youth-centric tech innovation hub in Kano said the ‘Helpio App’ was launched on August 6, 2020 on the play store and that any person can visit the play store on Android phone and install the app. “I started learning IT skills from my brother when I was in junior...

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Northerners Resumes Supply Of Foods To South West

BusinessFoodNational SecurityNigeriaNortherners Resumes Supply Of Foods To South West

Hassan Umar Shallpella (Regional Correspondent)March 6, 2021

Following the suspension of strike by members of Foods and Cattle dealers Association transportation of foods to the South West through Kwara State previously blocked Jebba and Niger border axis have resumed. The blockage of food to the South was a means deployed by the North to send a subtle warning to other parts of Nigeria to stop the harassment and intimidation of the Fulanis. The Coordinator of Miyetti Allah Cattle Breeders Association of Kwara...

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Emefiele Woos Investors, Promises CBN’s Support

BusinessInvestingNewsNigeriaEmefiele Woos Investors, Promises CBN’s Support

PilotnewsMarch 5, 2021

LAGOS — The Governor of the Central Bank of Nigeria (CBN) Mr. Godwin Emefiele, has advised indigenous and multinational firms to consider the opportunities that Nigeria offers and begin to set up their manufacturing lines in Nigeria. Emefiele gave the advice at the Local Manufacturing Contract Signing of Oral-B Toothpaste, between Procter and Gamble Nigeria and Colliery Cosmetics, on Friday in Lagos. According to him, Nigeria should be the first port of destination for anybody...

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Fish Sellers In Borno State Losses N500m Weekly

BusinessEconomyNewsFish Sellers In Borno State Losses N500m Weekly

Hassan Umar Shallpella (Regional Correspondent)March 5, 2021

The chairman, Borno Fish Producers and Marketers Association Alhaji Abatcha Mandalama have said members of the Association lose about N500 million in fish business every week due to the lingering Boko Haram insurgency in the state. The high cost to the Boko Haram terrorists that have prevented fishermen from fishing in the Lake Chad axis. Mandalama disclosed this in Maiduguri, the Borno state explained that prior to the Boko Haram insurgency, over 30 trailer loads...

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