No Increase in Petrol Price Till End of Labour Negotiations – NNPC

BusinessNewsNigeriaOil & GasNo Increase in Petrol Price Till End of Labour Negotiations – NNPC

Beloved John (Staff Writer)March 26, 2021

The current ex-depot price of premium motor spirit (PMS), will be maintained until the end of negotiations with organised labour according to the Nigeria National Petroleum Cooperation (NNPC). Kennie Obateru, group general manager, group public affairs division of NNPC, disclosed this in a statement on Friday. He indicated that NNPC will continue to bear the burden of petrol subsidy as the current price will be maintained at N162 until ongoing engagement with the organized labour...

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DPR Sealed 10 Filling Stations In Taraba State

BusinessOil & GasDPR Sealed 10 Filling Stations In Taraba State

Hassan Umar Shallpella (Regional Correspondent)March 24, 2021

The Controller, Taraba Field Operation’s Office of the Department of Petroleum Resources (DPR) Mr. Jeremiah Mashat has sealed ten filling stations in Jalingo, Taraba state. He said that the action was to ensure compliance and enforcement for selling the product at the government-approved price, insisted that Marketers must adhere to all regulations governing the downstream sector of the petroleum industry. “We are out to ensure that the public is not shortchanged in the consumption of...

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NiDCOM, NIPC Synergise on Diaspora Investment Incentives

BusinessInvestingNiDCOM, NIPC Synergise on Diaspora Investment Incentives

PilotnewsMarch 23, 2021

ABUJA — Mrs. Abike Dabiri-Erewa, Chairman, Nigerians in Diaspora Commission (NiDCOM) has emphasised the need for collaboration with the Nigerian Investment Promotion Commission (NIPC) on diaspora investment incentives. This is contained in a statement signed by Gabriel Odu, Media, Public Relations and Protocols Unit of NiDCOM on Tuesday in Abuja. Dabiri-Erewa noted that such collaboration “a necessary step toward for national development. She was quoted as speaking at a strategic meeting with the Executive Secretary...

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Ekiti Government Gives Farmers, Herders Extra Weeks for Registration

AgricultureBusinessNewsEkiti Government Gives Farmers, Herders Extra Weeks for Registration

Beloved John (Staff Writer)March 21, 2021

Another two weeks of space have been given to farmers and herders in Ekiti state to register under the state government. All farmers and herders in the state have been instructed or risk getting expelled from the state according to a statement issued by the Commissioner for Agriculture and Food Security, Olabode Adetoyi. The state had conducted a two-week registration of farmers and herders in February but not citizens under the stated categories seized the...

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Power Supply: CHRSJ to Lead Community Campaign Against IKEDC

BusinessNewsPowerPower Supply: CHRSJ to Lead Community Campaign Against IKEDC

PilotnewsMarch 18, 2021

A human rights organization, the Centre for Human Rights and Social Justice (CHRSJ) has concluded arrangement to lead the Lagos and Ogun State Communities on the campaign against the Ikeja Electricity Distribution Company (IKEDC) over non-restore of electricity back to some communities in the two States for a period of time now. They have also reiterated in the campaign that some offices of the IKEDC would be picketed after the expiration of 21- day ultimatum...

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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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