Over 8,000 Passengers Access e-ticketing on Abuja-Kaduna Rail Line

BusinessNewsNigeriaTravelOver 8,000 Passengers Access e-ticketing on Abuja-Kaduna Rail Line

PilotnewsJanuary 17, 2021

More than 8,000 passengers on the Abuja-Kaduna train route have accessed the Nigeria Railway Corporation (NRC) e-ticketing platform three days after its test running. A statement by Taiye Elebiyo-Edeni, Media Assistant to Minister of Transportation, Rotimi Amaechi, said the Federal Government on Wednesday announced the commencement of the test run. She said that e-ticketing on the route would also officially begin on Jan. 20. Elebiyo-Edeni said that on the first day of the test booking,...

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BusinessEconomyNewsNigeriaNigeria’s Public Debt Increased By N6.01trn in 2020 — Report

Beloved John (Staff Writer)January 14, 2021

Nigeria’s total public debt stock as of the third quarter of 2020 (Q3 2020) increased by N6.01 trillion according to the National Bureau of Statistics’ (NBS) Report. The report which focused on Nigeria’s Domestic and Foreign Debt Q3 2020, estimated the country’s total public debt stock constituting both external and domestic debts. The debts cumulatively stood at N32.22 trillion ($84.57 billion) as of September 2020. This represents a 22.93 percent increase when compared to N26.21...

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Ondo State Government Bans Street Trading In The State Capital

BusinessLaw & JusticeNewsOndo State Government Bans Street Trading In The State Capital

Hassan Umar Shallpella (Regional Correspondent)January 9, 2021

The Ondo State Government has placed a total ban on trading along the vehicular traffic lanes, pedestrian paths and walkways on major market corridors in Akure, the state capital. State Commissioner for Information and Orientation on Friday Mr. Donald Ojogo in a statement said the development followed the setting up of the Committee on Waste Management and in its bid to instill sanity, especially in Akure. The statement said “the ban also includes artisans such...

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FG Directs NERC To Halt Implementation Of Reviewed Tariff

BusinessNewsNigeriaPowerFG Directs NERC To Halt Implementation Of Reviewed Tariff

Beloved John (Staff Writer)January 8, 2021

The minister of power, Saleh Mamman on Thursday ordered the Nigerian Electricity Regulatory Commission (NERC) to stall implementation of the reviewed tariff. The commission had earlier approved an increase in electricity tariffs across the country. The minister in a statement said the tariff review will be on hold until the conclusion of the joint ad hoc committee’s work at the end of January. He mentioned that the government had initially subsidised the tariff of all...

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FG Directs Reversal of Electricity Tariff Adjustment

BusinessPowerFG Directs Reversal of Electricity Tariff Adjustment

PilotnewsJanuary 7, 2021

The Minister of Power, Mr. Saleh Mamman, has directed the Nigerian Electricity Regulatory Commission (NERC) to inform all Electricity Distribution Companies (DISCOs) to revert to tariffs that were applicable in Dec. 2020. Mr. Aaron Artimas, Senior Special Adviser, Media and Communications to the Minister of Power, made this known in a statement in Abuja on Thursday. He said that the reversal to the old tariff was to promote a constructive conclusion of the dialogue with...

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SMEDAN Trains Over 10,000 Young Entrepreneurs in North East in 2020

BusinessEconomyNewsNigeriaSMEDAN Trains Over 10,000 Young Entrepreneurs in North East in 2020

PilotnewsJanuary 7, 2021

The Small and Medium Enterprise Development Agency of Nigeria (SMEDAN) trained more than 10, 000 young entrepreneurs in the North East region in 2020 on how to manage small businesses profitably. Mr. Isa Doguwa, the Zonal Coordinator, SMEDAN North East Region, disclosed this in an interview with the News Agency of Nigeria (NAN) on Wednesday in Bauchi. Doguwa said that compared to 2019, SMEDAN recorded huge success in terms of training and empowerment in the...

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Again, FG Increases Electricity Tariff, Breaks Agreement with Labour

BusinessNewsNigeriaPowerAgain, FG Increases Electricity Tariff, Breaks Agreement with Labour

Bada Yusuf Amoo (Correspondent)January 5, 2021

The Federal Government has again increased the electricity tariff that power consumers across the country are expected to be paying. The new hike in the electricity tariff was approved by the Nigerian Electricity Regulatory Commission (NERC). The increase varies. It was based on different consumer classes and took effect from January 1, 2021. The tariff hike was announced by the NERC in its December 2020 minor review of the Multi-Year Tariff Order (MYTO) and Minimum...

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Former Vice President Atiku Accuses Buhari’s Government. of Destroying his ‘Legitimate Business

BusinessNewsNigeriaPoliticsFormer Vice President Atiku Accuses Buhari’s Government. of Destroying his ‘Legitimate Business

Hassan Umar Shallpella (Regional Correspondent)January 4, 2021

Former Vice President, Atiku sold off his shares in Integrated Logistics Services Limited(Intels) accused Buhari’s led government of destroying his ‘legitimate business. Former Vice President, Atiku Abubakar has sold off his shares in Integrated Logistics Services Limited (Intels), just as he accused President Muhammadu Buhari’s led government of destroying his ‘legitimate business that employed thousands of Nigerians. Founded in 1982 as Nicotes Services Ltd, Intels Nigeria Limited is regarded as Nigeria’s largest logistics company. In...

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African Nations Begin Trading Under AfCFTA Pact

AfricaBusinessEconomyNewsAfrican Nations Begin Trading Under AfCFTA Pact

PilotnewsJanuary 3, 2021

African Union (AU) Chairperson Cyril Ramaphosa and Ethiopian Prime Minister Abiy Ahmed have congratulated Africans for starting trading under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning of trading under AfCTA. The new frontier for Africa is indeed regional integration, where minds are open to ideas and markets are to trade. Trade defuses the most fraught relations and integrated markets generate prosperity.” South African President Ramaphosa said:...

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BusinessCrime & SecurityNewsNigeriaBoko Haram Activities Brought Shortage Of Meat In The Markets

Hassan Umar Shallpella (Regional Correspondent)January 2, 2021

The over decade-long Boko Haram insurgency in northeast Nigeria and Borno state, in particular, has contributed to economic backwardness of the region as Maiduguri Cattle Market which used to be one of the most beehive livestock markets in West Africa is now a ghost of itself. Though, recently the market has witnessed an upsurge in livestock supply from some displaced people rushing to dispose of their livestock and resettle in Maiduguri metropolis, the Borno State...

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