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ENUGU — The current economic situation of the state no doubt has been biting hard on Nigerians with the skyrocketed inflation rate. Traders complain of low turnover in business while consumers lament the high cost of goods and products; in all, it has been a very trying year as majority of the populace can barely feed from their daily hustle. Regardless of the above premise, the Enugu Capital Territory Development Authority, ECTDA, has swooped in...

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LAGOS — Cutix Plc on Thursday estimated that N1.83 billion in revenue would be realised in the second quarter (Q2) of the Financial Year (FY) 2022. This is contained in a notice posted on the website of the Nigerian Exchange Ltd., titled: Cutix Plc: Second Quarter FY 2022 Forecast for the Period Ended Oct. 31, 2021. The notice was signed by Mrs. Ijeoma Oduonye, Chief Executive Officer and Mrs. Favour Oti, the Chief Executive Officer,...

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The Nasarawa State will construct a neighborhood market in the Akwanga Local Government Area at the cost of N349.7million. Flagging off the construction of the market in Akwanga on Saturday, the governor, Abdullahi Sule said it would boost the socio-economic activities and enhance the standard of living of the people of the area and the state in general. He said the construction of the market was part of activities to mark his two years in...

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The Zamfara State Commissioner of Information, Alhaji Ibrahim Dosara has announced the closure of four markets in the state beginning from April 22 till further notice. The markets are Magami Market in Gusau Local Government, Dansadau Market in Maru Local Government, Wanke Market in Gusau Local Government and Dauran Market in Zurmi Local Government Area. In a statement, the Commissioner said security agencies had been directed to ensure strict compliance and to deal ruthlessly, with...

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The Enugu-Port Harcourt expressway on Thursday witnessed unusual disruption, destruction of properties, and mayhem causing serious tension and panic among residents of the coal city and commuters on the ever-busy road. The crisis erupted when Hausa traders in the New Artisan market vehemently refused the demolition of structures in the market but confronted those who stormed the market for the demolition exercise. Taking advantage of the situation, artisans living within the New Artisan market stalls...

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Fire outbreaks have been ravaging markets across Nigeria, the latest was the popular Namu Central yam market in Quan pan Local government Area, of Plateau state on Sunday night. Recall that Gashua Hay market in Yobe state, Katsina Central market, Tudun Wada Market in Zamfara State have experienced fire outbreaks in the last few days. A resident of Namu community, Alhaji Kabiru Buba told Reporters that food items and other valuables worth millions of naira...

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Governor Bello Masari of Katsina state Monday visited the scene of the fire at Katsina Central Market where some sections of the market were razed with hundreds of shops burnt to ashes and goods worth millions of naira lost. It was learned that the inferno started around 8:30 am at a shop and quickly spread to other parts of the market. Masari of Katsina state, who went round the affected sections to see the extent...

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CALABAR —  Substandard structures being erected at the popular Watt Market in Calabar are accidents waiting to happen. This declaration was made in Calabar on Tuesday by Mr. Ekpenyong Ekpenyong, Chairman, Cross River chapter of the Nigerian Institute of Building. Ekpenyong told the News Agency of Nigeria (NAN) that contractors erecting new shops in the market were placing nine-inch blocks on six-inch blocks. He said it was even more dangerous considering the fact that the...

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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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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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