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Traders in Aba have threatened to reopen their shops in major markets if Abia Ministry of Trade and Investment continue delaying the reopening. Some residents who spoke to the News Agency of Nigeria (NAN) disclosed this in separate interviews on Thursday in Aba. Gov. Okezie Ikpeazu of Abia had on May 1, at a meeting with market leaders and other stakeholders outlined modalities for gradual relaxation of lockdown. The modalities included setting up 17-man COVID-19...

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Traders at Glorious Market, Independent Market, Progress Market and Haruna Street Market in Onitsha have cried out to the Anambra Government to save their shops from being submerged by gully erosion. The President General of the markets, Chief Eric Uwaoma, made the call while conducting newsmen round the portions of the markets in the commercial city on Wednesday. According to Uwaoma, if urgent action is not taken, the shops of about 4000 traders in the markets will...

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The Police Command in Enugu State has assured the public of professional enforcement of the partial and guided re-opening of popular Ogbete Main Market in Enugu. The Command’s Public Relations Officer, ASP Daniel Ndukwe, said in a statement in Enugu that the command also enjoined affected shop owners to comply with government directives on the re-opening of the market. Ndukwe said that the assurance had become necessary following a resolution reached between government, security agencies,...

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The Central Bank of Nigeria has extended by one year the deadline for microfinance banks in the country to comply with the minimum capital requirement directive. Kevin Amugo, director in the Financial Policy and Regulation Department at the apex bank stated in a circular addressed to all categories of microfinance banks in the country that the extension was due to consideration of the impact of the Covid-19 pandemic on economic activities. The CBN set different...

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In the wake of the COVID-19 pandemic, while many health systems across the world are struggling to provide care for patients, the global economy is taking a downturn. The impacts of the disease on people have left several individuals in need of support to survive a hard time. Realizing that many people all over the world would need different forms of support to make it through this trying time, developers of Familheey, a social networking...

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The disruption caused by the COVID-19 pandemic has halted the implementation of the African Free Trade Agreement, forcing officials to postpone it. “It is obviously not possible to commence trade as we had intended on 1 July under the current circumstances,” Wamkele Mene, Secretary-General of the African Continental Free Trade Area (AfCFTA), told Reuters. Although Mene did not say whether there was a new targeted implementation, he was confident the deal would still proceed. “The...

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This year’s Intra-African Trade Fair, initially scheduled to take place in Rwanda in September, has been postponed to next year due to the ongoing COVID-19 pandemic, organisers said in a statement on Wednesday. The event, co-organized by the African Export-Import Bank (Afreximbank), the African Union (AU) and the Rwandan government, will be postponed to Sept. 6-12, 2021, in Kigali to ensure the safety of the host country and the participants, said the statement released by...

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The Kaduna State Government has informed occupants of the Kasuwan Barchi market in Tudun-Wada of Kaduna Central Local Government of the state to leave the area in three days. The eviction notice which was issued by the Director-General of the Kaduna State Urban Planning and Development Authority, KASUPDA, Ismail Umar-Dikko, to the occupants of the market on Friday, is to pave way for the Urban Renewal Projects by Governor Nasir El-Rufai. Part of the notice...

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The Nigerian Petroleum Development Company Limited (NPDC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has emerged the best Exploration and Production (E&P) Company in 2019. The award was given at the 2020 Nigerian Petroleum Summit Awards night held in Abuja. The theme of the third edition was: “Widening the Integration Circle, Emerging Technologies and Cross Pollination of Ideas for the Advancement of the Petroleum Industry”. The Acting Group General Manager, Group Public Affairs...

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By Stanley Diamond The world’s  leading smartphone manufacturer, Samsung on Tuesday launched its latest flagship Galaxy S20 smartphone range with 5G chips and a new camera system capable of up to 100x zoom. The mobile phone giant unveiled the devices at an event in San Francisco and screened live in Abuja, Nigeria on Tuesday night. The company said it is hoping that fast screens, an overhauled camera system and a spread of sizes will be...