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BusinessMarketsOil & GasNNPC Says No Plan to Increase Petrol Price, Cautions Against Panic Buying

PilotnewsMarch 1, 2021

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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Crime & SecurityMarketsGovernor Makinde Orders Reopening Of Shasa Market

Hassan Umar Shallpella (Regional Correspondent)February 23, 2021

Governor Seyi Makinde of Oyo state has ordered the immediate reopening of Shasa market in Akinyele Local Government Area of the state shut down two weeks ago after Hausa and Yoruba traders clashed. The mayhem claimed several lives and some houses razed in the crisis. The Governor while addressing leaders of the Hausa and Yoruba communities at the House of Chiefs, Secretariat, Agodi, Ibadan, on Tuesday, promised to move workers to the site of the...

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CoronavirusMarketsNewsNigeriaCourt Orders Reopening of Wuse, UTC Markets in FCT, Imposes N50,000 Fine

PilotnewsFebruary 4, 2021

ABUJA — The Federal Capital Territory Administration (FCTA) mobile court has ordered the reopening of Wuse, UTC markets, and Murg Shopping Plaza shut down on Monday in Abuja for violating COVID-19 safety protocol. The court also slammed the fine of N50, 000 each on the three facilities, for over flagrant disregard to COVID-19 Health Protection Regulations Act 2021, which must be paid before the reopening. Mr. Ikharo Attah, Head, Media and Enlightenment of FCT Ministerial...

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CoronavirusMarketsNewsNigeriaBalogun Market Shifts Resumption to Jan. 11 for Security Reasons –Official

PilotnewsJanuary 3, 2021

The Caretaker Management Committee of Balogun market,  Lagos Trade Fair Complex, has shifted its resumption, earlier scheduled for  Jan. 4, to Jan. 11, for security reasons, the Secretary of the committee, Mr. Leonard Ogbonnia has said. Ogbonnia said in a statement on Sunday, in Lagos, that it would be risky to reopen the market, earlier closed on Dec. 24 for the Christmas holidays, on the stated date because of the security situation in the market....

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AfricaBusinessMarketsNewsAfrican Continental Free Trade Area Agreement Comes into Effect January 1, 2021

PilotnewsJanuary 1, 2021

The African Continental Free Trade Area (AfCFTA) agreement comes into effect on January 1, 2021, but Zambia is one of the 21 countries that have not yet deposited their instruments of ratification. Zambia’s Minister of Commerce, Trade and Industry, Christopher Yaluma, disclosed at a media briefing in Lusaka on Thursday that the official launch of the AfCFTA will take place at a virtue event which will be graced by the African Union (AU) Chairperson, South...

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BusinessMarketsNewsNigeria205 Women Vegetable Sellers Receives N6.15m In Kebbi State

Hassan Umar Shallpella (Regional Correspondent)December 28, 2020

As part of effort to encourage women to be self-reliant, Kebbi state government has donated N6.15 million to 205 women vegetable sellers in the state. Each of the 205 women received N30,000 in order to boost their vegetable businesses. Governor Atiku Bagudu announced the donation at the graduation of women trained in preservation of perishable items in Birnin Kebbi on Sunday. “The comprehensive training of the women traders was conducted by the state chapter of...

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EconomyMarketsWest AfricaAfCFTA: Commonwealth to Strengthen Capacity of African Countries Export

PilotnewsDecember 20, 2020

The Commonwealth has reiterated its commitment to work with African countries to deepen export capacity and, particularly, take advantage of trading opportunities like the African Continental Free Trade Area (AfCFTA). Patricia Scotland, Secretary General of the Commonwealth, stated this in a telephone interview with the News Agency of Nigeria (NAN) in Abuja. She explained that the Commonwealth Secretariat had been working with the 19 African member states to strengthen their institutional capacity and develop trade...

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BusinessMarketsNewsDana Air partners Nigerian Economic Summit Group

PilotnewsOctober 20, 2020

The Management of Dana Air says it will be supporting the 26th Nigerian Economic Summit (NES#26) scheduled to hold in Oct. 26 and Oct. 27 in Abuja and the Lagos office of the Nigerian Economic Summit Group. The Media Communications Manager of the company, Mr. Kingsley Ezenwa, said this in a statement in Lagos on Monday. Ezenwa said, “The theme of the summit is Building Partnerships for Resilience.” The 26th Nigerian Economic Summit is jointly organised by the Federal...

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MarketsNewsFire Destroy Over 100 Shops, Goods in Calabar Market

PilotnewsJuly 4, 2020

Goods worth millions of Naira have been destroyed by fire which wreaked havoc on over 100 shops in the popular Marian market in Calabar on Friday. The fire, which started from one of the shops in the fruit section, spread to other shops and destroyed goods worth millions of Naira including vital properties. An eye witness, Mr Ojah Ojah, who spoke with the News Agency of Nigeria (NAN) at the scene of the event, said...

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MarketsNewsNigeriaAba Markets Resume Normal Businesses as Govt Eases lockdown

PilotnewsJuly 3, 2020

Ariaria International market and others big markets in Aba, Abia, on Friday resumed business operations that would see the traders do business for five days in a week. The resumption started on Friday following Abia government’s announcement on Thursday that the markets would now open from 7 am until 5 pm Mondays through Fridays. The News Agency of Nigeria (NAN), reports that since Abia announced initial lockdown directives to check Coronavirus spread on March 24,...

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