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Accidents and SafetyMarketsNewsFire Guts Katsina Central Market, Goods Worth Millions of Naira Lost

Hassan Umar Shallpella (Regional Correspondent)March 22, 2021

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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InfrastructureMarketsInstitute Warns Cross River About Substandard Construction at Popular Calabar Market

PilotnewsMarch 16, 2021

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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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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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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