DPR Seals Filling Stations In Kwara State For Over-pricing, Under-dispensing

BusinessNewsNigeriaOil & GasDPR Seals Filling Stations In Kwara State For Over-pricing, Under-dispensing

Hassan Umar Shallpella (Regional Correspondent)March 16, 2021

The Department of Petroleum Resources (DPR), on Tuesday, in Ilorin, sealed up five filling stations for various offences including over-pricing and under-dispensing. The development was the result of the monitoring exercise of over 35 filling stations across the metropolis. Speaking with journalists shortly after the exercise, the controller, Ilorin field office of the DPR, Engineer Sule Yusuf, said there was no fuel scarcity or plan to increase fuel price in the country. “We observed that...

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Central Bank of Nigeria Introduced New Charges For USSD Services

EconomyMoneyNewsCentral Bank of Nigeria Introduced New Charges For USSD Services

Hassan Umar Shallpella (Regional Correspondent)March 16, 2021

ABUJA — The Central Bank of Nigeria (CBN) has introduced new charges for customers using the Unstructured Supplementary Service Data (USSD) services. The apex bank has announced that from Tuesday, customers will pay N6.98 per transaction every time they use USSD services. This was contained in a statement jointly signed by CBN’s Acting Director, Corporate Communications, Osita Nwanisobi, and Director, Public Affairs, Nigerian Communications Commission (NCC), Ikechukwu Adinde. The statement read in part “Effective March...

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The Concerned Enugu Youths Protest Against The Ex-Governors Pension Bill, Calls It A Scam

MoneyNewsPoliticsThe Concerned Enugu Youths Protest Against The Ex-Governors Pension Bill, Calls It A Scam

Ije Ulasi (Regional Correspondent)March 16, 2021

The spokesman of the Concerned Enugu State Youths, Mr. Wilfred Okeke, on Tuesday said the youths are not happy with the pension bill proposed by the legislators for former Governors and their deputy even at such a time as now when people are passing through excruciating economic reality. Okeke wondered why the ex-governors and deputies who serve at most eight years would be considered for pension and gratuity when most retired civil servants in Enugu...

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Controversial Pension Bill For Former Governors And Ex-Deputy Governors In Enugu State Stepped Down

MoneyNewsPoliticsControversial Pension Bill For Former Governors And Ex-Deputy Governors In Enugu State Stepped Down

Ije Ulasi (Regional Correspondent)March 16, 2021

The Enugu State House of Assembly on Tuesday stepped down the controversial life pension bill for former Governors and Deputy Governors in Enugu state. Hon. Ubosi Edward, Speaker of the seventh assembly explained, “The stepping down of the bill during plenary today was to enable the seventh assembly take a critical look at the legislation in order to come up with practical solutions and inadequacies noticed in the bill”. “Stepping down the bill will help...

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Institute Warns Cross River About Substandard Construction at Popular Calabar Market

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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Dollar Holds Firm in Cautious Trading Before Fed Meets

EconomyWorld NewsDollar Holds Firm in Cautious Trading Before Fed Meets

PilotnewsMarch 16, 2021

TOKYO — The U.S. dollar clung to small gains on Tuesday as caution reigned in currency markets, ahead of major central bank meetings. The meeting begins with a two-day Federal Reserve gathering due to start later in the global day. The greenback hovered just off its highest since June versus the yen and cemented a position around $1.19 per euro in muted trading. The firmer tone for the dollar came despite a retreat in U.S....

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Niger Delta Youths to Resist Diversion of 4.2m Pounds Ibori Loot

CorruptionMoneyNewsNiger Delta Youths to Resist Diversion of 4.2m Pounds Ibori Loot

PilotnewsMarch 16, 2021

ABUJA — The Niger Delta Youth Council (NDYC) said in Abuja on Tuesday that it would resist Federal Government’s plan not to remit the 4.2 million Pounds looted by Ibori to Delta. Last Tuesday, Nigeria and the UK signed a Memorandum of Understanding (MOU) in Abuja to repatriate the money looted by James Ibori when he was governor of Delta, The money, stashed in the UK was recovered by the British government from Ibori, his...

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Prices of Foodstuffs Soar in Enugu Major Markets – Survey

BusinessFoodNewsPrices of Foodstuffs Soar in Enugu Major Markets – Survey

PilotnewsMarch 14, 2021

ENUGU — Prices of some foodstuffs, particularly eggs, beans and crayfish have continued to rise in Enugu State, the News Agency of Nigeria (NAN), reports. NAN correspondent, who conducted a market survey in Enugu on Saturday, reports that the prices of foodstuffs had increased significantly between January and March. A 4.5 litre bucket of beans now sells for between N1,000 and N1, 200 as against N800 and N1, 000 sold in January, depending on the...

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Traders In FCT, Jigawa Groan Over Scarcity Of Foreign Rice

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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PPPRA Deletes Petrol Increase Template

BusinessNewsNigeriaOil & GasPPPRA Deletes Petrol Increase Template

Bada Yusuf Amoo (Correspondent)March 14, 2021

The Petroleum Products Pricing Regulatory Agency (PPPRA) has deleted the template announcing the new price of petrol stands at N212.6 per litre from its website. The agency published the template on its website http://pppra.gov.ng/pms-guiding-price-for-march-2021/. The publication was welcomed with outrage across the country with fuel queues observed in several filling stations in Abuja and Lagos. The template which was released in the early hour of Friday, indicated petrol price to be sold at a lower...

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