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in BusinessPeter Obi Condemns Closure Of Popular Onitsha Market, Gives Advice
A former governor of Anambra State and 2023 presidential candidate for the Labour Party, Peter Obi has condemned the complete closure of the Onitsha Head Bridge Market over illegal trading of drugs. In a post made on X on Monday, February 17, Obi said there is a need for the state government to reconsider its […] More
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Price Of Refilling Cooking Gas Per Kg In Nigeria
This surge reflects a broader trend of escalating energy costs affecting households nationwide. Recent market surveys indicate that the average price for refilling a 12.5kg cylinder of Liquefied Petroleum Gas (LPG) has risen to approximately ₦17,000 in various areas, notably in Rivers State. This marks a substantial increase from ₦12,000 in July 2024 and ₦11,735 […] More
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Price Of Bag Of Rice, Beans, Tomatoes, Other Food Commodities This Week
Staple commodities such as rice, beans, and tomatoes have experienced notable price hikes, exacerbating the economic strain on citizens. Rice Prices The cost of rice has surged dramatically. By the end of 2024, a 50-kilogram bag of rice was priced at approximately ₦75,000 in Lagos and ₦99,000 in Abuja. This sharp increase has been attributed […] More
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Fresh Report Exposes Struggles at Port Harcourt Refinery Months After Commissioning
A new report has revealed that the Port Harcourt Refinery, which was commissioned months ago, is still struggling to operate at full capacity. Despite official claims from the Nigerian National Petroleum Company Limited (NNPCL) that the refinery is fully functional, findings from an on-the-ground investigation suggest otherwise. The refinery, located in the Alesa-Eleme community of […] More
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Dangote Peugeot Commences 3008 GT Assembly, Unveils Pickup
Dangote Peugeot Automobiles Nigeria Limited (DPAN), has commenced the assembly of the GT model of Peugeot 3008. With its 1.6 litre turbo engine, Peugeot 3008 GT has expanded the existing line-up of vehicles from the assembly lines of the modern plant that opened some years ago in Kaduna.. The new 3008 GT is joining the […] More
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JUST IN: CBN announces new ATM transaction fees, effective March 1, 2025
The Central Bank of Nigeria (CBN) has reviewed the transaction fees for Automated Teller Machine (ATM) services, with new charges set to take effect from March 1, 2025. In a circular signed by John Onojah, the acting director of the Financial Policy and Regulation Department, the CBN stated that the fee adjustment aims to address […] More
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PoS charges set to rise as CBN increases ATM withdrawal fees
The Central Bank of Nigeria (CBN), on Tuesday, February 11, 2025, announced a review of transaction fees for automated teller machines (ATMs). However, the decision has sparked concerns that Point of Sale (PoS) operators may take advantage of the new charges to increase their service fees. According to a circular signed by John Onojah, acting […] More
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in BusinessFidelity Bank set to launch innovative SME Hub with creative studios
Fidelity Bank, a leading financial institution, has announced the imminent launch of its dedicated physical facility for Small and Medium-scale Enterprises (SME) and entrepreneurs in the creative sector. Known as the Fidelity SME Hub, the multipurpose facility features training halls, meeting rooms, networking spaces, podcast rooms as well as music, photography and content production studios. […] More
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in BusinessPricewaterhouseCoopers (PwC) opens 2025 graduate trainee programme
A top professional services firm, PricewaterhouseCoopers (PwC) Nigeria, has announced the opening of applications for its graduate trainee programme for qualified Nigerians. The programme offers graduates a pathway into the organisation. In a statement shared on X, the company disclosed that it is looking for talented graduates to join its Assurance, Consulting & Risk Services, […] More
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in BusinessStandard Chartered Bank speaks on giving single-digit loans to entrepreneurs
The Standard Chartered Bank (Nigeria) Limited has graduated the second cohort of the Revolving Fund Program and has made single-digit loans available to them in partnership with Youth Business International and the FATE Foundation. The bank’s Revolving Fund Program is expected to last for three years. In a statement on Tuesday, February 4, 2025, the […] More
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in BusinessCashew output seen increasing on favourable weather
The National Cashew Nigeria’s cashew output for the 2024/25 season is expected to increase by at least five percent on favourable weather conditions, the National Cashew Association of Nigeria has said. Farmers link the increase in production to quality fruiting of cashew trees observed across major producing states in the country and the mild harmattan […] More
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in Business‘Naira will be affected’ – ABCON speaks as Central Bank of Nigeria (CBN) pushes deadline for dollar sales to BDCs
The Association of Bureau de Change Operators of Nigeria (ABCON) has praised the Central Bank of Nigeria (CBN) for extending the deadline for eligible dealers to access the official foreign exchange market. Aminu Gwadabe, the president of ABCON, stated that the gesture aligns with the apex bank’s efforts to ensure continuity and stabilising the FX […] More