Palliative won’t solve fuel price hike – Truck drivers
The National President of the Heavy-Duty Truck Drivers Association, Uche Nebuwa, has said there will be no remedy to the hike in the pump price of fuel caused by subsidy…
NPA to sell abandoned containers, relieve port congestion
The Nigerian Ports Authority has declared its plan to put containers that have stayed longer than necessary at the ports up for auction in an effort to reduce congestion and…
Sweetener used in Diet Coke, yoghurt, gum ‘possibly causes cancer’ — WHO
World Health Organisation set to announce that an artificial sweetener used in Diet Coke could “possibly” cause cancer. Aspartame, which is used in thousands of products including yoghurt and…
Bloomberg rates Dangote richest man in Africa
Juliet Buna President of Dangote Group, Aliko Dangote, has maintained his position as Africa’s richest man. Bloomberg in its daily top billionaire lists, released on Tuesday, revealed that Dangote with…
Pakistan, IMF reach $3bn loan agreement
Pakistan, which has been experiencing an economic crisis has partnered with the International Monetary Fund for over $3 billion (£2.4 billion). According to BBC, the agreement was finally reached after an eight-month…
First transshipment vessel arrives at Lekki port
The first transshipment vessel to call at the deep seaport's container terminal, the Rimbaud, has arrived, according to Lekki Deep Seaport management. The CMA CGM shipping company's vessel, according to a…
FG saves N400bn in four weeks after subsidy removal
The Federal Government has saved approximately N400 billion as a result of the removal of the subsidy on Premium Motor Spirit, commonly known as petrol. According to The PUNCH,…
NEXIM, Fidelity, Sapphital partner to boost exports
In an effort to increase Nigeria's foreign exchange revenues, the Nigerian Export-Import Bank has established strategic cooperation with Fidelity Bank Plc and Sapphital Learning Limited. According to The Punch, the cooperation…
How external reserves fell by $3bn in six months – CBN
Information acquired from the Central Bank of Nigeria has revealed that Nigeria's external reserves declined by $2.85 billion in the first half of 2023 due to external debt financing, among other…
CBN’s demand for customers’ social media handles unlawful – NDPC
The Central Bank of Nigeria's new instruction to banks to gather the social media handles of their clients as part of expanded Customer Due Diligence standards is illegal, according to…
PenCom deploys agents to recover unpaid pension contributions
The National Pension Commission has announced that it continues to use Recovery Agents to recover unpaid pension contributions and fines assessed against defaulting businesses. According to Vanguard, employee interest in…
Why marketing, ethics are essential to nation-building – ARCON
The Director-General of the Advertising Regulators Council of Nigeria, Dr. Olalekan Fadolapo, has emphasized the importance of marketing and ethics in nation-building. According to Vanguard, during his speech at the 2023…
