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NEWS

Management may shut UNIBEN over protests

The Senate of the institution after a meeting, described the students action as unfortunate and said that the institution will be shut if dialogue with the student fails The Senate also expressed concerns over the blocking of the federal highway which caused hardship to vehicle owners, travellers and other commuters. The Senate’s resolution, was contained in a statement by the Public Relations Officer of the institution, Benedicta Ehanire on Wednesday […]

todayJuly 4, 2024 3

NEWS

Cholera: NCDC may declare emergency, Lagos issues safety guidelines

The Nigeria Centre for Disease Control and Prevention said, on Wednesday, it might declare an emergency on the outbreak of cholera in the country. The NCDC Director General, Dr Jide Idris, who spoke in Lagos, said the centre was monitoring the situation and might declare an emergency if data showed that the outbreak had gone beyond a manageable threshold. Olajide spoke at the Adetokunbo Alakija Memorial Travel Medicine Lecture held […]

todayJune 20, 2024 3

BUSINESS

Dangote petrol supply: FG may slash N6tn fuel import

•N520bn monthly fuel import expected to drop as Dangote begins supply June The Federal Government may cut its approximately N6.2tn yearly fuel import bill if the Dangote Petroleum Refinery begins the sale of premium motor spirit as promised by the Chairman of the Dangote Group, Aliko Dangote. Dangote, while speaking at the Africa CEO Forum Annual Summit in Kigali, Rwanda on Friday, assured Nigerians that following the laid-down plans of […]

todayMay 20, 2024 10

BUSINESS

Minimum wage may not be less than N100,000 – Economist

Chief economist at SPM Professionals, Paul Alaje, shares his thoughts with AYOOLA OLASUPO on some of the recent economic policies made by the Federal Government among others Recently, the Central Bank of Nigeria increased Nigeria’s Monetary Policy Rate known as interest rate from 22.75% to 24.75%. What implications will this have on the private sector? What do you think of the Central Bank of Nigeria stimulating this programme at this point? I […]

todayApril 29, 2024 8

BUSINESS

Diesel price drops as Dangote sells N1,225/litre, supplies petrol May

• Dealers get one million litres each at N1,225/litre, price drops in Oyo, Lagos, Ogun The pump price of Automotive Gas Oil, popularly called diesel, has dropped from about N1,700/litre which it sold for a few weeks ago, to around N1,350/litre in some locations across the country following the sale of the commodity by the Dangote Petroleum Refinery. It was gathered on Tuesday that the $20bn worth refinery started pumping […]

todayApril 3, 2024 9

BUSINESS

Manufacturers may sack workers as naira loses 39%

The naira has depreciated by 38.9 percent against the United States dollar at the official I&E window of the Central Bank of Nigeria in the past three months. Data obtained from the FMDQ Securities Exchange revealed that the local currency fell from N745.19/$ on October 3, 2023, to N1035.12/$ as of January 3, 2024. While the naira depreciated from 471/dollar to about 700/dollar at the official market shortly after the […]

todayJanuary 8, 2024 40

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