Oil Marketing Companies in Ghana refuse to reduce fuel prices despite directives from the Institute for Energy Security

The Oil Marketing Companies in Ghana (OMCs) have rejected calls for the reduction in fuel cost to reflect global crude prices. This comes after the Institute for Energy Security (IES) called on government through the National Petroleum Authority (NPA), to bring pressure to bear on the OMCs to reduce prices of fuel at the pumps […]

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MTN Ghana increases turbo net charges; subscribers unhappy

MTN Ghana has increased the price of Fibre Broadband, TurboNet data, and device prices effective 2nd March 2020. The largest telco in Ghana sent a message to its customers before the increase became effective. “Y’ello Valued Customer, in line with previous communication regarding price adjustments, Fibre broadband, and TurboNet data and device prices will increase […]

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Nigeria Spends N183 Billion Annually To Import Cassava Derivatives – CBN

In spite of being the world’s largest cassava grower, Nigeria still spends about $600m (about N183bn) annually to import cassava derivatives; foreign exchange that would otherwise have been used to build public infrastructure. The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, stated this in Abuja on Thursday during the memorandum of understanding (MoU) signing […]

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GOOD MOVE OR NAH?? Lagos To Commence Operation Zero Tolerance On Street And Hold Up Trading

The Lagos Environmental Sanitation Corps (LAGESC) is set to commence Operation Zero Tolerance on Street Trading and hawking across the state in line with the mandate of the present administration of His Excellency, Mr. Babajide Sanwo-Olu at promoting a cleaner, hygienic and aesthetically resplendent environment. The Lagos Environmental Sanitation Corps (LAGESC) through advocacy, as well […]

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We Stand To Lose Over 3 Trillion Naira Over Border Closure – Textile Traders

While the Nigeria Customs Service (NCS) is boasting that it has made nothing less than N2.5 trillion as a result of the closure of borders, the Northern textiles traders are lamenting of incurring huge losses as a result of the policy. The Northern textile traders, through their Spokesperson Alhaji Gambo Danpass, said their losses may […]

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Border Closure: About 500,000 Bags Of Local Rice Sold In One Week – Emefiele

About 500,000 bags of local rice was sold by millers within one week of the border closure, the Central Bank of Nigeria governor, Mr Godwin Emefiele, has revealed. Emefiele made the revelation on Monday while briefing reporters after meeting with President Muhammadu Buhari in Abuja. He said that the Chairman of the Rice Processors Association […]

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Federal Government Increases VAT From 5% To 7.2% (Read Details)

The Federal Executive Council which President Buhari presided over on Wednesday Septmber 11, approved the increment of value added tax (VAT) rate from 5 percent to 7.2% percent. The Minister of finance, budget and national planning, Mrs Zainab Ahmed confirmed the increment at the end of the cabinet meeting. The new rate which will take […]

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Refineries Lost N77.15bn In Six Months – NNPC

Federal Government-owned refineries located in Port Harcourt, Kaduna and Warri lost N77.15bn in the first six months of the year, the Nigerian National Petroleum Corporation has said. The refineries posted a loss of N68.10bn in the same period in 2018, according to the NNPC data obtained by our correspondent on Monday. The Port Harcourt Refining […]

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We Have Invested N900bn On Power Since Assumption Of Office – Osinbajo

Vice President Yemi Osinbajo says the present administration has invested N900 billion in the power sector since it took over from the last administration in 2015. Osinbajo revealed this during his courtesy visit to Chike Edozien, the Asagba of Asaba, on Friday. Noting that one of the problem in the power sector is that Distribution […]

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Breaking! Buhari Signs African Continental Free Trade Area Agreement

President Muhammad Buhari has finally signed the African Continental Free Trade Area, AfCFTA, agreement. The president signed it at the 12th extraordinary session of the assembly of the union on AfCFTA and the first mid-year coordination meeting of the African Union (AU) and the regional economic communities (RECs) in Niamey, Niger Republic. The president signed […]

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