Friday 10th July 2020,
Hope for Nigeria

Browsing the "Economy" Category

Travel Ban

Flights Resumption: No More VIP Consideration At Airports – Sirika

Minister of Aviation Senator Hadi Sirika last night said as flights resume on Monday, aides of VIP passengers would henceforth be stopped from accessing the terminal. Sirika said airport officials have the right to stop every VIP accessing the terminal [...]

July 3, 2020 Transportation
TikTok

India Bans 59 Chinese Mobile Apps (Full List)

As tensions along the border continue, the Government of India has decided to ban Chinese apps diverting data and those with privacy issues. Government has announced a ban on 59 such Chinese apps, including Tik Tok. Government has decided to [...]

June 30, 2020 Technology
Travel Ban

FG Decides On Interstate Travel Ban, Others Next Week

The Presidential Task Force on COVID-19 said on Monday it had started reviewing the guidelines for lifting of the ban on interstate travels. Speaking at the daily press briefing of the PTF in Abuja, the National Coordinator of the task [...]

June 23, 2020 Transportation
GBFoods

GBFoods Completes ₦20billion Tomato Processing Factory In Kebbi State

Multinational culinary product manufacturer GBfoods has commissioned the recently completed tomato processing factory in northwestern Nigeria, the company said Monday. The ₦20 billion plant, located in Kebbi State, was built in partnership with the Central Bank of Nigeria, Kebbi State [...]

June 20, 2020 Business
electricity tariff would take off in July

New Electricity Tariffs Effective In July – Minister

The Minister of Power, Sale Mamman, has insisted that the new increment on electricity tariff would take off in July. He stated this on Tuesday at the Investigative Public Hearing on Power Sector Recovery Plan and the impact of COVID-19 [...]

June 17, 2020 Power
Sale Mamman

Sale Mamman: Nigerians Now Enjoy 18 To 24 Hours Of Electricity Daily

The Minister of Power, Mr. Sale Mamman, has stated that the entire country currently enjoys between 18 to 24 hours of power every day. Mamman, who spoke in an interview with the Nigerian Television Authority (NTA), maintained that the President [...]

June 11, 2020 Power
Nigerian Airport Officials Pushing Back An Aircraft By Hand

Airport Workers Push Passenger Plane In Nigeria (video)

#PressPlay: Nigerian Airport Officials Pushing Back An Aircraft By Hand Pushbacks are carried out by special, low-profile vehicles called pushback tractors or tugs.WATCH FULL VIDEO: [...]

June 10, 2020 Transportation
270 Indian Workers

270 Indian Workers At Dangote Company Depart Nigeria

At least 270 Indian citizens are on their way home from Nigeria, The PUNCH reports. This is not unconnected to the impact of the coronavirus pandemic. It was gathered that the aircraft conveying the nationals departed the Murtala Muhammed International [...]

June 5, 2020 Employment
Novare lekki

Novare Tenants Get 4-Month Free Rent In Abuja And Lagos

A South African real estate investment firm, Novare, said on Wednesday that tenants at its three shopping malls in the Federal Capital Territory (FCT), Abuja and one in Lagos would not pay rent for four months. The firm also donated [...]

June 4, 2020 Business
FG slashes petrol price to N123.5 per litre

Petrol Pump Price Reduced To N121.50 By FG

The Petroleum Products Pricing Regulatory Agency has announced a new pump price band of N121.50 to N123.50 per litre for Premium Motor Spirit, also known as petrol. The PPPRA, which is an agency of the Federal Government, disclosed this in [...]

June 1, 2020 Oil & Gas
Lagos, Abuja, Port Harcourt, Kano Airports

Lagos, Abuja, Port Harcourt, Kano Airports To Reopen Soon

Major airports in Nigeria will in the “next few days” roar into life after weeks of inactivity caused by the COVID-19 pandemic lockdown. The airports are the Murtala Mohammed Airport, Ikeja; Nnamdi Azikiwe Airport, Abuja; Aminu Kano Arport, Kano and [...]

May 29, 2020 Transportation
N-Power

Nigeria To Disengage 500,000 N-power Beneficiaries ‘soon’

About 500,000 persons engaged in Nigeria’s social investment programme N-Power will have to look elsewhere for means of livelihood as the government is set to terminate their existing engagement. Their current engagement, spokesperson for the humanitarian affairs, disaster management and [...]

May 28, 2020 General, Power
FAAN

FAAN Gives Guidelines For Passengers Ahead Of Flight Resumption

THE Federal Airports Authority of Nigeria (FAAN) has said passengers should brace up for rigorous health checks at the airports, flight delays and increase in airfare when restrictions are lifted and operations resume post COVID-19. Speaking at an aviation webinar [...]

May 27, 2020 Transportation
Kaduna-Kano Rail

Salihu Tanko Yakasai: Kaduna-Kano Rail Will Never Be Completed – Ganduje’s Aide

Salihu Tanko Yakasai, a media aide to Governor Ganduje of Kano state, said the Kaduna-Kano rail project will never be completed. Yakasai stated this on Twitter. Minister of Transportation, Amaechi, in 2019 had said that the Federal Government had secured [...]

May 26, 2020 Transportation
Onitsha bridgehead

Anambra And Delta Reach Agreement On Onitsha Bridgehead Barricade (Pics)

IgbereTV reports that officials of Anambra and Delta State Government met on Tuesday to agree and strategize on the barricading of Onitsha bridgehead, as part of the measures to ensure proper compliance to NCDC Protocols on partial relaxation of lockdowns [...]

May 26, 2020 Transportation
pandemic

FG Appeals To Traders, Transporters Not To Hike Prices during Pandemic

The Federal Government has appealed to traders not to hike prices of food items and transportation as the country battles to contain the Coronavirus (COVID-19) global pandemic. Alhaji Lai Mohammed, the Minister of Information, Culture, and Tourism, made the appeal [...]

May 22, 2020 Business
coronavirus cases recorded in the state are from oil workers

Wike: 60% Of COVID-19 Cases In Rivers Are Oil Workers

Rivers State Governor, Nyesom Wike, has stated that 60 per cent of coronavirus cases recorded in the state are from oil workers returning from rigs. Governor Wike disclosed this when the Management Team of Mobil Producing Nigeria Unlimited paid him [...]

May 21, 2020 Oil & Gas
Bode George

Bode George: Pumping Billions In School Feeding When Schools Are Closed Absurd

Bode George: All over the world, from Australia to the farthest reaches of Iceland, from the blue fields of Nicaragua in South America to the steppes of Asia – every inch of moth­er earth is infected with the scourge of [...]

May 18, 2020 Economy
Air Peace

Air Peace To Evacuate Nigerians From China Today Over COVID-19

One of Nigeria’s domestic carriers, Air Peace, is expected to leave for China today to evacuate Nigerians willing to leave the country as a result of the COVID-19 pandemic. A source in the airline confirmed that the flight would take [...]

May 18, 2020 Transportation
Nigerian Roads Don’t Have Lane Markings

How Come Nigerian Roads Don’t Have Lane Markings?

Nigerian Roads Don’t Have Lane Markings: Some roads may have lanes when just constructed, but as soon as they start to fade away, that is the end of the lane marking on that road, almost never to be re-marked again. [...]

May 15, 2020 Transportation
Adazi-Nnukwu

Adazi-nnukwu Distributes Palliatives To Poor Homes (photos )

Recently, the traditional ruler of Adazi-Nnukwu, Igwe Prof. Augustine Ik. Obiekezie (Adama Adazi-Nnukwu) concerned about the negative effects of Coronavirus pandemic on indigenes and residents of Adazi-Nnukwu, called for support from the town’s union and well-to-do individuals to provide palliatives/succor [...]

May 13, 2020 Economy
N19.63billion council funds

Ihedioha Sues Imo Assembly Over Probe Of ‘missing N19.63b Council Funds’

Former Imo State Governor Emeka Ihedioha has asked an Owerri High Court to stop the House of Assembly from probing him for allegedly mismanaging N19.63billion council funds. The state Auditor-General for Local Government and Chieftaincy Affairs had issued an interim [...]

May 11, 2020 Economy
coronavirus pandemic

Billionaires Supporting Fight Against COVID-19

There is no doubt that the coronavirus pandemic has exposed the frailties of the human race. It has also wrecked the world economy. However, it has also brought out the best in some people as many Nigerians have come to [...]

May 10, 2020 Business
Nigerian Entrepreneurs

Adegoke Olubusi, Bolatito Ovia, Dimeji Sofowora Who Launched Helium Health

Meet Nigerian Entrepreneurs Who Raised $10M To Transform Africa’s Healthcare – Forbes For decades African hospitals had been operating entirely manually, from taking notes on paper on how many patients entered the hospital on any given day, to what type [...]

May 9, 2020 Business
N1000 Note Wear Face-Masks

Personalities On N1000 Note Wear Face-Masks As Artist Draws Note On The Wall

A Nigerian Artist, Bamaiyi Danladi Art, pictured painting on the wall for this COVID-19 season. He drew a 1000 Naira note with nose mask on the faces of those on the notes. [...]

May 7, 2020 Economy
40 travellers en route Lagos State from Kano State have been intercepted in Niger

40 Lagos-bound Travellers From Kano Intercepted At Niger

At least 40 travellers en route Lagos State from Kano State have been intercepted in Niger State, The PUNCH reports. This was contained in a statement signed on Wednesday night by Mary Noel-Berje, Chief Press Secretary to Governor Abubakar Bello. [...]

May 7, 2020 Transportation
Flour Mills Of Nigeria

COVID-19: Flour Mills Of Nigeria Distributes 35,000 Test Kits To Kano, 14 States

*Covid-19: Flour Mills of Nigeria intervenes, distributes 35,000 test kits to Kano, Lagos, 13 others. Orders 25,000 more* The Flour Mills of Nigeria Group (FMN) has distributed 35,000 testing kits to Kano, Lagos and other states to help the country’s [...]

May 7, 2020 Economy, General
Marketers Say Petrol Price Could Further Drop By ₦8/Litre

Petrol To Sell At 117 Per Litre As PPMC Slashes Ex-Depot Prices

THE Petroleum Products Marketing Company (PPMC), Wednesday, slashed the ex-depot price of Premium Motor Spirit (PMS), also known as petrol, to N108 per litre, a move reflecting the drop in crude oil prices. It is also expected to result in [...]

May 7, 2020 Oil & Gas
Lagos

Lagos Orders Markets To Open On Selective Dates Over COVID-19

The Lagos State Government has issued new guidelines for the reopening of markets and shopping malls in the state as part of efforts to curb the spread of the Coronavirus pandemic following Governor Babajide Sanwo-Olu’s announcement of the gradual easing [...]

May 4, 2020 Business
Power Mech Staff

Power Mech Staff At Dangote Refinery Complain Of Work Despite Lockdown

Power Mech Staff Complain Of Being Forced To Work Despite Lockdown Staff of Power Mech company working on the Dangote Refinery have complained to the Indian Prime Minister, Narendra Damodardas Modi of the actions of their employers. They claim that [...]

May 2, 2020 Employment