The International Air Transport Association has said the price of jet fuel has continued to increase in recent weeks, with its price increasing by 70 per cent since the start of 2021. According to IATA, the Switzerland-based trade organisation representing over 290 international airlines, the increase in Jet A1 price …
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The 36 states and the Federal Capital Territory generated N849.123bn as Internally Generated Revenue (IGR) in 2021 compared to N612.87bn in 2020. A report by the National Bureau of Statistics (NBS) yesterday disclosed that N398 billion was generated in the first quarter of 2021 and N450bn in the second quarter, …
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The Minister of State, Federal Ministry of Mines and Steel Development, Uchechukwu Sampson Ogah, on Tuesday, in Abuja insisted that capital punishment against illegal miners is the potent way of stopping fleecing of nation’s resources in the mining and solid minerals sector. This was even as he said that the …
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The President, Major General Muhammadu Buhari (retd.), on Tuesday, said that Nigeria will soon end the importation of wheat which he said gulps 2 billion dollars annually. Buhari stated this on Tuesday while launching the first ever rainfed commercial wheat cultivation which took place in Bassa Local Government Area of …
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First City Monument Bank has put out an alert on accounts held by people between the ages of 18-30, asking staff to be on the lookout for money launderers and other criminal activities. An internal email seen by Peoples Gazette titled “Compliance Advisory on Cryptocurrency Dealing/Transactions” is in furtherance of the Central …
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The Federal Lawmaker, representing Egbeda/Ona Ara Federal constituency, Hon. Akin Alabi has moved a motion the curtail the excesses of online loan providers in the Country. The major pay day loan providers had earlier resorted to underhanded tactics like harassing the entire contact list of alleged loan defaulters and breaching …
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States recorded N849.12bn Internationally Generated Revenue in the first half of 2021 financial period. Figures obtained from the National Bureau of Statistics on Internally Generated Revenue Report at State level for Half Year 2021 revealed on Monday. Lagos led the states as it recorded N267.23bn IGR, while Yobe had the …
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With Central Bank of Nigeria (CBN) suspending Foreign Exchange (FX) supply to Bureau De Changes (BDCs), a total of six banks in nine months of 2021 generated N145.6billion income from trading in FX. The six banks in prior nine months of 2020 had generated a total of N47.16billion from trading …
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A Federal High Court, Lagos, has restrained Shebah Exploration and Production Company Ltd, Sheban Petroleum Development Company Ltd, and Dr. Ambrose Orjiako and persons acting on their behalf from withdrawing from the accounts of nine other defendants and 29 banks. Justice Yellin Bogoro gave the interim order while granting an …
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MIMSHAC-MERKAVIM Automobile Plant in Ikot Ukap, Itu local government area, will be the largest vehicle plant in the country. It is one of the signatures of Governor Udom Emmanuel’s vision to transform Akwa Ibom into an industrial hub. The facility is at 90% completion, and it is the first car …
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