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Daily Archives: May 15, 2020

Electricity workers’ union threatens strike over president’s sack

Electricity workers’ union threatens strike over president’s sack

Electricity workers under the aegis of Senior Staff Association of Electricity and Allied Companies have threatened to embark on industrial action over what they described as the unlawful sacking of the union’s President, Chris Okonkwo. The union is also alleging ...

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Nigerians to start renting cooking gas cylinders – FG

N10tn spent on fuel subsidy in 15 years – Marketers

The Federal Government on Thursday announced that it was creating micro-distribution centres where users of cooking gas would access the commodity at affordable rates and   rent cylinders. It also disclosed that the Nigerian National Petroleum Corporation and other oil marketers ...

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Nigerian railway insists on face masks, others

Nigerian railway insists on face masks, others

The Nigerian Railway Corporation has said it is now compulsory for its workers and other people coming to the NRC premises to use face masks. Managing Director of the corporation, Fidet Okhira, stated this in Lagos while inaugurating a safety ...

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Bellwethers lift NSE’s index further by 0.77 per cent

Nigerian Breweries, Stanbic lead as market gains N9bn

Following sustained interest in most high cap stocks, transactions on the equities sector of the Nigerian Stock Exchange (NSE), continued in an upbeat yesterday, causing the All-Share Index (ASI) to rise further by 0.77 per cent. At Thursday trading, the ...

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Currency in circulation rises by N11.38bn in one month

Currency in circulation rises by N11.38bn in one month

The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31, 2020. Latest statistics obtained from the Central Bank of Nigeria on Thursday indicated a rise of about N11.38bn in the ...

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Nigeria needs N10.1trillion to improve economy

Nigeria needs N10.1trillion to improve economy

To ameliorate the impact of COVID-19 and oil price decline, Nigeria may require up to N10.1trillion worth intervention to improve the economy. Specifically, the Nigerian Economic Summit Group (NESG), in its Macroeconomic Outlook Update, titled: “COVID–19, Global oil price and ...

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Oil records second monthly drop, unsold cargoes increase

Oil records second monthly drop, unsold cargoes increase

Brent appreciates marginally to $30.40/barrel Crude oil in the Organisation of Petroleum Exporting Countries reference basket dropped for the second consecutive month in April, shedding 48 per cent of its worth, as cargoes of unsold oil continued to accumulate, OPEC ...

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