Templates by BIGtheme NET
Home / Business (page 20)

Business

Cash shortages at ATMs, Banks in Yenagoa induce low-key Christmas celebrations in Bayelsa

Shortage of cash occasioned by heavy withdrawals by high net worth individuals has meant gloomy Christmas for most bank customers in Yenagoa, Bayelsa capital. Checks  indicated that the cash shortage affected most commercial banks in the state as their Automated Teller Machines (ATM) were depleted of cash before Christmas and have remained so. Some residents who spoke on the development regretted ...

Read More »

Passengers stranded at Lagos airports over increased fares

Hundreds of intending passengers were on Thursday stranded at the two domestic Lagos airports over hike in, fares by airline operators. The operators capitalised on the Christmas rush to increase their fares.According to the reports gathered, the air ticket for an hour flight currently ranged from N30, 000 to N43, 000, depending on the carrier.  This was against N18,000 to ...

Read More »

Global coal demand to reach 9bn tonnes by 2019

Global demand for coal over the next five years will continue marching higher, breaking the 9-billion-tonne level by 2019, the International Energy Agency (IEA) said in its annual Medium-Term Coal Market Report just released. This is just as Nigeria, with abundant coal reserves spread across Enugu, Kogi, Nasarawa and Gombe states, is yet to fully utilize its deposits. The Minister ...

Read More »

FG may reduce pump price as petrol landing cost now below N97

Against the backdrop of the fall in global oil prices, the landing cost of Premium Motor Spirit, commonly known as petrol, has dropped to N82.57 per litre as of Thursday, December 18, from N127.57 on November 3. The Federal Government may reduce the petrol pump price as  government spending on petrol subsidy has, therefore, fallen to a five-year low of ...

Read More »

Job losses loom as Naira sells 194 to dollar

The continuous fall in the price of crude oil in the international market and the recent devaluation of the nation’s currency, the naira, are putting serious pressure on the economy, with the currency experiencing a free fall. The naira exchanged for between 192 and 194 to the United States dollar at the parallel or street market on Friday. Earlier in ...

Read More »

Fuel scarcity cripples activities in Abuja

By EUCLID Agunwa, Abuja Unprecedented stretch of vehicles were witnessed in almost all the major filling stations as early as 5am Monday following the indefinite strike declared by the  Nigeria oil workers under the aegis of the Nigeria Union of Petroleum and Natural Gas Workers  (NUPENG) and Petroleum and Natural Gas Senior Staff Association (PENGASSAN). Most commercial vehicles were trapped ...

Read More »

Stop imposing Caretaker Committee on traders, Ex-OMATA boss tells Anambra  Govt

Former President General of Onitsh Markets Amalgamated Traders Association (OMATA) Chief Pius Ozoh Aniekwe has appealed to the Anambra State Governor Chief Willie Obiano to prevail on the State Commissioner for Commerce and Industry Chief Ifeatu Onejiema  to stop the appointment of caretaker committee to oversee the affairs of traders and markets in the state. Briefing Journalists in Onitsha at the weekend, ...

Read More »

FG to sell N65 billion in sovereign bonds

 The Debt Management Office (DMO) on Thursday, announced it planned to sell N65 billion worth of sovereign bonds on December 17. The debt office, in a circular posted on its website said that the bonds’ maturity dates would range from three, 10 to 20 years. The three-year bonds will be for N10 billion, the 10-year tenor bond would be for N30 ...

Read More »

Alison-Madueke elected first female OPEC President

Members of the Organisation of Petroleum Exporting Countries, OPEC, have elected Mrs. Diezani Alison-Madueke, Minister of Petroleum, as its president, making her the first female president of the oil cartel. Alison-Madueke, who is currently the Alternate President of OPEC, was elected at the 166th meeting of the OPEC Conference in Vienna, Austria, and will assume office from January 2015. She ...

Read More »

Dangote Farms begins hybrid tomatoes production in Kano

Dangote Farms have started a pilot hybrid tomatoes production in Kano to meet the demand of it’s tomatoes processing plants in the state, its Managing Director, Alhaji Abdulhamid Kaita, disclosed on Friday. Kaita told newsmen at the end of a two-day stakeholders’ forum on tomatoes value chain in Kano that the company had also introduced the hybrid seedlings to farmers. ...

Read More »

ăn dặm kiểu NhậtResponsive WordPress Themenhà cấp 4 nông thônthời trang trẻ emgiày cao gótshop giày nữdownload wordpress pluginsmẫu biệt thự đẹpepichouseáo sơ mi nữhouse beautiful