Category: Business News
-
Our cement price is N2,510 from factory – Dangote
Management of Dangote Cement Plc has said that the price of its product per bag from the factory was between N2,450 in Obajana and Gboko, and N2,510 in Ibese, inclusive of VAT. Dangote additionally charges their customers only N300 – 350 per bag for deliveries within a 1,200km radius. He was reacting to a report…
-
FAAN issues new directives to drivers on picking up arriving passengers
The Federal Airports Authority of Nigeria (FAAN) on Monday announced that drivers are prohibited from picking up passengers at the frontage of airport terminals but are to pick them up only at car parks. TheNewsGuru.com, TNG reports that this was disclosed in a statement on Monday by the General Manager, Corporate Affairs, Henrietta Yakubu. PRESS…
-
Obaseki sparks nationwide controversy over claims FG printed N60bn to augment depleted March allocation
Ever since Edo State Governor, Godwin Obaseki raised the alarm that Nigeria might collapse economically because of global shrinking oil revenue which happens to be the nation’s mainstay, Nigerians have continued to question the federal government fiscal policies. TheNewsGuru.com, TNG reports that Governor Obaseki revealed that the federal government printed about N60 billion to augment…
-
How Foluso Amusa is adding value to businesses through Morgans Consulting
Every successful business enterprise is built first and foremost on being a solution provider to one’s clients. This is what Foluso Amusa, CEO of The Morgans Consulting Limited Nigeria, has been able to do. Amusa who has worked with various reputable financial institutions like KPMG, Deloitte and Accenture noted that his experiences has made him…
-
Maritime workers threaten to shut port operations nationwide in seven days
The Maritime Workers Union of Nigeria (MWUN) has issued a seven-day ultimatum to the Federal Government to compel the International Oil Companies (IOCs) over refusal to allow Stevedoring companies and Dockworkers into their operational areas as required by law in the past eight years. In a statement signed on Friday, President-General, and Secretary-General of MWUN,…
-
TRENDING: Africa’s richest man, Aliko Dangote under fire for selling bag of cement for N1800 in Zambia, N3500 in Nigeria
Nigerians are not taking it easy with Africa’s richest man, Aliko Dangote for selling a bag of cement for N1,800 in Zambia and selling same for N3,500 in Nigeria; a N100 less of double the Zambian rate. According to reports, the Zambia Board of Commissioners of the Competition and Consumer Protection Commission said it ordered…
-
Oscar Onyema completes 10-year tenure as CEO of NSE
The Nigerian Stock Exchange (NSE) says Mr Oscar Onyema has completed his tenure as its Chief Executive Officer (CEO) after a 10-year period. Mr Olumide Orojimi, NSE Head of Corporate Communications, said in a statement on Tuesday in Lagos, that a closing gong ceremony was held on April 1 to honour Onyema. Also, Otunba Abimbola…
-
IMF projects six per cent growth for global economy
The International Monetary Fund (IMF) says the global economy is projected to grow at six per cent in 2021, moderating to 4.4 per cent in 2022. The April 2021 World Economic Outlook (WEO) was presented on Tuesday in Washington D.C. by Gita Gopinath, the fund’s Chief Economist at the ongoing IMF/World Bank Spring Meetings which…
-
Most of the youth population in Africa not gainfully employed- Elumelu
The Chairman of Heirs Holdings, the United Bank for Africa, Transcorp and founder of the Tony Elumelu Foundation, Tony Elumelu, has said most of the youth population in Africa are not gainfully employed. Elumelu made this known during his keynote speech at the ongoing Joshua Generation International Youth Conference holding at University of Nigeria, Nsukka,…
-
Nigeria missing as IMF grants debt pardon to 28 countries
Nigeria has been excluded from the list of 28 countries granted debt pardon by the Executive Board of the International Monetary Fund (IMF). TheNewsGuru.com, TNG reports that the Board has approved a third tranche of grants for debt service relief for 28 member countries under the Catastrophe Containment and Relief Trust (CCRT). This approval followed…