Category: Economy
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EXCLUSIVE: Unilever fires staff after massive donations for Coronavirus
Multinational company, Unilever has fired a massive number of staff in Nigeria after donating the sum of 100 million euros to help fight the dreadful global Coronavirus disease (COVID-19). TheNewsGuru.com (TNG) reports Unilever, one of the world’s leading consumer goods companies, also fired a number of brand ambassadors in the country. The dismissal, TNG learnt,…
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IPMAN confirms purchase of PMS at N108 per litre ex-depot price
The President, Independent Petroleum Marketers Association of Nigeria (IPMAN), Mr Chinedu Okoronkwo says its members have started buying Premium Motor Spirit (PMS) also known as petrol at N108 ex-depot price as announced by NNPC. Okoronkwo, who made this known in an Interview in Abuja, on Sunday, said the new price is only good for those…
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COVID-19: Labour minister speaks against impending total lockdown in Nigeria
The Minister of State for Labour and Employment, Festus Keyamo has aired his personal opinion, speaking against any plan to further place the country on total lockdown as a measure to curtail the spread of the Coronavirus disease (COVID-19). TheNewsGuru.com (TNG) reports Festus Keyamo took to his official Twitter handle on Sunday to say another…
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$3.4bn loan: Keep receipts of spending, IMF tells Nigeria
Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) has advised the President Muhammadu Buhari-led federal government of Nigeria to keep receipts of spending of the $3.4bn emergency financial assistance. TheNewsGuru.com (TNG) reports Kristalina Georgieva, who gave the advice on Tuesday in an interview with CNBC Africa revealed that the IMF had already disbursed the $3.4bn…
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IMF officially disburses $3.4bn loan to Nigeria
The International Monetary Fund (IMF) has officially disbursed the $3.4bn emergency financial assistance to Nigeria, IMF Managing Director, Kristalina Georgieva has said. TheNewsGuru.com (TNG) reports the IMF chief made this known on Tuesday in an interview with CNBC Africa as the Coronavirus disease (COVID-19) continues to take tolls across the country. “Nigeria has been hit…
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BREAKING: Nigeria posts $434.85m crude oil sales amid falling prices
Amid global fall in crude oil price, Nigeria recorded crude oil and gas export sales of $434.85 million in January, 2020, an increase of 94.30 per cent pitched against the December 2019 figures, the Nigerian National Petroleum Corporation’s (NNPC) Monthly Financial and Operations Report, released today, in Abuja has stated. The statement by the corporation’s…
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Covid-19 pandemic: Top business gainers and losers
By Oluwaseun Adesanya In the early 2015, one of the most adorable personalities in the world, Bill Gates came on TED to discuss on “The Next Outbreak? We’re not ready”. This particular event was immediately after the world survived the outbreak of Ebola, and he explained how we reacted to the emerging epidemic with detailed…
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PDP demands open forensic investigation of subsidy under Buhari
The Peoples Democratic Party (PDP) has called on the National Assembly (NASS) to carry out an open forensic investigation into payment of oil subsidy under the President Muhammadu Buhari administration. TheNewsGuru.com (TNG) reports the party made the call on Tuesday in a statement signed by Kola Ologbondiyan, National Publicity Secretary of the party. According to…