Category: Economy
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Traders cautioned against arbitrary hike in food prices
Mr Sabur Oluwa, representing Ajeromi-Ifelodun 2 Constituency in the Lagos House of Assembly (LAHA) has appealed to market men and women to desist from increasing prices of food items arbitrarily.
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Egg sellers open up on persistent price hike
The Egg Sellers and Distributors Association of Nigeria (ESDAN), Lagos State, has appealed to the federal and state governments to further fund the egg industry for better service delivery.
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FG begins sale of subsidised rice in Ogun
The Minister of Agriculture and Food Security, Abubakar Kyari, while speaking during a ceremony to signify the commencement, said it was “one of the numerous programmes initiated to bring succour and relief to Nigerians”.
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Nigeria @64: Tinubu opens up on measure to reduce high cost of living
President Bola Ahmed Tinubu has said his administration is implementing many measures to reduce the high cost of living in the country.
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FG moves to slash cost of transportation
The Presidential Compressed Natural Gas Initiative (PCNGI) on Friday started a Transport Fare Drop Programme across the country.
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Borno flood: Food insecurity to worsen – Refugee Commission
The National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI) has expressed fear that the recent flooding in Maiduguri, Borno may increase food insecurity. Alhaji Tijani Ahmed, the Federal Commissioner of the commission expressed this concern at a media briefing on Thursday in Abuja.
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FG set to boost oil production to 2 million bpd
Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), says Oando’s acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company (NAOC) will ramp up crude oil production to two million barrels per day (bpd).
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Customs rakes in N277bn from import duties in August
Spokesperson of the Nigeria Customs Service (NCS), Mr Abdullahi Maiwada, on Thursday said the service collected N277.5 billion as import duties in August. Maiwada made the disclosure during the monthly news conference organised by the Strategic Communication Interagency Policy Committee (SCIPC) and hosted by the NCS in Abuja.
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Nigeria’s exports hit N2.7bn in 6 months – NEPC
The Nigerian Export Promotion Council (NEPC), says exporters raked in ₦2.7 billion from January to June. The Executive Director of NEPC, Nonye Ayeni, said this at a one-day sensitisation seminar for exporters on export contracts and use of International Commercial Terms ( INCOTERMS) organised by the council in Owerri, on Thursday.
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FCCPC gives traders moratorium to crash prices of goods
The Federal Competition and Consumer Protection Commission (FCCPC), has given one month moratorium to traders and other market stakeholders involved in exploitative pricing to crash the prices of goods.