The federal government has debunked reports that Zamfara State government was buying gold from artisanal miners in the state and selling same to the Central Bank of Nigeria (CBN). A statement issued by the head, press and Public Relations, Ministry of Mines and Steel Development (MMSD), Etore Thomas, said: “Though states through their licensed corporate […]
The Kogi state government says the levy on bread in the state is not a new development. The state chapter of the Association of Master bakers and Caterers of Nigeria (AMBCN) had said it received a memo from the state’s ministry of commerce imposing a levy to be paid “on each loaf of bread”. An […]
The Petroleum Products Marketing Company, a subsidiary of the Nigerian National Petroleum Corporation, has increased the ex-depot price of Premium Motor Spirit, also known as petrol, to N155.17 per litre from N147.67 per litre. The PPMC disclosed this in an internal memo with reference number PPMC/C/MK/003, dated November 11, 2020, and signed by Tijjani Ali. […]
The Kogi state government has introduced a levy on every loaf of bread baked in the state. The state ministry of commerce and industry said the levy is aimed at improving the internally generated revenue. But the state chapter of the Association of Master bakers and Caterers of Nigeria (AMBCN) told TheCable on Thursday that […]
Nearly a third of South Africa’s workforce was unemployed in the third quarter of 2020, a 12-year high, as the continent’s most advanced economy was battered by the Covid pandemic, according to government figures released Thursday. Between July and September, the jobless rate surged by 7.5 percentage points to affect 30.8 percent of the workforce, […]
Bravura Holdings Ltd – owned by Nigerian billionaire, Benedict Peters, has made plans to dig a platinum mine in Zimbabwe with at least a billion dollars, in a report credited to Bloomberg News. The Platinium mine is located in Selous, not too far from the south of Zimbabwe’s capital – Harare, and close to present […]
A customer of Unity Bank Plc, Innocent Okafor and his company, Lexin Agric and Cycles Limited have renewed their legal battle against the financial institution over excessive and illegal charges. The plaintiffs are claiming the sum of N70million being special damages arising from excessive wrongful charges and loss of business profit. The plaintiffs are claiming […]
The Corporate Affairs Commission (CAC) says it has deregistered a company with the business name, “Enough is Enough”. The company name is very similar to Enough is Enough Nigeria (EiE), a civil society organisation which had promoted the #EndSARS protests. The youth had taken to the streets in October to demonstrate against police brutality and […]
Nigeria may face the scarcity of Premium Motor Spirit, popularly called petrol, in coming days as oil workers have been ordered to down tools nationwide. Oil workers under the aegis of the Petroleum and Natural Gas Senior Staff Association of Nigeria were ordered by the association to vacate their duty posts. The order was issued […]
Just before the US election, members of the World Trade Organisation (WTO) elected Ngozi Okonjo-Iweala to be the next director-general of the global trade body. But her nomination was opposed by the Donald Trump-led administration. With Trump now sitting as a “lame-duck” president until January 2021, the incoming administration to be led by Joe Biden, […]
