▪︎Queues at a NNPCL filling station in Lagos EMPLOYERS in the Nigerian private sector have warned that the recent hike in petrol prices will causes huge layoffs across industries in the economy. The private sector employers include the members of the Manufacturers Association of Nigeria (MAN), Nigerian Association of Chambers of Commerce, Industry, Mines and…
The Federal Government has declared a state of emergency at the Onne Port in Rivers State following the repeated incidents of importation of dangerous cargo, including arms and ammunition through this port. To this effect, the government said it is immediately implementing emergency protocols at Onne Port for the next three months by conducting thorough…
Segun Ajayi-Kadir, the Director – General of Manufacturers Association of Nigeria (MAN) says the increase in the domestic petrol pump price is inevitable, given the writing on the wall. ” Right from the time fuel subsidy was either reduced or removed, it became inevitable that the price may rise. You will also note the sharp…
“We propose that Nigeria, along with Ghana, Liberia, Gambia, and Sierra Leone — the five English-speaking countries — could have one currency for now. “Then, the Francophone countries could have another currency. Over the years, these two currencies could potentially merge into a single currency”. This was disclosed by Edwin Melvin Snowe Junior, a prominent…
The President of Dangote Group, Aliko Dangote, has presented the first sample of Premium Motor Spirit, commonly known as petrol. Dangote made the presentation on Tuesday during a broadcast at his refinery located in the Ibeju-Lekki area of Lagos State. The refinery, with a capacity of 650,000 barrels per day, has been engaged in a…
The Federal Competition and Consumer Protection Commission (FCCPC), on Tuesday, reacted to the negative criticism by the Organised Private Sector and other interested parties regarding its recent directive to businesses to cease price gouging, price fixing, and other exploitative practices. “Price control is entirely outside the scope of our responsibilities.” In a statement on its…
Rev Isaac Adefemi Agoye, is representing Manufacturers Association of Nigeria, on the Board of the Bank of Industry (BOI), as a non-executive director.Rev Agoye was among the non- executive directors of BOI approved by President Bola Tinubu along with the new 13-member board for the BOI. The new Board is headed by Dr Mansur Muhtar,…
▪︎Dr Muda Yusuf, CEO of CPPE The Centre for the Promotion of Private Enterprises (CPPE) says that the core mandate of the Federal Competition and Consumer Protection Commission (FCCPC) is not to fight inflation. Dr Muda Yusuf, the CEO of CPPE, made the assertion while reacting to the threat by the FCCPC to traverse markets…
Lagos State Governor, Babajide Sanwo-Olu, attending the 2024 Summit of the Forum for China-Africa Cooperation alongside President Bola Ahmed Tinubu., NGF Chairman Governor AbdulRahman Abdulrazaq and Hon. Minister of Finance Wale Edun, in Beijing.
