The World Bank says the increase in food prices could push additional six million Nigerians into poverty — calling on the government’s attention for short-term policies to support welfare. The Washington-based institution stated this in its latest report titled ‘COVID-19 in Nigeria: Frontline Data and Pathways for Policy’. In June, the World Bank said an…
Traders at Oyingbo market, downtown Lagos, have raised their voices against the prolonged closure of the market by Folashade Tinubu-Ojo, leader of markets association in Lagos. The traders allege that the lockdown of the market, which has gone on for 13 days, is due to their failure to pay a N5 million fine demanded by…
The National Bureau of Statistics (NBS) says South-East residents paid the highest average price for Premium Motor Spirit (PMS), popularly known as petrol, in October. In its “Premium Motor Spirit (Petrol) Price Watch for October 2021,” released on its website on Tuesday, the NBS said the highest average price was recorded in the South-East zone…
The Nigerian National Petroleum Corporation (NNPC) has entered a five-year agreement worth $1.04 billion with the African Export-Import Bank (Afreximbank), to further promote local exploration of oil and gas in Nigeria and Africa. In a statement made available to Peoples Gazette on Wednesday, Afreximbank said the agreement was signed at the ongoing Intra-African Trade Fair…
The Coordinator of Plateau Potatoes Value Chain, Thomas Muopshin, says no fewer than 1,500 farmers in potatoes and other root crops will be on Plateau for exposition on modern farming. Mr Muopshin said this on Tuesday in Jos. He explained that the conference would bring international investors into the state. Mr Muopshin also noted that…
Electricity users in Warri and environs have decried the escalating bills the Benin Electricity Distribution Company (BEDC) give them amidst poor power supply. “I occupy a two-bedroom apartment. Sometime last year, I was paying N5,000, some months later it was increased to N8,000 and I complained to the bill distributor. I was surprised to receive…
The Nigerian Electricity Regulatory Commission (NERC) says electricity consumers are not required to pay directly for the meters issued to them. This is contained in a statement issued by NERC on Monday. “We wish to reiterate that the National Mass Metering Programme (NMMP), designed to provide all consumers of electricity with meters, is a policy…
A report by the International Monetary Fund (IMF) expert suggests that demand for deposits in Nigerian commercial banks may reduce due to the introduction of eNaira. In the publication released on Tuesday, Jack Ree, an economist with IMF, highlighted the need to manage potential risks that could spring in the cause of making transactions with…
The Canadian International Conference on Trade, Investment and Development (CICTID), a private sector initiative, has unveiled plans for the CICTID 2022 investment summit in Canada. Mr Wale Adesanya, CICTID Chairman, said in a statement on Monday in Lagos that the programme would take place from June 16 to June 19, 2022 in Toronto, Ontario, Canada….
