Eberechi Constance, Author at Nigeria Business Now - Page 66 of 142

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Author: Eberechi Constance

Labour

No more mining licences without plans for local refining, Dele Alake tells firms

No more mining licences without plans for local refining, Dele Alake tells firms Dele Alake, minister of solid minerals development, has said that there will be no more mining licences for investors without plans for local value addition. Alake spoke when members of the house representatives committee on solid minerals[Read More…]

March 20, 2024 by Eberechi Constance Comments are Disabled

Labour

NLC demands Abure’s removal, Barricades LP Secretariat

NLC demands Abure’s removal, Barricades LP Secretariat Members of the Nigeria Labour Congress (NLC) on Wednesday barricaded the secretariat of the Labour Party in protest of an alleged attempt by the party’s national chairman, Julius Abure, to extend his stay in office. The protesters also demanded the sack[Read More…]

March 20, 2024 by Eberechi Constance Comments are Disabled

Business

Adaora Umeoji appoints first female CEO of Zenith Bank

Adaora Umeoji appoints first female CEO of Zenith Bank Zenith Bank has appointed Adaora Umeoji as its new group managing director and chief executive officer (GMD/CEO). The bank stated this on Tuesday, in a corporate filing on the Nigerian Exchange Group (NGX), signed by Michael Osilima, its secretary. [Read More…]

March 19, 2024 by Eberechi Constance Comments are Disabled

Business

Unilever to cut 7,500 jobs worldwide

Unilever to cut 7,500 jobs worldwide Unilever Plc, a British multinational consumer goods company, has announced plans to cut 7,500 jobs globally as part of an overhaul aimed at saving around $869 million (£684 million) over the next three years. In a statement on Tuesday, Unilever said the jobs affected[Read More…]

March 19, 2024 by Eberechi Constance Comments are Disabled

Business

Marketers predict reduction in PMS price as Port Harcourt refinery set to commence operation

Marketers predict reduction in PMS price as Port Harcourt refinery set to commence operation The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced from the Port[Read More…]

March 19, 2024 by Eberechi Constance Comments are Disabled

Labour

Workers threaten to shutdown port, issue 7 days ultimatum

Workers threaten to shutdown port, issue 7 days ultimatum Workers of the Nigerian Ports Authority (NPA) have issued seven days ultimatum to the federal government to immediately reverse the policy on implementation of presidential directive on 50 percent automatic deduction from the internally generated revenue of federal government owned enterprises.[Read More…]

March 19, 2024 by Eberechi Constance Comments are Disabled

Business

CBN Slashes Customs Exchange Rate by 1.5%

CBN Slashes Customs Exchange Rate by 1.5% For the second time in seven days, the Central Bank of Nigeria (CBN) has slashed the exchange rate for computing Customs duties at the nation’s seaports and airports from N1,617.96/$1 to N1,593.41/$1 representing 1.5% reduction. The slash, analysts argued, was as a[Read More…]

March 19, 2024 by Eberechi Constance Comments are Disabled

Business

Experts express optimism as Nigeria’s Foreign Reserves Hit $34.416

Experts express optimism as Nigeria’s Foreign Reserves Hit $34.416 President Bola Ahmed Tinubu’s foreign exchange reforms appear to be yielding the desired result. This is because Nigeria’s foreign exchange reserves hit $34.416 billion, the highest in nine months. The previous recent highest was $34.449 billion on June 20, 2023,[Read More…]

March 18, 2024 by Eberechi Constance Comments are Disabled

Business

FG releases N12.7bn for prepaid meters in army barracks nationwide

FG releases N12.7bn for prepaid meters in army barracks nationwide Minister of power, Adebayo Adelabu, has said that the federal government has released N12.7 billion to provide meters in army barracks across the country. Adelabu said the amount is from the N40 billion earmarked for the mass metering project,[Read More…]

March 18, 2024 by Eberechi Constance Comments are Disabled

Politics

APC picks Idahosa as Edo deputy governorship candidate

APC picks Idahosa as Edo deputy governorship candidate After a bitter governorship primary of the All Progressives Congress (APC) in Edo state, leaders of the party have settled for Dennis Idahosa as deputy governorship candidate. The primary election had split the APC into two fractious groups. Those for Monday Okpebholo,[Read More…]

March 18, 2024 by Eberechi Constance Comments are Disabled