OPS fears SMEs’ collapse as cash scarcity lingers

OPS fears SMEs’ collapse as cash scarcity lingers

The Organised Private Sector has joined the call on the Central Bank of Nigeria to address the cash scarcity witnessed nationwide, stressing that the country is not developed enough for cashless transactions. Members of the OPS pointed out that the scarcity of cash has adversely affected businesses, especially those in the Micro, Small, and Medium Enterprises category, as they expressed fears of an imminent collapse of MSMEs. “While the intent […]

December 16, 2024 8

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Dangote refinery extends export to three African countries

The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki Hideo. In a statement on Sunday, the company’s spokesman, Anthony Chiejina, quoted Edwin as confirming […]

December 16, 2024 9

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Stakeholders push for property tax to address housing deficit

Stakeholders in the housing sector have called for reforms like property tax to address the growing issue of unoccupied houses, and tax relief to encourage developers to build more houses. News Agency of Nigeria reported on Monday that the stakeholders made their position known at the 6th Edition of the African Housing Awards organised by the Housing Development Advocacy Network in Abuja. They said that the reforms would aid in […]

December 16, 2024 11

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Cabals hijacked Buhari after 2015 victory -Ex-minister Dalung

A former Minister of Youth and Sports, Solomon Dalung, has opened up on the influence of cabals in Nigerian governance, alleging how a powerful group hijacked power after President Muhammadu Buhari’s victory in 2015. Speaking on the Mic On Podcast published on Sunday, Dalung described a cabal as “a group of ambitious people who were also appointed by the same president to help him govern but they will run his […]

December 16, 2024 8

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ECOWAS to approve Niger, Mali, B’Faso’s withdrawal Jan 29

The Economic Community of West African States will on January 29, 2025 begin the process for Niger, Mali and Burkina Faso to formally withdraw their membership of the regional bloc. It declared a six-month transition period lasting until July 29, 2025, within which it would engage withdrawal protocol. President of the ECOWAS Commission, Dr Omar Touray, announced this at the close of the 66th Ordinary Session of the ECOWAS Authority […]

December 16, 2024 6

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2027 presidency: Nigerians will decide, Atiku replies Akume

The 2023 presidential candidate of the Peoples Democratic Party, Atiku Abubakar, stated that there is a six-year difference in the length of time the North and South have held the presidency. Atiku made this remark on Monday in response to the call by the Secretary to the Government of the Federation, Senator George Akume, urging Northerners interested in the presidency to wait until 2031. The former Vice President, in a […]

December 13, 2024 13

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My son qualified to be Edo Commissioner — Oshiomhole

A former governor of Edo State and current Senator representing Edo North, Senator Adams Oshiomhole has stated that his son, Cyril, is qualified to serve as the Commissioner for Health in the South-South state. Oshiomhole made these comments while appearing as a guest on Channels Television’s Politics Today program on Wednesday. In November, Cyril was appointed as the health commissioner by Governor Monday Okphebolo, a close ally of Oshiomhole, shortly […]

December 13, 2024 7

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Mother, two kids injured in Lagos task force raid

A female commuter and her two children were injured on Wednesday during a raid by operatives of the Lagos State Task Force in the Idimu area of Lagos State. The task force officials stormed the Powerline area of the community around 10 am to seize motorcycles. The riders, however, fled their parks to avoid arrest, causing chaos in the area. In the ensuing melee, our correspondent learnt that a rider […]

December 13, 2024 6

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Senate orders Wike to halt Abuja house demolitions

The Senate on Thursday directed the Federal Capital Territory Minister, Nyesom Wike, to immediately halt all ongoing property demolitions in Abuja. This resolution followed concerns over alleged irregularities and hardships caused by the demolitions. In addition, the Senate summoned the minister to appear before an ad hoc committee formed to investigate the demolition activities. The committee, chaired by Deputy Senate President Senator Jibrin Barau, has been given two weeks to […]

December 13, 2024 6

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