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

NEWS

Prices skyrocket as petrol scarcity bites harder

Marketers blame supply shortage, NNPC keeps mum Nigerians have expressed anger and frustration over the prolonged scarcity of Premium Motor Spirit, popularly called petrol, across various states nationwide. It was observed on Wednesday that the scarcity of petrol led to widespread queues by motorists at filling stations in Abuja, Kaduna, Niger, Adamawa, Kano, Bauchi, and Delta, among others. Although the queues were not severe in the South-West, findings showed that […]

August 15, 2024 43

POLITICS

Fuel scarcity looms as depots raise petrol price to N720/litre

Fuel scarcity is gradually surfacing in Lagos and other parts of the country as private depot owners hiked the ex-depot price of petrol from N630 to N720 per litre. This came as fuel scarcity deepened in Abuja and the adjoining states on Sunday with some filling stations dispensing PMS as high as N900/litre. Our correspondents report that a number of filling stations in Lagos, Ogun and some states have run […]

July 8, 2024 34

NEWS

Petrol scarcity: Fuel crisis worsens as depots divert PMS to Abuja

•NNPC rations supply to depots, orders operators to prioritise loading to Abuja •Queues spread in Lagos, Ogun, others, stations raise pump prices as black market thrives Despite claims by the Nigerian National Petroleum Company Limited that the logistic issues causing fuel scarcity had been addressed, Nigerians in Lagos and other parts of the country were still struggling to get Premium Motor Spirit as many filling stations remained under lock and […]

April 29, 2024 35

ENTERTAINMNET

Jumoke Aderounmu planned relocating to UK due to job scarcity — Brother

Adeola, the younger brother to a recently deceased actress, Jumoke Aderounmu, popularly known for her role of Esther in popular sitcom, ‘Jenifa’s Diary’, has said that deceased was actually planning on relocating to the United Kingdom before her demise. Speaking in an interview with Saturday Beats, Adeola noted that Jumoke wanted to relocate to UK, because she was not getting movie roles. On why he did not reach out privately to popular […]

April 15, 2024 23

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