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Business

October, 2023

  • 19 October

    GOCOP member appointed CCCO of NNPCL

    A member of the Guild of Corporate Online Publishers, Olufemi Oladapo Soneye, has been appointed the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited. The Management of the national oil company in Nigeria confirmed the appointment in a statement on its X handle. In the statement on Wednesday, the NNPCL said Soneye, a seasoned journalist with full-time ...

  • 17 October

    Arik Air Workers Resist Secondment To NG Eagle

    Workers of Arik Air are resisting moves by Management in Receivership to second some workers of the airline to the controversial carrier, NG Eagle. The airline which was facilitated by the Asset Management Corporation of Nigeria, AMCON, and later sold to a Nigerian businessman, has requested the secondment of 12 Arik flight operations department personnel in a letter dated October ...

  • 17 October

    World’s first solar SUV: Drives Across Morocco Powered Only By Sun

    A new SUV using solar panels installed on its sloping roof to charge its electric batteries, has been tested in Morocco as manufacturers begin creating cars to be used in places where petrol stations or electric chargers are unavailable. Built by a team of students at Eindhoven University of Technology (TUE), the “world’s first off-road solar-powered vehicle” could help connect ...

  • 17 October

    Inflation rate rises to 26.72%

    Nigeria’s inflation rate rose to 26.72% in September 2023, the National Bureau of Statistics (NBS) has reported. The inflation rate was 25.8 percent in August. The NBS gave the statistics in its monthly Consumer Price Index (CPI) report on Monday. “In September 2023, the headline inflation rate increased to 26.72% relative to the August 2023 headline inflation rate which was ...

  • 17 October

    Reactions as Tinubu picks 24-Yr-Old Son Of APC Chief As FERMA Chairman

    The appointment of Imam Ibrahim Kashim Imam as board chairman of the Federal Roads Maintenance Agency (FERMA) has continued to generate mixed reactions from Nigerians on social media. FERMA is the agency involved in road construction, improvement and connectivity between states. The mandate of this agency which is under the supervision of the Federal Ministry of Work, is also to ...

  • 11 October

    Marketers thwart BUA Cement plot to Sell a Bag @ N3,500

    Marketers are selling the price of Bua cement above N5,000 even after the company said it is slashing the price. They say the price of the cement would not be sold for N3,500 even if Bua slashes its ex-factory price . They said manufacturers must further bring down the ex-factory price to reflect a significant change. The ex-factory price of ...

  • 11 October

    Dangote Cement’s Season of denial, tackles two key price issues

    Dangote Cement is busy denying allegations of it’s price being Cheaper in Other West African Countries, meaning lack of patriotism on one hand ! And also trying to wriggle out a trending plot that it hasreducte price in Nigeria, to tackle BUA cement Dangote Cement Plc has clarified that its cement pricing aligns with, or even falls below, the prevailing ...

  • 11 October

    Monumental Crisis: Naira plunges to 1,025 per Dollar

    The worst fear that dollar to naira would rise above 1,000 has happened ! And the consequences are alarming..The forex crisis would kill many industries. The cost of production is increasing following the falling value of naira. The naira fell further on Tuesday as it exchanged for the dollar at the parallel market between 1,005/$ and 1,025/$. YOUNEWS posits that ...

  • 11 October

    Marketers list evidences of subsidy return, says FG’s lying

    Oil marketers have come out again to tackle the Group Chief Executive Officer, NNPCL, Mele Kyari, for denying the reintroduction of petrol subsidy. They are insisting that fuel subsidy had returned, as they explained that the landing cost of petrol as of last week was N720/litre. Oil marketers, on Tuesday, countered the position of the Federal Government, as they insisted ...

  • 9 October

    How Tinubu Falls Into Subsidy Racketeers’ Trap

    President Bola Tinubu has fall prey to fuel subsidy criminals. And his government is secretly paying subsidy ! Mr President goofed full-time by playing into the hands of subsidy racketeers, by making the statement that subsidy was gone. And Nigerians have not recovered from that trauma. The Minister of Sports and Youth, Solomon Dalung, made the accusation against President Bola ...