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Business

June, 2023

  • 30 June

    Experts punch hole in Tinubunomics of full deregulation

    Energy expert, Bala Zaka, criticised the Federal Government for deregulating the downstream sector. “When I was explaining what deregulation means right before May 29, many people didn’t understand. Nigeria’s economy is too weak for deregulation. Where is the Dangote refinery? Has it started refining since it was commissioned? “’Just look at what has happened to the naira. It has been ...

  • 29 June

    Mass Promotion in Immigration , 7,000 Officers rejoicing

    The Nigeria Immigration Service (NIS) has confirmed the promotion of 7,000 officers across various ranks and departments. The promotion was confirmed by the NIS on Wednesday was approved by its board and was carried out under the leadership of Acting Comptroller General (CG) Wuraola Adepoju. NIS spokesperson, Kenneth Kure in the statement disclosed that the promotion of the officers was ...

  • 29 June

    Again increase in fuel price looms, N700/litre petrol projected !

    There are indications that there will be an adjustment in price of fuel YOUNEWS gathered that , it may go up now, it could also drop depending on the exchange rate. But, from the look of things, there would be healthy competition which is good for the market. And the good thing is that products would be everywhere, and if ...

  • 29 June

    Subsidy removal in Nigeria collapses businesses in neighbouring countries

    Scrapping of fuel subsidy in Nigeria has caused collateral damages to, black market fuel vendors and commercial drivers in Cameroon, Benin and Togo . The development, YOUNEWS Checks revealed had seen their businesses collapse due to low supplies and high prices. “In Cotonou, the commercial capital of Benin which is about 60km from Nigeria, queues have been building up at ...

  • 28 June

    Plans hot up for 20th Abuja International Film Festival

    The countdown to the 20th Abuja International Film Festival has officially begun! More than ever before, Filmmakers are paying more than usual attention ! YOUNEWS Learnt not a few are getting their films ready as the festival is scheduled to take place from the 30th of October to the 3rd of November 2023. And the clock is ticking, there is ...

  • 27 June

    FG Oks , Wed, Thurs as Eid-El-Kabir holiday, Tinubu may extend his..and many too

    Officially the Federal Government has declared Wednesday, June 28, and Thursday, June 29, 2023, as public holidays in commemoration of this year’s Eid-el-Kabir celebrations. But there are indications from YOUNEWS Findings that any would skip going to work on Friday with cumulative effect of Saturday and Sunday weekend holiday ! A Presidency source said although “the holiday lasts until Thursday, ...

  • 24 June

    This Nigerian Senator would have died on
    submarine expedition!

    The senator representing Delta North, Ned Nwoko, just escaped death by whiskers! Ned Nwoko, Senator representing Delta North District, has narrated how he could have been one of the people on board the ill-fated Titan submarine that exploded on June 18, 2023. In an Instagram post on Friday, Nwoko, husband of Nollywood actress, Regina Daniels, revealed that his friend, Hermish ...

  • 24 June

    Airtel starts 5G in Nigeria, 2 African Countries

    Airtel Africa, a leading provider of telecommunications and mobile moneyservices with a presence in 14 countries across Africa, today in Nigeria began rolling out 5G networkto deliver an enhanced experience to its customers. The 5G network will initially go live in three countries starting in Nigeria and followed by Tanzania andZambia, with plans underway to rollout in the rest of ...

  • 22 June

    Converting petrol Generators to LPG, trending out of Necessity..the dangers

    The recent development concerning subsidy removal, which had led to the hike in the pump price of PMS and the resulting discomfort to the citizens is forcing Nigerians to seek options! Since necessity us the mother of inventions, the resultant hike in fuel is leading to a considerable rise in the conversion of petrol generators in homes and offices to ...

  • 20 June

    Tinubu dissolves boards of NIMASA, NPA, others parastartars

    Barelyan hour after he sacked all the service chiefs, President Bola Tinubu has once again approved the immediate dissolution of the boards of the Nigerian Maritime Administration and Safety Agency(NIMASA), the Nigerian Ports Authority(NPA), the Nigerian Shippers’ Council(NSC) and other “Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies”.In a statement signed by Willie Bassey, the Director, Information at the office ...