Business News Archives - Page 3 of 4

Dangote Refinery Reduces Petrol Price To N970 Per Litre ‘To Repay Nigerians For Their Support’

AkureNews2 years ago2 years ago01 mins

The Dangote Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), or petrol, to ₦970 per litre, down from ₦990 per litre. This decision was shared in a statement by the refinery’s Chief Branding and Communications Officer, Anthony Chiejina, on November 24, 2024. The move is described as a gesture…

Honoring the Innovative CEO of ALEMAX CREATIONS FASHION HOME on Her Day of Uniqueness

AkureNews2 years ago2 years ago01 mins

Today, we have the privilege to celebrate the birthday of a true visionary and leader in the fashion industry. The CEO of ALEMAX CREATIONS FASHION, a brand known for its creativity and innovation, is an inspiration to us all. On this special day, we want to extend our heartfelt birthday wishes to the talented CEO….

GTBank announces temporary service disruption as it migrates to new banking application on October 11

AkureNews2 years ago2 years ago01 mins

Guaranty Trust Bank (GTB) has notified its customers of an impending migration of its core banking application system to a new one, which would cause a temporary disruption in banking services. The transition to a new and robust suite of Finacle Core Banking Application Systems is set to commence on Friday, October 11, 2024, and…

ONDO GOVT TO HOST YOUTH EMPOWERMENT RETREAT

AkureNews2 years ago2 years ago03 mins

Days after empowering 20 young entrepreneurs with N3m each, the Ondo State Government has announced plans to hold a comprehensive youth retreat aimed at empowering young people across the state. The initiative, which will bring together youths irrespective of their political affiliations, is designed to equip participants with skills and knowledge for self-reliance, while also…

NNPCL has announced the retail prices of petrol from the Dangote refinery in Lagos and other states.

AkureNews2 years ago2 years ago03 mins

The Nigerian National Petroleum Company has released a breakdown of estimated petrol prices from the Dangote refinery in its retail stations in Lagos as well as other states in the country. In a statement signed by its Chief Corporate Communications Officer, Olufemi Soneye, the company stated that it is buying petrol in dollars from the…

PoS operators clarify issues with CAC registration

AkureNews2 years ago2 years ago02 mins

The Association of Mobile Money and Bank Agents in Nigeria has attributed the low registration rates of Point of Sale (PoS) operators across the country to an ongoing legal dispute with the Corporate Affairs Commission (CAC). The Federal Government, through the CAC, had mandated PoS companies to register their agents, merchants, and individuals by a…

Fuel price: You betrayed Nigerians first, group replies NLC

AkureNews2 years ago2 years ago02 mins

The Citizens for Democratic Dividends in Nigeria on Wednesday faulted the claims by the Nigeria Labour Congress that the Federal Government betrayed its trust by increasing the price of fuel despite the agreement over the new minimum wage of N70,000, which was way below the initial proposal of the organised labour. The group, in a…

POS Registration: Operators Sue Federal Gov’t As Deadline Ends Today

AkureNews2 years ago2 years ago05 mins

With today, September 5, 2024 being the deadline given by the Corporate Affairs Commission (CAC) for banking agents, known as Point of Sale(POS) operators to register their activities or face prosecution, the Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has challenged the directive in court. Recall that the federal government through the…

Minimum Wage/Fuel Crisis: NLC Challenges Tinubu’s Aide Over Amnesia Claims

AkureNews2 years ago2 years ago02 mins

Date: September 4, 2024 Subject: Response to Abdulaziz Abdulaziz’s Denial We maintain our position despite recent denials from Mr. Abdulaziz Abdulaziz, Senior Special Assistant to the President on Print Media. Abdulaziz has claimed: “I attended both meetings President Bola Ahmed Tinubu had with Labour leaders on the minimum wage. At neither meeting was an offer…

PENGASSAN Laments the Takeover of Jobs in Nigeria’s Oil and Gas Sector by Indians While Nigerians Youth Remain Jobless

AkureNews2 years ago2 years ago02 mins

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised concerns over the increasing influx of expatriates, particularly Indians, into Nigeria’s oil and gas sector. PENGASSAN President, Mr. Festus Osifo, expressed his alarm during the closing ceremony of the 3rd Energy and Labour Summit in Abuja on Friday, emphasizing that many of…