Economy

As FG lifts its charcoal ban, the exporter is targeting a $158 billion market.

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February 25, 2023
The Federal Government has announced the conditional lifting of the ban on charcoal and processed wood export in a bid to revamp businesses and increase the country’s foreign exchange earnings. In a statement signed by the Head of Corporate Communications, Nigerian Export Promotion Council, Ndubueze Okeke, the Minister of Environment, Mohammed Abdullahi, disclosed this in Abuja at a…
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Economy

Interest groups are pushing for a plastic ban.

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February 25, 2023
Stakeholders have called on the Federal Government of Nigeria to implement a ban on single-use plastic. The stakeholder who spoke at the Global Alliance for Incineration Alternatives Nigeria Members workshop on Civil Society Organisations Engagement with National and…
Energy

Troublemaker jailed for stealing EKEDC property.

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February 25, 2023
The district court sentenced two perpetrators to various prison terms for damaging property belonging to Eko Power Distribution. This is stated in a statement signed by the Director of Corporate Communications of EKEDC. Abdullahi Yinusa and Abdullahi Musa were arrested and reportedly caught on charges of damaging cables and transformers, respectively, before going to trial. In his statement…
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Energy

Disco waives 408 MW of excess capacity - FG

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February 24, 2023
Distribution companies have increased the amount of electricity they supply and distribute to consumers across the country as the latest federal government data shows a decline in the amount of electricity wasted in nightclubs. Data released by the Federal State Grid…
Aviation

Air Peace suspends flights due to elections.

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February 23, 2023
Air Peace on Thursday announced that flight operations will be suspended on February 25 as a result of the general elections. However flight operations will resume February 26, the local airline assured. The airline disclosed this in a statement via its official Instagram handle. The statement reads, “Members of the public are hereby informed that there will be no scheduled flights on…
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Economy

How rich Africans grew wealth in 2022 – Report

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February 23, 2023
Six out of 10 Africa’s Ultra-High-Net-Worth Individuals grew their wealth in 2022, despite the economic challenges recorded in the year, Knight Frank’s latest wealth research has said. In a statement, it said the drivers of the performance were real estate, currency trades, market timing and, for the first time in more than a decade, the return on cash. It stated, “Using data from Knight…
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