The price of Petrol has increased to about N617 per litre, TheHILL can confirm. A visit to a few filling stations in Uyo metropolis by our reporter confirmed that the fuel price has now been adjusted from N540 to N617 per litre. Another Customer who confirmed this development to our medium simply said “It […]
A financial expert, Mr Okechukwu Unegbu, has decried the proliferation of “loan sharks” in the Nigerian financial system, describing them as dangerous to the economy. Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), disclosed this in an interview on Sunday in Abuja. He urged the Central Bank of Nigeria […]
At the backdrop of sustained supply gap in Nigeria’s foreign exchange (forex) market, the local currency, Naira, has hit a new low at the weekend, trading N803.9 to a dollar in the Investors & Exporters (I&E) window which is the official forex market and N822/$ in the parallel market. According to findings by our […]
By Ubong Creativity David Household conditional cash transfer (CCT) programs globally offer countries a new way to tackle poverty. It also improves socio economic conditions of very poor households, but reports showed that many of such programs have failed woefully. CCT has been implemented in Brazil, Indonesia, India, among other countries, but I don’t […]
Governor Hope Uzodimma at the weekend rose to the challenge of hardship recently made worse by the removal of fuel subsidy in the country, raising the minimum wage of workers in Imo State to N40,000. TheHILL understands that currently, Nigeria operates the National Minimum Wage structure. The current N30,000 minimum wage for federal and […]
By Ukpong Ukpong Governor Umo Bassey Eno of Akwa Ibom State is asking for community land from chairmen of local government areas. According to news, this request was part of his remarks during a Thanksgiving service for his election victory held at The Apostolic Church, Ikot Ekpene Udo, his hometown, on Sunday July 9, […]
The Chairman, Ibom Power Company Ltd, Engr. Etido Inyang says it is a welcome development as the Federal Government has unbundled the power sector which will facilitate efficient power generation and distribution, as well as attracting more investors to the sector. He said this recently during a media interface in Uyo. According to him, […]
The Federal Competition and Consumer Protection Commission has said it will delist any loan application harassing customers and ask Google to permanently delete such apps from its app store. This was in response to the continued harassment and defamation being meted on Nigerians by these digital lenders. It was also the newest measure implemented […]
The recent 40 per cent hike in the exchange rate for cargo clearance at the seaports and the increase in tariff on imported cars by a terminal operator, Ports & Terminal Multipurpose Limited, has led to about 70 per cent drop in the sale of second-hand imported cars, our paper reliably gathered According to […]
Central Bank of Nigeria has said it will intervene to resolve issues around the new charges adopted by Point of Sale operators in Nigeria. Already, Point of Sale agents are meeting with stakeholders across the country to agree on changes in transaction charges for PoS services. This is following increases in PoS charges across […]