Manufacturers peg price of bag of cement at N8,000 with conditions
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The Federal Government and major cement manufacturers have pegged the price of 50kg bag of cement at between N7,000 and N8,000 depending on the location nationwide. Sen. David Umahi made this known to newsmen after a protracted meeting with major cement manufacturers in the country on Monday in Abuja. The Cement Manufacturers came to an […]
CBN disburses $61m to foreign airlines to settle mature foreign exchange backlog
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The Central Bank of Nigeria (CBN), says it has disbursed 61.64 million dollars to foreign airlines through various Deposit Money Banks (DMBs). According to a statement issued by its Acting Director, Corporate Communications, Mrs Hakama Sidi-Ali in Abuja on Sunday, the disbursement is in fulfilment of CBN’s commitment to eliminate the backlog of pending matured […]
China’s economy enters deflation with July’s consumer prices drop, the first in over two years.
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China’s economy has slipped into deflation as consumer prices declined in July for the first time in more than two years. The official consumer price index, a measure of inflation, fell by 0.3% last month from a year earlier. Analysts said this increases pressure on the government to revive demand in the world’s second largest economy. China’s gross domestic […]
The lndependent Petroleum Marketers Association of Nigeria, Ejigbo Satellite Depot, has raised alarm on pipelines vandalism
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IPMAN Ejigbo Satellite Depot Chairman, Mr Akin Akinrinade, told the NewsAgency of Nigeria (NAN) on Sunday that some vandals, who were found scoopingpetrol on System 2B pipeline in front of Good Luck Estate, Idimu, abscondedwhile the security agents tried to apprehend them.Akinrinade admitted that the continuous vandalism is a setback to the effort ofIPMAN and […]