Petrol hits N1,300 per litre in Nigeria, businesses prepare for inflation surge

As petrol prices jumped to about N1,300 per litre in various parts of Nigeria on Monday, businesses across the country are beginning to prepare for a sharp rise in their operational costs. Confirmed by economists and the Organised Private Sector, they warned that the hike could fuel inflationary pressures, affecting goods and services, while companies […]

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Beggar possesses three houses, cars, other businesses acquired from proceeds of begging

A leprosy-stricken beggar on the streets of Indore in the Indian state of Madhya Pradesh, turned out to be a true slumdog millionaire, with several houses, vehicles and businesses to his name, the media in India reported. As part of concentrated efforts to make Indore a beggar-free city, local authorities recently rescued a physically-challenged man […]

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National grid shut down, aviation disrupted, businesses paralyze as ASUU, TCN, banks, others join NLC nationwide strike

Several unions in Nigeria have shut their workplaces to comply with the directive of the two labour unions, Nigeria Labour Union (NLC) and the Trade Union Congress of Nigeria (TUC) to embark on an indefinite nationwide strike. The Transmission Company of Nigeria (TCN) says the Labour union has shut down the national grid, resulting in […]

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Killing Small Businesses Softly, By Simon Kolawole

Some years ago, I was at the Nnamdi Azikiwe University, Awka, Anambra state, for a public lecture. An obviously popular lecturer was invited to the podium to make his contributions. Students went gaga, screaming his nickname and giving him a standing ovation. In the euphoria, he posed elegantly in front of the microphone and started […]

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