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Prices of palm, groundnut oil jump in Owerri

palm oil The prices of locally produced palm oil and ground-nut oil have jumped less than eleven days to Christmas. A market survey conducted at markets within Owerri urban on Thursday, shows that 150cl bottle of palm oil sells for between N1, 400 and N1, 600, while ground-nut oil of the same measure, sells for nearly the same amount. A dealer at Ekeukwu Owerri Main Market, Mrs Christiana Ogbonna said that retailers now buy 25 litres container of palm oil at N25, 000 as against the N18, 000 at which price they bought about a month ago. Ogbonna, who attributed the increase in the price of the produce to the general downturn in the country’s economy, noted that palm oil was not that costly last year. “Usually palm oil is expensive from October to January yearly, because these months are the periods when palm fruits are scarce due to low harvest from palm plantations. “What is happening this year is frightening that 25 litres rubber of palm oil could go as high as N25, 000 and yet...

Bird flu resurfaces in Kano

chicken with bird flu Kano State Government on Wednesday announced the resurfacing of bird flu in the state. Dr Shehu Bawa, the Director Veterinary Services, Ministry of Agriculture and Natural Resources, disclosed this in Kano. Bawa said the outbreak was recorded in one of the poultry farms in the state. He said the affected farm had been depopulated while stringent measures were taken to prevent the spread of the disease. “The state government has taken proactive measures to contain the spread of the disease to other farms within the state,” Bawa said. He said part of the measures taken to check the spread of the disease include disinfection of the affected farm and routine surveillance of other farms. Bawa called on farmers to immediately report to the appropriate authority outbreak of the disease in their respective farms to enable government take prompt action. “I am using this opportunity to advise farmers to immediately report any outbreak of the disease to enable gove...

Breaking: Buhari at Naval Dockyard, commissions 3 war ships, 27 patrol boats

President Muhammadu Buhari Nigeria’s president, Muhammadu Buhari arrived Lagos this morning and headed for the Naval Dockyard, Victoria Island to commission three war ships and 27 patrol boats. The president was received by Governor Akinwunmi Ambode at the Murtala Muhammed Airport early this morning and headed straight to the Naval Dockyard for the commissioning. The president is going to commission three war ships. One of the war ships was imported while two others were built locally. The president will also commission 27 patrol boats for the use of the navy to patrol the nation’s water body. Buhari was accompanied on the visit by the Minister of Power, Works and Housing, Babatunde Fashola and army chiefs. Kazeem Ugbodaga Details later…

Access Bank named Nigeria’s Bank of the Year

Herbert Wigwe, Access Bank’s Group Managing Director Access Bank Plc, one of Nigeria’s largest financial services institutions, has been recognised as ‘Bank of The Year – Nigeria 2016’ by The Banker Magazine, a publication of the Financial Times Group. The announcement was made at the seventeenth annual Bank of the Year awards black-tie dinner, held recently in London and attended by senior bankers from around the world. The award celebrates Nigeria’s most inventive bank taking into consideration its comprehensive earnings data, asset and Tier 1 capital growth, and returns on equity. The Banker editorial team also looked for evidence of banks setting new standards for their local industries, whether it was by using new technology or coming up with innovative, cost-efficient ways of expanding their businesses. Group Managing Director/CEO for Access Bank Plc, Herbert Wigwe, said, “Winning this is a recognition of our commitment to delivering banking excellence to our customers. We ...

Enugu Govt moves to eliminate miracle exam centres

Governor Ifeanyi Ugwuanyi of Enugu State The Enugu State Government says it will eliminate the menace of miracle examination centres in the state. The government said it would do this through the abolition of admission of Senior Secondary School (SSS-3) students in any school in the state. Some students take transfer to new schools at SSS III just to get favourable centres to sit for the West African Senior School Certificate Examination (WASSCE) and the National Examination Council (NECO) examinations. Mr Nestor Ezeme, the Chairman of the state Post-Primary School Management Board (PPSMB), told NAN on Thursday in Enugu that the ban was already effective from the 2016/2017 academic season. Ezeme said that the move was part of Gov. Ifeanyi Ugwuanyi’s efforts to improve education in the state to instil academic hard work on students in order for them to do better in terminal exams. “Henceforth, from the new 2016/2017 academic season, all SSS II students must write their WASSCE ex...

Urinating man watches his car roll into river

car rolls into river A man in Germany who pulled over to answer the call of nature had the misfortune of watching his brand-new car roll into a river, rescue services said on Thursday. The 69-year-old man had stopped to relieve himself at a ferry wharf in the town of Leer in north-western Germany, but forgot to apply the handbrake on his four-week-old vehicle. The man had to watch as his car rolled down a steep road into the Ems River where it ended up submerged up to its roof. However, his totally destroyed vehicle was pulled from the river by the fire brigade.

Drama as FIRS seals companies over tax debts

Babatunde Fowler: FIRS chairman The Federal Inland Revenue Service, on Wednesday, continued it tax enforcement exercise in Lagos, shutting down offices of companies owing a variety of taxes. The FIRS enforcement, led by Mr. Umar Bukar Gana, visited the premises of Ace Products and Services, situated at 20, Sanni Ashmiu Close, Awoyaya, Lagos, which has a tax debt of N157.3 million. However, staff of the company refused to open the gate for members of the team despite properly identifying themselves as FIRS officials. The refusal to open the gates lasted about 15 minutes, after which policemen attached to the team forced the gates open for Gana to order company staff out of the premises for the company to sealed. The team also visited Globasure Technology Limited at 10, Ashabi Adewale Close, Lekki Phase 1, Lagos. The company is indebted to the tune of N36.5 million, accumulated between 2007 and 2014 assessment years. The company’s managing director admitted that the organisation...