Monday, January 18

Tag: Scarcity

Meghan Markle and Prince Harry are ‘Focusing on Production’ to Earn a Living in Hollywood Due to Scarcity of Speaking Jobs
News

Meghan Markle and Prince Harry are ‘Focusing on Production’ to Earn a Living in Hollywood Due to Scarcity of Speaking Jobs

The Duke and Duchess of Sussex, Prince Harry and Meghan Markle are 'exploring other avenues' for work in Los Angeles to earn a living as the Coronavirus pandemic has reduced job opportunities they had from public speaking, Royal insiders have revealed. According to an insider who spoke with Katie Nicholl of Vanity Fair, the couple, who recently moved into a new $14.65million mansion in Santa Barbara, California, with their son Archie, reportedly pitched TV projects to numerous networks and want to focus on Hollywood jobs. "They have to earn a living and clearly there isn’t a market for after-dinner talking right now,' the source said. 'So the public speaking is on hold for the moment and they are exploring other avenues. 'The focus is on production at the moment and I can see ...
Dollar Sells For N445 As Forex Scarcity Persists
Business

Dollar Sells For N445 As Forex Scarcity Persists

The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex market. The extension of the ban placed on flights in the country by the Federal Government, as part of efforts to curtail the spread of coronavirus, further affected the access to forex by the bureau de change operators. The President, Association of Bureax De Change Operators of Nigeria, Alhaji Aminu Gwadabe, said, “The extension of airport lockdown as well as sale of forex to the BDCs pending when air travels resume has impacted the naira negatively from N425/$ to $445/$ in the parallel market. “However, the assurances of the CBN governor to foreign investors on ease of exit have helped to flatten the curve at N445/$ without any sign of further depreciation at...
Fuel scarcity hits Osun
News

Fuel scarcity hits Osun

Despite assurances of availability of Premium Motor Spirit by the Federal Government, many petrol stations in Osun were not selling the product, the News Agency of Nigeria (NAN) reports. A NAN correspondent, who went round the Osun State capital and its environs on Sunday, reports that many of the petrol stations were under lock. Meanwhile, the few petrol stations selling the product had long queues of vehicles. Tayo Arowolo, a fuel attendant in one of the filling stations visited, said the scarcity of the product was as a result of inability of many of the independent marketers to lift the product at the Lagos depot. Arowolo said most petrol stations in the state were hoarding the products and selling to motorists at a particular time while others stopped selling earlier t...
Hungry monkeys raid a School in search of Food
News

Hungry monkeys raid a School in search of Food

More than 20 long-tailed macaques raided a vocational college in Krabi’s Klong Thom district, Thailand on Wednesday morning, apparently to search for food. The monkeys came down from the hills behind an army base in the district and searched through garbage bins. They also ransacked teachers’ rooms and classrooms and caused damage to the school. The primates were apparently not afraid of the teachers and threatened anyone approaching them. Chinachipa Dungsuksai, head of accounts at the college, said the monkeys raided the building for three days running looking for food and sparking fears they would injure someone. Suwat Suksri, head of Thung Thalae Wildlife Sanctuary, said officers tried to lure the monkeys with fruit to cages, which might take a few days. Su...
Economy is Dead Because Buhari Blocked Corruption Money – Man says
News

Economy is Dead Because Buhari Blocked Corruption Money – Man says

A man has come under fire after he stated that Nigeria’s economy is dead simply because President Muhammadu Buhari has blocked access to money gotten from corruption. The man who made the statement on Twitter, said anyone whose business has died since Buhari took over should note that that business must have have been killing Nigeria. He wrote: If Buhari killed your business, your business must have been killing Nigeria. The economy is dead because Buhari has blocked corruption money There is a scarcity of money, not hunger Look at all the hurried infrastructure we started just last week. Nobody should vote to be worse off. Nobody should vote for their own discomfort. THE EMPEROR HAS NO BLOODY CLOTHES ON! THIS ISN’T PART OF ANY GRAND PLAN TO MAKE YOUR LIFE BETTER.
NNPC: $1.05bn Petrol Supply Support Fund Sourced from NLNG Dividends
News

NNPC: $1.05bn Petrol Supply Support Fund Sourced from NLNG Dividends

* Says its monopoly over supply of petrol not good for Nigeria The Nigerian National Petroleum Corporation (NNPC) has disclosed the source of the $1.05 billion revolving fund it said it uses to support its supply of petrol to Nigerians since private oil marketers stopped importing and supplying petrol in the country. According to the corporation, the $1.05 billion was sourced from dividend accruals to it from its investment in the Nigerian Liquefied Natural Gas Limited (NLNG) Limited. In the NLNG, the NNPC holds 49 per cent shares, while Shell; Total; and ENI hold 25.6 per cent 15 per cent and 10.4 per cent shares in the liquefied natural gas business. However, in a statement sent to THISDAY on Friday in Abuja by the Group General Manager, Public Affairs of the NNPC, Mr. Ndu U...
NNPC Debunks Fuel Price Hike Rumour
News

NNPC Debunks Fuel Price Hike Rumour

The Nigerian National Petroleum Corporation (NNPC) has debunked the trending fake news of an impending review of pump prices of petroleum products, especially petrol. A statement Tuesday in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, affirmed that contrary to the misinformation in the social media, the federal government has no plan to review prices of petroleum products either downwards or upwards. Ughamadu said since October 2017, NNPC had been the sole importer of petrol into the country as the Oil Marketing Companies (OMCs) could not import due to the Open Market Price being much higher than the N145/litre official selling price. Government, he said, has no plan to review the market prices of products either upwards or downwards now. ...
Why Nigerian Rice Is Expensive And Scarce – FG
News

Why Nigerian Rice Is Expensive And Scarce – FG

The Federal Ministry of Agriculture and Rural Development on Wednesday blamed the scarcity of local rice in Nigerian markets to disconnect between integrated rice millers and the supply chain. Who or what is responsible for the said "disconnect"? Fatimah Aliyu, a Deputy Director, Rice Value Chain in the ministry, stated this in Abuja. Mrs Aliyu spoke at the 2nd National Congress, Policy Dialogue and Inauguration of the Board of Trustees of Rice Assured Advocacy Forum (RAAF), facilitated by John A. Kufuor Foundation (JAKF). She said though there was a huge market for local rice, integrated millers were reluctant to push out their products for fear of price competition with imported rice. Mrs Aliyu was responding to complaints by representatives of some rice millers who cl...
Ram Scarcity Hits Jigawa, Merchants Opt For Supply From Benin Republic
News, Uncategorized

Ram Scarcity Hits Jigawa, Merchants Opt For Supply From Benin Republic

n preparation for the coming Eid-el-Kabir celebration, there have been reports of ram scarcity across the country as more Nigerians search for where to buy Sallah ram. Some merchants have even resorted to buying from the neighbouring Benin Republic, Punch Metro reports. The spokesman of the Ram Marketers’ Association in Jigawa State, Abba Tagurza, on Sunday attributed the scarcity to what has also contributed to the high price of rams in the market. Tagurza told the News Agency of Nigeria in Hadejia, Jigawa State, that the high demand for rams in the market this season had increased tremendously. He explained that besides the buyers of rams for sacrifice during Eid-el-Kabir, victims of the recent rainstorm that claimed the lives of several animals in the area were patronisi...
4,500 Trucks Of Petrol Diverted ‎During Scarcity — Baru
News

4,500 Trucks Of Petrol Diverted ‎During Scarcity — Baru

The Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, has disclosed that up to 4,500 trucks of petrol were diverted last month during the fuel scarcity. Mr. Baru made this disclosure while speaking before a meeting of the joint committee of the Senate and House of Representatives. The meeting was organised to find a lasting solution to the fuel crisis. He explained that the diversion of trucks of petroleum products was one of the major reasons for the recent fuel scarcity which caused many Nigerians to experience a bleak holiday. “We noticed in the data analysis that up to 4,500 trucks did not complete the ‘acquilla process’.” Explaining the acquilla process, Mr. Baru said that it is a process which requires that a tanker returns to th...
Fuel Scarcity Forces NNPC Boss Back From Foreign Trip
News

Fuel Scarcity Forces NNPC Boss Back From Foreign Trip

The scarcity of Premium Motor Spirit (PMS), also known as petrol, worsened in some filling stations in parts of Lagos and the Federal Capital Territory (FCT) yesterday as panic buying and long queues forced the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, back from an overseas’ trip. The Department of Petroleum Resources (DPR), however, did not comment on the situation even as the price per litre went as high as N150 in some parts of the state. The NNPC, which earlier said that there was no cause for alarm over the fuel issue, declared yesterday that Baru was forced to abandon a Forbes Man of The Year Award in London and rushed back home over the queues. New Telegraph, December 6, 2017
Petty Traders, Transporters In FCT Decry Scarcity Of N100 Notes
News

Petty Traders, Transporters In FCT Decry Scarcity Of N100 Notes

Some petty traders and commuters in the Federal Capital Territory (FCT) have decried the scarcity of N100 notes and other smaller denominations in the country. Speaking in separate interviews with the News Agency of Nigeria (NAN) in Abuja on Friday, they described the development as an `impediment’ to their businesses. They said the situation was worrisome and called on the Central Bank of Nigeria (CBN) to take steps to ensure the availability of more of the denominations. Mr Musa Haliru, a commercial bus driver in Gwagwalada, said he found it very difficult to give change to passengers whenever they brought N1,000 note for payment of transport fares. “This issue of smaller denomination is giving us problem at the garage when giving out change to passengers. “The N100 notes ...
Water Scarcity Hits Calabar
News

Water Scarcity Hits Calabar

Calabar residents now resort to sachet water for bathing and cooking, following acute shortage of drinking water. For over three months, Cross River State Water Board has not pumped water to customers, making life uncomfortable for consumers in the metropolis. Dailu Sun gathered that, even before the current scarcity, water pumped to houses and business premises were not treated. Major streets affected include Ekpo Abasi, Mayne Avenue, Inyamg, Yellow Duke, Ette Agbor, Satellite Town, Ediba, 8 Miles, Calabar South, Federal Housing, Aka-Ifa, State Housing, Marian and 8 Miles. As alternative, consumers now patronise sachet water dealers and boreholes, leading to increase in demand of sachet water in the metropolis. One resident, Mrs Eme Offiong of Enymaba Street, Calabar South,...
Toyota Boss Laments Nigeria’s Lowest Vehicle Sales Record In Decades
News

Toyota Boss Laments Nigeria’s Lowest Vehicle Sales Record In Decades

The Managing Director of Toyota Nigeria Limited, Mr. Kunle Ade Ojo, has lamented the poor vehicle sales recorded in the country in the first quarter of the year which fell to an all time low of 2,000 vehicles within the period. Briefing newsmen at their Lekki, Lagos office during their quarterly meeting, the managing director disclosed that the total sales figure of vehicles across the country including all brands stood at 2,000 units when compared to 5,500 vehicles sold within the same period in 2016. He, therefore, forecast that given the way the industry was going, it would be difficult for all the car companies to sell 9,000 vehicle before the end of the year He attributed the poor sales and import figure of vehicles to scarcity of foreign exchange, devaluation of the naira, ...
Naira Crashes To 516 As Dollar Scarcity Widens
News

Naira Crashes To 516 As Dollar Scarcity Widens

The naira appears to have entered a free fall mode with the local currency selling for 516 per United States dollar on the streets of Lagos on Thursday . The naira plummeted at the parallel market from 510 /dollar on Wednesday to 516/ dollar on Thursday . Currency dealers on the streets of Lagos Island sold the greenback at 516 and bought same for 513. In Egbeda , a major black market centre in Lagos , the naira was sold for 516 and bought at 510. At the Murtala Muhammed International Airport, Lagos , the dollar was bought on the parallel market for 516 and sold at 513. On Wednesday , the local currency had closed at 507 against the greenback as acute dollar shortage continued to weigh on the currency market. The local currency traded at 507 /dollar on Monday and Tuesda...
Kenyan Hospital Stuff New born Babies Inside Their Mother’s Dresses Over Scarcity of Incubators
News

Kenyan Hospital Stuff New born Babies Inside Their Mother’s Dresses Over Scarcity of Incubators

Hospitals in Kenya is trying hard to deal with situations, especially on the areas of handling new born babies as incubator shortage bites. The doctors have adopted the Kangaroo style, by stuffing the new babies inside their mothers’ dresses to achieve skin to skin contact. The technique started in Colombia more than 30 years ago due to a shortage of incubators. The effort paid off and has quite a following today. The technique also reduces the need for highly skilled staff in the neonatal unit. A Kenyan Newspaper, Business Daily reports about a mother, Ms Akinyi, who gave birth to twins and had little hope that they would live.  "The two weighed 1.9 and two kilogrammes respectively. Their internal organs were not fully developed. They were placed in incubators for three days, but g...