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FG spends over N50bn monthly on electricity — Minister

Labour, OPS, others howl as FG raises electricity tariff

…Hike ranges from 10% to 121.5% …We’ll resist it — NLC …Another betrayal of trust — TUC …Increase’ll impede growth of real sector — NACC …MAlWrong timing — CISLAC …Electricity pricing needs strategic approach — LCCI …PDP rejects hike, says it’ll worsen hardship …50% tariff hike not true, Presidency Source By Udeme Akpan, Victor Young,
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CBN wins 33rd edition of financial institutions football competition

Current business environment not ready for CBN cashless policy, OPS warns

By Victor Young Organized Private Sector, OPS, has warned against immediate deployment of cashless policy as directed by the Central Bank of Nigeria, CBN, saying “the current business environment and available infrastructures are not ready for such deployment.”   Speaking through Nigeria Employers’ Consultative Association, NECA, OPS contended that several sub-sectors of the economy would
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Professionals, OPS, others criticise Lagos new Land Use Charge

THE re-enactment of the Lagos State Land Use Charge to Law replace the one enacted in 2001, was greeted with strident public outcry obviously due to misunderstanding of its provisions. However, a detailed look at the Land Use Charge, LUC, Law (2018), which is the state government’s property tax, indicates that it is a consolidation of ground rent, tenement rate, and neighbourhood improvement levy.

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CBN must review 41 items restricted from FX market – OPS

The Organised Private Sector, OPS, yesterday, insisted that the Central Bank of Nigeria, CBN, must review its policy on the 41 items restricted from official foreign exchange market.
According to the group, the decision is hurting the manufacturing sector in such a way that could no longer be ignored, having led to the closure of many companies and relocation of others from Nigeria to Ghana and other neighbouring countries. It has also led to the refusal to repatriate over $10 billion held offshore by Nigerian businesses.

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