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Fuel queues resurface in Abuja, neighbouring states

Most filling stations in Abuja and neighbouring states of Nasarawa and Niger that dispensed Premium Motor Spirit, popularly called petrol, on Sunday were greeted with long queues. It was observed that many other outlets were shut as they claimed not to have products to dispense, a development that led to the crowding of the filling stations that d

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Nigeria loses N1.22tn to deficit oil production – Reports

•FG missed OPEC quota in Q1, intensifies fight against oil theft Nigeria was unable to produce about 22.658 million barrels of crude oil valued at N1.22tn in the first quarter of this year due to its persistent inability to meet the crude oil production quota approved for the country by the Organisation of Petroleum Exporting Countries. An a

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AXA Mansard records N28.64bn quarterly premium

AXA Mansard Insurance Plc, a member of the AXA Group and a global insurance and asset management firm, said its gross written premium rose by 14 per cent to N28.64bn by the end of the first quarter of 2022, from N25.08bn in March 2021. The firm said in a statement that its net premium income rose by 39 per cent to N11.57bn, from N8.34bn in March 2

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1,775 workers withdraw N3.09bn from pension contribution – PenCom

A total of 1,775 workers withdrew N3.09bn from their Retirement Savings Accounts held by Pension Fund Administrators in six months after making additional voluntary contributions, the National Pension Commission has said. PenCom said this in its quarterly report on ‘Access to voluntary contributions’ obtained by our correspondent. Whi

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Aviation workers begin two-day warning strike over poor welfare

Aviation workers have insisted that they are commencing a two-day warning strike on Monday (today) over poor welfare emanating from their employers. The Secretary General of the National Union of Air Transport Employees, Ocheme Aba, in a chat with our correspondent in Lagos on Sunday, said that there was no going back on the planned strike. He po

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Naira slumps to N595/dollar, forex shortage lingers

THE naira slumped further and exchanged to the dollar at 595 on Friday at the parallel market. Some Bureau de Change operators who spoke with our correspondent said the dollar was bought and sold at 585 and 595 on Friday. On Monday, the naira was exchanged at N590 to a dollar. At the Investor & Exporter forex window, the naira fell by 0.20 p

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