Economy

Commuter Expresses Outrage Over Fare from Lagos to Enugu

Commuter Expresses Outrage Over Fare from Lagos to Enugu

A frustrated commuter has taken to social media to express outrage over the exorbitant fare charged by a bus driver for a trip from Lagos to Enugu. The commuter claimed that the driver was charging a whopping N35,000 for a seat in a 13-seater bus, which translates to N455,000 for the entire bus. The commuter argued that the driver's profit margin was excessively high, estimating that the driver would spend around N100,000 on fuel and N20,000 on other expenses, leaving a profit of over N300,000 for a single journey. While acknowledging that the driver would incur additional expenses such as…
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Inauguration: South East Development Commission Sets Tone for Regional Growth

Inauguration: South East Development Commission Sets Tone for Regional Growth

By Comr Amos Oge Kalu The South East Development Commission (SEDC) has officially begun its operations, marking a significant milestone in the region's development journey. The commission's Board Chair, Chief Emeka Wogu, expressed his gratitude to President Bola Ahmed Tinubu for the opportunity to serve and commended him for fulfilling his promise to the people of the South East. Chief Wogu, a former Minister of Labour and Productivity, assured that the commission would exceed expectations in contributing to the region's development. The SEDC aims to implement impactful, high-value projects that create jobs and contribute to the overall development of the…
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Naira Records Highest Gain Against Dollar at Black Market

Naira Records Highest Gain Against Dollar at Black Market

OHAFIATV reports that the Nigerian Naira has appreciated significantly against the US Dollar at the parallel foreign exchange market. According to a Bureau de Change Operator in Abuja, the Naira strengthened to N1570 per dollar on Thursday, gaining N20 from the previous day's rate of N1590 per dollar. This marks the largest daily gain for the Naira since the start of the week. Meanwhile, at the official market, the Naira fell to N1,500.65 per dollar on Thursday, down from N1,499.76 the previous day. After Thursday's trading, the Naira firmed up by N20 at the black market and dropped by N0.89…
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Omenuko Bridge: A Symbol of Hope and Progress in Abia

Omenuko Bridge: A Symbol of Hope and Progress in Abia

Ebere Uzoukwa, Ph.D The Omenuko Bridge, a vital connection for over 23 communities in Abam, Arochukwu, Ohafia, and surrounding areas, has been a lifeline for thousands of people. However, its deteriorating condition had become a significant concern, necessitating a modern and durable replacement. The Abia State Government, under the leadership of Governor Alex Otti, has taken a significant step towards addressing this issue by flagging off the construction of a new Omenuko Bridge in Ozu-Abam, Arochukwu LGA. The Omenuko Bridge has a rich history, dating back to 1955 when it was constructed by British colonials. At the time of its…
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Burkina Faso Launches First Locally Assembled Electric Car Brand, ITAOUA

Burkina Faso Launches First Locally Assembled Electric Car Brand, ITAOUA

In a groundbreaking achievement, Burkina Faso has unveiled its first locally assembled electric car brand, ITAOUA. This innovative vehicle is 100% electric, solar-powered, and boasts an impressive range of 330 kilometers after just 30 minutes of charging. The production plant, located in Ouaga 2000, a district in Burkina Faso, is set to revolutionize the country's automotive industry. The launch of ITAOUA's electric car is expected to have a profound impact on Burkina Faso's economy, generating thousands of jobs and stimulating economic growth. ITAOUA's electric car is a testament to Burkina Faso's commitment to sustainable development and reducing its carbon footprint.…
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