Business Archives - Page 46 of 49

The Lagos State chapter of the National Union of Road Transport Workers, generically called Agberos, generates on yearly basis an estimated sum of N123 billion, a report by the International Centre for Investigation Report has revealed. The revealed sum could service some states annual budget, including Yobe, Nasarawa and Yobe stateput together. It was gathered from the data which was released on Thursday morning that the huge sum of money was realized through levies on passenger vehicles, motorcycles and tricycle. A total of 75,000 buses, 50,000 tricycles and 37,000 motorcycles are recorded in the report. Other findings revealed that N3000, N600 and N1800 were levied on buses, motorcycles and tricycles respectively on daily basis. The accumulation of the levies showed N82.1bn for buses; N8.1bn for motorcycles and N32.9bn for tricycles yearly; making a total of N123.078bn annually. Weighing the balance, we took to street to speak with some of the agberos who confirmed the statement to be true. Shakiru who based at Ketu said “ We make more money than people who wear suit every day to office. In fact, we make some office people salary in days.” On operation, another agbero said “We get rooster. Some work in the morning, some in the afternoon and some in the evening, even till late hour. Although, it’s determined by our leaders.” However, some commuters and traders in Lagos have demonstrated concern over the operations of the agberos, as they operate without fear and at will. According to a commuter, “The agberos are the ones that decide how much a driver charges a passenger because of their own cut of the deal. We end up paying more for same journey, despite fuel is not cost or scarce.”

Just In: Lagos NURTW Makes N123bn Yearly – Report

The Lagos State chapter of the National Union of Road Transport Workers, generically called Agberos, generates on yearly basis an estimated sum of N123 billion, a...

Gas Flaring: Nigeria Loses N53.26bn In Two Months – NNPC

Business3 years ago

Gas Flaring: Nigeria Loses N53.26bn In Two Months – NNPC

In the first two months of this year, Nigeria has lost an estimated N53.26 billion as international and local oil companies flared a total of 33.04...

Business3 years ago

Binance Destroys $390m Worth of Tokens

Major cryptocurrency exchange, Binance has completed its 16th quarterly Binance Coin (BNB) burn, destroying over $390 million worth of BNB. On Sunday, Binance reported that it...

Business3 years ago

Reps Panel Endorses Arrest of CBN Boss, NDDC Boss, Others

The House of Representatives Committee on Public Accounts has endorsed the arrest of the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele; the...

Nigeria’s External Reserves Dwindle By $180m In Two Weeks

Business3 years ago

Nigeria’s External Reserves Dwindle By $180m In Two Weeks

The Nigeria’s external reserves lost $180m in two weeks, revealed by the latest figures obtained from the central Bank of Nigeria, on Sunday. The reserves, according...

Nigeria Misses 80 Percent Financial Inclusion Target

Business3 years ago

Just In: Nigeria Misses 80 Percent Financial Inclusion Target

Nigeria has reportedly failed to meet its target of achieving 80 percent financial inclusion of its adult population by 2020, revealed a new report. This revelation...

Business3 years ago

FG Raises Borrowing Limit To N61tn

The Federal Government of Nigeria has raised the borrowing limit to accommodate more loans. Nigeria’s current debt portfolio of N33.11 trillion can now be extended to...

Media Innovation: Google Offers $2.1m Funding for Second Phase of GNI Innovation Challenge

Business3 years ago

Media Innovation: Google Offers $2.1m Funding for Second Phase of GNI Innovation Challenge

Google has announced to offer $2.1 million in funding to 22 media innovators through the second phase of Google News Initiative (GNI) Innovation Challenge. The announcement...

Coconut Value Chain: Lagos Needs Partnership to increase Chain to N350b

Business3 years ago

Coconut Value Chain: Lagos Needs Partnership To Increase Value Chain To N350b

Lagos State needs partnership of private sectors to increase the value of coconut value chain from the current N76 billion to N350 billion annually. This was...

Nigeria Loses $26.3bn Every Year to Maritime Insecurity – Buhari

Business3 years ago

Nigeria Loses $26.3bn Every Year to Maritime Insecurity – Buhari

President Muhammadu Buhari affirmed that Nigeria economy loses a sum of $26.3 billion, yearly to maritime piracy and other sea criminal related issues. Buhari stated this...

Earth News

Just In: Lagos NURTW Makes N123bn Yearly – Report

Gas Flaring: Nigeria Loses N53.26bn In Two Months – NNPC

Binance Destroys $390m Worth of Tokens

Reps Panel Endorses Arrest of CBN Boss, NDDC Boss, Others

Nigeria’s External Reserves Dwindle By $180m In Two Weeks

Just In: Nigeria Misses 80 Percent Financial Inclusion Target

FG Raises Borrowing Limit To N61tn

Media Innovation: Google Offers $2.1m Funding for Second Phase of GNI Innovation Challenge

Coconut Value Chain: Lagos Needs Partnership To Increase Value Chain To N350b

Nigeria Loses $26.3bn Every Year to Maritime Insecurity – Buhari

Mr. Macaroni slams government over misplaced priorities

Nollywood actress Dayo Amusa welcomes first child

Soludo Mourns the Passing of Chief of Army Staff

Edo Election: PDP alleges rigging as APC Okpebholo wins

FG must end petrol subsidy now — Dangote

Bigi Carbonated Soft Drink Treats 50 Lucky Consumers to a Movie Hangout at Ikeja City Mall

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