losses

Keke Ban: Abuja Residents Groan, Count Losses

December 4, 2019 6:38 am

For the residents of Abuja city center, life has never been the same since the Federal Capital Territory Administration (FCTA) clamped an indefinite suspension on the operations of the tricycle taxis, popularly called Keke.

It has not been tales of woes for residents but expression of displeasure on how the decision has inflicted pains on them. They only have the option of been forced to trek long distances to get to their destinations or wait for hours to take a cab, which comes with an astronomical rate increase and the attack of one chance robbers and bag snatchers.

Though the …

Students, Journalists Count Losses As Fire Guts Lodge

November 25, 2019 9:20 am

Students of the Federal Polytechnic, Bauchi, and two journalists are counting their losses after fire razed down their compound in Gwalameji area of Bauchi metropolis on Sunday.

Daily Sun learnt that the fire started around 1:30 pm from one of the rooms at Tinubu Lodge.

One of the occupants, a journalist, working with THISDAY newspaper, David Adenuga, said: ”It was like a dream, I couldn’t believe that everything in my room has gone, I lost all my belongings to the fiIre.

”There was no light that time, we still don’t know the source of the fire. The fire affected nine …

Traders Count Losses Over Oyingbo Market Closure

November 22, 2019 1:35 pm

Traders at the popular Oyingbo Market in Lagos have been counting their losses following its closure by Lagos State government over environmental infractions.

Lagos Waste Management Authority (LAWMA) on Thursday shut the market over indiscriminate refuse dumping and refusal to patronise Private Sector Participation (PSP) operators.

Other infractions included roadside trading and poor hygienic practices resulting in serious environmental problems in the area.

The traders, however, told the News Agency of Nigeria (NAN) on Friday that the sudden closure without notice was adversely affecting their businesses.

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AC Milan Suffer Record 146 Million Euro Losses – Reports

October 17, 2019 7:56 am

Troubled former Italian footballing giants AC Milan have suffered record losses, according to reports in Italy on Wednesday.

Gazzetta Dello Sport claimed that in the year to June 30, 2019, losses rose by 16 percent to 146 million ($162 million) euros compared to 126 million euros for the same period the previous year.

Gazzetta said the figures were far worse than the predicted loss of 90 million euros.

US hedge fund Elliott took over the debt-ridden seven-time European champions from Chinese businessman Li Yonghong in July 2018.

The club’s absence from European football has had an impact on merchandising and …