ECCIMA Executives Visit Gov. Mbah, Reveal 2024 Trade Fair Theme

BusinessNewsNigeriaECCIMA Executives Visit Gov. Mbah, Reveal 2024 Trade Fair Theme

Ije Ulasi (Regional Correspondent)February 8, 2024

The Enugu State Governor, Dr. Peter Ndubuisi Mbah has reiterated his administration’s commitment towards the provision of infrastructure, support, and policy for private sectors to thrive in the State. Dr. Mbah stated this when he received members of the Enugu Chamber of Commerce, Industry, Mines, and Agriculture (ECCIMA) at the Government House on Wednesday. Applauding ECCIMA’s theme for the 2024 International Trade Fair slated to hold in April, the Governor said, the theme “Promoting Made...

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Governor Fintiri Orders Release Of N3b To Offset Pension Arrears

BusinessNewsNigeriaPoliticsGovernor Fintiri Orders Release Of N3b To Offset Pension Arrears

Hassan Umar Shallpella (Regional Correspondent)February 7, 2024

Governor Ahmadu Umaru Fintiri has ordered the release of three billion naira to the state pension board for clearance of the backlog of pension and gratuity of retired civil servants in the state. Fintiri disclosed this Tuesday while receiving leaders of the Nigeria Labour Congress ÑLC in Adamawa who were at his office to congratulate him on his victory at the Supreme Court. “Retired civil servants in the state have labored for the development of...

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Mining Sector: FG states commitment to recover unpaid royalties, taxes

BusinessNewsNigeriaMining Sector: FG states commitment to recover unpaid royalties, taxes

Uzoamaka Ikezue (Staff Reporter)January 28, 2024

…Deepens collaboration with RMAFC to curb revenue leakages The Federal Government has stated commitment to recover unpaid royalties and taxes in the mining sector. According to the Ministry of Solid Minerals Development and the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has resolved to strengthen collaboration to block revenue leakages in the sector. Speaking while welcoming the RMAFC chairman, Mohammed Bello, and his team to his office recently, the Minister of Solid Minerals Development, Dr....

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150 Indian Companies Invested 27 Billion Dollars In Nigeria

BusinessNewsNigeria150 Indian Companies Invested 27 Billion Dollars In Nigeria

Hassan Umar Shallpella (Regional Correspondent)January 27, 2024

The Indian High Commissioner to Nigeria, H.E. Mr. Gangadharan Balasubramanian on Friday said 150 Indian companies have so far invested 27 billion dollars in Nigeria. The envoy disclosed this in Abuja at a dinner to mark the 75th Republic Day of India and noted that India and Nigeria enjoyed strong and historical relations with ties dating back to before Nigeria’s independence. “Our economic and trade relations are strong and growing. Currently, nearly 150 Indian companies...

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Skill Development Form Part Of Student-Loan Programme -Tinubu

BusinessNewsNigeriaSkill Development Form Part Of Student-Loan Programme -Tinubu

Hassan Umar Shallpella (Regional Correspondent)January 23, 2024

The Management of the Nigerian Education Loan Fund (NELFUND) has been directed to expand its focus area by extending interest-free loans to Nigerian students interested in skill-development programmes. President Bola Tinubu gave the directive at the State House on Monday after a briefing from Mr. Akintunde Sawyerr, Executive Secretary of NELFUND, on the build-up to the launch of the programme later in the month. In a statement released by the Special Adviser to the President...

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70 Hotels Risk Shutdown In Adamawa State

BusinessNewsNigeria70 Hotels Risk Shutdown In Adamawa State

Hassan Umar Shallpella (Regional Correspondent)January 22, 2024

Following the beheading of a woman by yet to to-identified suspected ritualist in Jimeta, the twin capital of Adamawa state, no fewer than 70 registered hotels in Adamawa State risk fizzling out of business if they fail to install Close Circuit Television CCTV cameras in their business premises. Adamawa State Deputy Governor, Kaletapwa George Farauta has six weeks for hoteliers to comply with government orders or have their business premises shut down. Farauta stated this...

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Anambra Investment Summit now an annual event, organizers confirm

BusinessNewsNigeriaAnambra Investment Summit now an annual event, organizers confirm

Ebuka Onyekwelu (Staff Writer)January 17, 2024

Mr. Mark Okoye, the Managing Director – MD of Anambra State Investment Promotion and Protection Agency – ANSIPPA, has said that the Anambra State Investment Summit whose maiden edition was held in September 2023, will now be an annual event and would therefore be held in 2024. Speaking during the Agency’s interface with select media practitioners entitled, “Partnerships, progress, and prospects”, Mark Okoye said that “there are plans for Anambra State Investment Submit in 2024”....

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Inflation hits 28.92% as food prices skyrocket

BusinessEconomyNewsNigeriaInflation hits 28.92% as food prices skyrocket

By Ezinwanne Onwuka (Senior Reporter)January 15, 2024

Nigeria’s inflation rate in December 2023 climbed to 28.92 per cent as a halt to petrol subsidies stoked transport costs, pushed up the prices of commodities and the naira weakened against the United States dollar. The December 2023 inflation rate is an increase of 0.72 per cent points from the previous month, the National Bureau of Statistics (NBS) said in its report on Monday. The rate increased by 7.58 per cent from that recorded in...

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Dangote Refinery Commences Production Of Diesel, Aviation Fuel  

BusinessNewsNigeriaOil & GasDangote Refinery Commences Production Of Diesel, Aviation Fuel  

Hassan Umar Shallpella (Regional Correspondent)January 13, 2024

The Dangote Petroleum Refinery has so far received six million barrels of crude oil at its two SPMs located 25 kilometers from the shore and has commenced production of diesel and aviation fuel. The Refinery can load 2,900 trucks a day at its truck-loading gantries. The products from the Refinery will conform to Euro V specifications. The first crude delivery was done on December 12, 2023, and the 6th cargo was delivered on January 8,...

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CEOs Of Zenith, Providus, and Jaiz Banks In EFCC Net

BusinessNewsNigeriaCEOs Of Zenith, Providus, and Jaiz Banks In EFCC Net

Hassan Umar Shallpella (Regional Correspondent)January 10, 2024

The Economic and Financial Crimes Commission EFCC has invited CEOs of Zenith, Providus, and Jaiz Banks to explain the financial misappropriation charges against Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, and her predecessor, Sadiya Umar-Farouk. The bank chiefs invited are Dr. Ebenezer Onyeagwu (Zenith Bank), Haruna Musa (Jaiz Bank), and Walter Akpani (Providus Bank). The anti-graft agency is currently probing public funds directed into private accounts, ordered by Mses Edu and Farouq using their...

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