BUSINESS
After Rail Track Bombing, Abuja-Kaduna Train Services Resume Operations
The Minister of Transportation, Rotimi Amaechi, on Friday directed that Abuja-Kaduna Train Service (AKTS) should resume operations on Saturday. Amaechi gave the directive after inspecting repairs on the rail tracks between Rijana and Dutse along the route on Friday. The minister then assured the public of Federal Government’s commitment to ensure safety of passengers along the route.” "I think what is significant...
US President, Biden Appoints Nigeria’s Enoh Ebong US Director Of Trade
US President Joe Biden has appointed Nigerian-born Enoh Titilayo Ebong to the post of Director, United States Trade and Development Agency. This was contained in a brief with names of nominees for different positions in the president’s cabinet sent to the US Congress. Ebong had served in different roles in the USTDA between 2004 and 2019, including serving as the agency’s...
Nigerians Must Support Locally Made Goods To Grow Economy, Buhari Advises
President Muhammadu Buhari has urged Nigerians to support locally manufactured goods to boost trade activities and prospects in the country. He said this Friday in his keynote address at the opening of the 35th edition of Lagos International Trade Fair themed, ‘Connecting Businesses, Creating Value,’ organised by the Lagos Chamber of Commerce and Industry (LCCI). Buhari who was represented by the...
Sir Udensi Urges Patronage, Support To Made-In-Aba Products
Interpol Systems Consultant, Sir Chikwe Udensi has advised Nigerians to be contented with made in Nigeria products. Udensi gave the advice on Saturday while addressing Journalists in Abuja on the 2021 Made-in -Aba Trade Fair, exhibition which has become an important annual feature in the Federal Capital Territory (FCT) business promotion calendar in the country. He told newsmen, that some of...
Fresh Borrowing: Reps Approve Buhari’s $16bn, €1bn Loan Requests, $125m Grant
House of Representatives, yesterday, approved President Muhammadu Buhari’s request for new externally borrowing comprising $16.2 billion and €1.020 billion. The House also approved a grant component of the external funding plan amounting to $125 million in the President’s request. The approval was granted during the consideration of report on the ‘Request for a concurrent approval of donor fund projects under the...
Start registering prostitution as business now – Group begs FG
NON- governmental organisation, NGO, Team of Detecting Agency for Government Reform Initiative, TDAGRI, has advocated registration of prostitution as a business in Nigeria. Leader of the group, Nebeck Eziora, made this proposal in a statement entitled Nigeria in the Era of New Political Invention, stressing that prostitution should be recognised and registered as a business for it to serve as...
FG considers $2.8 billion external loan for 2020 budget
The Debt Management Office (DMO) on Friday said the Nigerian government was considering taking a loan from foreign sources to fund the 2020 budget signed into law by President Muhammadu Buhari a month ago. On December 17, 2019, Mr Buhari, who travelled to the United Kingdom today for an investment summit starting next Monday, signed the 2020 Appropriation Bill into...
NIGERIA’S BORDER CLOSURE NOT MEANT TO PUNISH OUR NEIGHBOURS – BUHARI
President Muhammadu Buhari Saturday in London said that the partial closure of Nigeria’s borders is not meant to punish her neighbours, but to strengthen the country’s security and economy. At a meeting with a select group of the Nigerian Community in the United Kingdom, the President explained that the period of closure will be used for stock-taking on threats to...
Senate Approves Buhari’s $22.7bn Loan Request
The Senate, on Thursday, approved the $22.7bn loan request of President Muhammadu Buhari, after a heated debate that ended up in a closed session. The lawmakers after a closed-door session, which lasted about 45 minutes, approved the two-item recommendation of the Committee on Local and Foreign Loans, chaired by Senator Clifford Ordia. According to Investigations by The PUNCH, revealed that the senators had resolved...
COVID-19: British Airline To Axe 12,000 Jobs
British Airways is set to make up to 12,000 workers redundant on the back of Covid-19 restrictions. The airline's owner International Airlines Group (IAG) announced the planned job cuts as it revealed that revenues plunged 13% in the first quarter of 2020. ABN TV reports, In a letter to staff, British Airways chief executive Alex Cruz said there is no longer...
