BUSINESS
Abia Now Among Top Three Investment Destinations in Nigeria – Governor Otti
Governor Alex Otti has revealed that Abia State is now ranked among the top three investment destinations in Nigeria, trailing only Lagos and Abuja. He made this announcement while presenting the 2025 budget, attributing the achievement to his administration’s focus on infrastructure development, security, and economic reforms. “Abia State has become a key destination for foreign investments, and this is...
Stop Interference With Mining Activities, Minister Warns States
The Minister of Solid Minerals Development, Dr. Dele Alake, has cautioned against arbitrary closure of mining operations by state governments, warning that such act could abort efforts by Federal Government to attract Foreign Direct Investments (FDI) and provoke divestment. He handed down the warning while announcing a fact-finding committee to look into the face-off between Osun State government and Thor...
Let’s Be Patient With Tinubu, He Inherited “Almost Comatose” Administration — Abiodun
Governor Dapo Abiodun of Ogun State believes Nigerians should be patient with President Bola Tinubu’s government which, according to him, inherited an “almost comatose” administration. Tinubu came to power in May – taking over from Muhammadu Buhari of the same APC and quickly introduced economic reforms aimed at restoring public finances and attracting more foreign investment. His administration has ended...
FG: Fuel Subsidy Removal Saved Nigeria $84bn, Funded Major Infrastructure Projects
The Federal Government has declared that President Bola Tinubu’s removal of the petrol subsidy has ended a massive financial drain that cost Nigeria over $84 billion and enabled the funding of 40 key road projects within two years. This was revealed in a policy document titled “Two Years Later: Key Benefits of Subsidy Removal”, released by the National Orientation Agency...
Anambra Commissioner Of Police Retires, Vows To Give Dangote A Run For His Money
The Anambra State Commissioner of Police, Aderemi Adeoye, has retired with a vow to fully go into business, saying he is ready to give Africa’s richest man, Aliko Dangote, a run for his money. Adeoye stated this on Saturday during his ceremonial pull out parade from the Nigeria Police Force at Dr Alex Ekwueme Square in Awka, Anambra State capital. According...
VP Shettima Calls For Equity In Distribution Of Fertilizers To Nigerian Farmers
Vice President Kashim Shettima has called on stakeholders to ensure transparency, equity and fairness in the distribution of fertilizers to farmers. He made the call on Tuesday when he met with Fertilizers Producers and Suppliers Association of Nigeria (FEPSAN) at the Presidential Villa, Abuja. Shettima said President Bola Tinubu is passionate about reducing the cost of fertilizers for Nigerian farmers as...
Electricity: Suspend Tariff Adjustment For Now, FG Directs NERC
The Federal Government, FG, has directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the recently adjusted electricity tariff. The Minister of Power, Sale Mamman, made this known in a statement on Thursday, a Punch report says. NERC had on Tuesday increased the electricity tariff payable by power consumers across the country. The hike in tariff which varies, based on different...
Pat Utomi Inspects Enyimba Automated Shoe Factory Aba [PHOTOS]
Prof. Patrick Okedinachi Utomi, Patito's Gang Television Anchor, has called on the Military, Paramilitary, and other Security Agencies in the country to patronise the Enyimba Automated Shoe Company. Prof. Patrick who stated this during his inspection visit at the Enyimba Automated Shoe Factory, Aba in Abia State expressed satisfaction with the level of ongoing work at the factory. The Professor...
IMF Says South Africa May Overtake Nigeria As Africa’s Biggest Economy
The International Monetary Fund (IMF) has disclosed in its forecast that South Africa may topple Nigeria as Africa’s biggest economy. According to the IMF World Economic Outlook, South Africa, the most industrialised country on the African continent is reaching towards achieving $401 gross domestic product (GDP) in 2024. The global financial institution, however, envisioned that based on current prices, Nigeria and...
Mark Zuckerberg And Wife Sell San Francisco Home For $31 Million
Facebook co-founder and internet entrepreneur, Mark Zuckerberg, and his wife have sold one of their San Francisco homes for $31 million in an off-market deal, a spokesperson for the family confirmed. The deal marks the most expensive sale in San Francisco so far this year, according to Zilllow. Built-in 1928, the 7,386-square-foot home has four bedrooms and four bathrooms, and...
