BUSINESS
Abia Residents Carpet EEDC Over Increase In Electricity Tariff
Public power consumers in Abia State, South East Nigeria, are lamenting the latest hike in electricity tariff by the Enugu Electricity Distribution Company, EEDC. The people who described the tariff increase as unbearable, accused the energy supply company of not considering the present economic challenges facing Nigerians in its business decisions. About six months ago, the Abia State House of Assembly...
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...
Trade Fair: Benjamin Kalu Hails Made-In -Aba Products (Photos)
The Member representing Bende federal Constituency and the Spokesperson of the House joined the Made in Aba Trade Fair in Abuja with an assurance of facilitating access to loan facilities for the artisans. At the trade fair which commenced on the 8th of November, 2021 at the FCT Sports Centre, Area 10, the federal lawmaker was welcomed cheerfully by the...
Nigeria Inflation Rate Drops to 15.99% in October as Food Prices Ease
Nigerian inflation slowed to a 10th-month low in October, giving the central bank scope to leave interest rates on hold next week. Consumer prices increased 15.99% from a year earlier, compared with 16.63% in September, Statistician-General Simon Harry told reporters Monday in Abuja, the capital. The median estimate in a Bloomberg survey of seven economists was 16.2%. While inflation has exceeded...
Buhari Meets AFREXIM Bank President in South Africa
The President, Muhammadu Buhari on Sunday held a meeting with the President of the African Export-Import Bank, Benedict Oramah, in South Africa. This was announced by the Personal Assistant on Broadcast Media to the President, Buhari Sallau, via his Facebook page. Sharing pictures of the meeting, he said, “President Muhammadu Buhari holds Bilateral Meeting with President of AfREXIM Bank Prof. Benedict Oramah in...
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...
Customers Hail Quality Of Products On Display During Made-In-Aba Trade Fair In Abuja
Customers on Saturday, expressed satisfaction with the quality of products displayed by the exhibitors at the ongoing 8th edition of Made-In-Aba Trade Fair in Abuja. The customers, in separate interviews with the News Agency of Nigeria (NAN) also expressed delight for extending the event earlier scheduled to end Nov. 13. until Nov 16. The trade fair organised by Sen. Enyinnaya Abaribe...
Smuggling Responsible For High Cost Of Rice, Says Finance Minister
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, on Thursday, said smuggling is responsible for the rising cost of rice in the country. Speaking during an interview on Channels Television’s Politics Today on Thursday, the Minister said smuggling is affecting the market and hurting the citizens. “Unfortunately there is a lot of distortion and the distortion is arising from...
I’ll Do My Best To Support The Survival Of Enyimba Automated Shoe Company, SP Ahmed Lawan Assures (PHOTOS, VIDEO)
The Senate President, Senator Ahmed Lawan has said as the number three citizen of the country, he will do all within his capacity to ensure that the Enyimba Automated Shoe Company (ENASCO) survives and achieve the aims of its establishment. The Senate President assured that the Senate will henceforth, will begin move to stop Federal Government Agencies from importing boots...
Senate President, Chief Whip Set To Commission Enyimba Automated Shoe Company Constructed By Ikpeazu
All is now set for the commissioning of Enyimba Automated Shoe Company (ENASCO) by the Senate President of the Federal Republic of Nigeria, Senator Ahmed Ibrahim Lawan, and the former governor of Abia state and Senate Chief Whip, Dr. Orji Uzor Kalu. The project was initiated and completed by the governor Okezie Ikpeazu-led administration in Abia state as part of...
