BUSINESS
Geometric Power: Hope For Power Boost Rises In Abia As American Technical Experts Arrive Aba
A team of power experts from the United States has arrived in Abia State to start work as the technical partner of Aba Power Limited, a subsidiary of Geometric Power Limited. Geometric Power was founded by Professor Bart Nnaji, a former minister of Power and an engineer respected worldwide. The team, led by Dr. Dan Waddle, is from the international arm...
Banks Lose Over N1bn As Hoodlums Wreck ATMs, Branches
Deposit Money Banks (DMBs) in the country likely lost over a billion naira, last week, to the destruction of their facilities across the country by hoodlums hiding under the umbrella of the #End- SARS protests, findings by New Telegraph show. The protests, which began on October 7 with calls to disband the Special Anti- Robbery Squad (SARS), an infamous Police...
Abia Speaker Sponsors FREE ICT Empowerement Training For Youths
Speaker of Abia State House of Assembly, Rt Hon Chinedum Enyinnaya Orji has, through his Direct Touch Initiative, sponsored a FREE ICT Empowerement Training for youths in Abia State. The training programme which is being organised in collaboration with Naprima Ideals Technology Ltd, will start on Monday, April 12, 2021 by 9am at 10, Ogoja Lane, by Okigwe Road, Umuahia. The...
Economic Crisis: Group Asks FG Not To Sack Workers
A group is known as The Alliance for Surviving COVID-19 and Beyond (ASCAB) has asked the federal government, FG not to use budget cuts as an excuse to sack workers. The federal government had revised the 2020 budget due to the crash in the price of oil and other effects of the coronavirus pandemic on the economy. In a statement, Adewale...
No Condition Regarding Lifting Of Twitter Ban Was Given – FG Makes U-Turn
The Federal Government has stated that no condition was given for the lifting of suspension placed on Twitter’s operations in Nigeria, ABN TV reports. On Monday, Minister of Foreign affairs, Geoffrey Onyeama met with envoys from the UK, US, Ireland, Canada and the European Union to explain the government’s decision on Twitter. It was widely reported that the minister stated...
We Are Borrowing Wisely – Minister of Finance
Minister of Finance Zainab Ahmed has stated that the present administration is prudently borrowing to address the country’s infrastructure deficit. Ahmed, speaking at a news conference on the National Bureau of Statistics’ (NBS) latest report on the economy’s growth, remarked that there will be regrets if no investment returns revenue in the future. READ ALSO: After NDA Attack, Mbaka Warns Over...
FG Promises Free Land To Indian Investors Ready To Come To Nigeria
The Federal Government has promised to offer land to Indian investors who are ready to invest in the country’s creative industry. The Minister of Information and Culture, Alhaji Lai Mohammed, stated this on Tuesday in Abuja when he received the India High Commissioner to Nigeria, Mr Shri Balasubramanian. “We are ready to welcome Indian investors into Nigeria. We will offer...
Kaduna Govt Seeks Investment From Saudi Arabia
The Kaduna State Government has canvassed for investment and support from the Kingdom of Saudi Arabia. Deputy Governor, Dr Hadiza Sabuwa Balarabe stated this at an event to celebrate the 93rd National Day of the Kingdom of Saudi Arabia at The Afficent event centre, in Kano on Saturday. In her remarks, the deputy governor thanked the Kingdom of Saudi for the...
Nigerian Stock Exchange Suspends 6 Firms
The Nigerian Stock Exchange (NSE) has suspended trading in six companies over their inability to comply with extant corporate governance rules and best practices that mandate them to submit their financial statements within a specified period. The suspended companies include: FTN Cocoa Processors Plc; Medview Airline Plc; Niger Insurance Plc; R.T. Briscoe (Nigeria) Plc; Union Dicon Salt Plc and Capital...
No Rest Till Nigerians Feel Impact Of My Economic Reforms, Tinubu Vows
Following the newly released third quarter Gross Domestic Product (GDP) report by the National Bureau of Statistics, President Bola Tinubu has assured Nigerians of better economic output as the economy continues to expand. Nigeria’s GDP grew by 3.46 per cent, compared to the 3.19 per cent growth recorded in the second quarter, according to the NBS. The growth in GDP shows...
