BUSINESS
FG Blasts PDP Governors Over Comment On Hardship In Nigeria, Says Party Part Of The Problem
The Federal Government has blamed the governors elected on the platform of the Peoples Democratic Party (PDP) for the economic hardships Nigerians are facing. ”It is a fact that many of the PDP Governors have not paid N30,000 minimum wage to their workers since it took effect more than 4 years ago. All of these anomalies in their states contribute...
9,200 Abians To Benefit From Gov. Otti’s N1bn Interest Free Loan
Abia state government would on Thursday, launch a N1 billion interest free revolving loan under the Abia cooperatives scheme for 9,200 residents from the 184 wards of the state. Commissioner for Information and Culture, Prince Okey Kanu,who disclosed this at Government House , Umuahia while briefing journalists, explained that 50 beneficiaries have been selected from each of the 184 wards...
Labour Carpets FG Over Latest Fuel Price Hike, Demands Immediate Reversal
The leadership of the Nigeria Labour Congress (NLC), on Wednesday, lampooned the federal government over fresh hike in price of Premium Motor Spirit popularly known as petrol. The labour movement specifically demanded immediate reversal of the fuel price, saying it is illogical that a private firm is the one determining the prices of the products. NNPCL announced fresh increase in price...
Nigeria Ranked 31st Most Productive Economy In 2022, Says Report
Nigeria has been ranked 31 in the list of most productive economies in 2022 based on Gross Domestic Product (GDP) according to a report. In the ranking, the United States of America came first, followed by China and Japan in the third position. Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. Countries are...
Shell Commence Construction Mega Gas Plant In Aba
Shell Nigeria Gas Limited, SNG, said it has commenced the construction of a huge gas plant in the commercial city of Aba, in Abia, an official said. SNG, a subsidiary of the Shell Petroleum Development Company, SPDC, said the facility will be used for the transmission and delivery of gas to its business customers in the area. The Managing Director of...
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...
El-Gato Delegation Participates in 2024 SPE-NAICE Conference in Lagos
El-Gato Global Limited, a leading player in the oil and gas industry, is currently participating in the 2024 Society of Petroleum Engineers (SPE) National Annual International Conference and Exhibition (NAICE) taking place in Lagos State. Led by its Chief Executive Officer/Managing Director, Engr. Ekpen O. Kenneth, the company's delegation includes Engr. David Salami, General Manager; Engr. Ekata Samson, Confidential Secretary/Logistics...
CBN Imposes N1.35bn Fine On 9 Banks Over ATM Cash Dispensing Failures
Nine banks were fined N1.35 billion by the Central Bank of Nigeria (CBN) yesterday for not allowing Naira notes to be used at automated teller machines (ATMs) during the Yuletide season. According to the apex bank, the fines were imposed on the banks to demonstrate zero tolerance for cash flow disruptions. Each bank was fined ¦150 million for non-compliance, in line...
2nd Niger Bridge: Uzodinma, Ogah, Obiozor, Others Hail Buhari
The Imo State Governor, Hope Uzodimma, some ministers from the South-East zone, including State For Mines and Steel Development, Dr Uchechukwu Ogah and the Ohanaeze Ndigbo President-General, Prof. George Obiozor, at the weekend, commended President Muhammadu Buhari for approving the release of funds for the completion of the Second Niger Bridge. They also expressed joy over other Federal Government-sponsored infrastructural...
NERC Urges Electricity Prepaid Customers To Update Their Meters
The Nigerian Electricity Regulatory Commission (NERC) has urged citizens with prepaid meter to update them before November 2024. The regulatory body said users who fail to update their meters before the said date won’t be able to recharge their prepaid meters. NERC, in a post on X, formerly known as Twitter, said updating the meters attracts no cost. The regulator said electricity...
