BUSINESS
200 Beneficiaries Emerge As Rep. Onuigbo Flags Off Empowerment Scheme (Photos)
In a bid to curb unemployment in his constituency the Honourable member representing Ikwuano/Umuahia Federal Constituency of Abia State, Hon. Sam Onuigbo on Thursday flagged off empowerment scheme for the people of the constituency in a bid to reduce the level of unemployment. The empowerment scheme is in collaboration with National Institute for Cultural Orientation, NICO. The five-day Strategic Training/Empowerment...
FG To Promote Digital Economy, Inclusive Development
Minister of finance, budget and national planning, Zainab Ahmed has stated that the federal government would promote industrial digital economy, inclusive and economic development. This was announced on Tuesday by Zainab Ahmed at the West Africa Business Forum, themed; “Empowering women and youths to spur Africa’s transformation agenda” in Lagos. She noted that inclusive economic development is a core element of...
Emefiele risks jail term over $53m garnishee order
The Governor of Central Bank of Nigeria, Mr Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute to pay the balance of $53m due and payable under the said Order to Mr Joe Agi (SAN) and team of lawyers that facilitated the Paris Club fund matter for the Federal Government. Justice I. E....
We’ve No Hand In Nigeria’s Fuel Subsidy Removal, Says IMF
The International Monetary Fund (IMF) clarified that it was not behind Nigeria’s recent removal of fuel subsidies, a decision made independently by the Nigerian government. The IMF has faced criticism for Nigeria’s recent fiscal reforms, which have led to rising inflation and increased hardship for many citizens. Speaking at a press conference during the IMF and World Bank Annual Meetings in...
CBN Orders Banks To Publish Names, BVN Of Forex Defaulters
The Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who try to break the rules on Forex acquisition on their website. The CBN on Monday, August 30th issued a circular (BSD/DIR/PUB/LAB/14/059) to all banks lamenting that it has “received and noted with concern reports of sharp practices by some unscrupulous customers to circumvent the...
Africa IP SME Helpdesk: Promoting Economic Growth In Europe, Africa
The Africa IP SME Helpdesk is established to advance mutual cooperation between EU SMEs and African countries in matters of trade. The Helpdesk’s main objective is to contribute to sustainable development and economic growth in Africa while fostering new economic frontiers for EU businesses. Inaugurated in Rome on October 21, 2021 during the EU-Africa SME Summit, the Helpdesk works with...
Umahi Holds #EndSARS Youth Summit, Earmarks N3bn Empowerment Fund
Governor David Umahi of Ebonyi state says the state government has earmarked N3 billion for the #EndSARS youth empowerment scheme. Umahi said this on Wednesday in Abakaliki, while declaring the Ebonyi #End SARS youth summit open. He said that his administration had put necessary machinery in place to ensure the appointment and election of youths into political positions. He appealed to youths...
Ikpeazu Moves To Pay Abia Polytechnic, SEMB Staff, Others Salary Arrears
Abia State governor, Dr Okezie Ikpeazu has set up a committee on resolution of arrears of salaries owed staff of Abia State Polytechnic Aba, Secondary Education Management Board (SEMB), and others. Members of the committee are; 1. Dr. Aham Ukoh, Honorable Commissioner for Finance - Chairman 2. Sir Onyi Onyii Wamah, State Head of Service - Member 3. Dr Jonathan Osuji, Honorable Commissioner...
FIRS Generated N10.04trn In 2022, Says Official
The Tax Controller, Enugu Medium and Small Tax Office of the Federal Inland Revenue Services (FIRS), Mrs Stella Obiora, says the organisation generated N10.04 trillion in 2022. Obiora, represented by the Executive Chairman of the agency, Mr Muhammed Nami, stated this in Enugu on Friday during their special day at the ongoing 34th Enugu InternatiTrade Fair. She said the management of...
CBN Sets Date To Freeze Accounts Without BVN
The Central Bank of Nigeria has directed a “Post no Debit” restriction on all bank accounts without Bank Verification Number and National Identification Number effective April 2024. “Post No Debit” is a term used to describe a restriction imposed by banks on specific accounts, preventing customers from making withdrawals, transfers, or any other debits from their accounts. This measure effectively freezes...
