BUSINESS
Ikpeazu Seeks Collaboration Of French Govt In Developing Enyimba Economic City
The Governor of Abia State, Dr. Okezie Ikpeazu has sought the collaboration of the Government of France in attracting French companies to invest in the State, especially the Enyimba Economic City. Governor Ikpeazu spoke on Tuesday when he received in audience, the French Ambassador to Nigeria, Mr Jerome Pasquier who paid him a courtesy visit at his Umuobiakwa Country Home. In...
FEC Approves ₦13.08 Trillion 2021 Budget
The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved N13.09 trillion budget estimate for 2021 fiscal year. Briefing State House Correspondents after the meeting, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said the budget estimate is made up of N2.083 trillion capital expenditure, which she described as N29 per cent of the...
International Trips: Tinubu, Shettima’s Absence Fiscal Irresponsibility — Obi
The Labour Party, LP, presidential candidate during the 2023 elections, Peter Obi, has described the foreign trips embarked upon by both President Bola Tinubu and his deputy, Kashim Shettima, as fiscal irresponsibility. Obi raised issues with the trips, coming when the country is grappling with domestic (economic) challenges. Recall that Tinubu departed for the United Kingdom on October 2, for a...
Ghana Targets Fuel Imports From Dangote Refinery
Ghana could buy petroleum products from Nigeria’s Dangote Petroleum Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday. Chairman of the National Petroleum Authority, Ghana, Mustapha Abdul-Hamid, said this could end monthly fuel imports from Europe of $400m. He spoke at the OTL Africa...
How Orji Kalu’s N3m Loan Revived My Hope, Made Me A Millionaire — Chijioke Mba
Interest-free loans disbursed to Nigerians by the Senator representing Abia North, Dr. Orji Uzor Kalu through his foundation, Orji Uzor Kalu Foundation is yielding good fruits as a recipient tells his story. Chijioke Mba, a native of Ohafia in Abia North Senatorial zone, but resides in Aba, said that the Orji Uzor Kalu’s loan has benefited his business. Mba said he...
Learn To Manage, Switch Off Light To Reduce Electricity Bills, Tinubu Advises Nigerians
President Bola Tinubu has advised Nigerians to step up their management skill in reducing electricity bills. “It’s not negative to learn to manage. You learn to control your electricity bill, switch off the light, let’s learn to manage,” Tinubu said on Monday in a chat with reporters at his Bourdillon residence in the highbrow Ikoyi area of Lagos State. The All...
South African President Ramaphosa Appoints Okonjo-Iweala Head Economic Advisory Council
South Africa's President Cyril Ramaphosa has reportedly appointed Dr. Ngozi Okonjo-Iweala as the Head of the country’s Economic Advisory Council. ABN TV reports that South Africa entered its second recession in two years in the final quarter of last year as agriculture, transport and construction contracted, data showed on Tuesday, highlighting the impact of power cuts on the nation’s economy. Statistics...
FG Begins N50 Electronic Levy Deductions On Transactions Via Fintech Platforms
The Federal Government (FG) has commenced the implementation of the N50 Electronic Money Transfer Levy (EMTL) on transactions of ₦10,000 and above conducted through financial technology (fintech) companies such as Opay, Moniepoint, Kuda, and others. Introduced under the Finance Act 2020, the EMTL is a one-off levy charged to the recipient of any electronic receipt or transfer of ₦10,000 or...
Shettima Urges African Leaders To Ramp up 3% of continent’s global GDP
Vice President Kashim Shettima, has implored African leaders to work towards ramping up the total $3.1 trillion Gross Domestic Product (GDP) of countries on the continent, amounting to a paltry three percent of the overall global GDP. The Vice President, who gave the charge during the African Economy of Scale Plenary on the sidelines of the ongoing World Economic Forum...
Pay New Notes Over The Counter, CBN Orders Commercial Banks
The Central Bank of Nigeria (CBN) has reversed itself and directed banks to commence paying customers new Naira notes Over The Counter (OTC). The apex bank said the order was to reduce queues around Automated Teller Machines (ATMs) across the country. CBN Governor Godwin Emefiele gave the directive in Abuja on Thursday. READ ALSO: CBN Issues Fresh Guideline On Effective Distribution New Naira Notes A...
