Rivers to spend N480bn in 2019
Ben Eguzozie
December 29, 2018
Nigeria’s oil-rich sub-national to spend N480.411 billion for the 2019 fiscal year, which is only 5.43 percent of Nigeria’s N8.83 trillion national budget for the incoming year. Governor Nyesom Wike, while presenting the 2019 state Appropriation Bill to the state House of Assembly for consideration and approval on, christened it, “budget of sustainable growth and […]
Kano Electricity Distribution Company expresses commitment to metering all customers
Jacob Ajakaiye in KanoDecember 21, 2018
Jacob Ajakaiye, in Kano Contrary to insinuations that the Distribution Companies (DISCOs) were comfortable with estimated billing which is responsible for low metering of electricity customers in Nigeria, Kano Electricity Distribution Company (KEDCO) says Sharada Small Scale Customers have finally accepted metering after three attempts. The firm’s spokesman, Mohammed Kandi, said the Federal Government […]
Nigeria’s depleting fish stocks may pose a threat to regional security
Ifesinachi Okafor-YarwoodDecember 17, 2018
Ifesinachi Okafor-Yarwood Graduate Teaching Assistant, King’s College London, King’s College London Sometime in the next year or two, Nigeria will become the seventh country to reach a population of 200m or more. It is still growing considerably faster than all other nations towards the top of the list and, by 2050, the UN expects Nigeria […]
Taraba, Ekiti, Jigawa worst hit in month inflation went down to 11.26%
Nse Anthony-UkoNovember 29, 2018
Nigerian sub-national states of Taraba, Ekiti and Jigawa were worst hit by the impact of rising consumer products prices in October 2018 and recorded the highest all items inflation on year-on-year basis with rates of 13.21 percent, 13.18 percent respectively during the period, according to data released recently by the National Bureau of Statistics (NBS). Food […]
Leke Abejide foundation empowers women for self reliance
Jacob Ajakaiye in KanoNovember 27, 2018
Jacob Ajakaiye, in Kano The Leke Abejide Foundation (LAF) has disbursed the sum of N20,000 as business support each to 100 women drawn from the three local government areas in Yagba land, Kogi State. Founder of the foundation, Elder Leke Abejide, disclosed that ten women each were selected for the empowerment programm e from […]
Government should check double taxation in hotel business — Odunayo, GM, Benchmark Hotels
Saby Elemba in OwerriNovember 27, 2018
Imolites are very accommodating and Owerri, the capital of Imo State, is located in the centre of the Eastern Region. These Imoadvantages and others have made Owerri a thriving City for the leisure and hospitality sector of the economy. OGUNYEMI ODUNAYO, general manager of Benchmark Hotels Limited, spoke to SABY ELEMBA in Owerri. Excerpts […]
NDE to train 185,000 youths for access to agric loans
Ben EguzozieNovember 27, 2018
The National Directorate of Employment (NDE) says it will soon begin a basic business refresher course for some 185,000 unemployed persons wishing to access the Central Bank of Nigeria’s (CBN) Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) loans nationwide. At least 50 persons per state would be trained under the Sustainable Agricultural Development Training […]
Leather sector can earn Nigeria $60b, 700,000 job openings-Experts
Jacob Ajakaiye in KanoNovember 27, 2018
Jacob Ajakaiye, in Kano Nigeria’s inability to fully maximise the foreign exchange earnings as well as the job creation opportunities in the leather sector of the economy is generating concerns among industry experts who say the sector can earn the country about $60 billion in foreign exchange. The leather industry which is currently under […]
Exports receive boost in Imo as NIPC pledges support
Dikachi FranklinNovember 22, 2018
By Dikachi Franklin, Owerri Exporters and prospective ones in Imo State may soon begin to enjoy the benefits of organised export drive devoid of the challenges associated with individual efforts as obtained in the past. This is because the the Nigerian Export Promotion Council (NEPC), has assured them of its support to make export business […]
Businesses seek FG support for quick completion of Kano Dry Port
Jacob Ajakaiye in KanoNovember 15, 2018
Concerned business owners in the commercial city of Kano, are calling on the Federal Government to step–up its commitment towards the actualization of an Inland Dry Port project being developed in the city, as a part of a strategic move to re-invent the economy of the state. Construction work on the project which was initiated […]