Benin Enterprise Park: Obaseki seals $200m investment for textile industry

In furtherance to the Central Bank of Nigeria’s (CBN) concerted efforts to revive Nigeria’s ailing Cotton, Textile and Garment (CTG) sub-sector, Edo State Governor, Mr. Godwin Obaseki has secured a $200m investment for a cotton-weaving and spinning industry at the Benin Enterprise and

Met Police reinstates Khafi after BB Naija somersault

Khafi Kareem, the London Met police officer who defied the force to feature on  Big Brother Naija (BBN) before appearing to sleep with another contestant, says she has been asked to return to work. She returned to the UK penultimate week and met

Federal roads’ dilemma

Emeka OMEIHE President Buhari stirred the hornet’s nest when recently he barred state governors from fixing federal roads if they will eventually ask for compensation. Minister of works, Babatunde Fashola told House of Representatives’ ad hoc committee on abandoned federal government’s projects (works)

CBN injects billions into textiles, cotton industries

Emma Ujah The Governor of the Central bank of Nigeria (CBN), Mr Godwin Emefiele, at the signing of the Memoranda of Understanding (MoU) in Abuja, yesterday has described the “historic” deal involving the nation’s cotton farmers, textile companies and the military. The first

Bailout: We can’t pay N162 million monthly repayment plan for FG budget support loan

Augustine Ehikioya, Abuja   State governors on Tuesday rejected the proposed plan by the Federal Government to extend the repayment period of its budget support to state government from twenty years to thirty years. Based on the extension, state government monthly repayment will

Border Closure: Customs seize 54 containers of expired rice, tramadol, others

Agency Reporter The Nigerian Customs Service (NCS), Tin Can Island Command, Tuesday revealed its seizure of 54 containers of various contraband items. Of the seizure, 33 containers were loaded with expired foreign rice. The rice, mostly rotten and oozing offensive odour, was part

Imo Govt. revisits development of abandoned Oguta Lake Resort

Rt. Hon. Emeka Ihedioha led administration has begun the process of resuscitating Oguta Lake resort as work begins at the Oguta Motel. This was disclosed by the Deputy Governor, Rt. Hon. Gerald Irona, on Sunday, October 27, 2019, when he inspected the moribund

N50 PoS charge begins

By Collins Nweze The Central Bank of Nigeria (CBN) and the Nigeria Interbank Settlement System (NIBSS) are working for the application of remittance processes to ensure the seamless collection of stamp duty charges for PoS. Many filing stations and supermarkets are already adding 

Invest at home, Prince Eze Madumere raps Nigerians in Diaspora

  By Timothy Nwachukwu, Awka An All progressive Congress Chieftain (APC) and the immediate past Deputy Governor of Imo State, Prince Eze Madumere has called on Nigerians in Diaspora to maximise the conducive and favourable business climatic condition created by the President Buhari

Ticket racketeers invade Abuja-Kaduna rail station

Authorities are battling to curb the activities of ticket racketeers at the Abuja-Kaduna rail station, writes FAITH YAHAYA The Abuja-Kaduna rail came alive in 2016 after it was inaugurated by President Muhammadu Buhari. For those who had not been born in the 60s