Enugu govt trains newly recruited IRS staff to improve revenue collection
The Enugu State Internal Revenue Service (ESIRS) has recruited over 200 staff in a bold move to eliminate loopholes in......
Category : Business | Economy
Reps summon ministers over $2bn energy fund
Reps summon ministers over $2bn energy fund The Ministers of Agriculture and Food Security, Abubakar Kyari, his Science, Technology, and......
Leave Abuja-Kano road project, FG orders Julius Berger
The Federal Ministry of Works has directed Julius Berger, the contractor handling Section One rehabilitation of the Abuja-Kaduna-Zaria-Kano Dual Carriageway,......
Gov Mbah Flags-off 78.85km of multiple Roads in Nkanu East and West LGAs
…Sets Timeline for contractors_ Governor Peter Mbah of Enugu State, on Wednesday, flagged of the construction of multiple road projects......
Gov Mbah Flags-off Construction of 44km Amah-Eke–Oghe- Iwolo-Olo-Umulokpa Road
Governor of Enugu State, Dr. Peter Mbah, has flagged off the construction of the 44.8km Amah-Eke–Oghe- Iwolo-Olo-Umulokpa Road, traversing the......
Gov Mbah Flags-off dualization of 43.7 Penoks-Abakpa Nike-Opi-Nsukka Road
… Mbah is godsent to Nsukka zone- Igwe Asadu … You’ve proven yourself more Nsukka than any Nsukka man- Ezenta......
IFC, CBN sign deal to boost local currency financing in Nigeria
The International Finance Corporation, a member of the World Bank Group and the Central Bank of Nigeria have announced an......
Dangote invests $280m in CNG conversion, others
The Dangote Group says it has invested over $280m in Compressed Natural Gas technology and infrastructure, saying it is in......
EEDC issues deadline for upgrade of prepaid meters
The Enugu Electricity Distribution Company (EEDC) has advised its customers to ensure that their prepaid meters are upgraded before 24th......
Enugu gov’t hands over 347 plots of land to UNN ASUU
The Enugu State Government has handed over 347 plots of land to the Academic Staff Union of Universities, ASUU, University......
FG plans 50% tax relief to help firms increase salaries
The Federal Government is introducing a 50 per cent tax relief for companies that increase salaries or offer transportation allowances......
Rivers, firms sign $300m waste-to-wealth deal
The Rivers State Government has stated that it will promote, strengthen and implement the use of Artificial Intelligence in waste......
JUST IN: Mbah Approves N80,000 As Minimum Wage for Enugu Workers
.. _It’s unprecedented to earn above minimum wage in Enugu- Labour_ … _We’ll commence implementation immediately- ALGON_ Governor of......
Obi calls for Nigeria’s shift to production economy
The 2023 presidential candidate of the Labour Party, Peter Obi, called for Nigeria to embrace productivity and improve its trade......
FX inflows reach $57 billion – CBN
The Central Bank of Nigeria, CBN, has said Foreign exchange (FX) inflows to Nigeria reached $57 billion by August 2024.......
Nigeria still borrowing amid high debt costs – IMF
Nigeria’s engagement with the global debt market remains vibrant despite challenges posed by high borrowing costs, the International Monetary Fund......
Gov Mbah Flags off Tractor Assembly Plant in Enugu, Commissions Mega Door Factory
Governor of Enugu State, Dr. Peter Mbah, Tuesday, flagged off the construction of Nortra Tractor Assembly Plant and Service Centre,......
EEDC Confirms exit from distribution of electricity in ENUGU
.…..As Mainpower Electricity Distribution Limited Takes Over Electricity Distribution ….EERC hands Over Operating License The Mainpower Electricity Distribution Limited,......
EERC Assumes Full Regulation of Enugu State Electricity Market
… _Issues licenses to Mainpower, Fedikore_ … _Mainpower takes over from EEDC in Enugu State In a historic move, the......
Nigeria to benefit from €4bn German green energy investment
Nigeria is set to benefit from Germany’s ambitious €4bn investment in green energy projects across Africa by 2030. This was......
ESIRS Adopts Unified Tax System, eliminates multiple taxation
The ENUGU State Internal Revenue Service, ESIRS, has said the adoption of a unified tax payment system has completely eliminated......
Nigeria supplies Togo, Benin 24-hour power supply – TCN
The Managing Director and CEO of the Transmission Company of Nigeria, Sule Abdulaziz, has disclosed that Nigeria supplies 24-hour electricity......
Enugu, Vienna Govts Move to Strengthen Bilateral Cooperation
… _As Gov Mbah meets with President of Austrian Parliament_ The Governments of Enugu State, Nigeria, and Vienna, Austria, have......
FG plans 5% tax on telecoms services, others
The Federal Government has proposed a five per cent excise duty on telecommunications services, gaming, and betting activities as part......
Don’t patronise illegal CNG centres, SON tells Nigerians
The Standards Organisation of Nigeria (SON) has alerted members of the public to desist from patronising uncertified Compressed Natural Gas......
1bn people living in acute poverty — UN Report
More than one billion people are living in acute poverty across the globe, a UN Development Programme report said yesterday,......
Naira weakens to 1,705/$ at parallel market
The value of the naira depreciated at the unofficial market on Wednesday as it traded at 1,705/dollar, according to Bureau......
Customs seizes 4 containers of N1.2bn illicit drugs in Lagos
The Nigeria Customs Service, NCS, has truncated an attempt by a syndicate to smuggle illicit drugs worth N1.183 billion into......
NAFDAC urges S/East elites to join fight against fake, substandard drugs
The National Agency for Food, Drug Administration and Control (NAFDAC) has appealed to South-East elites and residents to actively join......
Enugu State Govt Never Imposed New Mortuary Tax, Says Revenue Board
…Says memo to save bereaved families from exploitation by mortuary proprietors and agents The Enugu State Government has denied an......
Enugu Govt Approves Relocation of Two Slums, 23 More in the Pipeline
***Approves development of dormant Abuja property The Enugu State Government has approved the relocation of Agu-Owa and Ugbo-Lawrence slums in......
Mbah extols Igbo culture, assures of investments in tourism, agriculture
…as Igbo leaders call for World Igbo Day, youth involvement in farming Enugu State governor, Dr Peter Mbah, has extolled......
Customs processed $937m agricultural exports Q3 – Official
The Nigeria Customs Service, Lilypond Export Command, Lagos, has stated that it processed the export of $937m of agricultural produce......
FG Opens Payment Portal For Nigerians To Convert Vehicles From Petrol To CNG
The Nigerian government has announced the opening of an application portal for Nigerians who want to convert their vehicles from......
Court strikes out MAN’s suit challenging electricity tariff hike
A Federal High Court in Lagos has struck out a case by the Manufacturers Association of Nigeria challenging the implementation......
FG confirms Oyedepo’s Canaanland airstrip approval
The Minister of Aviation and Aerospace Development, Festus Keyamo, has confirmed the approval of an airstrip for Canaanland, the property......
Why we retained our rates – Lagos sex workers
Commercial sex workers in Lagos have revealed that they maintain their rates due to the economic hardship in the country,......
Naira appreciates to N1,685 in parallel market
Naira appreciates to N1,685 in parallel market *As NAFEM turnover rises 155% The Naira on Thursday appreciated to N1,685 per......
Shettima, Mbah reiterate commitment to boosting MSMEs
***Mbah Doing Excellently Well, Enugu is Back to Life – VP Shettima … Commissions Enugu Garment and Fashion Hub …......
NNPC portal shutdown delays petrol supply – Marketers
Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase petrol has been shut against......
Naira-for-crude deal begins Tuesday – panel
The Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency, on Sunday, confirmed that the supply of crude......
Over 7000 Town Planners to storm ENUGU for Institute’s International Conference
…..As Town planners call for the implementation of town planning law in the southeast region The first Vice......
Enugu to introduce CNG buses, creates Ministry of Energy & Mineral Resources
The Enugu State Government is taking steps to introduce Compressed Natural Gas (CNG) buses as part of the efforts to......
NNPC says 3 million barrels of oil production daily achievable
The Nigerian National Petroleum Company Limited has stated that increasing crude oil production from the current 1.7 million barrels per......
Gov Mbah Commends Prompt Services at Enugu UK Visa Centre, Woos More Foreign Missions
… Urges more patronage by S’East, S’South Governor of Enugu State, Dr. Peter Mbah, has described the consular services at......
FG raises corps members monthly allowance to N77,000
The Federal Government has approved the increase of corps members’ monthly allowance to N77,000 with effect from July 2024. According......
FG proposes NIN, tax for foreigners
The Federal Executive Council is proposing an amendment to the National Identity Management Commission Act No. 23, 2007 to allow......
ECOWAS Approves Design For $15bn Lagos-Abidjan Highway Project
Members of the Economic Community of West Africa States (ECOWAS) have approved the design for the $15bn Lagos-Abidjan Corridor Highway......
New Enugu City Excites Nigerians in China, as Gov Mbah Unveils Project at Guangzhou Roadshow
… Secures diaspora interests, strategic partnerships_ New Enugu City, one of the flagship projects of the Governor Peter Mbah Administration......
CBN raises interest rate to 27.25 per cent
The Monetary Policy Committee of the Central Bank of Nigeria has voted to increase the monetary policy rate, which measures......
NDLEA arrests 80-year-old grandpa with drugs, intercepts N14.9bn opioids
An 80-year-old grandfather, Aremu Shojobi, has been arrested by operatives of the National Drug Law Enforcement Agency with 14 kilogrammes......
FG partners Russian firm to complete Ajaokuta steel
The Federal Government has signed a Memorandum of Understanding with the builders of the Ajaokuta steel plant, Messrs Tyazhpromexport, for......
Customs intercept N265m hard drugs in Lagos
The Nigeria Customs Service, Kirikiri Lighter Terminal said it intercepted 51.25 kilogrammes of cannabis indica valued at N256 million in......
Private employers paying below N70,000 risk jail – FG
The Federal Government has called on agencies recruiting for the private sector to adhere to the N70,000 minimum wage, warning......
CBN appoints new board for Keystone Bank
The Central Bank of Nigeria has reconstituted the board of directors of Keystone Bank. The move announced on Wednesday, as......
FG, states, LGs shared N1.2tn in August – FAAC
The Federal Accounts Allocation Committee has said it disbursed N1.2 trillion earned as revenue in August 2024 to the Federal......
20 govs borrow fresh N446bn as revenues tumble
Debt servicing costs incurred by 29 state governments consumed 80.7 per cent of their Internally Generated Revenue during the first......
Nigerian Breweries raises N599bn to clear debts, FX
Nigerian Breweries Plc says it is raising N599.1 billion through rights issue on the Nigerian Exchange Ltd. to eliminate overdue......
Enugu State Govt, Jelfah Group, Sign N40bn Deal to Revitalise Moribund Sunrise Mills
… As Jelfah invests N24bn, Enugu divests 60 per cent equity stake Enugu State Government and Jelfah Nigeria Ltd have......
EFCC Arrests Five Chinese for Alleged Illegal Mining in Uyo
Operatives of the Uyo Zonal Directorate of the Economic and Financial Crimes Commission EFCC, have arrested five suspected illegal Chinese......