By UCHE OGBODO THE Ohanaeze Ndigbo Traders and Independent Workers Association, ONTIWA, has commenced the construction of a 180-lock-up-shop plaza in Okpe Local Government Area of Delta State. Governor Sheriff Oborevwori commended the association for the investment, saying the project would support trade, create jobs and stimulate economic activities in the area. The governor was […]
By BLESSING AGWE ODUGO DELTA State’s commissioning of the Ozoro Ultra-Modern Market in Isoko North Local Government Area has added a new chapter to the state government’s effort to link public infrastructure with commerce, employment and local economic development. For the Oborevwori administration, the project represents more than the construction of shops and public facilities. […]
By BLESSING AGWE ODUGO Delta Investment Summit Yields Results as MB Refinery Project Gains Momentum THE Delta State Government says the impact of its economic and investment drive is beginning to show, with the MB Refinery and Petrochemical Company Limited project in Ajagbodudu, Warri North Local Government Area, making progress towards construction and eventual production. […]
By JOANNA ILUSANMI THE Federal Government, 36 states and 774 local government areas shared ₦3.007 trillion in revenue for July, according to the Federation Account Allocation Committee (FAAC). The Director of Press and Public Relations at the Office of the Accountant-General of the Federation, Bawa Mokwa, disclosed the figure in a statement on Tuesday in […]
By JOANNA ILUSANMI Cement & the Cost of Building Nigeria FOR millions of Nigerians, the price of cement has become more than a market statistic. It determines whether a family can complete a house, whether a developer can continue a housing project and whether a contractor can deliver infrastructure at the agreed cost. As prices […]
By OBIOMA TORI An Expanding Debt Burden in a High-Deficit Economy NIGERIA’S domestic borrowing has continued to rise as the Federal Government confronts an increasingly difficult fiscal arithmetic: expenditure needs remain high, revenue growth has yet to eliminate the financing gap, and borrowing has become one of the principal instruments for keeping the budget funded. […]
By UBONGABASI LINUS New Aircraft Signals Next Phase of Ibom Air’s Expansion AKWA Ibom State is pushing ahead with a broader aviation expansion strategy that combines fleet growth with plans to establish local aircraft maintenance capacity at Victor Attah International Airport, Uyo. Governor Umo Eno advanced both objectives during engagements in Canada, where he conducted a […]
By TOSAN OYAKHILOME-AKAHOMEN Edo’s Debt Profile Takes a Sharp Turn EDO State’s domestic debt profile has changed sharply under Governor Monday Okpebholo, with the state moving from 12th to sixth position among Nigeria’s most indebted states within about 15 months. Latest figures from the Debt Management Office show that Edo’s domestic debt rose from ₦113 […]
By FIDELUS ZWANSON NIGERIAN banks have warned customers to remain alert as increased shopping and travel activity raises the risk of digital payment fraud. Financial institutions say the surge in card payments, online purchases, travel bookings and cross-border transactions could give fraudsters more opportunities to target unsuspecting customers. Access Bank Plc has urged customers to […]
By UBONGABASI LINUS Akwa Ibom’s ₦31bn Empowerment Gamble: Who Gets the Money, What Will It Produce? THE Akwa Ibom State Government’s decision to approve ₦31 billion for an economic empowerment programme represents one of the administration’s most ambitious attempts to expand household incomes and stimulate enterprise development. The programme is intended to cover the state’s 31 […]