Category: Economy/Business News

PRESIDENT BUHARI LAUDS GOV. AKEREDOLU’S ACHIEVEMENT IN 3YEARS

President Muhammadu Buhari on Tuesday in Ore Ondo State lauded     Governor Oluwarotimi Akeredolu SAN, on the establishment of the Ondo-Linyi Industrial hub and the construction of the flyover in Ore. The President described the projects initiated and completed by the Akeredolu administration as a remarkable achievement. The President was at Ore, the commercial city…

SON debunk Alligation of Sever break down, Blame Importers for false allegation. By Joy Enamuna

  Less than 48 hours after Ebony Herald International published the  story that Standard Organisation of Nigeria (SON) poses treat to Business in the Maritime sector, SON has debunked the claim of the Association of Nigerian Licensed Customs Agents ( ANLCA) In a swift reaction, the Standards Organisation of Nigeria (SON) debunked the claim over…

Federal Government set to secure Nigerian Water ways. By Joy Enamuna

The Minister of Transportation, Rt. Hon. Rotimi Amaechi, has admitted that Nigeria Maritime Administration and Safety Agency (NIMASA) are not capable of securing the Nigerian water ways and   called for collaboration from Nigeria Military. Briefing the media after a high level security meeting with some selected maritime stakeholders, the minister said that President Muhammadu Buhari…

THE WEST AFRICA TRADE AND INVESTMENT HUB- Niger State 6 Other States To Benefit From $60 Million USAID Fund. By Fodio Ahmed.

The West Africa Trade and Investment Hub bridged skills and investment gaps for West African firms in agriculture and apparel that met key quality requirements has trained more than 11,000 West Africans towards improve product quality, financial management, and marketing approaches while convincing buyers and financial lenders to be first movers in emerging West African…

El-Rufai’s C’ttee Seeks Reversal Of The 2014 Privatization of Power Sector

A committee setup by the federal government and headed by Kaduna State governor, Malam Nasir El-Rufai, has recommend reversal of the 2014 privatization of the power sector. If this recommendation is approved, all distribution companies in the country will forfeit their investment haven failed to improve power supply despite efforts put in place by the…

ELECTRICITY TARIFF: Reps order NERC to suspend planned Tarrif. By Saheed Badmus

The House of Representatives has asked the Federal Government to suspend plans to Increase the multi year Tarrif until adequate consultations are concluded regarding the matter. The order was given on Tuesday when the Regulatory Agency and the Ministry of Power appeared before the House Committee on Power Chairman of the committee, Representative, Magaji Aliyu…

October 2019 Allocation: Federal Government, States and LGs Share N812.76bn

The Federal Government, states and Local Governments have shared N812.76 Billion accrued in October as revenue for the month of November. The Permanent Secretary, Ministry of Finance, Mr. Mahmoud Isa-Dutse said this on Wednesday in Abuja while briefing newsmen on the outcome of the Federal Account Allocation Committee meeting. Giving a breakdown of the revenue…