Rivers economy: Wike lists Amaechi’s N131.28bn monorail, hospital, model schools, others as white elephant projects
Aderemi Ojekunle
September 28, 2020
Ben Eguzozie, in Port Harcourt As state’s investment climate blurs more The unending political spat between incumbent Rivers governor, Nyesom Wike, and his immediate predecessor, Rotimi Amaechi, which had eminently pounded the state’s $23 billion GDP economy was up again at the weekend. This time, both Ikwerre-born brothers used the burial of Adolphus Karibi-Whyte, a […]
Nigeria’s telco, 9mobile, to support country’s digital economy policy, strategy for growth
Saviour AdugbaSeptember 28, 2020
Nigerian mobile operator, 9mobile, has lent its support to the federal government’s drive for economic growth through its digital economy policy and strategy. This was made known when Alan Sinfield, the company’s chief executive officer, led the company’s management team to pay a courtesy visit to Isa Pantami, Nigeria’s minister of communications and digital economy […]
BUA makes N350m fresh donation to COCAVID, N100m flood relief support to Kebbi
Onome AmugeSeptember 16, 2020
Onome Amuge BUA Group, one of the leading foods and infrastructure conglomerates in West Africa, has made a further donation of N350 million to the Coalition Against Covid-19 (CACOVID). The fresh donation to the group brings to N1.3 billion the amount BUA has made towards combating the COVID-19 crisis in Nigeria through COCAVID. In a separate […]
CBN’s N200bn fund to fast track 300,000 homes across 36 states, FCT
Charles AbuedeSeptember 15, 2020
Charles Abuede To fund mass housing construction Targets 900,000 children, adults in 36 states, FCT 5m direct construction, 1m supply chain jobs A N200 billion family homes financing fund is being created by the Central Bank of Nigeria (CBN) to fast track the deployment of 300,000 homes across the 36 states of the federation and […]
Nigeria bans access to foreign exchange for foods, fertilizer importers
Charles AbuedeSeptember 11, 2020
Charles Abuede President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to restrict foreign exchange from the nation’s reserves on food items and fertilizer importation citing that the federal government, through its proactive policies, has been able to avert the looming food crisis in the wake of the coronavirus crisis, which disrupted the agriculture value […]
Nigeria now owes N31.01trn in total public debt, N2.38trn accretion in 3 months
Aderemi OjekunleSeptember 10, 2020
Charles Abuede FG: N25.28trn; 36 States + FCT: N5.73trn Lagos, Rivers, Akwa Ibom, highest debts Yobe, Jigawa and Ebonyi, lowest debtors Nigeria’s total public debt rose by N2.38 trillion to reach N31.01 trillion as at the end of June 2020, according to the country’s Debt Management Office (DMO). The current debt profile includes the […]
FAO, Cross River in partnership to boost agrotech capacity in MDAs
Businessam StaffSeptember 10, 2020
The United Nations Food and Agricultural Organisation (FAO) and the Cross River State government have agreed to a partnership that would result in some agricultural and ICT training for staff based in major ministries, departments and agencies in the state. The agreement was finalised after a meeting by representatives of both parties, which included Asibong […]
Governor Sanwo-Olu refuels Lagos digital economy, smart city drive with fresh N100m grant
Businesssam StaffAugust 20, 2020
Governor Babajide Sanwo-Olu, who appears driven by his pursuit of a developmental agenda anchored on turning the state into a 21st century digital economy and smart city, oiled the wheel of this pursuit recently with the award of N100 million worth of innovation grants to start-ups and science research initiatives from various universities in the state. The governor […]
Michel Puchercos resigns as Lafarge MD, joins rival Dangote Cement
Businessam StaffDecember 27, 2019
The management of Dangote Cement Plc has announced the appointment of as the new managing director of the company. The new MD’s appointment becomes effective on February 1, 2020, a disclosure notice by the company said. Puchercos’s appointment was made public after he resigned from rival cement company, Lafarge Africa Plc. The Board of Lafarge […]
Rivers state wins 2019 Lafarge Africa national literacy competition
Businessam StaffNovember 7, 2019
After having the highest overall score, Rivers state was crowned winners of the 6th edition Lafarge Africa National literacy competition. The grand finale of nationwide literacy competition, which took place in Lagos, witnessed a spectacular performance from Emmanuelle Nuakuadeekari and Prosper Barikpoe, representatives of Rivers, as they trounced more than 16,000 other pupils on their […]