Enugu lawmakers ask power ministry, NERC to review EEDC’s nauseating monopoly in South East
Ben Eguzozie
February 20, 2020
…as 70% of DisCo’s customers is unmetered …barrage of complaints mount Ben Eguzozie, in Port Harcourt Enugu State House of Assembly members have asked the federal ministry of power to review the rather nauseating monopoly being enjoyed by the Enugu Electricity Distribution Company (EEDC) in the South-East; saying that the electricity distribution company’s (DisCo) has […]
LCCI to assess impact of border closure on Nigeria’s economy
Samson EchenimFebruary 17, 2020
By Samson Echenim The Lagos Chamber of Commerce and Industry (LCCI), the premier chamber of commerce and a leading voice in the organised private sector (OPS) in Nigeria, is set to hold a roundtable on the border closure and its impacts on businesses and the economy. The chamber said in a statement on Friday that […]
Earthquake fears in Owerri over 30,000 water boreholes
Dikachi FranklinFebruary 14, 2020
By Dikachi Franklin, Owerri Danger looms in Owerri, the Imo State capital, as over 30,000 private and commercial water boreholes in existence are capable of triggering earthquakes in the State. Earthquakes are sudden earth movements or vibrations in the earth’s crust. They are caused either by the development of faults (cracks) in the crust which […]
Rivers’ EODBC opens e-registration to drive business agglomeration in oil-rich state
Ben EguzozieFebruary 14, 2020
…MAN, PHCCIMA, other OPS groups left out Ben Eguzozie, in Port Harcourt Rivers State’s drive to lessen the burden of registering new businesses in the oil-rich state inched further positively as the newly established Ease-of-Doing-Business Council (EODBC), headed by Ipalibo Harry Banigo, the deputy governor, set up a portal for the registration of businesses […]
Okada ban effect: Uber, Bolt riders lament over high charges in Lagos
Businessam StaffFebruary 13, 2020
The effect of the ban of commercial motorcycles in some key areas in Lagos is gradually creating holes in the pockets of some residents, as they are forced to use the services of the car-hailing firms. To explore the new opportunity, the car hailing firms like Uber and Bolt among others have increased their charges. […]
Financial advisory committee asks Uzodinma to recover Imo’s N112.82bn from 9 banks
BEN EGUZOZIEFebruary 11, 2020
Ben Eguzozie, in Port Harcourt An eight-member financial advisory committee (FAC) in Imo headed by Abraham Nwankwo, former executive director of Debt Management Office (DMO) and other financial experts and consultants has asked Imo State Governor, Hope Uzodinma, to order nine deposit money banks to refund to the state more than N112.82 billion (or […]
Only 18.75% Lagos residents are registered taxpayers – LIRS
Businessam StaffJanuary 31, 2020
Lagos Inland Revenue Service (LIRS) has said that only 4.5 million or 18.75 percent of the 24 million people resident in Lagos State, representing 18.75 percent are registered, taxpayers. Executive Chairman, Lagos Inland Revenue Service (LIRS), Ayodele Subair disclosed this in a press interview adding that the revenue agency is, however, working to capture more […]
Nigeria makes anti-corruption moves amid criticism over progress
Businessam StaffJanuary 31, 2020
Nigeria is publicly ramping up its efforts to prosecute graft, after what critics charge has been a lacklustre effort by President Muhammadu Buhari’s administration to deliver on its signature campaign promise of fighting corruption. Last week the country’s top anti-corruption enforcer demanded the extradition from the UK of a former petroleum minister accused of helping […]
NDLEA, Imo Command, seizes 225kg of hard drugs in 2019
Dikachi FranklinJanuary 31, 2020
By Dikachi Franklin, in Owerri The Imo State Command of the National Drug Law Enforcement Agency (NDLEA) has released the report of its performance for 2019. The report which was made available to Business a.m. states that the Command, among other things, arrested146 suspects and seized 225.32 kilogrammes of hard drugs in 2019. The report, which […]
Sanwo-Olu signs Lagos 2020’s N1.1tr budget into law
Businessam StaffDecember 31, 2019
Babajide Sanwo-Olu, Lagos State governor has signed the 2020 budget of the state into law. This is coming barely 24 hours after the Lagos State House of Assembly approved N1.168 trillion being the 2020 budget for the state. The signing, which took place on Tuesday in the Governor’s office at the Lagos House, Alausa, Ikeja, had […]