Business

ENUGU GOVT LAUNCHES GIS JUNE 1 TO MANAGE PROPERTY TAX The Enugu State Government says it will launch the Enugu Geographic Information Service (ENGIS), to help the state manage its property tax on June 1. The Executive Chairman, Enugu State Internal Revenue Service (ESIRS), Mr Emmanuel Nnamani, disclosed this during a chat with the News Agency of Nigeria (NAN) on …

PORT HARCOURT REFINERY BEGINS OPERATION JULY The 210,000-barrel-per-day Port-Harcourt refinery may finally commence operations by the end of July after several postponements. The new date was disclosed on Monday by the National Public Relations Officer, Independent Marketers Association of Nigeria, Chief Ukadike Chinedu. He stated that the development would stimulate economic activities, reduce the price of petroleum products and ensure …

WE.INCREASED OUR IGR BY 400% IN FIRST QUARTER OF 2024 – ENUGU TRADE MINISTRY The Enugu State Commissioner for Trade, Investment and Industry, Mrs Adaora Chukwu says the ministry increased its Internally Generated Revenue (IGR), by 400 per cent in the first quarter of 2024. Chukwu disclosed this during a Media Chat with correspondents on Friday in Enugu. The Commissioner …

NIGERIA WOULD HAVE NO NEED TO IMPORT PETROL FROM NEXT MONTH – DANGOTE Africa’s richest man and Chairman of Dangote Group, Aliko Dangote has assured that following laid down plans of the Dangote Refinery, Nigeria as a nation will have no need to import gasoline from next month. Dangote also said his refinery has capacity to supply West Africa’s petrol …

COURT DENIES BINANCE EXECUTIVE BAIL A Federal High Court in Abuja has refused to grant bail to Tigran Gambaryan, an executive of Binance Holdings Limited, a cryptocurrency firm. The judge, Emeka Nwite, held that the reason for declining to grant Gambaryan bail is because he is likely to “jump bail” if granted. The Economic and Financial Crimes Commission is prosecuting …

WE’RE NOT PAYING N100B TO REVIVE UNITED PALM PRODUCTS LTD – ENUGU GOVT Enugu State government has explained that it is not committing N100 billion into its partnership with a private firm to revive the moribund United Palm Products Ltd (UPPL). In providing more facts on the deal, the state government empahasised that it “is not releasing N100 billion or …

COURT ORDERS EVICTION OF FATHER MBAKA’S INVESTMENT OVER NON-PAYMENT OF RENT An Enugu North Magistrate Court, has executed a Warrant for Possession of Premises occupied by Aqua Rapha Investment Company limited owned by fire brand Catholic Priest, Rev. Fr. Ejike Mbaka, the Spiritual Director of popular Adoration Prayer Ministry. The company uses the rented apartment located at at No. 4 …

ENUGU GOVT PULLS DOWN BANKS, BUSINESS VENTURES AT HOLY GHOST MOTOR PARK TO BUILD MODERN MOTOR STATION Commercial banks, motor parks and other business ventures located beside Ogbete main market, the Holy Ghost Cathedral and the Nigerian railway crossing have gone down for the construction of a modern terminal station, the first of its kind in Enugu state initiated by …

TARIFF HIKE: LABOUR MOVES TO SHUT NERC, DISCOS OFFICES NATIONWIDE Members of the organised labour, on Sunday night announced that they would shut down offices of the Nigerian Electricity Regulatory Commission (NERC) and Distribution Companies nationwide. They said the offices would be under lock and key until the Federal Government accedes to their request on total reversal of electricity tariff …

TINUBU DIRECTS CBN TO SUSPEND IMPLEMENTATION OF CYBERSECURITY LEVY The president of Nigeria, Ahmed Bola Tinubu has informed the Central Bank Of Nigeria(CBN) to suspend the implementation of the Cyber security Levy policy. The president also ordered a review of the policy, which a large number of financial experts rejected. Recall that on Monday, 6th of May, The CBN issued …