Business

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 …

ENUGU GOVT SET TO BEGIN CONSTRUCTION OF HOLY GHOST MOTOR PARK – COMMISSIONER The Enugu State Government says it is ready to commence the building of a dual terminal for interstate and intrastate transportation at the Holy Ghost area of Enugu city. The Commissioner for Transportation, Dr Obi Ozor, disclosed this on Saturday in Enugu while briefing journalists on the …

NIGERIA’S NEIGHBOURS REJECT NAIRA, OPT FOR CFA, DOLLARS There are many challenges in transborder trade at Seme Border, Badagry, especially the constraints of exchanging the Naira for the CFAs, coupled with the over 100 road blocks manned by Security agencies along the Lagos-Badagry-Seme Expressway with the attendant daily harassment and extortion of innocent Nigerians by security officials on the 62 …

WORLD BANK SLAMS BUHARI’S ₦5,000 CASH TRANSFER, SAYS IT HAD LITTLE IMPACT ON HOUSEHOLDS The World Bank has said that the ₦5,000 cash transfer scheme implemented by the Nigerian Government had little impact on household consumption and women’s financial inclusion in the country. This global apex bank said this in a report titled, ‘Beta Don Come: Effects of Cash Transfers …

TINUBU’S REINSTATED FUEL SUBSIDY WILL DRAIN ALMOST HALF OF OIL REVENUE – IMF Nigeria’s reintroduction of a gasoline subsidy months after it was scrapped is expected to guzzle almost half of its projected oil revenue this year, according to the International Monetary Fund. The implicit subsidy will cost Africa’s largest crude producer an estimated 8.43 trillion naira ($5.9 billion) of …

SIX SAFEST BANKS IN NIGERIA When it comes to choosing a commercial bank in Nigeria, safety and stability are key factors to consider. You want to ensure that your hard-earned money is in good hands and that the bank you choose is financially healthy. In this article, we will explore the six safest and healthiest commercial banks in Nigeria. 1. …

CYBERSECURITY LEVY NOT FOR INDIVIDUALS – FALANA Senior lawyer Femi Falana, SAN, has said that the recently imposed 0.5 per cent cybersecurity levy is not meant for individuals. Falana made this known in a statement on Thursday, saying the circular of the Central Bank of Nigeria, CBN, wrongly interpreted the provisions of the Cybercrime (Prohibition, Prevention, etc.) Amendment Act 2024. …

HOTEL PRESIDENTIAL: ENUGU GOVT DISMISSES CAVEAT EMPTOR, SAYS CONTRACT WITH PRIMEVIEW HOTELS ALREADY REVOKED The Enugu State Government has dismissed a caveat emptor published on Hotel Presidential in various national dailies by Mr. Gbolahan Elias, SAN, on behalf of Primeview Hotels Limited. The state made its position known in a statement entitled “Setting the Record Straight: Re: Hotel Presidential”, issued …