Nigeria, France sign $475m agreements Nigeria and France on Tuesday signed three agreements worth 475 million dollars on social amenities and reforestation. NAN reports that the agreements cover Urban Mobility Improvement Programme of Lagos State, sustainable water supply in Kano city and reforestation in Ogun. President Muhammadu Buhari and the visiting French President Emmanuel Macron witnessed...... read more
Abia govt announce establishment of Modular Refinery A Modular Refinery would soon spring up in Abia State. The cheering news was made public at the office of the Secretary to Abia State Government (SSG) when two investors signed the relevant agreements with Abia State Government in Umuahia. The SSG, Dr. Eme Okoro, signed on behalf of the State...... read more
Nigeria earns N3.8trn from crude oil, gas export in 3 months Nigeria earned N3.738 trillion from the export of crude oil and petroleum products in three months, from October to December 2018, according to latest data released by the National Bureau of Statistics, NBS. The NBS, in its Foreign Trade Statistics for the Fourth Quarter of 2018, stated that petroleum products export...... read more
Abia to set up quality assurance agencies The Abia State Government will set up Standardization and Regulatory Agencies to ensure consistent high quality of Made-in-Aba products. The Commissioner for Information, Chief John Okiyi Kalu, who disclosed this when he received members of DFID Partnership to Engage, Reform and Learn team in his office, also informed that the State...... read more
Igbo man buys Arnold Schwarzenegger’s Bugatti for $2.5m   A Nigerian man, Obi Okeke, popularly referred to as Doctor Bugatti, has purchased Arnold Schwarzenegger’s Bugatti Veyron for $2.5m According to TMZ, the Bugatti dealer has intentions to resell the vehicle. The Bugatti Veyron 2015 model goes 0-60 mph in 2.5 secs and has only had about 1,000 miles on it. Okeke was...... read more
Construction company sues Lawmakers, demands N1 billion damage A construction company, Hydro-source and Resources has filed a court case against Adamawa State House of Assembly for alleged defamation of character, demanding N1 billion in damages.   Justice Nathan Musa of Yola High Court has granted an order of interim injunction restraining the Assembly from taking any action against the...... read more
How Ariaria became biggest market in Abia The story of Araiaria International Market, Aba, is like the story of the proverbial little bird that couldn’t fly and was left to die but grew wings and began to soar like an eagle. In 1894, precisely, before the advent of the colonial masters in Aba, in present day Abia State,...... read more
Do not misuse the GEEP loan, Ikpeazu tell Beneficiaries Abia state Governor, Dr. Okezie Ikpeazu, has advised beneficiaries of the Government Enterprise and Empowerment Program(GEEP) loan to avoid the temptation of misusing the facility. Speaking during the launch/issue of certificate of disbursement of GEEP loan in Umuahia on Friday, Ikpeazu stated that the loan is meant to assist market women,...... read more
Aba designers storm New York, as made-in-Aba campaign debuts in America By Enyinnaya Appolos In furtherance of Governor Okezie Ikpeazu led administration's agenda to promote Made-in-Aba brands at the global stage, some major Aba designers will be showcasing their products at a fashion show holding in New York City this week. The event tagged Made-in-Aba Fashion Show is part of the programs for...... read more
Kano Signs MoU With Chinese Firm On Textile Development   Kano State Government has entered into a Memorandum of Understanding (MoU) with a Chinese firm, Shandong Ruyi Technology Group of China, to establish a $600million Textile Industrial Park in Kano.    The agreement,which was reached at the Company's headquarters in Joining, Shandong, China, was not only anchored at cementing the...... read more
BoI agrees to fund Aba shoemakers Bank of Industry (BoI), Nigeria’s industrial development bank, has signed a memorandum of understanding (MoU) with the Leather Products Manufacturers Association of Abia State, the umbrella body of shoe, belt, bag and trunk box manufacturers in Aba, to boost local production of finished leather goods. The agreement, which was facilitated by...... read more
My three key plans: Cement, then oil - then Arsenal FC – Dangote Billionaire businessman Aliko Dangote in this interview with Francine Lacqua of Bloomberg Markets, says he chooses to make daring moves that others would shy away from. He also speaks on future investment plans.  You’ve made billions in cement-something humans have produced for thousands of years. What did you figure out? I...... read more
Ikpeazu is an emerging high priest of economic development initiatives - Amb. Obiozor Former Nigerian ambassador to the United States, Professor George A. Obiozor, has described the Governor of Abia State, Dr Okezie Ikpeazu, as an emerging high priest of economic development initiatives.Professor Obiozor, who is currently the Chairman, Public Policy Forum, spoke at the  Business Hallmark Public Policy Lecture, in Lagos.His words: "Abia...... read more
NNPC reduces diesel price to N175 The Nigerian National Petroleum Corporation (NNPC) says it has successfully reduced the price of Automotive Gas Oil (AGO), also known as Diesel, by 42% nationwide.  NNPC made this known in a statement released on Sunday signed by Ndu Ughamadu, group general manager, group public affairs division of the corporation. NNPC said...... read more
Accommodation: How landlords offer free rooms for sex Sleazy landlords are trading free rooms in exchange for sex with women desperate for somewhere to live. Wales Online found scores of ads posted on classifieds site Craigslist from men looking for women in need of a place. One offered “nice lovely all new fitted out” one and two-bedroomed flats in...... read more
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