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
NAFDAC gives 50% waiver to SMEs The National Agency for Food, Drug Administration and Control (NAFDAC)has announced that it would give 50 per cent waiver on registration fee for locally manufactured products to promote Small and Medium Scale Enterprises (SMEs). Dr Abubakar Jimoh, the agency's spokesperson, made the disclosure. He said the new policy approved by the...... read more
CBN to revoke licences of MFBs, others for non- compliance The Central Bank of Nigeria, CBN, has said it would revoke the operating licences of micro finance banks, and other financial institutions, OFIs, due to non-compliance with anti-money laundering and combating terrorism financing, AML/CFT, regulations. Director, Other Financial Institutions Supervision Department, CBN, Mrs, Tokunbo Martins, stated this in a letter to...... read more
Gov. Umahi To Gov. Ikpeazu: 'We are here to Tap from your Ingenuity' Governor David Umahi of Ebonyi State says his visit to Abia was to tap from the ingenuity of Governor Okezie Ikpeazu, adding that his state government will partner with Abia, in the areas of Commerce, Internal Revenue Mobilization, Peace and e-Governance. Umahi  is currently on a 3-day working visit in Abia...... read more
Dangote partners GAC motors to supply operation vehicles Nigeria’s largest business conglomerate, the Dangote group, has signed a new business partnership deal with GAC Motor, one of the brands under the Choice International Group (CIG) to supply vehicles. CIG, a Chinese automobile group, which operates an ultramodern showroom and a vehicle assembly plant in Lagos, held a handover ceremony...... read more
We will revive Nigercem soon, FG assures The federal government said that it would assist in every measure to ensure that the Nigeria Cement Company (NIGERCEM), which had been the pride of the Eastern region, was brought back to full production. The Minister of Solid Mineral, Dr. Fayemi Kayode gave the assurance during his two-day working visit to...... read more
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