Julius Berger recorded N3.8bn loss in one year – Sunmonu, Berger Board Chairman Julius Berger Board Chairman, Mr. Mutiu Sunmonu has said that Julius Berger recorded a loss of N3.8 billion in 2016 financial year as a result of the country’s economic recession and the devaluation of the nation’s currency which paralysed most projects last year. This represents a 256.4 percent decline compared to...... read more
VIDEO: Abia is not borrowing from Islamic Bank- Obinna Oriaku Abia state Commisioner for finance, Obinna Oriaku says the state is not borrowing from Islamic Bank. Oriaku disclosed this in an an exclusive interview with Factnewsonline. He added that the Federal Government is taking the loan on behalf of the state. Watch Video below...... read more
Aba is the home of made in Nigeria-Speaker Dogara Speaker of the Federal House of Representatives, Rt. Hon. Yakubu Dogara, has described Aba as the home of made in Nigeria brands. He made the statement while paying courtesy visit to Abia state Governor, Dr Okezie Ikpeazu, at the Governor's lodge at Aba in Abia State. In his address to the...... read more
'Don't borrow to build Airport, Engage Nigerian Capital market,' Peter Obi tells FG Mr. Peter Obi, ex-Governor of Anambra State, says Federal Government need not to borrow from China to fund airport, insisting that financing such project should be done through the Nigerian capital market. In a report by Vanguard, the former governor also stressed the need for government to come out with regulations...... read more
CBN Injects $186.5m for Invisible and SMEs segments Following the conclusion of the Monetary Policy Committee Meeting on Tuesday, May 23, 2017 the Central Bank of Nigeria (CBN) has injected the sum of $186.5million into the invisible and the whole Wholesale Secondary Market Intervention Sales (SMIS) segments of the forex market. The sum is made up of $36.5 million...... read more
Nigeria to Exist Recession In September - Emefiele The Central Bank Governor, Godwin Emefiele, on Tuesday, says  Nigeria's economy will be out of recession by the end of the third quarter of 2017. While speaking in Abuja, Emefiele stated that there are existing positive signs in various economic sectors nad he is confident that recession will be history by...... read more
Kemi Adeosun Approves new interest rate on unpaid Taxes Mrs Kemi Adeosun, the Minister of Finance has approved a new interest rate spread on unpaid taxes for the year 2017. Adeosun explained that Section 32 (1b) of the Federal Inland Revenue Service (Establishment) Act 2007 empowers her to approve the new interest rate. The Minister said the review of the...... read more
I will resign if Nigeria continues importation by 2019 - Kachikwu   Dr. Ibe Kachikwu, the Minister of state for Petroleum Resources says he would resign if he fails to deliver on the promise to end fuel importation in Nigeria by 2019. Kachikwu said this in an interview on BBC World Service programme, HardTalk, on Monday. He vowed he would deliver on the...... read more
Keystone Bank Revamp Branches On the heels of the announcement of the successful sale of Keystone Bank Limited and the promise of the new investors to take active steps towards turning around its operations in order to become more competitive in the sector, the management of the Bank has proceeded on a drive to give...... read more
FG to implement Reforms to Revive the Economy - Adeosun The Federal Government on Tuesday, promised to implement daring reforms that would revive and sustain economic growth and development in the country. The Minister of Finance, Mrs Kemi Adeosun, made the promise in Abuja at the launch of the International Monetary Fund’s Regional Economic Outlook report on Sub-Saharan Africa. According to...... read more
Chinese Shoe factory will not affect your Business, Ikpeazu tells Aba Shoe makers Governor, Dr Okezie Ikpeazu, of Abia state says the coming of Huajian Shoe Factory to Aba will not affect Aba shoe makers negatively. The Governor gave the assurance on Tuesday, while addressing the leadership of Omenka shoemakers at Aba. "As those in the business, I must brief you and also assure...... read more
FG will withdraw sponsorship of delegates to Oil conferences - Kachikwu The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has declared that the Federal Government would from 2018, stop sponsorship of delegates to the Offshore Technology Conference (OTC). Kachikwu made the disclosure in Houston on Tuesday at a meeting with investors, business owners, and stakeholders in the oil and gas...... read more
Aba shoe makers to get trained in China soon – Governor Ikpeazu   Abia state Governor, Dr. Okezie Ikpeazu says the first batch of Aba shoemakers will soon depart the state for training in China. He noted that the best way to develop Nigeria is to adopt the Chinese model of public private partnership for rapid industrialization. Ikpeazu, made the disclosure while receiving...... read more
Aba Shoe factory would create 30,000 jobs - Gov. Ikpeazu Abia state government says the proposed $1.5 billion Chinese Shoe Manufacturing Factory to be undertaken by the Chinese-based Huajian Shoe firm in Aba, Abia State, would create no fewer than 30,000 direct and indirect jobs.   Governor Okezie Ikpeazu made the disclosure while briefing Journalists at the Government house Umuahia. He noted that the...... read more
Nigerian Navy to procure Made-In-Aba wears – Chief of Naval Staff Abia State Governor, Dr Okezie Ikpeazu, in the company of the State's Commissioner for Industry, Chief Henry Ikoh, today received a delegation from the Chief of Naval Staff at the Abia State Governor's Lodge in Aba. In a statement released by the Chief Press Secretary, Enyinnaya Appolos, the delegation led by...... read more
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