Our Investment Drive In Agriculture Lifting Our People Out Of Poverty, Mbah Tells IFAD

By Tony Adibe Enugu State Governor, Dr. Peter Mbah, has said the investment drive of his administration over the past nine months in office had started to lift poor citizens out of the pit of poverty through its deliberate efforts and determination. Governor Mbah disclosed this while receiving the International Fund for Agricultural Development (IFAD)’s Associate Vice President (AVP), Dr. Donal Brown, and members of his team who were on a working and inspection visit to the state in Enugu on Wednesday. This was even as the AVP lauded the…

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Fire Razes Shops In Wuse, Abuja Market

Latest reports reaching us has it that evening fire has razed no fewer than 10 shops in Wuse Market in the Federal Capital Territory (FCT), Abuja. The FCT Emergency Management Agency (FEMA), in a statement issued by its spokesperson, Nkechi Isa, said no life was lost in the fire outbreak, which occurred on Tuesday, March 12, 2024. Isa said the cause of the fire was yet to be ascertained. She, however, said the fire was brought under control by a combined team of the Federal Fire Service, FCT Fire Service,…

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Unity Bank, SkillPaddy Partner To Train 1,000 Female Software Engineers

News reaching our newsroom has it that Unity Bank has teamed up with SkillPaddy to train 1,000 female software engineers in its “Count Her In” Tech Programme. The initiative we gather aims to empower women in software engineering and bridge talent supply gaps in the tech industry. As part of activities to commemorate International Women’s Day 2024, Unity Bank will sponsor 40 young girls for the special training program. The goal is to increase women’s participation in the tech industry, where they currently make up only 33% of the workforce…

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CBN Under Buhari A Mess As Most Payments Lacked Presidential Approval

The Special Adviser to President Bola Tinubu on Media and Publicity, Ajuri Ngelale on Monday disclosed that numerous approvals for fund releases within the Central Bank of Nigeria (CBN) during Godwin Emefiele’s tenure lacked the signature of former President Muhammadu Buhari. Ngelale, in an interview on Channels Television, acknowledged President Tinubu’s fairness in acknowledging the issues that transpired under the previous administration, emphasising that many approvals leading to the current economic state had no traceable signature of President Buhari, which also means that the Central Bank of Nigeria under the…

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Only Foreign Borrowing Can Save Naira, Clear CBN Debts – EIU

By NewsBits International business research firm, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support the naira as of now. It stated this in its latest Country Report on Nigeria, which was published on Friday. The CBN unified segments of the country’s foreign exchange market on June 14, 2023, which resulted in a significant depreciation of the local currency. The naira weakened by 36.56% to 632.77/$ on the day the CBN unified the forex market from 463.38/$ at the official market.…

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Enugu: ENSIEC Chairman, Dr. Ajogwu Resigns

By NewsBits The chairman of Enugu State Independent Electoral Commission (ENSIEC), Dr. Michael Ajogwu, SAN has resigned from his position. In a letter addressed to the governor of Enugu State, His Excellency, Dr Peter Mbah, Dr. Ajogwu,  who turned 82 on February 26th, said he’s resigning to spend more time with his family, he said, has stood by him throughout his career. Ajogwu, in the letter, thanked Mbah and his predecessor, Rt. Hon. Ifeanyi Ugwuanyi for the opportunity given to him to serve, while thanking the staff of the commission…

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ECCIMA Ready To Organize Successful 35th Enugu Inter’l Trade Fair – President Jideonwo

The President of Enugu Chamber of Commerce Industry Mining and Agriculture (ECCIMA),  Chief Odeiga Jideonwo has assured of a bigger, better and well-organised 35th Enugu International Trade Fair. Jideonwo gave the assurance while addressing a press conference in Enugu alongside the ECCIMA council members to announce the 35th Enugu International Trade Fair. He said that this year’s edition of the Enugu International Trade Fair would lay specific emphasis on promoting made in Nigeria products. According to him, the focus stemmed from the need to offset the nation’s foreign exchange deficit,…

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EEDC Committed To Improving Customers’ Experience, Ensuring Constant Power – DMD

By NewsBits The Deputy Managing Director (DMD) of Enugu Electricity Distribution Company (EEDC), Dr Ernest Mupwaya has said that  the company was committed to improving customers’ experience and ensuring constant power supply in the South-East. Mupwaya said this in an address during EEDC Customers Town-Hall Meeting held in Enugu on Friday. He noted that EEDC’s mission extended beyond merely providing electricity, as the company strives to ensure that its services exceed customers’ expectations and significantly enhance their daily lives and businesses. According to him, achieving this mission is impossible without…

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Reps To Go After 5,000 Companies Owing Nigerian Govt N5.2trillion In Unpaid Taxes

The House of Representatives has mandated its committees to investigate the non-remittance of N5 trillion to the Federal Government by some businesses operating in Nigeria. The decision to go after the tax defaulters followed the adoption of a motion moved by Esosa Iyawe on Thursday during plenary. The House resolved to mandate the Committees on Public Account and Finance to probe the non-remittance by the organizations and recover the money owed the government. Moving the motion, Iyawe said 5,000 companies owe the Federal Government N5.2 trillion between 2015 and 2019.…

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767 Nigeria’s Manufacturing Companies Shut Down, 335 Became Distressed In 2023 – MAN

By NewsBits The Manufacturers Association of Nigeria has said that 767 manufacturers shut down operations while 335 became distressed in 2023. This came against the backdrop of exchange rate volatility, rising inflation and other economic challenges that have worsened the investment climate. MAN stated this in a statement issued yesterday by Director-General, Mr. Segun Ajayi-Kadir, titled, “MAN Expresses Grave Concerns over the Expatriate Employment Levy.”  It strongly condemned the recently introduced Expatriate Employment Levy by the Federal Government. The association said it was struck with disbelief, seeing that the levy…

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