Enugu Commences Contract Termination, Blacklisting Of Erring Contractors

The Enugu State Government has announced that it’s commencing the process of terminating contracts of non-performing and underperforming companies. The government also said it was blacklisting erring contractors handling the ongoing constructions of smart schools and Type-2 Primary Healthcare hospitals in the state. The new development was disclosed by the Secretary to the State Government (SSG), Prof Chidiebere Onyia, in Enugu when he led members of the State Executive Committee on Projects Inspection to the sites of some of the ongoing projects in Agwu, Aninri, Udi and Oji River Local…

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Enugu Issues December Deadline For Commencement Of Operations By Mineral Title Holders

By Tony Adibe The Enugu State government weekend met with mineral title holders in the state, issuing them December deadline for the commencement of operations. NewsBits reports that this is in an attempt to restore its prominence as the leading coal mining state in the former Eastern Region of Nigeria. In a communique issued at the end of a meeting between the state’s Mineral Resources and Environmental Management Committee (MIREMCO) and mineral title holders in the state, the parties resolved to initiate further stakeholder engagement to identify additional challenges in…

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Transparency, Accountability & Efficiency Must Remain Cornerstones Of AMCON’s Operations – Lawmakers

Members of the House of Representatives Committee on Banking and Other Ancillary Institutions with the Executive Management and other Senior staff of AMCON in a group photograph after the oversight visit at AMCON in Abuja…Tuesday Following the change in the Executive leadership of the Asset Management Corporation of Nigeria (AMCON) by President Bola Ahmed Tinubu GCFR, the House of Representatives today in Abuja charged the Corporation, which is currently led by Gbenga Alade as Managing Director/CEO to continue to innovate and adopt best practices in asset recovery, management, transparency, accountability,…

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EEDC Arrests Ex-Staff For Alleged Meter By-Pass, Tampering For Customers

The Enugu Electricity Distribution Company (EEDC) said it has arrested its ex-staff for alleged meters by-pass and tampering for its customers in Onitsha, Anambra. The Head of Corporate Communications, EEDC, Mr Emeka Ezeh, said in a statement in Enugu on Thursday that the suspect was arrested on July 4. Ezeh said that the suspect identified as Lawrence Okeke specialised in the replacement of original meter sensors with fake ones thereby by-passing the meters and making them not to record the actual consumption by customers. This development has negatively impacted on…

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GMD Of UBA, Alawuba Emerges Nigeria’s Body Of Banks’ CEOs Chair

The Group Managing Director/Chief Executive Officer, United Bank for Africa, (UBA) Plc, Oliver Alawuba, has been appointed as the Chairman of the Chartered Institute of Bankers of Nigeria (CIBN) Body of Banks’ CEOs. The CIBN announced this appointment on its website on Monday, July 8, 2024. In his role as Chairman, Alawuba will be at the forefront of fostering collaboration and driving strategic initiatives among the top executives of banks in Nigeria. Like he has achieved as the GMD of Africa’s Global Bank, UBA, his leadership is expected to bring…

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Naira Weakens Against Dollar Despite Surge In External Reserves

The naira has returned to depreciation against the dollar in the foreign exchange market despite the increase in Nigeria’s external reserves. FMDQ data showed that the naira depreciated to N1523.85 against the dollar on Monday from N1509.67 traded last Friday. This represents N14.18 loss against the dollar compared to the N1509.67 traded on Friday. Similarly, the naira depreciated to N1530 per dollar at the parallel foreign exchange market on Monday from N1525 on Friday. The development comes despite the rise in Nigeria’s external reserves to $34.66 billion as of July…

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3 Ex-Policemen Arrested For Hijacking Petrol Tanker In Enugu

In response to a trending video, the Nigeria Police has confirmed that the suspects involved in the hijacking of a DAF SF Truck carrying 40,000 litres of Premium Motor Spirit (PMS) along the Ohodo-Opi Road in Igbo-Etiti LGA, Enugu State, on May 29, 2024, were dismissed police officers. A police statement issued in Enugu noted that the suspects were apprehended after a meticulous operation which led to the rescue of the abducted driver and motor boy. Among those arrested are ex-Insp. Otache Egbe, ex-Insp. Abah Solomon and ex-Sgt. James Mamah.…

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“Economy Fully Booked” As Nigerians Fly From US To London To Join Air Peace

Nigerians have praised Air Peace profusely for its decision to start offering flights to London. Many Nigerians travel from the US to the UK to take advantage of the inexpensive airfares between the US and Europe. Despite the challenges, Air Peace has provided Nigerians with a dependable and effective substitute. Air Peace has received a plethora of praises from Nigerians for its choice to begin flight service to London. They claim that the decision was well-considered and is paying off. Many Nigerians who have used Air Peace to travel to…

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Volkswagen Dumps Nigeria, To Build Auto Assembly Plant In Egypt

Building upon the progress and mutual understanding achieved under the agreement signed in November 2023 – to work together to develop a feasibility study on a shared automotive painting facility within the East Port Said Industrial Zone in the East Port Said Automotive Zone (EPAZ) in Cairo – Volkswagen Group Africa and the Government of Egypt have signed a new agreement. This is coming at a time that the Volkswagen of Nigeria auto assembly line run by Stallion Motors has remained moribund as there have been no activities for years…

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Ecobank Nigeria Launches Super Rewards ‘Millionaire Geng Promo’

…To Reward Over 500 Customers’ For Loyalty Ecobank Nigeria, a subsidiary of the Ecobank Group, the leading pan-African banking group, has unveiled a deposit mobilisation campaign ‘Ecobank Super Rewards ‘Millionaire Geng Promo’ targeted at rewarding customers’ loyalty. The six-month campaign, which is set to run between July 1 and December 31, 2024, will see 540 customers of the Pan African bank winning various monetary rewards. Announcing the commencement of the campaign, Head, Consumer Banking, Adeola Ogunyemi said it is part of the bank’s strategy to reward customers’ loyalty, adding that…

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