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Category: Business

Business News

Inland port, part of Enyimba Economic City flagship project.

Okere UgochinyereMay 4, 2019 Dr Okezie IkpeazuSir Ude Oko Chukwu

The Governor, Dr Okezie Ikpeazu says the proposed Inland City Port at the Enyimba Economic Project will form part of the flagship projects in the…

View More Inland port, part of Enyimba Economic City flagship project.
Business News

FAAC: Federal, states ,local governments share N617bn

National Ambassador.May 1, 2019 Federation Accounts Allocation CommitteeNigerian Custom Service

Federal, states and local governments Tuesday shared N617.566 billion from the federation account for the month of March 2019. A communiqué issued by the Technical…

View More FAAC: Federal, states ,local governments share N617bn
Business News

Abia Govt extols Trade , Investment Minister

Chukwuemeka ChijiokeApril 18, 2019 Abia StateDr. Okechukwu EnelamahMinister of Trade and InvestmentOkiyi Kalu

Abia State Government has extolled the Minister of Trade and Investment, Dr. Okechukwu Enelamah, for being ever supportive to the State in ensuring Abia gets…

View More Abia Govt extols Trade , Investment Minister
Business Metro/Crime News

Kano: Fire destroys 35 shops

National Ambassador.April 14, 2019 Alhaji Saidu MohammedKano StateKurmin Yan-nama Market

The Kano State Fire Service says 35 temporary shops have been destroyed by fire at Kurmin Yan-nama Market in Kano State. The spokesman of the…

View More Kano: Fire destroys 35 shops
Business

WhatsApp, Instagram, Facebook down worldwide

National Ambassador.April 14, 2019 FacebookinstagramWatsup

Many Users around the world can no longer access WhatsApp, Facebook and Instagram, the second time that the popular social media platforms would suffer an…

View More WhatsApp, Instagram, Facebook down worldwide
Business News Opinion

Golden Guinea is BACK

National Ambassador.April 12, 2019 Chief Sam Mbakweenyimba economic cityGolden GuineaGovernor Okezie IkpeazuJohn Okiyi KalaMichael Okpara

Earlier today, I drank my first glass of Golden Guinea Beer after more than 17 years. Sam Hart is my witness. In the course of…

View More Golden Guinea is BACK
Business News

Major filling stations in Port Harcourt are close for business

National Ambassador.April 10, 2019 Ikwerri roadIndependent Markers Association of NigeriaPort HarcourtRumuokoro

Major filling stations in Port Harcourt are closed for business today. Some of the stations are situate along  Aba rd, Ikwerri rd, and Rumuokoro  Chiba…

View More Major filling stations in Port Harcourt are close for business
Business News

Nigeria ranked second worst in the world in use of sovereign wealth fund by IMF

National Ambassador.April 10, 2019 Fiscal MonitorInternational Monetary Fund

Nigeria has been ranked as the second worst country in the world in the use of sovereign wealth funds by the International Monetary Fund. According…

View More Nigeria ranked second worst in the world in use of sovereign wealth fund by IMF
Business News

Forty years after: Champion Breweries PLC Promises dividends to shareholders

National Ambassador.April 9, 2019 Amstel MaltaChamp MaltaChampion BreweriesMr. Patrick Ejidoh

The Management of Champion Breweries PLC, the Producers of Champion beer, Amstel Malta, Champ Malta has assured its numerous shareholders across the country of payment…

View More Forty years after: Champion Breweries PLC Promises dividends to shareholders
Business News

Uber to increase fares from Monday

National Ambassador.April 7, 2019 uber

Uber passengers will be charged an extra £1 for journeys in London’s congestion zone from next week. The popular taxi service said that the additional…

View More Uber to increase fares from Monday
Business News

Street Trading: We don’t intend to increase hardship for the poor

National Ambassador.April 1, 2019 IsigateStreet TradingUmuahia North

The Umuahia North Local Government Area says its current move to end the perennial street trading and indiscriminate loading of vehicles and tricycles within the…

View More Street Trading: We don’t intend to increase hardship for the poor
Business News

Aba State Creation:How S’East lost over #2 trillion in 48years -Adaelu

National Ambassador.March 13, 2019 ABA State creationElder Emmanuel Adaelu

South Eastern Nigeria that comprises, Enugu, Ebonyi, Anambra, Imo and Abia, have reportedly lost over two trillion naira on the continuous delay of the creation…

View More Aba State Creation:How S’East lost over #2 trillion in 48years -Adaelu
Business News

Former CBN govenor, wife buy N15.6bn property in UK- Report

National Ambassador.March 7, 2019 Paul Ogwuma

Paul Ogwuma, former governor of the Central Bank of Nigeria (CBN) and his wife have acquired property worth £33 million (N15.6 billion), a UK investigative…

View More Former CBN govenor, wife buy N15.6bn property in UK- Report
Business News

Nigeria loses $16b to oil companies: NEITI

National Ambassador.March 4, 2019 Ibe KachikwuNEITINigeria Extractive Industries Transparency InitiativeProduction Sharing Contracts

The Nigeria Extractive Industries Transparency Initiative (NEITI)said that Nigeria lost at least $16 billion in ten years due to non-review of the 1993 Production Sharing…

View More Nigeria loses $16b to oil companies: NEITI
Business News

Champion Breweries unveils New Magazine in Akwa Ibom

National Ambassador.February 22, 2019 Akwa IbomChampion BreweriesMagazine

The Champion Breweries PLC, the producers of Champ malt, Amstel malt and Champion lager beer has unveiled a new all glossary magazine as part of…

View More Champion Breweries unveils New Magazine in Akwa Ibom
Business

Traders, Workers Declare Support for Wike

National Ambassador.February 9, 2019 Fruit Garden MarketNyesom WikePort HarcourtRivers State

Traders and and workers have declared the unflinching support for the re- election of Rivers State Governor,Nyesom Wike. This took place at the Fruit Garden…

View More Traders, Workers Declare Support for Wike
Business News

Abia first lady charges members, staff of Abia State Cash Transfer Unit

National Ambassador.February 5, 2019 Abia State Cash Transfer UnitChinenye NwoguNkechi Ikpeazu

The wife of Abia State Governor Mrs Nkechi Ikpeazu has charged members and staff of Abia State Cash Transfer Unit to ensure that their programme…

View More Abia first lady charges members, staff of Abia State Cash Transfer Unit
Business News

Contributive Pension Scheme will benefit civil servants, says Oriaku

National Ambassador.January 30, 2019 Abia civil servantsContributive Pension SchemeObinna OriakuOkezie Ikpeazu

Abia State Commissioner for Finance, Mr. Obinna Oriaku, has assured civil servants in the State that the Contributive Pension Scheme would benefit them and relieve…

View More Contributive Pension Scheme will benefit civil servants, says Oriaku
Business News

President Buhari commissions Ariaria Market Independent Power Project

Amarachi UzoukwuJanuary 29, 2019 Ariaria Market Independent Power Project.President Muhammadu Buhari

President Muhammadu Buhari has commissioned the Ariaria Market Independent Power Project in Aba. The project constructed under the Energizing Economies Initiative(EEI) of the federal government…

View More President Buhari commissions Ariaria Market Independent Power Project
Business News

Motorists,traders count woes as Buhari visits Aba

Amarachi UzoukwuJanuary 29, 2019 AbaAbia StateAll Progressives CongressMohammadu Buhari

Traders,commuters and residents of Aba, Abia state are counting their woes as a result of the visit of president Mohammadu Buhari to the commercial nerve…

View More Motorists,traders count woes as Buhari visits Aba
Business News

Consumers jubilate as Reps criminalises estimated bill

National Ambassador.January 24, 2019 estimated billHouse of RepresentativesYakubu Dogara

The consumers of electricity in Port Harcourt expressed happiness over the bill passed by the federal house of Representatives where it outlaws the electricity companies’…

View More Consumers jubilate as Reps criminalises estimated bill
Business News

A/Ibom Government floats Airline Company

National Ambassador.January 3, 2019 Airline CompanyMr. Akan OkonA/IbomNigerian Civil Aviation AuthorityUdom Emmanuel

The  Akwa Ibom State government has announced that it has acquired about three aircraft to kick-start the operations  of the newly established Ibom Airline Company.…

View More A/Ibom Government floats Airline Company
Business

2019 elections: Stock market indicators depreciate by 19.77%

jettyJanuary 3, 2019

The year 2018 was not so rosy for the Nigerian Stock Exchange (NSE) as its crucial indicators depreciated by 19.77 per cent due to uncertainties…

View More 2019 elections: Stock market indicators depreciate by 19.77%
Business

Total begins production from Nigeria’s Egina offshore oil field

jettyJanuary 3, 2019

Total SA said on Wednesday it had started production from the Egina oilfield off Nigeria’s coast, part of a shift by the French energy firm…

View More Total begins production from Nigeria’s Egina offshore oil field

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