MTN Drags AGF, CBN To Court Over $10.1bn Demands MTN Nigeria yesterday filed a suit against the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation (AGF) to seek a restraining order. The telecommunication sought relief over the $2 billion demand for unpaid taxes owed the nation and the repatriation of $8.1 billion dividends illegally repatriated to South...... read more
Court stops Multichoice from increasing subscription Three weeks after increasing its subscription, a Federal High Court sitting in Abuja has ordered Multichoice not to do so. Justice Nnamdi Dimgba on Monday asked the cable company, sued by the Federal Government, not to impose any hidden charges pending the determination of the plaintiff’s motion on notice for interlocutory...... read more
MSMEs to get N10m collateral-free loans - Osinbajo Vice-President Yemi Osinbajo says the federal government is working towards providing micro, small and medium enterprises (MSMEs) a credit facility of N2 million to N10 million without collateral. Osibanjo made the disclosure at the maiden edition of the MSMEs Award 2018 held at the state house in Abuja on Wednesday. The...... read more
We’ve not done enough for Abia —Shell Managing Director of Shell Nigeria Gas, SNG, Limited, Mr E. D. Ubong, has admitted that the multinational oil firm has not done enough for Abia State, where it has been operating in Owaza community in Ukwa West Local Government Area of the state for over 60 years. Speaking during a courtesy...... read more
Ezekwesili, others advise FG on Excess Crude Account Stakeholders, including a former Vice-President, Africa Region, World Bank, Oby Ezekwesili, on Monday called on the Federal Government to insist on accountability and binding rules on revenue outflow from the nation’s Excess Crude Account. They said the absence of rules of practices governing deposits, withdrawals and investment of the ECA led...... read more
ExxonMobil: Why we sacked spy police officers The Management of ExxonMobil has given reasons why spy police officers on the company’s employ were terminated shortly after being absorbed in compliance with the recent Supreme Court order. On July 13, the spy policemen working for the company in its operational locations in Lagos, Eket in Akwa Ibom State and...... read more
Nigeria, France sign $475m agreements Nigeria and France on Tuesday signed three agreements worth 475 million dollars on social amenities and reforestation. NAN reports that the agreements cover Urban Mobility Improvement Programme of Lagos State, sustainable water supply in Kano city and reforestation in Ogun. President Muhammadu Buhari and the visiting French President Emmanuel Macron witnessed...... read more
Abia govt announce establishment of Modular Refinery A Modular Refinery would soon spring up in Abia State. The cheering news was made public at the office of the Secretary to Abia State Government (SSG) when two investors signed the relevant agreements with Abia State Government in Umuahia. The SSG, Dr. Eme Okoro, signed on behalf of the State...... read more
Nigeria earns N3.8trn from crude oil, gas export in 3 months Nigeria earned N3.738 trillion from the export of crude oil and petroleum products in three months, from October to December 2018, according to latest data released by the National Bureau of Statistics, NBS. The NBS, in its Foreign Trade Statistics for the Fourth Quarter of 2018, stated that petroleum products export...... read more
Abia to set up quality assurance agencies The Abia State Government will set up Standardization and Regulatory Agencies to ensure consistent high quality of Made-in-Aba products. The Commissioner for Information, Chief John Okiyi Kalu, who disclosed this when he received members of DFID Partnership to Engage, Reform and Learn team in his office, also informed that the State...... read more
Igbo man buys Arnold Schwarzenegger’s Bugatti for $2.5m   A Nigerian man, Obi Okeke, popularly referred to as Doctor Bugatti, has purchased Arnold Schwarzenegger’s Bugatti Veyron for $2.5m According to TMZ, the Bugatti dealer has intentions to resell the vehicle. The Bugatti Veyron 2015 model goes 0-60 mph in 2.5 secs and has only had about 1,000 miles on it. Okeke was...... read more
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
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