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South East set for economic revival, as SEBIS unveils strategic plans

The South East Business and Investment Summit Group (SEBIS) on Wednesday has highlighted key challenges affecting investment in the South East, such as limited government support, restricted access to finance, high interest rates, and lack of business structures. Ahead of the December 2024 summit, SEBIS Executive Secretary, Ifedi Okwenna, emphasized that insecurity and an unfavorable business environment have discouraged investors, causing the region to fall behind economically. The upcoming summit […]

today10/16/2024 3

News

lsiguzoro warns ohakim against deceitful elites

Apex Igbo socio-cultural Organization , Ohanaeze Ndigbo has strongly condemned the Igbo Progressive Movement's push to back former Imo State Governor, Ikedi Ohakim, for the next President-General of the organization. With less than 90 days until the scheduled election, Ohanaeze urged Chief Ohakim to reject the offer, calling it detrimental and an obstacle to allowing Rivers State to produce the next President-General. On Wednesday, the group emphasized that the leadership […]

today10/16/2024 4

News

Abia government disburses interest-free loans to young farmers

The Abia State Government has announced the commencement of disbursement of interest-free loans to 302 youths trained in agricultural ventures within the state. The Commissioner for Information and Culture, Okey Kanu made the announcement during a press briefing regarding the outcomes of the State Executive Council meeting at the Government House in Umuahia. The commissioner stated that the beneficiaries of the loans were sponsored for the training program as part […]

today10/15/2024 5

News

FG plans 18-month fundraising for $2bn fibre-optic project

The Federal Government has announced plans to invest $2 billion in a project to deploy 90,000 kilometers of fiber optic cable across Nigeria. Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, made the announcement on Monday during a facility tour of the vandalized Digital Innovation Park in Kano. This initiative aims to expand the country's fiber optic capacity from 35,000 kilometers to 125,000 kilometers, enhancing the terrestrial fiber optic […]

today10/15/2024 6

News

FG advised to sustain ongoing economic reforms

The Federal Government has been urged to continue its ongoing reforms despite the hardships faced by Nigerians. Indermit Gill, Vice President and Chief Economist of the World Bank, made this call in Abuja, commending the Central Bank of Nigeria for its efforts in unifying exchange rates. Gill acknowledged that the current administration's reforms have resulted in significant challenges for many, particularly the vulnerable poor. However, he emphasized that these reforms […]

today10/15/2024 6

World

Hezbollah attack kills 4 Israeli soldiers.

At least four Palestinians have been killed and dozens injured after Israeli fighter jets targeted a tent encampment for displaced Palestinians near al-Aqsa Hospital in central Deir el-Balah, Gaza. Hospital staff are reported to be overwhelmed as they struggle to treat the severely injured, including women, children, and the elderly, with fears that the death toll could rise. In a separate incident, Israeli tank shells struck a school in Nuseirat, […]

today10/14/2024 6

News

Cross-border fuel smuggling dropped after subsidy removal says NNPCL boss

The removal of fuel subsidies in Nigeria has significantly curtailed the cross-border smuggling of Premium Motor Spirit (PMS), according to the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari. Speaking during an interview with journalists on Sunday, Kyari explained that the subsidy regime had created a wide price disparity between Nigeria and its neighboring countries, which made smuggling a highly lucrative activity. Kyari further […]

today10/14/2024 5

News

Obi expresses concern over spate of killings

Labour Party’s 2023 presidential candidate, Peter Obi, has expressed deep concern over the rising wave of violence, kidnappings, and killings across Nigeria. In a post on his official X account, Obi condemned the recent killing of Supersport TV crew members and a police officer, who were ambushed along the Ihiala-Orlu Road in Anambra State. The victims were en route to cover the Super Eagles' 2025 Africa Cup of Nations (AFCON) […]

today10/14/2024 8

News

TETFund commits to funding infrastructure and research in Nigeria

The Tertiary Education Trust Fund (TETFund) has pledged to secure the necessary funds for infrastructural and research development at the newly established African University of Aviation in Nigeria. This commitment was made by TETFund's Executive Secretary, Sonny Echono, during a meeting with the Minister of Aviation, Festus Keyamo, and the university's leadership at the TETFund headquarters in Abuja. Echono praised the minister for his dedication and resolve in supporting the […]

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