Business Archives - Page 35 of 46

Jun

22

2023

Ohanaeze to Tinubu: “Seme border reopening, end of chokehold on Igbo businesses”

Business, Economy, Metro, News, OpinionBusiness, Economy, Metro, Nigeria, Ohanaeze Ndigbo, Opinion

In his efforts to improve the lives of many Nigerians, a group of the Ohanaeze Ndigbo Worldwide applauded President Bola Tinubu for reopening the Seme border for the importation of vehicles and urged for more encouraging government initiatives. Ohanaeze said that the decision to reopen the Seme land border marked the end of a period in which Igbo firms in Nigeria were politically and economically stifled. The organization's Secretary-General, Mazi Okechukwu Isiguzoro, said that the choice would promote economic growth. Igbos anticipate increased infrastructure development in the Southeast, according to a statement by Isiguzoro. Isiguzoro declared: "Ndigbo appreciates such promising…

Jun

14

2023

By Amos Oge Kalu

Banks get freedom from CBN to trade forex at any rate

Business, Economy, MetroBusiness, Economy, Metro, Nigeria

The Central Bank of Nigeria has authorized commercial banks to freely trade foreign exchange at any rate. The authorization means that banks now have the power to sell forex at a market-determined rate. Some banks have pegged the USD to Naira rate at N699 to N750, suggesting that Nigeria is now operating a freely floating exchange rate in line with President Bola Ahmed Tinubu’s pledge to unify the rate. Reacting to the development in an Arise Television interview on Wednesday, Dr. Andrew Nevin, the Advisory Partner & Chief Economist of PricewaterhouseCoopers (PwC), said the unification of foreign exchange rates will…

Jun

14

2023

By Amos Oge Kalu

Dr Ukpai Iro Congratulates Rt. Hon Ben Kalu as he emerges Deputy Speaker of 10th HoR

Abia State, Business, Ohafia, Politics2023, Abia State, Benjamin Kalu, House of reps, Opinion, Politics, Ukpai Iro Ukpai

The governorship candidate of the New Nigeria People's Party in the Abia 2023 gubernatorial contest, Dr Ukpai Iro Ukpai, has congratulated Rt. Hon. Benjamin O. Kalu, member representing the good people of Bende Federal Constituency in the Federal House of Representatives, describing it as victory well deserved. In a brief statement he personally sighed and made available to OHAFIATV News, the renowned Economist and proponent of Digital Economy in Abia State said that this new elevation is going to demand greater responsibilities, encouraging him to live up to the expectations of the people. He also charged the Deputy Speaker not…

Jun

05

2023

By Amos Oge Kalu

Court stops NLC, TUC from embarking on strike over Fuel Subsidy Removal

Business, Economy, Metro2023, Court, Economy, Fuel Scarcity, Metro, Next Level, Nigeria

The National Industrial Court, NIC, sitting in Abuja, on Monday, restrained the Nigerian Labour Congress, NLC, and the Trade Union Congress, TUC, from embarking on their planned strike to protest the unilateral removal of fuel subsidy by the Federal Government. The court, in a ruling that was delivered by Justice O. Y. Anuwe, barred the two organizations from proceeding with the strike action, pending the determination of a suit that was brought before it by FG. The court held that the interim order, as well as the substantive suit, should be immediately served on both the NLC and the TUC,…

Jun

02

2023

By Kalu Odinakachi

Gov Alex Otti appoints sole administrator, reopens Abia market

Abia State, Business, Economy, PoliticsAbia State, Alex Otti, Business, Economy, Politics

Governor Alex Otti has reopened the Umuehilegbu Industrial Market in Osisioma LGA of Abia State after it was closed for some time because of leadership crises. The governor appointed Timothy Iheke Kalu as the sole administrator of the market for three months, during which he is expected to work with various unions in the market to resolve all issues that led to the closure of the market. The new market sole administrator is also expected to institute proper leadership, which would enable the market to function seamlessly during his three-month reign.