Business

Business

Presidency: Peter Obi envisages generating over $1bn by 2025.

Presidency: Peter Obi envisages generating over $1bn by 2025.

The 2023 presidential candidate of the Labour Party, Dr Peter Obi has explained how Nigeria can get her economy back on track . First, our focus will be on agriculture and production-centered growth for food security and export, with more emphasis on exporting finished products instead of commodities and raw materials. This relates mainly to food and textiles. Nigeria has over 84 million hectares of arable land. Nigeria has over 84 million hectares of arable land. And barely 40% of our arable land is cultivated today. Nigeria’s arable land is her new oil and gold. We will incentivize the resuscitation…
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Buhari weak in managing Nigeria’s economy, governance – Report

Buhari weak in managing Nigeria’s economy, governance – Report

Nigeria under President Muhammadu Buhari has performed poorly in governance, economic and political transformation, according to the BTI 2022 Country Report. The Bertelsmann Transformation Index (BTI) measures the development status and governance of political and economic transformation processes in developing and transition countries. Founded in 1977, the report is published biennially by Bertelsmann Stiftung, an independent establishment based in Gütersloh, Germany. More than 250 experts from leading academic institutions and civil society organizations worldwide assessed 137 nations. Nigeria is 108th overall: 86th spot for political transformation, 113th for economic transformation, and 99th for governance index. The 31-page report warns that…
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Bureau De Change operators frustrating naira growth – Expert

Bureau De Change operators frustrating naira growth – Expert

A consultant, Dr Boniface Chizea, said the activity of Bureau De Change operators is frustrating the growth of the Naira against foreign currencies. Naira recorded an appreciable rise against the dollar in the parallel market, standing at 730/$ from 900/$ a week ago. Speaking in a chat on Friday while reacting to the latest Naira rise against the Dollar, Chizea said the operation of some BDC is a significant blow to the country’s local currency. He disclosed that the Nation’s economy benefits nothing from the activities of BDC operators. He said the noticeable growth in the Naira after the clampdown…
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Woman confesses to mixing her zobo drinks with HIV blood

Woman confesses to mixing her zobo drinks with HIV blood

A yet-to-be-identified HIV-positive woman has said that she mixes her blood in the zobo drink she sells in order to get other people infected. The said woman made the confession in a radio program on Wazobia FM, MarketRunz on Wednesday night. The show anchor had asked listeners to call in and confess what they do in the marketplace that people are unaware of and what they aren’t proud of. The zobo seller said, “I went to the hospital six months ago and I was told I had HIV. “I don’t have money for treatment so I decided that I would…
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Dr. Ukpai Iro unveils Youth TECHPRENEUR to tackle unemployment. JOIN NOW!

Dr. Ukpai Iro unveils Youth TECHPRENEUR to tackle unemployment. JOIN NOW!

The indefatigable, focused, and goal-oriented New Nigeria People Party, NNPP candidate for the 2023 Abia governorship contest, Dr. Ukpai Iro Ukoai, has made another giant step towards tackling the perennial challenge of youth restiveness, cultism, and some other social vices bedeviling Abia state due to unemployment, he plans to achieve this through we'll packaged technological approach that will create empowerment for the youths. In a recent notification announced by Dr. Ukpai Campaign Organization DUCO Youths planning for Nov 26, 2022, Bootcamp invited the youths to Join the group for the lifetime opportunity to be empowered. The Bootcamp is a foretaste…
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