Economy Archives - Page 55 of 95

Sep

19

2023

Nationwide blackout resulting from a new failure of the national grid

Business, Economy, MetroBusiness, Economy, Electoral Amendment Bill, Metro

A nationwide blackout is the result of yet another national grid failure. The national grid apparently failed on Tuesday at 11:31 a.m., according to OHAFIA News. Emeka Ezeh, Head of Corporate Communications, Enugu Electricity Distribution Company, EEDC, verified that the business lost supply from the grid around 11:31 a.m. on Tuesday in an exclusive interview with OHAFIATV News. "In fact, we haven't had supplies since around 11.31 a.m. In our network, sua has not been used. That is the predicament we are in, but there has been no actual proof of a systemic breakdown", he said. The president of the…

Sep

17

2023

By Amos Oge Kalu

El-Rufai says Nigeria’s most prosperous economic period is under the Obasanjo govt.

Economy, News, Opinion, PoliticsEconomy, El-Rufai, Obasanjo, Opinion, Politics

Former Kaduna State Governor Nasir El-Rufai acknowledged that Nigeria's economy grew noticeably during the second term of former President Olusegun Obasanjo. E-Rufai stated that Obasanjo's second term was the most successful time of economic growth in Nigeria during a session at the Africa In the World conference on Friday in Stellenbosch, South Africa. El-Rufai worked as a minister for Obasanjo, the first president of the fourth republic to be freely chosen, from 1999 until 2007.The former governor claimed that Obasanjo's administration was economically successful because it had good planning, adding that it was fortunate because the price of crude oil…

Sep

15

2023

By Amos Oge Kalu

The headline inflation rate in Nigeria rises to 25.80%

Business, Economy, MetroBusiness, Economy, Metro

Inflation in Nigeria went from 24.08 percent in July to 25.80 percent in August. This information was released by the National Bureau of Statistics on Friday in its most recent Consumer Price Index Report for August 2023. In comparison to July 2023, the headline inflation rate in August 2023 increased by 1.72 percent. The headline inflation rate was 5.27% points higher on an annual basis than the rate, which was 20.52% in August 2022. As a result, the graph showed that, on an annual basis, the headline inflation rate rose in August 2023 compared to the same month the year…

Sep

15

2023

By Amos Oge Kalu

Plans for metro rail line between Nasarawa and Abuja on top gear – Wike

Economy, Metro, PoliticsAbuja, Economy, Nasarawa State, Nyesom Wike

According to Nyesom Wike, the Federal Capital Territory Administration (FCTA) will collaborate with the government of Nasarawa State on the construction of rail lines and road networks. When Nasarawa Governor Abdullahi Sule paid him a visit in his office on Friday, the FCT minister made this statement. Wike emphasized the importance of collaboration for the growth of the two institutions while recognizing how close Nasarawa State and the Federal Capital Territory are to one another.He stated that FCTA would start talks with the Nasarawa State Government on building a metro rail from Apo to Keffi and finishing the road artery…

Sep

12

2023

By Amos Oge Kalu

Our approach to human development should be holistic, and encompassing – Dr Kalu

Abia State, Amos Oge Kalu, Economy, Opinion, PoliticsComr Amos Kalu, Emeka Kalu, Opinion, Politics

By Comr Amos Kalu At a time in Nigeria when things seem to be out of place and the living standard of the populace is at its lowest ebb, the CEO of ECK Care Foundation and converter of Global Initiative for Good Governance, GIGG, Chief Dr. Emeka Kalu, has continued to emphasize on the need for politicians to adopt a holistic and encompassing approach to human development and a means to advance a lot of the people. Chief Dr. Emeka Charles Kalu (ECK) In a short message, he sent to OHAFIATV News from the US-Base, the vocal politician and good…