Business Archives - Page 17 of 24

Jul

06

2023

Abia to join the TSA in September – Otti

Abia State, Amos Oge Kalu, Business, Economy, Lifestyle, PoliticsAbia State, Alex Otti, Business, Comr Amos Kalu, Economy, Lifestyle, Nigeria, Opinion

By Comr Amos Kalu By September of this year, according to Abia State Governor Alex Otti, his Abia state would switch to a treasury single account. The information was released in a statement made on Thursday using his verified Twitter account. Otti noted that the effort will increase openness and efficiency and that it will consolidate all government payments and revenue. Dr Alex Ihuoma Otti - Executive Governor of Abia State Otti urged state stakeholders to accept the change because "it is in the best interest of Abia and its people," adding that it will reduce fraud, streamline tax payments,…

Jun

22

2023

By Kalu Odinakachi

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

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.

May

19

2023

By Amos Oge Kalu

Breaking: Buhari appoints Toyin Madein as Accountant-General

Business, EconomyBusiness, Economy, Mohammadu Buhari, Nigeria, Toyin Madein

he President, Major-General Muhammadu Buhari(retd), has approved the appointment of Toyin Madein as the substantive Accountant-General of the Federation. This was contained in a statement, dated May 19, 2023, which was signed by the Director, Communications, Office of the Head of Civil Service of the Federation, Mohammed Abdullahi Ahmed, on Friday, in Abuja. The Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, stated that the appointment took effect from Thursday, May 18, 2023. Madein was born on March 7, 1965 7 in Iperu Remo, Ikenne Local Government Area of Ogun State, and until her appointment, she was…