Economy

Jul
25
2025
By Amos Oge Kalu
Reps Ultimatum: CBN Governor Faces Arrest Threat Over N3.64 Trillion Debt

Reps Ultimatum: CBN Governor Faces Arrest Threat Over N3.64 Trillion Debt

Business, Economy, News, Politics, ,
The House of Representatives has issued a 14-day ultimatum to the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, to settle a N3.64 trillion debt owed to the Federal Government. Failure to comply may result in a warrant of arrest being issued against him. According to the House Committees on Public Accounts and Public Assets, the debt represents 70% of an outstanding N5.2 trillion in unpaid operating surplus for the period spanning 2016 to 2022. The lawmakers emphasized that the CBN's non-compliance with the Finance Act 2020 has prompted this decisive action. The CBN has been directed to transfer unclaimed…
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Jul
24
2025
By Amos Oge Kalu
Abia Govt Warns Against Extortion by Impersonators in Ohafia LGA And Across the State

Abia Govt Warns Against Extortion by Impersonators in Ohafia LGA And Across the State

Abia State, Economy, News, Politics, , ,
The Abia State Government has issued a stern warning against the illegal collection of revenue by unauthorized individuals in Ohafia Local Government Area. The Deputy Governor, Engr. Ikechukwu Emetu,FNSE stated this while condemning the practice, saying that it undermines the trust between the government and citizens. According to reports, certain individuals have been impersonating government officials, collecting fees from motorists in Ohafia LGA without proper documentation or authorization. This has led to tensions in the Community, with some residents taking matters into their own hands. In a statement, the Deputy Governor emphasized that the Abia State Government does not authorize…
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Jul
23
2025
By Amos Oge Kalu
Nigeria Strengthens Global Creative Ties with EU to Deliver Jobs and Growth Under Renewed Hope Agenda

Nigeria Strengthens Global Creative Ties with EU to Deliver Jobs and Growth Under Renewed Hope Agenda

Business, Cultural Heritage, News, Sponsored, ,
Abuja, Nigeria | July 22, 2025 – In a landmark diplomatic engagement aimed at expanding Nigeria’s global cultural and economic footprint, the Honourable Minister of Art, Culture, Tourism, and the Creative Economy, Hannatu Musa Musawa, led a high-level delegation to a strategic meeting with ambassadors of European Union member states at the EU Embassy in Abuja. The session, hosted by the European Union Delegation to Nigeria and ECOWAS under the leadership of Ambassador Gautier Mignot, focused on advancing international partnerships to fuel growth, job creation, and innovation within Nigeria’s creative and cultural industries. Speaking at the meeting, Honourable Minister Musawa…
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Jul
21
2025
By Amos Oge Kalu
Soludo’s Economic Team Urged to Learn from Peter Obi’s Success

Soludo’s Economic Team Urged to Learn from Peter Obi’s Success

Business, Economy, Metro, News, Opinion, Politics, , , , ,
As Prof. Charles Soludo nears the end of his first term as Anambra State Governor, attention has been drawn to International Breweries PLC, a company attracted by former Governor Peter Obi in 2012. R ecent data from the Anambra State Internal Revenue Service shows that International Breweries PLC is the sixth highest paying tax entity in the state, with only banks paying more tax. This development has sparked criticism of Governor Soludo's economic team, with calls for them to learn from Peter Obi's success in attracting investments. The company, which started operations under Obi's administration, has become a significant contributor…
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Jul
21
2025
By Amos Oge Kalu
Court Orders Forfeiture of Over N1bn Linked to Ebonyi SSG

Court Orders Forfeiture of Over N1bn Linked to Ebonyi SSG

Business, Economy, Lifestyle, Metro, News, Politics, , , ,
A Federal High Court in Uyo, Akwa Ibom State, has ordered the interim forfeiture of over N1 billion linked to Professor Grace Umezurike, Secretary to the Ebonyi State Government (SSG), and her aide. The Economic and Financial Crimes Commission (EFCC) had filed an ex parte application leading to the court's decision. The funds were allegedly diverted from the Ebonyi State Government's treasury into six accounts with United Bank for Africa (UBA). The funds were said to have been earmarked for purchasing rice for Ebonyi residents during the 2024 Christmas celebrations. Justice Maureen Onyetenu granted the EFCC's prayers, ordering the respondents…
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