Economy Archives - Page 31 of 69

Mar

06

2024

FAAN to Relocate Businesses from Port Harcourt Airport

Business, Economy, Metro, News, PoliticsEconomy, Metro, Next Level, Nigeria, Politics

The management of Port Harcourt International Airport has announced plans to relocate concessionaires and mini-businesses from the operational areas of the domestic wing. This decision aims to address the proliferation of shanties and improve the overall environment of the airport. Ngozi Onyeanwunna-Nwosu, the airport's public relations officer, clarified that the relocation is not intended to displace thriving businesses but rather to enhance serenity, security, and standards within operational areas. FAAN, as the regulatory authority, prioritizes public interest in its policies and implementations. The relocation initiative, which was communicated to affected business operators since November 2023, seeks to provide a better…

Mar

04

2024

By David Okoye

Nigerian Navy Destroys Illegal Refineries and Seizes Stolen Crude Oil in Bayelsa

Business, Economy, Metro, NewsBusiness, Economy, Metro, Navy

The Nigerian Navy Forward Operating Base in Brass, Bayelsa, has conducted a successful operation targeting illegal refinery sites and seized stolen crude oil as part of the ongoing Nigerian Navy Operation Delta Sanity. Commanding Officer Capt. Murtala Aminu Rogo announced the destruction of three illegal refinery sites and a wooden boat, along with the confiscation of 160,000 liters of suspected stolen crude oil. The operation, aimed at combating illegal oil theft and bunkering in the Niger-Delta region, resulted in the interception and destruction of illegal activities following patrols conducted by Navy personnel along the Brass River and Akassa general area.…

Mar

04

2024

By David Okoye

Vice President Shettima Praises Tinubu’s Economic Reforms and Job Creation Initiatives

Economy, Metro, News, Opinion, PoliticsEconomy, Kashim Shettima, Next Level, Opinion, Politics

Vice President Kashim Shettima lauds President Bola Tinubu's economic reforms, stating they will strengthen Nigeria's economy despite short-term challenges. Speaking at the inauguration of the Outsource to Nigeria Initiative (OTNI) in Gombe, Shettima highlights Tinubu's strategic understanding of Nigeria's economic landscape and global trends. Shettima emphasizes that the tough decisions taken by the present administration are necessary for Nigeria's long-term economic prosperity, assuring citizens that the reforms will fortify the economy's foundations. He views these challenges as short-term hurdles paving the way for a resilient and prosperous future. Regarding the Outsource to Nigeria Initiative, Shettima sees it as a crucial…

Mar

02

2024

By Amos Oge Kalu

Investors are already drawn to Aba’s steady power.

Business, Economy, Metro, NewsAba, Abia State, Economy, Metro

Barely 24 hours after Geometric Power turned on consistent power in the economic hub of Abia State, investors have started to flow into Aba. Taiwanese directors of Maxxis Tyres reportedly paid traditional rulers in Ukanku Community, Ukwa East LGA, Abia State, a visit to look at the area where they aim to establish a large-scale tyre manufacturing facility. According to the now-viral post on social media, the production range will comprise tyres for cars, light trucks, ATVs, motorcycles, tricycles, trailers, and more. Taiwan-based Cheng Shin Rubber Industry Co. owns the Maxxis Tyres brand. It began as a manufacturer of bicycle…

Feb

28

2024

By David Okoye

Navigating Economic Hardship: Advice from Flour Mills HR Head

Business, Economy, Metro, News, OpinionEconomy

Lara Yeku, Head of Human Resources at Flour Mills of Nigeria, offers advice to Nigerians on overcoming economic challenges. In an interview in Lagos, she emphasizes the importance of creativity and resilience in identifying and seizing opportunities for wealth creation amid widespread hardships. Yeku highlights the impact of economic difficulties on individuals, businesses, and society as a whole, stressing the need for a proactive approach in response to crises. She advocates for emotional awareness, exploration of options, community collaboration, and lifestyle changes as essential strategies for navigating economic uncertainties. Encouraging a shift from reactive emotions to proactive reflection, Yeku suggests…