Economy Archives - Page 43 of 69

Aug

13

2023

NASS concessions: SERAP sues Akpabio and Abass

Economy, PoliticsAkpabio, Economy, Representatives, Senate

The Senate President, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, are the targets of a lawsuit brought by the Socio-Economic Rights and Accountability Project (SERAP) over "the unlawful plan to spend N40 billion on 465 exotic and bulletproof cars for members and principal officials, and N70 billion as "palliatives" for new members." The lawsuit was filed shortly after Akpabio claimed that the National Assembly Clerk had transferred "holiday allowances" to "various senators' bank accounts." Nigeria's 137 million people live in abject poverty. SERAP is requesting an order of mandamus in the case FHC/L/CS/1606/2023, which was…

Aug

09

2023

By Amos Oge Kalu

Sea ports, new cities will soon arise in the Southeast – Iwuanyanwu

Economy, News, Opinion, PoliticsBiafra, Economy, Iwuanyanwu, Ohanaeze Ndigbo, Politics

Chief Iwuanyanwu, who revealed the information in a conversation with one of our correspondents on Monday night, asserted that the South East merited a working sea port in light of the region's significant investment and participation in trade and commerce. He expressed confidence that initiatives to involve the required parties in the idea would be effective. "We'll be constructing additional cities in Igbo land very soon. We also anticipate a seaport. Before I pass away, we want Igbo land to be beautiful and our children to be proud of Igbo territory". Chief Iwuanyanwu Chief Iwuanyanwu said Ohanaeze was dedicated to…

Aug

09

2023

By Amos Oge Kalu

Abia state to provide land as Hungarian company invests $1.5 million to increase manufacturing

Abia State, Business, Economy, News, PoliticsAbia State, Alex Otti, Business, Economy, Politics

The creation of a manufacturing plant within the state is subject to negotiations with the Hungarian company Ortoprofil, which have been authorized by the governor of Abia State, Alex Otti. According to information obtained by Nairametrics, Ortoprofil intends to invest $1.5 million in the state of Abia to create raw materials, shoes, prosthetics, and other items through a partnership. The Governor's Chief Press Secretary (CPS), Kazie Uko, released a statement on Monday announcing this event. The choice was made during a meeting over the weekend between high-ranking members of the Hungarian government, led by Mr. Gabor Kruss, Deputy Ambassador of…

Jul

28

2023

By Amos Oge Kalu

WEMA Bank Plc introduces its new in-branch self-service product, Phygital.

Business, Economy, SponsoredBusiness, Economy, Wema Bank

Wema Bank Plc, the leading financial institution in innovation and technology has launched Phygital Branch, a self-service platform that combines the best aspects of traditional and digital banking, in all its branches nationwide. YouTube video: “Phygital is the result of Wema Bank’s recognition that a segment of our customers still enjoys the physical experience of traditional banking but without potential hassles such as queues that can diminish the experience.”, announced Mabel Adeteye, Wema Bank’s Head of Brand and Marketing Communications at the launch of the initiative. “Phygital tablets grants our customers the seamless in-branch experience they desire by reducing the…

Jul

28

2023

By Amos Oge Kalu

100,000 firms to be removed from the CAC database – See Why

Business, Economy, MetroBusiness, CAC, Economy, Metro

100,000 registered firms will soon be deleted from the Corporate Affairs Commission's database, according to the organization. The Registrar-General and Chief Executive Officer of CAC, Alhaji Garba Abubakar, announced the commission's intention to remove 100,000 registered firms from its database during a training on "Use of the Beneficial Ownership Register" in Lagos. "CAC steps up enforcement of going off its register of 100,000 companies for failure to file an annual return," Abubakar added. He claimed that the Corporate Affairs Commission was scheduled to revoke the status of 100,000 businesses that had missed their deadline to submit yearly reports over the…