Economy Archives - Page 60 of 71

Oct

24

2022

Court orders final forfeiture of over $2.7m Diezani’s Abuja homes, cars

Economy, Lifestyle, Metro, PoliticsCrime, Diezani Alison-Madueke, Economy, Metro, Nigeria

Justice Mobolaji Olajuwon of the Federal High Court, Abuja Monday ordered the final forfeiture of two Abuja properties and two luxury cars belonging to a former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, to the Federal Government. The judge gave the order forfeiting the assets to the federal government while ruling on the application by the Economic and Financial Crimes Commission (EFCC) in Suit No. 1122/2021 and Suit No 1123/2021, asking for the final forfeiture of the assets. The Commission had on November 29, 2021, secured the interim forfeiture of the assets in a ruling on a separate motion ex-parte,…

Oct

23

2022

By Amos Oge Kalu

Rescue Abia Project 2023: Ukpai Iro Ukpai will Reinvent Abia State

Abia State, Amos Oge Kalu, Ohafia, Opinion, Politics2023, Comr Amos Kalu, Economy, Metro, Next Level, Nigeria, Opinion, Politics, Ukpai Iro Ukpai

By arm of flesh shall no man prevail, … But we can do all things through Christ who strengthens us. UIU These are statements of truth from the Holy Book set for us to draw strength, garner wisdom, and derive inspiration for the lofty task of service to humanity because only God chooses leaders to oversee the affairs of his creation. When God is with us, we can do all things. Suffice this to say that the ongoing negotiations to Rescue Abia State will require the wisdom and strength of God to understand that the desire for fresh air is sacrosanct…

Oct

21

2022

By Kalu Odinakachi

Obi donates N5m to Benue flood, herdsmen victims, tasks FG to be proactive

Economy, Lifestyle, Metro, News, Politics2023, Benue State, Economy, Lifestyle, Next Level, Nigeria, Peter Obi, Politics

The Presidential candidate of the Labour Party (LP) Peter Obi has tasked the Federal Government to be proactive in mitigating the effects of the nationwide floods caused by the failure to prepare for the release of excess water from Cameroon and the heavily silted River Benue. Obi disclosed this in Makurdi, the Benue State capital, on Thursday where he had gone as part of his follow-up visit to the state governor Samuel Ortom during which he announced the suspension of his campaign to allow him to show support to victims of the flood disaster. https://twitter.com/OselokaHObaze/status/1583189227483037696?t=8KNEwXtNtFnMcJA7i2pVfA&s=19 Although Obi had appealed to…

Oct

21

2022

By Kalu Odinakachi

FG says Nigeria has lost her most-valued crude oil customers

Business, Economy, Metro, NewsBusiness, Economy, Metro, Next Level, Nigeria

Nigeria has lost its most valued crude oil customers, while some of its gas buyers now compete with the country in the same market, the Federal Government declared on Thursday. It also stated that international oil companies were massively shifting focus to alternative fuels, as the threat posed by the push for renewables was seriously gaining momentum. The government disclosed this through its Nigerian Midstream and Downstream Petroleum Regulatory Authority at the opening ceremony of the Midstream and Downstream Petroleum Industry HSE Managers’ Forum in Abuja. The Chief Executive, of NMDPRA, Farouk Ahmed, who was represented by the agency’s Executive…

Oct

21

2022

By Amos Oge Kalu

IMF says Nigeria, others at risk of political instability over Inflation

Economy, Metro, News, Opinion, PoliticsEconomy, Federal government, Inflation, Metro, Next Level, Nigeria, Opinion

The International Monetary Fund, IMF has said Nigeria and other countries in the Sub-Saharan African region risk social and political instability and worsening food insecurity because of rising inflation. According to the IMF, inflation has nearly doubled pre-pandemic levels in the region, adding that while there is a significant difference between countries, the median inflation rate in the region increased to almost nine percent in August. It said, “And even though the rise has been less dramatic than in other parts of the world, and the drivers are different, inflation is nearly double pre-pandemic levels, risking social and political instability…