Compel banks to drop interest rates, Donald Duke urges FG

A former governor of Cross River, Mr Donald Duke, has called on Federal Government to compel banks to reduce interest rate to the barest minimum to make credit available and affordable for small businesses. Duke made the call at the 5th anniversary of Political Forum G50, with the theme: “Blueprint For Sustainable Economic Development”in Lagos. According to Duke, Nigerian banking industry is a major obstacle to sustainable economic development because of about 25 per cent interest being charged on loans to customers. “If you want to grow an economy, you…

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Completing Ajaokuta steel coy will revive Nigeria’s automotive industry – DG

Mr Jelani Aliyu, Director-General, National Automotive Design and Development Council (NADDC), on Thursday applauded the Federal Government over moves to ensure the completion of Ajaokuta Steel Rolling Mill. Aliyu made the commendation at the annual conference of Commerce and Industry Correspondents Association of Nigeria (CICAN), in Abuja. President Muhammadu Buhari and his Russian counterpart Vladimir Putin, on Wednesday agreed to put Nigeria-Russia relations on a fast track to ensure the completion of partially completed and abandoned projects initiated by both countries. Buhari’s request for the return of Russia on a…

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EFCC Defeat: SEMCCA Sets To Inaugurate Delta Executive On Oct 11

By Omoghene Benedict, Social Exchange Market Certified Chairmen Association, SEMCCA, Delta State Chapter is set to inaugurate the state executive. According to the national chairman of SEMCCA, Engr. Theophilus Enebechi, “My mission in Delta State is to celebrate and and inaugurate the state executive and make the whole world to know that we exist and by us with Donald Olorunkeyede, our disbursement is here. We don’t think about challenge because project SEMCCA is a divine project of God and mandate and as I speak to you, it is God that…

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BBNaija: Nigerians spent N7.2bn on votes

…………over N1.5 billion spent in last week ……………..Amount higher than a month’s allocation to 3 states put together By Ifeanyi Nwoko Statistics emanating from the final day of the Big Brother Naija Season 4 ‘Pepper Dem Gang’ episode shows that Nigerians spent a whopping N7.2 billion on votes. Announcing the results on Sunday, the host Ebuka Obi-Uchendu said that the season got over 240 million votes, out of which over 50 million votes were cast in the final week of the season. The News Agency of Nigeria (NAN) reports that…

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Vessels Owners Petition Federal Solicitor General

  **Claim Arrested Vessels Were Not Out For Illegal Oil Deals —Describe Prosecution of 17 Crew Members As Unjustified  —Declare Arrest of Vessels By Nigerian Navy  As Illegal, Unconscionable  By Admin, The owners of the Vessels, MT APECUS and MT INVICTUS have petitioned the Permanent Secretary and Solicitor General of the Federation, Federal Ministry of Justice over the kidnapped of Mr Charles Marccathy, a Ghanaian national  and the alleged indiscriminate detention and prosecution of 17 Crew members by the  Nigerian Police ( SCID ), Port Harcourt as well as the…

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Delta Community Issues 3 Months Ultimatum To BEDC To Provide Prepaid Meters, Constant Light Or Quit The Land

UGHELLI Decendant Union, UDU, has issued a 3-month ultimatum to Benin Electricity Distribution Company, BEDC, operating in Ughelli, Delta State, to provide prepaid meters to every house in the kingdom and must ensure that within this period electricity supply is contant or it should be ready to quit the kingdom for other investors to come in. According to UDU, that Transcop Power company has enough of energy but BEDC refused to buy in other to generate light for the use of the people and yet they go about giving people…

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Okowa commends Quincent Over Multi-million Naira Shopping Mall In Delta

 Delta State Governor, Senator Ifeanyi Okowa has commended the Chief Executive Officer, Building World Global Investment Limited, Pastor Irame Emmanuel, popularly called Mr. Quiscent for initiating and completing it’s multimillion naira shopping mall in Ughelli, ‘Shopfair Nigeria.’   Okowa said, while commissioning the project during the weekend, that it will assist the government is reducing unemployment which was one of the major challenges confronting the nation at the moment, adding that it will take such mega investments from private individuals and corporate bodies to expand the opportunities for job…

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You are a failure to Edo people, Nigerians as Gov Obaseki walks out BEDC boss out of his office

Obaseki walks BEDC MD out of his office for throwing state into darkness …tells House of Reps that Edo doesn’t want a ‘failed, unserious’ DISCO There was mild drama at the office of the Edo State Governor, Mr. Godwin Obaseki, on Tuesday, as the governor walked the Managing Director (MD) of the Benin Electricity Distribution Company (BEDC), Mrs. Funke Osibodu, out of his office for failing to meet obligations to electricity consumers in Edo and throwing the state into darkness for weeks. This happened when the governor received members of…

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Nigerian Institute of Management Day: Deficit spending is what kills businesses- Karmah

By Joel Grandball & Omamuzo Efidhere,   Resource person at the Nigerian Institute of Management day lecture, Emmanuel Karmah has stated that deficit spending is what kills most businesses in Nigeria, charging them not spend more than what they make.   “It is all about embracing and applying modern technology and be customer friendly and know the nature of the type of business they would want to engaged themselves with if they want to thrive and be successful.   Speaking on the occasion to mark ‘Annual Management Day Lecture’ by…

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African infrastructure rises by 22%

The Infrastructure Consortium for Africa (ICA) has unveiled the 2017 infrastructure development in Africa which it said rose by 22 per cent. It published the outlook on the first day of the Africa Investment Forum, holding in South Africa. The ICA’s Infrastructure Financing Trends in Africa 2017 report shows that commitments to develop Africa’s infrastructure increased to $81.6 billion in 2017 from US$66.9 billion in 2016. The 2017 figure is the highest reported since 2010, and the ICA’s research shows that the main factors behind the growth include a $13…

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