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BUSINESS

BREAKING! Excluding Rivers, Anambra, Ebonyi, States Generate N1.05trn In Q1- Q3 2017 NBS IGR Report

BREAKING! Excluding Rivers, Anambra, Ebonyi, States Generate N1.05trn In Q1- Q3 2017 NBS IGR Report

BUSINESS, NEWS
  The National Bureau of Statistics, (NBS), has released the report of the Internally Generated Revenue (IGR) of States for Q3 2017, pegging the total revenue available to states at N1.05trn, excluding those of Rivers, Anambra and Ebonyi States. The report which was released by the NBS on Thursday morning, November 30, shows that a total of N149.45bn was generated by States in Q3 2017 while the Q3 2017 YTD revenue generated by states was put at N473.08bn. The report however excluded Sokoto, Nasarawa, Niger, Kwara, Kano, Katsina, Kebbi, Kogi, Gombe, Edo, Borno, Bauchi, Adamawa, Abia, Ebonyi and Anambra who are yet to report their IGR figures for Q3 2017. The NBS report says a shortfall of N334.84bn was recorded as at Q3 2017 compared to the full year 2016 and Q3 201...
Bloodbath Averted As Delta Govt Wades Into IPMAN Crisis, Moves Election To Asaba

Bloodbath Averted As Delta Govt Wades Into IPMAN Crisis, Moves Election To Asaba

BUSINESS, NEWS
  Prompt intervention of Governor Ifeanyi Okowa of Delta state may have averted a possible clash by members of Independent Petroleum Marketers Association of Nigeria (IPMAN), Warri depot, Delta state at the wake of their forthcoming elections. BigPen Online recalls that IPMAN's elections are always marred by violence and bloody tussel over who controls the soul of the association. It was gathered that a clash was actually averted when the state government took over the process of the election of the union, starting with the accreditation of registered petroleum marketers in the state. Anticipating troubles, our source disclosed that the governor had deployed his Executive Adviser on Security who held several meetings with the leadership and members of the association a...
AfDB Earmarks US$84m For Skills, Business Development In Rwanda

AfDB Earmarks US$84m For Skills, Business Development In Rwanda

BUSINESS
  The Board of Directors of the African Development Bank (AfDB) has approved US$84.3m loan to finance a Skills and Business Development Programme (SBDP) in Rwanda. The program will promote reforms, boost domestic production and create about 200,000 jobs annually. Rwanda’s economic performance remains strong averaging 6.8% % of GDP growth per annum since 2013. The country has also made progress in creating 150,000 off-farm jobs every year since 2014. However, the private sector which is the engine for job creation is not creating enough jobs to absorb the 200,000 youth entering the labour market annually because of the proliferation of unproductive businesses with low survival rates. The Government of Rwanda is keen on developing a competitive private sector and crea
We’ve Reputable Companies Like CCECC, Sectraco, Levante Executing Projects For Us -Delta Govt 

We’ve Reputable Companies Like CCECC, Sectraco, Levante Executing Projects For Us -Delta Govt 

BUSINESS, NEWS
[Widget_Twitter id="1"] The Delta State Government has debunked media reports that suggest major construction companies are exiting the state as a result of "harsh working conditions", saying reputable companies that have track records of quality project delivery like CCECC, Sectraco and Levante are very much on ground executing several projects across the State. State Information Commissioner, Mr Patrick Ukah, in a statement on Wednesday said that the refutal followed reports in some online media on the Asaba airport project insinuating that some major construction companies are exiting the state as a result of "harsh working conditions,". The statement read in full: "I wish to categorically state that those reports are totally false and baseless. "As at today, reputab...
Lagos Is Where It Is Today Because Of The Efforts Of Anambra Indigenes – Obiano

Lagos Is Where It Is Today Because Of The Efforts Of Anambra Indigenes – Obiano

BUSINESS, NEWS
Governor of Anambra State, Chief Willie Obiano has declared that the position of Lagos today in Nigeria is because of the efforts of the people of Anambra State. The governor made this remark in an interview session with Channels Television monitored by our correspondent. According to Obiano, “The greatest thing we want to do is to emulate what the Israelis have done. "We have very rich Anambra people all over the world. "Anambra made Lagos what it is today whether they want to accept it or not, the taxes paid are mostly by Anambra people”. The governor who few days ago won his reelection for second term in office, reeled out his achievements, especially in the area of security and urged the people especially the indigenes to come home and invest in Anmabra. “Before I
Asaba Airport Set For Closure, As Okowa Allegedly Frustrates Contractor To Pull Out Of Delta Amid Controversy

Asaba Airport Set For Closure, As Okowa Allegedly Frustrates Contractor To Pull Out Of Delta Amid Controversy

BUSINESS, NEWS
  Reports from Delta state say Asaba International Airport may be shut down again as the major contractor engaged by Delta state Government is pulling out of the upgrade project. The contractors, ULO Consultants Limited is getting set to further wield the axe against Governor Ifeanyi Okowa who is alleged to have withheld part of the fund approved for the upgrade of the airport by the state House of Assembly. The firm is planning to take drastic action against the Delta state government following what they called “unfavourable working conditions.” According to THEWILL, the contractor has also said it will pull out of all projects being executed on behalf of the state government. This is coming as controversy continue to trail the alleged shoody work done at the Asaba
Delta Assembly C’ttee Chides ULO Consortium Over Poor Job Delivery At Asaba In’t Airport 

Delta Assembly C’ttee Chides ULO Consortium Over Poor Job Delivery At Asaba In’t Airport 

BUSINESS, NEWS
The Delta State House of Assembly Committee on Works has expressed disappointment with the Contractor handling the Asaba International Airport over their seemingly failure to meet up the expectations of the state government toward delivering the project.    Chairman of the Delta State House of Assembly House Committee on Works Hon. (Chief) Evance Ochuko Ivwurie on Thursday while on inspection tour of the project expressed dismay over the failure of the contractor handling the multi-billion naira project. BigPen Online recalls that during the DTHA 2018 budget proposal defense by the Ministry of Works, the House Committee on Works as part of its oversight function had requested for the immediate presence and attention of the contractor handling the Asaba International Airport. The
Delta Govt To Coorporate With FG On Power Billing System,  Energy Theft

Delta Govt To Coorporate With FG On Power Billing System,  Energy Theft

BUSINESS, NEWS
  Delta State Governor, Senator Ifeanyi Okowa has urged the Ministry of Works, Power and Housing and the Distribution Companies [DISCOs] to sentisize  Nigerians on the need to curb energy thefts and resolve power billing issues in the country. Governor Okowa stated this on Monday in Asaba when he received the Minister of Works, Power and Housing, Barr. Babatunde Fashola who led the management team of his ministry and agencies on  a courtesy visit to him. He said that there's the need to create urgent awareness among the populace on the billing system, energy theft,  reduce agitation among the populace and ensure prompt payment of bills. “I wish to appreciate you for the good work you are doing, this consultative monthly meeting is innovative, we are happy that power generation has reac
Delta Oil Hub Threatens Shut Down Of  NNGPTC Installations, Slam NGC Two Weeks Ultimatum

Delta Oil Hub Threatens Shut Down Of  NNGPTC Installations, Slam NGC Two Weeks Ultimatum

BUSINESS, NEWS
Oil producing communities in Gbaramatu Kingdom, Delta state, have threatened to shut down all gas facilities belonging to Nigerian Gas Processing and Transportation Company, (NGPTC) a subsidiary of Nigerian National Petroleum Corporation (NNPC). The shut down of facilities would commence after the expiration of a two weeks ultimatum, starting on Monday. This is coming barely few days after dreaded militant group, Niger Delta Avengers threatens to resume hostility in the region. BigPen Online recalls that the communities had accused, Nigerian Gas Company,  now known as Nigerian Gas Processing and Transportation Company of “covering up” the incident of gas explosion in the area which affected many communities and damage their means of livelihood in the area. Gbara
Nigeria Enters Into Nuclear Development Agreements With Russia

Nigeria Enters Into Nuclear Development Agreements With Russia

BUSINESS, NEWS
Russia and Nigeria has signed agreements on construction and operation of a Nuclear Power Plant and a Research Center housing a multi-purpose nuclear research reactor on the territory of Federal Republic of Nigerians. The parties also signed a roadmap for cooperation in the field of peaceful usage of nuclear technologies. On behalf of Rosatom the documents were signed by Anton Moskvin, Vice president for Marketing and Business Development of Rusatom Overseas (a part of the State Atomic Energy Corporation Rosatom). Mr. Simon Pesco Mallam, Chairman of the Nigeria Atomic Energy Commission signed in behalf of Nigeria. "The development of nuclear technologies will allow Nigeria to strengthen its position as one of the leading countries of the African continent. These are the ...