Category: Economy

FIGHT ILLEGALITIES IN OIL AND GAS SECTOR, NASTROGN TASK GOVT

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Obiorah Anthony Ugwonwa National Association of Surface Tank Oil and Gas Retailers of Nigeria (NASTROGN) has revealed that plans are under way by the federal government of Nigeria to establish tank farms and mini distribution centers in the 774 Local Government Areas (LGA) across the country for storage of petroleum products for both new and old petroleum marketer in Nigeria through public private partnership agreement. Nze Ibeneme Frank, President of the association, during a sensitization programme organized by the leadership of the association in partnership with the National Orientation Agency,…

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UNDER SOLUDO, ANAMBRA IS WITNESSING AGRIC BOOM

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Obiorah Anthony Ugwonwa Anambra State has witnessed boom in rice production, cassava, fish farming and animal husbandry within two years and some months of Governor Charles Chukwuma Soludo’s led administration. The Commissioner for Petroleum and Natural Resources, Barrister Anthony Ifeanya, who made the submission in a press interview during the Anambra 2024 New Yam Festival at Alex Ekwueme Square, Awka, said that there was rice production boom in Ayamelum Local Government Area and other parts of the state this year. Attributing the laudable feat in the state to the way…

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Group organises energy, oil and gas summit to stimulate investment, create jobs in Nigeria, Africa

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The African Peace Organisation (APO) is set to organise the 3rd edition of the International African Energy, Oil and Gas (IAEOG) Summit to promote business cooperation, stimulate investment and create jobs among African countries. The summit, which is billed to take place in Namibia, will further boost business cooperation with Nigeria as a follow up to the African Continental Free Trade Agreement (AfCFTA). The event is organised to address the poverty rate in Africa. This is coming against the report that in 2024, around 429 million people in the continent…

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AMML accuses sister company of sabotaging its operations in Abuja markets against court order

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The Abuja Markets Management Limited (AMML), on Monday, accused its sister company, Abuja Investments Company Limited (AICL), of sabotaging its operations of managing the Federal Capital Territory (FCT)-owned markets despite a valid court judgment.The AMML Legal Adviser, Felix Edacbe, made the allegation during a press briefing in Abuja.Edache alleged that the Group General Manager (GMD) of AICL, Mr Abubakar Maina, unlawfully directed his workers to take over the AMML offices across markets in the FCT.The lawyer, who alleged that the development had hindered the company from performing its mandate of…

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Onitsha South LG Boss Plans Fire Station At Bridgehead Market

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By Alphonsus Nweze The Chairman of Onitsha South Local Government Area of Anambra State, Mr. Emeka Orji, has promised to build fire station at the Bridgehead market as a way to checkmate fire incidence in the market. The chairman spoke weekend when the Fact-Finding Committee on November 8, 2022, explosion and fire incident at the market which he set up presented its report at the Local Government Headquarters. The chairman said the building of fire station in the market with complete fire equipment would be his priority to checkmate fire…

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Abuja Markets Management Ltd. MD resumes work following court judgment

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Alhaji Abubakar Faruk, the Managing Director, Abuja Markets Management Ltd (AMML), on Wednesday, resumed to his office after a Federal High Court judgment that nullified his redeployment by the Board Chairman, Abubakar Maina, and the former Minister of Federal Capital Territory (FCT), Mohammed Bello.Justice Donatus Okorowo of FHC Abuja, in a judgment on Monday, ordered Faruk’s reinstatement as MD of AMML.Justice Okorowo also ordered the defendants, their staff and privies to restrain themselves from interfering with the Faruk’s exercise of his powers or carrying out the ordinary business of the…

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Anambra targets N4b revenue Monthly – Madubuko

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Alphonsus Nweze The Anambra State Government is targeting an Internally Generated Revenue (IGR) of Four Billion Naira (4b) every month. The Executive Director of the State Internal Revenue, Anambra Internal Revenue Service, Dr. Christian Madubuko, stated this on Thursday in Onitsha during his visit to markets in Onitsha to sensitive the traders on the need to pay their taxes. Madubuko, a former Commissioner during Chief Willie Obiano’s administration said each trader was expected to pay N12, 200, comprising the entire tax a trader was suppose to pay for the year.…

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Keke, Okada Riders’ Welfare Pledge to Collaborate with Soludo, Security Operatives in 2023

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Alphonsus Nweze The Keke and Okada Riders’ Welfare in Anambra State have pledged to collaborate with Governor Chukwuma Soludo and security outfits in the State to curb insecurity in 2023. The State Organiser of Keke and Okada Riders’ Welfare, Chief Arunsi Igbaniuka, who said this during the new year party for his members held at Holiday Resort, Onitsha, the State commercial hub, assured that they are working hard to stop Keke robbery, handset snatching and any form of crime using Keke or Okada. To that extent, Igbaniuka announced the setting…

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We hold general sanitation in support of Soludo – Bridgehead PG

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Alphonsus Nweze The President-General of Bridgehead market, Onitsha, Anambra State, Hon. Chinedu Ezekwike, has said that the market embarked on sanitation exercise as a way to support the Anambra State Government in its effort to clean the State. He said that the market has been organising sanitation exercise in the past within different markets in Bridgehead but this time, they had to engage in intensive exercise to ensure a general cleaning of the market, involving all the traders. “This is more intensive and special and that is why every union…

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Anambra Market Splashes N7m on Indigent Traders – Nwankwo Tasks Traders on PVC

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Fourteen traders of Building Material Market, Ogidi in Idemili North Local Government Area of Anambra State home last Wednesday smiled home as the management of the market splashed half a million naira each on them to help them restart their businesses. The president of the market, Chief Jude Nwankwo, who himself handed over the cheque advised them to use the money judiciously.He prayed that with the seed money they would prosper beyond limit.The president also presented food items and cash to some motherless babies home and physically challenged persons at…

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