By UKPONG UKPONG Emerging Leaders of Akwa Ibom State have picked interest in promoting agriculture as a pivot for industrialization and economic growth. Encouraged by Governor Umo Eno’s promise to build an agrobased industrial economy, they have initiated conversations on the viability and sustainability of adopting agroenterprise as a vehicle for socioeconomic change. Recently, […]
Norfund – the Norwegian Investment Fund for developing countries — is set to invest $12 million in the agricultural sector. West Africa Regional Director, Naana Winful Fynn, said more capital should be expected with the fear of naira devaluation gone and complexities around multiple exchange rates resolved. She spoke yesterday during a virtual media […]
There are strong indications that the national average price of petrol will rise further as marketers benchmark costs against rising exchange rates. Marketers who spoke to our source yesterday, against the backdrop of continued depreciation of the naira, said the implication would be that their cost has also increased beyond the figure used in […]
Happiness Henshaw Worried about the increasing danger that roadside display of wares is posing to her citizens and residents, the Akwa Ibom State Government has issued a one-month ultimatum to traders who sell by the road-side around the Uyo metropolis to vacate or face wrath of the law. Making this known in a statement […]
There was palpable anxiety among members of the public yesterday, following a rise in the ex-depot price of petrol by 4.3% to N490 per litre. As a result, some petrol stations have started selling above N500 per litre, N12 higher than the N488 per litre price in the Lagos area. But findings by our […]
The inventive spirit of Nigerians has continued to cushion the effect of continuous increases in prices of goods and services. Nigerians are known to be tough and adapt to changes easily, due to their ability to adapt or create other alternatives. The removal of fuel subsidy, which has resulted in over 100 per cent […]
There are indications that the Central Bank of Nigeria, CBN has directed banks to trade foreign exchange at any exchange rate in the Investors & Exporters window based on willing buyer, willing seller arrangements. In response the I&E window exchange rate rose sharply to N610 per dollar, as at N12:50 pm from N471.67 yesterday […]
President Bola Tinubu has suspended the Central Bank Governor, Godwin Emefiele, from office with immediate effect. The Director of Information, Office of the Secretary to the Government of the Federation, Willie Bassey disclosed this in a statement on Friday night. He explained that the suspension of the CBN governor was based on the investigation […]
Michael Freeman, Ambassador of Israel to Nigeria has reassured of his country’s commitment to partner towards realisation of the policy on the creation of one million jobs through the digital economy. Mr Freeman, also Permanent Representative of Israel to ECOWAS, said this at the news conference on the official inauguration of the 3rd cohort […]
By Ukpong Ukpong Now, the euphoria of winning the gubernatorial contest and being sworn into office is subsiding, the governor, His Excellency (Pastor) Umo Bassey Eno, is expected to hit the ground running (just as he promised during campaigns) because in less than four months he should be commissioning projects to mark his first […]