Business articles

Obaseki Set to Lift Ban On Gold Mining in Edo Community, Promises Enhanced Security

Obaseki Set to Lift Ban On Gold Mining in Edo Community, Promises Enhanced Security

The Edo State Government will soon lift the ban on illegal gold mining in Dagbala community in Akoko-Edo local government area of the state. An indication to this effect was given by the Commissioner for Mining and Energy, Ethan Uzamere, an engineer, when he inspected buildings for security personnel in the community as part of

Reviewing The Infrastructure Development Debacle

The often loud claims of infrastructure development by the current government has not resonated well with the Nigerian public, because what has been delivered, is too little to cheer about, mainly because of the wrong financing strategy, with all the associated limitations. These limitations have led to delayed delivery, higher cost and overall inefficiency and

More Edo Communities to Enjoy Stable Electricity from Ossiomo Power Plant – Igiehon, MD

The managing director of Ossiomo Power Plant in Edo State, Dr. Uwa Igiehon, has assured that communities across the three senatorial districts of the state will soon start to enjoy stable electricity supply, courtesy of the company. Speaking on Sunday at a media briefing, Igiehon said this is in line with Governor Godwin Obaseki’s renewed

Illegal Demolition: We Never Ceded our Land to Oba of Benin says Ulegun Community, As Property Developer Laments Loss of Over ₦38m

One of the victims of the controversial demolition of houses at Ulegun community in Ikpoba-Okha local government area of Edo State, Osaro Ihankpan, a property developer, has been counting his losses, and has therefore demanded justice. Ihankpan, who lamented the destruction of his houses, said four other house owners affected by the demolition last week,

Edo Boasts of Largest Oil Palm Programme in Africa

Edo State Governor, Godwin Obaseki, is upbeat about the state’s strides in the agriculture sector as exemplified in the growing of the largest oil palm project in Africa. Governor Obaseki explained that this was part of efforts to tap from the state’s natural endowments and decouple from the oil economy in its economic diversification drive.

BEDC Mgt Douses Customers’ Fears Over Company’s Status

…Insists no basis for takeover by Fidelity Bank The management of Benin Electricity Distribution Company, (BEDC) Plc has debunked news of the alleged takeover of the company by Fidelity Bank Plc. Reacting to the development, management of the company contended that there was no legal basis for the takeover of the company following the purported

SPDC Reports 51 Broken Pipelines in Niger Delta

Forensic Audit: NDDC Revokes Contracts Awarded Before 2020

The Niger Delta Development Commission, NDDC, has revoked all contracts awarded by the commission before December 31, 2019, for which contractors have not mobilised on site. A statement issued on Sunday by the Director of Corporate Affairs, Ibitoye Abosede, said consequently all monies paid to contractors that had not mobilised on site for those contracts

IMF

The War in Ukraine will bring Economic downturn to Sub-Saharan Africa, Says IMF

The International Monetary Fund, IMF, says the war in Ukraine will lead to economic setback for sub-Saharan Africa, including Nigeria, as it brings “a new shock and little room to manoeuvre.” The Fund had forecasted a promising regional recovery for sub-Saharan Africa with economic activities on the upside in 2021. However, the Ukraine war precipitated

Hope Uzodinma

Uzodinma Signs MOU with NDDC for Roads

The Governor of Imo State, Hope Uzodinma, and the Niger Delta Development Commission, NDDC, have signed a Memorandum of understanding for the completion of three major road projects in Imo state. At the signing ceremony held at Government House, Owerri, Uzodinma commended the NDDC for its various interventions in the development of the Niger Delta

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