Business articles

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

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


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

Nyesom Wike Photo

Rivers 10th Flyover to Cost ₦8.2bn

Rivers State Executive Council has approved the construction of a flyover at Elimgbu/Rumuokwurushi axis of the East-West road in Port Harcourt at the cost of ₦8.2 billion. The approval was given at the EXCO meeting held at Government House, Port Harcourt on Thursday. At a press briefing, the Commissioner for Works, Elloka Tasie-Amadi, said the

Youth Empowerment Programme, ICT-YEP

Delta Empowers About 600 Youths on ICT

Delta State Government on Monday presented starter packs to 593 youths trained on its Information and Communications Technology – Youth Empowerment Programme, ICT-YEP with a call on the beneficiaries to make good use of the opportunity to launch themselves into the technology world. Speaking during the closing ceremony of the first phase of the (ICT-YEP)

Rice Paddies Photo

NDDC Directs Rice Mill to Source Paddies From Local Farmers

The Niger Delta Development Commission, NDDC, has charged Elephant Group, the firm operating its multi-million-naira rice mill at Elele-Alimini, in Emohua Local Government Area of Rivers State, to integrate local farmers in the Niger Delta to be fully engaged in the production of paddies. NDDC Director Corporate Affairs, Ibitoye Abosede, said in a press release

COVID-19 Vaccine Photo

COVID-19: The Jab or Your Job

….Edo Govt Reads Riot Act to Vaccine-Resisting Public Servants With effect from September 15, 2021 when implementation of compulsory vaccination for all residents of Edo State would come into force, the state government on Thursday told its teachers, health workers and other public servants, to choose between taking the jab or losing their jobs. Reading

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