Category: Business

Aregbesola has provided opportunities for business to thrive in Osun- Obaleye

Emporium Reporters

An Osun industrialist and Chief Executive Officer of Yinka Oba Foams Nigeria Limited, Dr Eunice Olayinka Obaleye (MON), has lauded the administration of Governor Rauf Aregbesola for providing businesses the conducive atmosphere to succeed. The octogenarian business woman commended Governor Aregbesola for the tremendous achievements recorded in the last seven and half years, describing the feat as unprecedented in the history of the state since creation. Dr Obaleye made the statement while hosting the Governor and his entourage who were on a congratulatory visit to her residence in Ilesa, on…

Buhari approves retirement of CBN Deputy Governor, Adelabu

Emporium Reporters

CBN building President Muhammadu Buhari has formally accepted the disengagement of the Deputy Governor in charge of Operations at the Central Bank of Nigeria, Mr. Adebayo Adelabu, with effect from July 15, 2018. In a letter dated May 24, 2018 and signed by him, Buhari thanked Adelabu for his services to the country and wished him the best in his future ambitions. “While appreciating your services in the Central Bank of Nigeria since 9th, April 2014, I wish you the very best in your future ambitions and continued commitment to public service in our country…

INFRASTRUCTURE DEVT: GOV Sani-Bello Appeals To FG on Minna- Abuja Rail Line …Commends President Buhari on Abuja – Kaduna Rail Line

Emporium Reporters

Niger State Governor, Alhaji Abubakar Sani-Bello has called on the Federal Government to expedite action on the proposed light guage rail line linking Minna, the state capital with Abuja, the federal capital.   He made this passionate call after he took a train trip from Abuja to Kaduna, Kaduna State at the weekend.   The governor also made case for the reactivation of the Minna-Baro rail line, as work on the dredging of the Baro Inland Port are getting to completion, in order to ease evacuation of goods.   Impressed…

$16bn on power: I am ready for probe, Obasanjo replies Buhari

Emporium Reporters

A former President, Chief Olusegun Obasanjo, says he is ready for probe over the recent news report quoting President as asking where was the power the former president claimed he had spent $16bn on. This was contained in a statement credited to Obasanjo’s media aide, Kehinde Akinyemi, released in Abeokuta on Tuesday evening. Obasanjo had said in the statement that this was not the first time such question would be asked as the immediate past administration before Buhari had done the same thing. He said all the enquiries and probes…

Kano Billionaire,Sheikh Isyaku Rabiu Dies at 90

Emporium Reporters

A multi-billionaire, Kano businessman and Islamic scholar, Sheikh Isyaku Rabiu is dead.According to reliable sources who spoke to the News Digest, Sheikh Isiyaku passed away after a brief illness in the United Kingdom. He was aged 90 years before his death. A business Associate who confirmed the news to the News Digest said he will be buried according to Islamic rites as soon as his body arrives Nigeria. Sheikh Isyaku founded a major family operated holding company with a history of investment in manufacturing, insurance, banking and real estate. In…

WORLD PRESS FREEDOM DAY : Owing journalists their salaries is a Gross Violation of their rights—-Nuj

Emporium Reporters

As the World Commemorate World Press Freedom day, the FCT Council of the Nigerian Union of Journalists NUJ has called on all media organization to make payment of salaries a priority and where such media organisations feel they are unable to do so, should consider merger with other media houses or risk running out of business. The union in a release jointly signed by the FCT Council Chairman, Paul Ella Abechi and the Secretary, Rafat Salami stated that media owners who have deliberately and criminally refused to pay the salaries…

NNPC Partners Osun on Renewable Energy Development

Emporium Reporters

The management of the Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to partner the Osun state government on renewable energy development.   NNPC said the partnership was necessary to efficiently and productively explore the agricultural potentials of the state in order to drive the corporation’s diversification dream from oil and gas to renewable energy development in Nigeria.   The management of NNPC made the disclosure at a meeting with the Governor of the state, Ogbeni Rauf Aregbesola at Government House, Osogbo.   The General Manager Joint Venture of…

NIGER GOVT SECURES N21.5BILLION SUKUK BOND FOR INFRASTRUCTURE DEVELOPMENT:

Emporium Reporters

Niger State government in an attempt to tackle Infrastructural deficiency, has secured a N21.5 billion Sukuk bond to execute six projects within the next two years. The Commissioner for Finance, Alhaji Zakari Abubakar disclosed this on Monday while briefing news men in Government House in Minna, the state capital. Abubakar who said the essence of the bond which will be released in two tranches was to enable the state government carry out basic facility projects that will be of benefit to the people and the state added that the projects were…

GOV SANI-BELLO OFF TO DUBAI FOR ANNUAL INVESTMENT MEETING

Emporium Reporters

Niger State Governor, Alhaji Abubakar Sani-Bello is attending Annual Investment Meeting in Dubai. The annual event which is a World Leading Foreign Direct Investment Forum, FDI opens on Monday at the Dubai World Trade Centre. The theme is : ‘Linking Developed and Emerging Markets through FDI: Partnerships for Inclusive Growth and Sustainable Development’. The global gathering is expected to offer Niger State Delegation opportunity to interface with other global players, listen to various discussions on global, continental, regional, national and private sectors learnt lessons, best practices, global trends and new focus.…

House Leader Introduces Bill To Stop Use Of ‘Estimated Billing’ By Electricity Distribution Coys

Emporium Reporters

A bill to criminalize the use of ‘estimated billing’ in the calculation of electricity consumed and to be paid for by consumers by Nigeria’s electricity distribution companies has passed first reading in the House of Representatives. The bill which was sponsored by the House Leader, Femi Gbajabiamila, contains sections criminalizing the arbitrary estimation of energy consumed by consumers who have not been supplied pre-paid meters by the electricity distribution companies. In a press statement, Gbajabiamila’s media aide, Olanrewaju Smart, quoted the lawmaker as saying the bill was necessitated by complaints…