Economy

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Background

Economy

ELECTRICITY UNION SEEK REVERSAL OF POWER AND WATER SECTORS PRIVATISATION

The National Union of Electricity Employees, NUEE, and the Amalgamated Union of Public Corporation, Civil Service Technical and Recreational Services Employees, AUPCTRE, have called on the Federal Government to urgently revoke the privatization licences granted in the power and water sectors. In a joint statement, the unions argued that Nigeria was better off when the sectors were under government.” NUEE’s North West Zonal Organising Secretary I, AYUBA BARDE, who spoke […]

todayAugust 8, 2025

Economy

HEAVY RAIN PARALYZES LAGOS, FLOODS HOMES AND ROADS IN MULTIPLE COMMUNITIES

Heavy rainfall caused widespread flooding across lagos state on monday, submerging homes and disrupting daily life in nigeria's commercial capital. The nonstop downpour, which began sunday night and continued through monday evening, particularly affected flood-prone areas including ijede in ikorodu, lekki, ajegunle, agege, and surulere. Viral social media videos showed vehicles completely underwater and residents wading through waist-deep water as drainage systems overflowed across the city. The flooding paralyzed economic […]

todayAugust 5, 2025

Economy

RED CROSS TRAINS 50 PERSONS ON EMERGENCY HEALTH RESPONSE

In a joint effort to promote humanitarian service, the Nigerian Red Cross Society and the Obiebere Chukwu Agwu Health Mission Foundation have trained 50 individuals on emergency health response and safety measures at Agwu Town, Agwu Local Government Area of Enugu State. The Enugu Branch Secretary of the Nigerian Red Cross Society, TONY UDEGBULU, alongside certified Red Cross trainer, KIZITO UZOOMA, conducted a comprehensive training session on life-saving skills which […]

todayAugust 4, 2025

Economy

ENUGU GOVERNMENT PROJECTS OVER 600 BILLION NAIRA IGR FOR 2025.

Enugu State Governor, PETER MBAH, has predicted that the state’s Internally Generated Revenue (IGR) may surpass the N600 billion target set for 2025.  The governor spoke during an interactive session with members of the Nigerian Guild of Editors (NGE), on the side-lines of the Guild’s Biennial Convention held in the state over the weekend.   Governor MBAH stressed that the ongoing infrastructure projects and programmes across the state were beyond bricks […]

todayJune 30, 2025

Economy

Nkpokote Nsukka Development Forum Set to Support Security Initiatives in Enugu.

A non-partisan socio-cultural and developmental civil society group,  Nkpokote Nsukka Development Forum has expressed readiness to support security initiatives across the Nsukka cultural zone. In a statement signed by the President General of the forum, Barthilomoew Ugwoke and Secretary General, Emeka Agbo, the group expressed displeasure over the recent surge in insecurity and killings in communities such as; Nimbo, Opanda, and Igga in Uzo-Uwani LGA, Eha-Amufu, and Neke in Isi-Uzo […]

todayJune 23, 2025

Economy

NIGERIA’S INFLATION DROPS TO 22.97%

National Bureau of Statistics, NBS, has announced that Nigeria’s headline inflation rate dropped to 22.97 percent.  NBS said the May 2025 headline inflation rate decreased by 0.74 per cent compared to the April headline inflation rate, while on a month-on-month basis, inflation declined significantly to 1.53 percent in May from 1.86 percent in April.  On a year-on-year basis, the NBS said the headline inflation rate was 10.98 per cent lower than the […]

todayJune 17, 2025

Economy

SheCode for Money Matters Empowers Women with Financial Resources for Sustainable Business Growth

In a robust effort to support and advocate for women's financial freedom, a remarkable business network, SheCode for Money Matters, has affirmed its commitment to building a network of financially independent women across different sectors.Speaking at a conference organized by  SheCode for Money Matters, tagged 'Your Guide to Accessing Finance for Building a Sustainable Business Empire,' the convener, NGOZI EBOH, emphasized the opportunities available within the Women in Business network […]

todayApril 2, 2025

Economy

NIGERIAN ARMY BEGINS RECRUITMENT OF TRADESMEN AND NON-TRADESMEN.

The Nigerian Army has commenced the enlistment of tradesmen, non-tradesmen, and women for its 89th regular recruits intake.The military announced this on its X account, informing the general public that the online application for 89 Regular Recruits Intake for Non-Tradesmen and Women will commence soon for all interested candidates.The statement explained that application is free, and advised applicants to apply once, as multiple applications will lead to disqualification. It added […]

todayApril 2, 2025

Economy

Motorists Feared Dead In Abuja Tanker Explosion

A petrol-laden tanker has exploded at Karu Bridge, near Nyanya, along the Abuja-Keffi Road, Abuja. The explosion occurred when the tanker, carrying Premium Motor Spirit, PMS, otherwise known as fuel lost control and crashed on the bridge, igniting a fire that rapidly spread to nearby vehicles. The incident has destroyed no fewer than 30 vehicles, raising fears of multiple casualties as rescue operations are ongoing. A heavy presence of military […]

todayMarch 20, 2025

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