Business

Buhari-led Govt Created Over 8million Blue Collar Jobs In Less Than 3 Yrs- Ngige

Buhari-led Govt Created Over 8million Blue Collar Jobs In Less Than 3 Yrs- Ngige

Breaking, Business, Economy, Politics
Minister of labour and employment, Dr Chris Ngige says the President Muhammadu Buhari-led federal government has created over eight million jobs in less than three years. Ngige said the jobs were mostly blue collar jobs, which he said was the main hub in employment generation today. He said farming, carpentry, bricklaying, tiling and many others constitute the blue collar jobs which the federal government was now using to redeem youths from joblessness occasioned by lack of white collar jobs. The minister, who spoke to journalists Friday at Ifitedunu, Anambra State after the ground breaking ceremony of a specialist skill acquisition centre, said because of the huge employment potential in the blue collar jobs, the federal government decided to build centres where it would give you...
We Are Worried Over The Mindless Killings In Nigeria- AYF Expresses Dismay

We Are Worried Over The Mindless Killings In Nigeria- AYF Expresses Dismay

Breaking, Business, Opinions
The Arewa Youth Forum, AYF, has expressed dismay with the mindless killings in Benue, Kaduna, Kwara and Rivers States, saying it calls for concern in the country. The forum said, “Arewa Youth Forum is worried about the mindless killings all over the country especially those in Benue, Kaduna, Kwara and Rivers, also that these carnage is taking place in the new year. Our thoughts are with those affected.” Gambo Ibrahim Gujungu, National President of AYF in a statement said, “We are even more amazed this is coming shortly after the extension of the tenure of the service chiefs, as such it calls for serious concern. “Is this the good work that the President extended their tenure for. It is time for them to justify their continuous stay in office or
Business: New Twist As Innoson Slams EFCC With N200bn Lawsuit

Business: New Twist As Innoson Slams EFCC With N200bn Lawsuit

Breaking, Business
There has been a new twist to the saga involving Innocent Chukwuma, CEO of Innoson Nigeria Limited, Guaranty Trust Bank, and the Economic and Financial Crimes Commission (EFCC), as Chukwuma has filed a N200 billion lawsuit against the EFCC. According to a statement issued by Cornel Osigwe, spokesperson to the Innoson boss,  the lawsuit has been filed at the Enugu high court by Joseph N. Mbadugha of McCarthy Mbadugha & Co, the counsel to Innocent Chukwuma. Chukwuma is suing the EFCC for defamation, malicious falsehood and unlawful imprisonment. The Innoson boss had been arrested by the capital market and insurance fraud unit of the EFCC on December 19 on the grounds that he resisted arrest and used forged documents to get tax waivers. But Osigwe insisted that at no time did
Attack On Igbo Businesses – Innoson Opens Up On Arrest By EFCC

Attack On Igbo Businesses – Innoson Opens Up On Arrest By EFCC

Breaking, Business
The Chief Executive Officer (CEO) of Innoson Group, Innocent Chukwuma has dismissed the reports that his arrest by the Economic and Financial Crimes Commission (EFCC) had an ethnic undertone. According to News Express, the businessman said this when he addressed a large crowd which thronged his residence on Saturday. “It {his arrest} has no tribal or zone undertone but was purely business-related,” the newspaper quoted him to have said. Operatives of the anti-graft agency picked Chukwuma up from his Enugu residence on Tuesday. This sparked a controversy, with a social media campaign that Guaranty Trust Bank (GTB) should be blacklisted for purportedly being behind the ordeal of the billionaire businessman. The Indigenous People of Biafra (IPOB) had weighed in on the issue, alleging tha
You Are A Hypocrite Economy Has Crashed! Aisha Yesufu Blasts President Buhari

You Are A Hypocrite Economy Has Crashed! Aisha Yesufu Blasts President Buhari

Breaking, Business, Economy, Politics
Aisha Yesufu Co-convener of Bring Back Our Girls Group has blasted President Muhammadu Buhari over his ill performance as a president. Aisha who made reference to Buhari’s tweet in 2015 blaming former President Goodluck Jonathan for fuel crisis called him a hypocrite “Dear President Muhammadu Buhari @MBuhari your tweet below says it all about your hypocritical stand. “Your tears, words, tweets were never about Nigeria but about your need to come & enjoy the perks of power. “You have failed as the Minister of Petroleum & more so as the President. She tweeted The BBOG co-convener said the president has failed as a minister of petroleum for turning deaf ear to the lingering fuel crisis situation officially. According to her, President Buhari is swayed by power theref
Breaking News: Marketers In Anambra Defy DPR, Sell Fuel At N250 Per Litre

Breaking News: Marketers In Anambra Defy DPR, Sell Fuel At N250 Per Litre

Breaking, Business, Economy
The price of Premium Motor Spirit (PMS), otherwise known as fuel in Anambra State has hit N250, with some petrol stations even selling for as much as N300 per litre in some parts of the state. Attempts by the Department of Petroleum Resources (DPR) to compel marketers to sell the product at the government regulated price of N145 per litre have, however failed, with some of the stations openly rejecting DPR’s plea and enforcement. DAILY POST’s correspondent, who went round Awka, reports that, although the price of the product was high, it was also not available to motorists who have to move from one spot to the other looking for the products and ending up in long queues. DAILYP OST observed that the DPR team, which came from their Enugu Office on enforcement, sealed 12 filling stat
Filling Stations In Rivers State To Face Clampdown By The DPR- DAILY POST Reports

Filling Stations In Rivers State To Face Clampdown By The DPR- DAILY POST Reports

Breaking, Business, Economy, Politics
The refusal of filling stations to make PMS available to the public is beginning to bite harder in Port Harcourt. DAILY POST reports that filling stations in the city of Port Harcourt open their stations at night to dispense at N190 per litre, which leads consumers to patronize black market during the day. To this end, the Department of Petroleum Resources has warned owners of fillings stations against selling the products above the approved pump prices. The DPR has also threatened to sanction any depot or filling station owner who is caught selling above the regulated price, especially in Rivers State. The Port Harcourt Zonal Controller of Operations of the DPR, Ibani Frank-Briggs gave this indication during a media briefing in Port Harcourt. Frank-Briggs blamed panic buyin...
Business: Innoson CEO Released On Bail By The EFCC

Business: Innoson CEO Released On Bail By The EFCC

Breaking, Business, Politics
The Economic and Financial Crimes Commission has released the statement below announcing the release of Innocent Chukwuma, the Chief Executive Officer of Innoson Motors. The businessman was released on bail, the EFCC said. READ FULL STATEMENT BY THE EFCC The Economic and Financial Crimes Commission has released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail. The businessman who runs a local auto assembly plant was arrested on Tuesday, December 19, 2017, at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while his surety could also not be found. Unfortunately, the industrialist resisted arrest and stirred controversy by bringing six truck-loads of thugs...
$1bn Approval For Insurgency: APC Governor Yari Accuses Jonathan Again

$1bn Approval For Insurgency: APC Governor Yari Accuses Jonathan Again

Breaking, Business, Economy, Politics
The Governor of Zamfara State, Abdulaziz Yari, has said that former President Goodluck Jonathan got twice the $1 billion approved by the governors to fight insurgency. Yari said there was nothing wrong with the approval of $1 billion for the fight against insurgency for the current administration. The governor was addressing reporters after a meeting at the presidential villa in Abuja. Yari, who is the Chairman of the Nigerian Governors’ Forum, NGF, said his colleagues decided to shun partisan politics when accepting that the money should be taken from the excess crude account. “Nigeria governors forum discussed this issue at our November meeting and we agreed across party lines that this thing was done in 2014 where $2 billion was taken in agreement with the governors. “And
Account For over N5bn- EFCC Tells Former Senate President

Account For over N5bn- EFCC Tells Former Senate President

Breaking, Business, Politics
Former Senate President, David Mark will today, Monday, account for over N5.4billion slush cash and campaign funds traced to him. According to an Economic and Financial Crimes Commission (EFCC) operative, who asked not to be named due to the sensitive nature of the issue, Mark is also expected to respond to issues raised in the Panama Papers bordering on his relationship with some oil firms. He is to answer questions on the following issues: N550m arms procurement cash; N2.9billion curious payment into National Assembly’s account, which was shared to Senators during his tenure; and his role in the N2billion campaign funds meant for Benue State. “There is also Mark’s alleged links with eight offshore oil companies by #Panama Papers in flagrant violation of the code of conduct for p
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