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Enugu witnesses major breakthrough in Investment drive


…partners Chinese Firms on Industrial Hub   Enugu State Government Friday witnessed a major breakthrough in its efforts to attract foreign investments in the state, with the presentation of a N300 million cheque to three communities of Ogwofia Owa, Enugu Eke and Akama Oghe by Lion Business Park Limited as compensation for the economic crops and structures on the 2000 ...

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Ugwuanyi: We’re Partnering China to make Enugu Trading Hub


Governor Ifeanyi Ugwuanyi of Enugu State has reiterated his administration’s vision to make the state the economic and industrial hub of the South-East region and a preferred investment destination in the country. Speaking when the ambassador of the Peoples Republic of China, Mr. Zhou Pingjian, paid a courtesy visit to the Government House, Enugu, the governor noted that the Enugu ...

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Chime not owner of Enugu Mall – Spar

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Multinational super shop, Spar, has disassociated former Governor Sullivan Chime from ownership of the Enugu Mall. Spar, formerly Park and Shop, stated that the former governor of Enugu State has nothing whatsoever to do with the company, which opened shop in Enugu, yesterday. The Enugu Mall, which is currently under investigation by the Economic and Financial Crimes Commission, EFCC, is ...

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Ugwuanyi plans credit facilities for traders

Governor Ifeanyi Ugwuanyi of Enugu State

Governor Ifeanyi Ugwuanyi of Enugu State has disclosed that his administration is currently discussing with financial institutions, international corporations and other relevant organizations on the ways and means of extending easier and more convenient lines of credit and other facilities to traders in the State to assist them grow their various businesses. Gov. Ugwuanyi added that the government is also making ...

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Innoson sues GTBank, demands N400bn


Innoson Nig. Ltd., a local car manufacturer, has filed a lawsuit against Guaranty Trust Bank for character assassination and defamation. The company together with its founder, Chief Innocent Chukwuma, took the matter to a High Court sitting in Abuja and are demanding N400bn as damages for injury to their reputation, moral character, credibility, office, vocation and trade. They also seek ...

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Taking Fanta, Sprite with Vitamin C is Poisonous, Court Insists


A Lagos high court has insisted that the National Agency for Food, Drug Administration and Control (NAFDAC) must mandate the Nigeria Bottling Company (NBC) to include on all bottles of Fanta and Sprite soft drinks manufactured by the company a written warning that the content in such bottles of Fanta and Sprite cannot be taken with Vitamin C as same ...

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FG disburses fresh N243.7bn Paris Club refund to states


The Federal Government, on Tuesday, confirmed the release of N243.79bn as the second tranche of  Paris Club Refund to the 36 state governments and the Federal Capital Territory. The Director of Information in the Federal Ministry of Finance, Mr.  Salisu Dambatta, confirmed the release in a statement. With the fresh release of the second tranche of N243.79bn, the amount so ...

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Brand withdrawal: Change of name won’t affect operations – Etisalat Nigeria


Emerging Markets Telecommunication Services Ltd. trading as Etisalat Nigeria on Tuesday informed its customers that the change of brand name will not affect its operations. The Vice President, Regulatory and Corporate Affairs, EMTS, Mr Ibrahim Dikko, in a statement said that EMTS was aware of recent news reports regarding Etisalat Group’s withdrawal of the right to the continued use of ...

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BoI to Inject N1tr into local economy


The Bank of Industry (BOI) plans to inject N1trillion into the Nigerian economy through collaboration with financial institutions in the country and development institutions in Africa. The Managing Director of BOI, Mr. Olukayode Pitan disclosed this to journalists on Tuesday at the inauguration of the governing board of the bank at BOI’s headquarters in Abuja. The synergy, Pitan said was to ...

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EEDC awards N10bn pre-paid meters contract


The Enugu Electricity Distribution Company says it has awarded N10bn contract to commence the first phase of customer metering, in a bid to provide all customers with pre-paid meters. A Director and board member of the company, Dr. Stephen Dike, who made this known in Enugu on Friday, however, said that it would take the company five years to provide ...

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