BUSINESS - The Advocate

Navigation: Home > News > BUSINESS

Atiku dissociates self from ‘Pukka’ posters in circulation

The presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar has distanced himself from the posters in circulation in Abuja, Nigeria's federal capital. Billboards and posters of the former vice president with the inscription: “The PUKKA, H. E. Atiku Abubakar, GCON: The Real and The Right”, flooded some streets...... more

Nigeria’s economy on continuous slide, says World Bank

The World Bank has said that the Nigerian economy has been slipping since 1995 and this continued till 2018. The bank, in its latest report on the regional economy titled, ‘Africa’s Pulse’, released the taxonomy of growth performance in sub-Saharan Africa, which focused on the macroeconomic and financial features that led...... more

FG, NACCIMA hail Ugwuanyi for enhancing Ease of Doing Business in Enugu

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah and the National President of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Iyalode Alaba Lawson have commended Governor Ifeanyi Ugwuanyi of Enugu State for his administration’s innovative measures and steadfastness in enhancing the ease of doing business in...... more

Court nullifies sale of 9mobile to Teleology

ALL steps taken from April 25, 2018 in respect of ownership transfer of Etisalat International Nigeria Limited (9mobile) to Teleology Nigeria Limited were yesterday voided by a Federal High Court in Abuja which set aside the sale of the telecommunication firm. Justice Binta Nyako voided all steps taken in relation to...... more

Defence chief explains military’s role in polls

CHIEF of Defence Staff (CDS) Gen Abayomi Gabriel Olonisakin Thursday defended the action taken by the military during the general elections. The Gen. Olanisakin noted that if such actions were not taken and deployment of the military personnel made, the security situation of the country would have been jeopardised. Speaking yesterday...... more

Federal character, press freedom: I’ll correct lapses of my first tenure – Buhari

President Muhammadu Buhari has pledged to correct lapses of his first tenure in his final lap in office, which begins on May 29. He gave the assurance when he received the leadership of the Nigeria Union of Journalists (NUJ) led by the National President, Chris Isiguzo, in the State House, Abuja. The...... more

FG, trucks association begin data capturing of heavy duty trucks on Nigerian roads

The Federal Government in collaboration with Heavy Duty and Haulage Transport Association of Nigeria has started data capturing of heavy duty trucks on Nigerian roads. The National Secretary of the association, Mr Elvis Okolie disclosed this on Thursday in Enugu during a workshop organised for heavy duty drivers in the state....... more

How Do We Alleviate Poverty In The Igbo Society?

By Chukwuemeka Obinwugo One day I was in Main market Ọnicha with my in-law and looking at the numerous goods and services exhibited in different shops for market and sells, I asked my in-law, “Nwanne, do you know the financial worth of all the goods and services in this market?”, he...... more

Inflation rate drops to 11.31% in February – NBS

THE National Bureau of Statistics (NBS), says the Consumer Price Index (CPI) which measured inflation decreased to 11.31 per cent (year-on-year) in February from 11.37 per cent recorded in January. The NBS made this known in its “CPI and Inflation Report’’ for February released in Abuja on Friday on its website....... more

Nwobodo, Nnamani, Chukwuma applaud peaceful polls in Enugu

Former governor of old Anambra State, Senator Jim Nwobodo Saturday said that the worst corruption is to rig an election and subvert the will of the people. He spoke in Enugu after casting his vote just as Archbishop Emmanuel Chukwuma placed a curse on politicians that would rig the election, saying...... more

Election: Man shot dead in Ayogu Eze’s compound

A young man identified as Onuorah Odoh, a brother to an All Progressives Congress, APC House of Assembly candidate in Enugu State, has been shot dead. He was reportedly gunned down by a security operative attached to Senator Ayogu Eze, the governorship candidate of the APC in Saturday’s election. Eze and...... more

PDP yet to explain the irresponsible expenditure of 1999 to 2014 — Buhari

PRESIDENT Muhammadu Buhari has said that the Peoples Democratic Party, PDP, has yet to explain the “irresponsible expenditure” that took place between 1999 and 2014. He said the main opposition party still has questions to answer on how it spent the oil money that accrued to the country within that period. He...... more

Enugu Polls: PDP, APGA, SDP, fault APC’s allegation against INEC

Three political parties in Enugu State have dismissed as totally false the allegation by the chairman of the All Progressives Congress (APC) in the state, Dr. Ben Nwoye and Director-General of Senator Ayogu Eze campaign organization, Hon. KGB Oguakwa that the Independent National Electoral Commission (INEC) has plans to hand over...... more

Bomb blast hits commuter bus in Enugu

Residents of Enugu were thrown into fear Thursday night following a bomb blast that occurred in the capital city. Although no life was lost, several passengers sustained various degrees of injury when the commuter Hiace bus was yshattered by the explosive. The bus which was on township services was heading to New...... more

Nigeria Elections: There’s a plot to kill Atiku – Ex-APC spokesman Timi Frank

The former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, has expressed fear over emerging plot to destabilise the rescheduled presidential elections, adding that there were also plot to leave the Presidential candidate of the People Democratic Party (PDP) Atiku Abubakar, vulnerable during the election. According to...... more

Polls: Ohanaeze, MASSOB, IPOB, reaffirm support for Atiku/Obi (Full Communique)

COMMUNIQUÉ ISSUED TODAY, THURSDAY, FEBRUARY 21ST 2019 AT AN EMERGENCY MEETING OF IGBO STAKEHOLDERS AT ENUGU Ohanaeze Ndigbo Worldwide in collaboration with Alaigbo Development Foundation (ADF) convened an emergency meeting of Igbo Stakeholders today, February 21st 2019 at Enugu, the aim of which is to exhaustively review recent events in the...... more

Enugu East: Court sacks APC Senatorial candidate

A Federal High Court sitting in Enugu, Tuesday, sacked the senatorial candidate of the All Progressives Congress, APC for Enugu East Senatorial district, Prince Lawrence Eze declaring that he was not properly nominated for the contest. The court ruled that the plaintiff, Adaku Ogbu Aguocha, who came second in the APC...... more

Popular prophet, El-Buba reveals winner of 2019 presidential election

The General Overseer of Evangelical Bible Outreach Ministries Int’l (EBOMI), Prophet Isa El-Buba, on Tuesday predicted that President Muhammadu Buhari will lose the election to his Peoples Democratic Party’s counterpart, Atiku Abubakar. El-Buba stated this while addressing journalists in Jos, the Plateau State capital. He said, “I know that the strongest...... more

US opposes Onnoghen's suspension

The United States has reacted to the suspension of Walter Onnoghen as Chief Justice of Nigeria (CJN). President Muhammadu Buhari suspended Onnoghen on Friday, citing an order from the Code of Conduct Tribunal (CCT). In a statement on Saturday, the US embassy in Nigeria said it had taken note of widespread...... more

Buhari mourns Shagari

President Muhammadu Buhari has expressed great sadness at the news of the passing away of the First Executive President of the Federal Republic of Nigeria, Alhaji Shehu Usman Aliyu Shagari. Buhari said, “On behalf of my family, the government and the people of Nigeria, it is with immense sadness that I...... more

Zuckerberg sees ‘progress’ for Facebook after ‘tumultuous’ year

Facebook chief Mark Zuckerberg said Friday the world’s biggest social network has “fundamentally” changed to focus on securing its systems against manipulation and misinformation. Capping a tumultuous year marked by data protection scandals and government probes, Zuckerberg said he was “proud of the progress we’ve made” in addressing Facebook’s problems. “For...... more

I’m under a siege – Dino ....says Police trying to plant guns inside his car

The Senator representing Kogi West Senatorial District in the National Assembly on Friday raised the alarm that some policemen numbering over 20 in two Hilux trucks forcefully entered his compound. Melaye through his verified Twitter handle, @dino_melaye, also said he recorded the security operatives on camera while trying to put some...... more

Buhari, APC failed Nigerians on all campaign promises – Saraki

The President of the Senate, Bukola Saraki, on Tuesday decried the level of insecurity and poverty in the country, saying that the All Progressives Congress has failed Nigerians. He described the hardship which the APC he helped to power in 2015 has subjected Nigerians to as unprecedented. Saraki spoke on a...... more

Stop wasting resources on substandard imports, SON tells importers

The Standards Organisation of Nigeria (SON) has urged importers of substandard goods to desist from wasting huge sums of money on importation of goods that have no consumer utility. SON also said that such fake goods would end up being destroyed if intercepted, pointing out that the agency would stop at...... more

Witness: How Bianca’s Estate Agent allegedly defrauded Ojukwu Transport of N182m

A Lagos High Court sitting in Ikeja, has been told how an estate agent, Mr. Emmanuel Omuojine, allegedly defrauded Ojukwu Transport Ltd (OTL) of various sums of money totalling the sum of N182 million. The prosecution witness, Dr. Ike Ojukwu, who is a Director in OTL, told the court that the...... more

Top 10 most lucrative businesses in Nigeria

Starting a business in Nigeria may be a bit difficult, especially if you are a bit confused about what business to venture into. Here is a list of top 10 most lucrative businesses in Nigeria from wealthresult.com. You may wish to consider some Agriculture This is the next revolutionary industry in Nigeria where...... more

2019: My government won’t accommodate cabal – Atiku

The presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar, has said after winning the 2019 election, and form a unity government, his regime would not accommodate any cabal. Atiku spoke Friday in Abuja, during a meeting between him and leaders of 45 political parties who endorsed him as consensus...... more

UNTH is not indebted to Resident Doctors --CMD

The management of the University of Nigeria Teaching Hospital, UNTH, Enugu, has denied the allegation by the Association of Resident Doctors that it owed its members arrears of salaries, saying no fund was released in favour of the payment of the trainee medical doctors It described as nonsensical claims by the...... more

2019: PDP reports Buhari to UN, reveals how president is plotting to rig elections

The Peoples Democratic Party, PDP, on Friday alleged that the Presidency and the All Progressives Congress, APC, were plotting to “militarize and scuttle the conduct of the 2019 general elections, particularly, the presidential poll.” The National Chairman of the PDP, Prince Uche Secondus stated this when he led members of the...... more

Buhari has done much for Ndigbo — Chime

Former governor of Enugu State, Sullivan Chime, has urged Igbos to vote for President Muhammadu Buhari in their own interest.Chime told journalists in Enugu Wednesday that the President had done a lot for the people to warrant their support. According to him, Buhari does not need to campaign but we are...... more