BUSINESS - The Advocate

Navigation: Home > News > BUSINESS

OBJ's open letter: Buhari fires Obasanjo as Jonathan hits FG

President Muhammadu Buhari has fired a salvo at critics of insecurity in the country. He described those he accused of politicising the “isolated incidents of insecurity” in the country as unpatriotic. Although President Buhari Buhari, who spoke in Abuja, Tuesday, did not mention any name, it is believed that he was reacting...... more

Cyber thieves, a band of premeditated and dangerous criminals are unleashing reign of terror of unimaginable proportions on the country, underscoring the need for decisive measures to stem the tide.

Cyber thieves, a band of premeditated and dangerous criminals are unleashing reign of terror of unimaginable proportions on the country, underscoring the need for decisive measures to stem the tide. These unarmed but lethal criminals now pose threats beyond the fraudulent and expensive repercussions of hacking and even the monster called...... more

Volkswagen rolls out last beetle

Volkswagen rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward SUVs. Serenaded by a mariachi band and surrounded by proud factory workers, the final...... more

EEDC frowns at attacks on its operations staff in Aba

OKEY Nwosu, the Chief Executive Officer, Enugu Electricity Distribution Company (EEDC), has expressed concern over the incessant attacks on the company’s operational staff members in Aba. Nwosu made his feelings known during the company’s customers’ forum organised for residents of the commercial city on Friday. He said that it was wrong...... more

We’ll defend trust reposed on us – Osinbajo

Vice President Yemi Osinbajo on Wednesday night assured that he and President Muhammadu Buhari, will defend the trust Nigerians reposed on them. He gave the assurance during the Presidential Inauguration State Banquet in his honour and Vice President Yemi Osinbajo at the old Banquet Hall of the Presidential Villa, Abuja. The...... more

Sack TCN boss, Mohammed now, Labour tells Buhari

Trade Union Congress of Nigeria, TUC, Enugu State chapter, Monday protested over anti-labour activities and alleged misappropriation of funds by the management of Transmission Company of Nigeria, TCN. The workers who marched from New Haven junction to TCN office chanting solidarity songs, requested for the immediate removal of the Managing Director...... more

Ninth Assembly will be rigorous on state of the nation, electoral reforms --Nnamani

Former governor of Enugu State, Dr. Chimaroke Nnamani is the senator-elect for Enugu East senatorial zone. He spoke on how the country’s electoral reforms will be carried out to enhance the integrity of the electoral process and the nation’s overall wellbeing in this interview with The Guardian. Why are you going...... more

Ugwuanyi hails Airtel for Modernizing Network Infrastructure in Enugu

...As telco formally unveils 4G in Coal City The Executive Governor of Enugu State, Ifeanyi Ugwuanyi, has commended leading telecommunications services provider, Airtel Nigeria, for upgrading and modernizing its network infrastructure in Enugu as well as rolling out its 4G services. Ugwuanyi spoke while a team of Airtel employees led by...... more

Airtel launches 4G network in Enugu

Airtel Nigeria has launched its 4G LTE (long term evolution device) in major cities and towns in Enugu state as part of its efforts to improve users mobile internet experience. The Managing Director, Airtel Nigeria, Segun Ogunsanya, said during the launch in Enugu Tuesday the switch over to an upgraded...... more

Oritsejafor hosts 4th CEO's mentorship in Warri

WIFE of immediate past President of the Christian Association of Nigeria (CAN) and Convener/founder of the CEOs Company Mentorship Class, Pastor (Mrs.) Helen Oritsejafor, is set to host the fourth edition of CEO’s mentorship class which is expected to expose directors, managers of corporations as well as small-medium and large-scale business owners into...... more

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