Category: Economy
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TMSG Lauds Nigeria’s New Status as Africa’s Top Oil and Gas Investment Hub
By Dianabasi Effiong President Bola Ahmed Tinubu’s investor-friendly fiscal policies have been pinpointed as the reason for Nigeria’s new leading status as Africa’s top oil & gas investment hub, a renowned media group has observed. The Tinubu Media Support Group (TMSG) which based its observation on the affirmation of Nigeria as Africa’s No. 1…
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Prospects of Aircraft Manufacturing Plant in Nigeria Signify a Boom In National Economy – TDF
President Bola Tinubu By Dianabasi Effiong The plans for an aircraft manufacturing centre in Nigeria is a reflection of the conducive environment for business under the President Bola Tinubu administration. In a statement on Tuesday signed by its Chairman, Mallam Danjuma Muhammad and Secretary, Chief Wale Adedayo, The Democratic Front (TDF) said the move is…
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Nigeria’s GDP Rebasing Meets Global Practices – TMSG
By Dianabasi Effiong, Uyo The Tinubu Media Support Group (TMSG) has said that there is nothing wrong with Nigeria infusing figures from the underground economy into its Gross Domestic Product (GDP) calculation for the ongoing rebasing exercise. In a statement signed by its Chairman Emeka Nwankpa and Secretary Dapo Okubanjo, TMSG argued that the…
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Cross River Saves $77 billion from Navy’s Hydrographic Survey Option
Gov. Bassey Otu. By Anietie Akpan, Calabar The Nigerian Navy Hydrographic Department option for the Bakassi Deep Seaport Hydrographic survey served the state government over $77 billion . Recently the state government had engaged the Nigerian Navy Hydrographic Survey team to do an in-depth hydrographic survey of the Bakassi Deep Seaport and about $3 billion…
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C’River Govt Restates Regulations on Refuse Disposal, Ban on Scavenging
By Magnus Effiong The Government of Cross River State has restated its position on regulations guiding refuse disposal in the state, especially within the Calabar metropolis. A release made available by the Special Adviser to the Governor on Special Duties, Ekpenyong Akiba, noted that 6pm to 10pm everyday remains the period for refuse disposal, adding…
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Why Gov Otu is Reshuffling Cabinet
By Ekanem Wylie Reasons have emerged on why Gov Bassey Otu is reportedly contemplating to reshuffle his cabinet. The reported reshuffling, it was learnt, is causing panic among various cadres of appointees- commissioners, special advisers, special assistants, amongst others, especially those with questionable performance index. PillarToday reliably gathered that the impending cabinet reshuffle is sequel…
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Bekwarra Communities Get Electricity after 15 years
By Edem Darlington For the first time in 15 years, the people of Ogboro and Ijibor communities in Bekwarra Local Government Area in Cross River State can finally switch on their lights, charge their phones, and enjoy the transformative power of electricity. This monumental milestone comes thanks to the commitment of Governor Bassey Otu, who…
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Fubara Plans Higher Institution, Land Reclamation for Opobo
By Dianabasi Effiong Gov. Siminalayi Fubara of Rivers State says his administration is set to attract an institution of higher learning to Opobo Town to drive sustainable academic and economic growth in the area. The Governor also promised to ensure the reclamation of land to create more space that would accommodate critical infrastructure, promote and…
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C/River Govt Gives Reasons for N50m Grants to Hoteliers
By Magnus Effiong The government of Cross River State has explained why it has so far given out about N50 millions as grants to hoteliers and restaurant operators in the State. PillarToday reports that in a Tourism Award event held at the Monty Suit, Calabar, Thursday, 20 hoteliers were given N1million each while each of…
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Calabar South LG Council to Float Security Outfit
By Our Reporter Calabar South local government council has mapped out measures to float a cluster of neighborhood organisations to curb insecurity. The Council Chairman, Pastor Patrick Archibong, who dropped the hint while addressing a town hall meeting organized by leaders of Ward 10, directed ward leaders to mobilise youths in their respective wards to…
