The Cross River State House of Assembly has adopted a motion calling on the State Government to establish timber markets in the three senatorial districts of the State. The House said that the establishment of the timber markets would enhance the State’s revenue as well as create employment opportunities for citizens. The House had deliberated…
Lagos, Nigeria – Tuesday, October 22, 2024: The Federal Competition and Consumer Protection Commission (FCCPC) is taking action to address concerns surrounding the impending phase-out of Unistar prepaid meters by Ikeja Electric Plc and other electricity distribution companies (DisCos). The announcement follows a wave of consumer complaints about the transition process. Ikeja Electric recently declared…
Renowned economist and technology entrepreneur, Prof. Ndubuisi Ekekwe, has raised concerns about Nigeria’s worsening economic situation, citing significant declines in the country’s Gross Domestic Product (GDP) and unsustainable borrowing practices. Speaking on the current state of Nigeria’s economy, Ekekwe highlighted alarming statistics that reveal a substantial contraction in GDP over the past eight years, and…
In the first half of 2024, Nigerians living abroad sent over $1.5 billion to their relatives and businesses back home, providing a significant boost to the country’s foreign exchange reserves. A record $553 million was remitted in July alone, according to an analysis conducted by The Whistler, marking a promising recovery in diaspora remittances, which…
Tanzania has successfully completed the construction of a 3.2-kilometre bridge over Lake Victoria, an ambitious infrastructure project costing $300 million. The newly completed bridge, which spans the Mwanza Gulf, is set to significantly enhance trade connectivity between Tanzania and its East African neighbours, including Uganda, Rwanda, and Burundi. Located near the city of Mwanza, the…
