News – Page 50 – Democracy Radio

Business: 140 manufacturers to get BOI’s loan at single digit

By Oluwakemi Kindness The Bank of Industry, BOI says about one hundred and forty large manufacturing companies will receive loans of up to one billion naira at single digit interest rates. BOI’s Managing Director, Dr. Olasupo Olusi, stated this in Abuja on Wednesday during its inaugural public lecture series saying this is under the seventy five billion naira Manufacturing Sector Fund. Dr. Olusi said the funds under this program have been fully allocated to successful applicants across the six geopolitical […]

October 3, 2024 21 5

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Economy

FG Introduces New Fiscal Incentives To Boost Oil & Gas Sector

By Oluwakemi Kindness In its avowed determination towards ensuring a boost in the nation’s upstream and downstream sector, the Federal Government has introduced groundbreaking concessions aimed at revitalizing the industry. This is just as the Minister of Finance and Coordinating Minister of the Economy, Wale Edun on Wednesday unveiled two major fiscal incentives aimed at revitalizing Nigeria's oil and gas sector: They include Value Added Tax (VAT) Modification Order 2024 and Notice of Tax Incentives for Deep Offshore Oil & […]

October 3, 2024 19 3

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National Assembly

Deputy Speaker Calls For Probe Over Beheading of Abia Couple

By Oluwakemi Kindness Deputy Speaker of the House of Representatives, Benjamin Kalu has condemned in strongest terms the horrific and senseless killing of Jacob Udo and his wife, Comfort Udo, a couple who until their demise resided in Isiala Autonomous Community in the metropolis of Bende Local Government of Abia State. The late Udo and his wife, who originally hailed from Itumbuzor in the same Bende local government area were reportedly beheaded and their bodies dismembered by yet-to-be identified assailants […]

October 3, 2024 22 5

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Security

Security: Minister Signs Performance Bond With Directors

By Oluwakemi Kindness The Minister of Police Affairs, Senator Ibrahim Gaidam and Directors in the Ministry have signed a performance bond for the smooth implementation of assigned tasks in line with Priority 2 of the Renewed Hope Agenda. The official signing ceremony for the performance bond was performed with the Permanent Secretary, James Sule who represented the Minister at the Headquarters of the Ministry in Abuja. The Minister said it is an important occasion to sign the Performance Contract Agreement […]

October 1, 2024 18 2

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Business

World FZO Elects NEPZA’s MD into Board of Directors

By Oluwakemi Kindness The Managing Director, Nigeria Export Processing Zones Authority, NEPZA, Dr. Olufemi Ogunyemi, has won election into the Board of the World Free Zone Organisation (WFZO) in Dubai. African participants, and their counterparts from Europe and Latin America at this year’s World Free Zone Congress rendered their block votes that led to his election. The Management of the Nigeria Export Processing Zone Authority said it views this concerted goodwill as a statement of confidence on the country’s foremost […]

October 1, 2024 21 2

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General

FG Honours Deputy Speaker, Kalu With National Honours Award

By Oluwakemi kindness The Deputy Speaker of the House of Representatives, Benjamin Okezie Kalu has been awarded Commander of the Order of the Niger (CON) by the Federal government. President Bola Ahmed Tinubu made the disclosure in his national broadcast to mark Nigeria's 64th Independence Day in Abuja on Tuesday. Kalu was honoured alongside the Senate President, Senator Godswill Akpabio and the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun who President Tinubu said were conferred with the honour of […]

October 1, 2024 29 2

Economics

High Fuel Cost: Enugu State Government Introduces CNG Buses

By Chinedu Echianu The Enugu State Government has taken steps to introduce Compressed Natural Gas (CNG) buses as part of the efforts to preserve the environment and also make transportation affordable for citizens. The state government has equally created the Ministry of Energy and Mineral Resources to oversight and catalyse investment in the energy and mineral sector. These were made known by the Secretary to the State Government, Prof. Chidiebere Onyia, and the Commissioner for Transportation, Dr. Obi Ozor, after […]

September 28, 2024 15

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General

Akwa Ibom State Governor, Pastor Umo Eno Loses Wife

By Chinedu Echianu Akwa Ibom State Governor, Pastor Umo Eno has lost his wife, Mrs. Patience Umo Eno to the cold hands of death. The tragic news was announced by the state's Commissioner for Information, Ini Ememobong in a press release issued in the early hours of Friday. According to the commissioner, the First Lady died at a hospital on September 26, 2024, surrounded by family members The statement titled “Unexpected Sunset” read, “It is with heavy hearts that […]

September 27, 2024 28 2

National Assembly

House of Reps To Hold High-Level Legislative Security Summit

By Oluwakemi Kindness The 10th House of Representatives is proposing a high-level Legislative Security Summit for the final quarter of the year 2024. The Speaker of the House, Abbas Tajudeen, announced this during his welcome remarks on Wednesday at plenary in the Green Chamber. He emphasised that the summit will focus on legislative reforms aimed at strengthening the capabilities of security institutions, enhancing inter-agency collaboration, and optimising intelligence use to combat insurgency, banditry, and other security threats. In addition, he […]

September 26, 2024 19