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Enugu State Government and the South East Development Commission (SEDC) on Thursday signed a Memorandum of Understanding (MoU) on the South-East Agro Development Programme, a partnership aimed at boosting commercial agriculture, attracting private investment, creating jobs for youths and positioning the state as an agro-industrial hub. Speaking at the event held in Government House, Enugu…
Dangote Petroleum Refinery has reduced the gantry price of Premium Motor Spirit (petrol) by N75 per litre This was contained in a circular to fuel marketers on Monday. The refinery said the adjustment followed the de-escalation of the tension in the Middle East, which had impacted energy prices in the past three months. “Following the…
International Monetary Fund (IMF) has disclosed that poverty in Nigeria has risen to 63 per cent, with millions of citizens struggling to cope with the economic impact of President Bola Tinubu’s reformed .The IMF in a statement made available on the annual review of the Nigerian economy, acknowledged that the government’s economic reforms over the…
In it’s determination to boost the economy of the state and provide renewable energy in rural communities, Enugu State Government has signed grant agreements with four renewable energy developers for the electrification of four rural communities across the state’s three senatorial districts. The Agreement was signed under the Renewable Energy Development for State Electricity Market…
Federal Competition and Consumer Protection Commission (FCCPC) has denied reports claiming that President Bola Ahmed Tinubu approved the entry of nine new operators into Nigeria’s airtime credit market. The Commission in a statement made available by the Director of Corporate Affairs, Ondaje Ijagwu, said the commission neither submitted any list of fintech companies to the…
Presidential Enabling Business Environment Council (PEBEC) will on Wednesday, June 3, hold a town hall and stakeholders’ engagement in Enugu as part of its nationwide tour aimed at improving Nigeria’s business climate and strengthening collaboration between the public and private sectors.The event, scheduled for 12 noon at Hotel Presidential, Enugu, will bring together government officials,…
Dangote Petroleum Refinery has reduced its ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N1,275 to N1,250 per litre, citing declining global crude oil prices and market realities in Nigeria’s deregulated downstream petroleum sector.SThe N25 per litre reduction, representing a two per cent decrease, comes amid growing competition among fuel suppliers…
Federal Government of Nigeria , Tuesday, reaffirmed its commitment to building an innovation-driven economy, announcing massive infrastructure investments and financing support for entrepreneurs across the Southeast geopolitical zone as the South East Development Commission (SEDC) formally launched its Venture Capital Programme in Enugu. President Bola Tinubu disclosed that in his speech during the launch held…
As part of its long-term strategy to deepening local value addition across Africa’s agricultural value chains, one of Nigeria’s largest cocoa exporters, Sunbeth Global Concepts Ltd, has announced plans to establish a 70,000-metric tonne capacity cocoa processing factory alongside an 80,000-metric tonne cashew processing plant, both currently under construction, . The Managing Director, Olasunkanmi Owoyemi,…
Governor of Enugu state ,Dr Peter Mbah has announced an economic blueprint to position Enugu as Nigeria’s premier business destination, disclosing plans to establish a 660-megawatt coal-fired power plant with groundbreaking in July,2026. The Governor also announced plans to set up a N100 billion venture capital fund to support startups, alongside an incubation hub and…