BUSINESS

Cross River NDC Governorship Candidate John Upan Odey Condoles Obudu Traders Over Market Fire Disaster

The Credibility News27 June 2026

CALABAR, NIGERIA — The Nigeria Democratic Congress (NDC) governorship candidate for Cross River State, John Upan Odey, has expressed deep sympathy to traders affected by the devastating fire that destroyed sections of the Obudu Central Market in the early hours of Thursday. In a statement issued on Friday, Odey described the incident as heartbreaking, saying...

Peter Obi Raises Concerns Over Rising Debt and Transparency in Government Borrowing

Kingsley Oyong Akam11 June 2026

ABUJA, Nigeria – Former presidential candidate and Labour Party leader, Peter Obi, has criticised the Federal Government’s borrowing practices, describing the country’s growing debt profile as evidence of what he termed imprudent fiscal management and a lack of accountability. In a statement released on Wednesday, Obi expressed concern over the rapid increase in Nigeria’s public...

40,000 Bottles of Stalin’s Wine to Be Auctioned for Education Project

Kingsley Oyong Akam31 May 2026

TBILISI, GEORGIA – A rare 40,000-bottle wine collection once owned by Soviet leader Josef Stalin was unveiled in Georgia’s capital this week, offering collectors and wine experts a glimpse into one of the world’s most unusual historical cellars. The collection, housed in Tbilisi, contains French and Georgian wines, including rare bottles dating back to the...

Spirit Airlines Ceases Operations After Fuel Cost Surge

Kingsley Oyong Akam3 May 2026

Bankrupt discount carrier Spirit Airlines ceased operations on Saturday, becoming the airline industry’s first casualty of the Iran war after failing to secure creditor support for a US government bailout plan. The collapse of the carrier, which once accounted for 5 percent of US flights and helped keep fares competitive, is a blow to President...

Pastor Jerry Eze Disburses Over ₦1 Billion Grant to 240 Nigerian Entrepreneurs, Raises Transparency Questions

Rita Eze1 May 2026

Nigerian cleric Jerry Eze has disbursed over ₦1 billion in grants to 240 entrepreneurs across the country through the Jerry Eze Foundation, in what is being described as one of the largest faith-based business support initiatives in recent years. According to organisers, each beneficiary received approximately ₦4 million to either expand an existing business or...

Nigeria Moves to Support Domestic Airlines as Surging Fuel Costs Threaten Shutdown

Kingsley Oyong Akam24 April 2026

Nigeria is taking steps to support its struggling domestic airlines after operators warned they might ground flights due to surging fuel costs. Aviation Minister Festus Keyamo said President Bola Tinubu has agreed in principle to write off part of the debts airlines owe to aviation agencies. The decision follows urgent discussions with carriers facing severe...

Economic Hardship Redefines the Road: No Car Too Big for Taxi

Sam Agogo24 April 2026

Nigeria’s economic reality has become brutal, stripping away pride and erasing social boundaries. Across Abuja, Lagos, Port Harcourt, and other cities, the sight of a luxury SUV or executive sedan slowing down at a bus stop is no longer a display of prestige. It is desperation in motion. Drivers wave at commuters, pointing toward their...

World’s Largest Condom Maker to Raise Prices as Iran War Disrupts Supply Chains

Kingsley Oyong Akam23 April 2026

Malaysia-based Karex Bhd, the world’s largest producer of condoms, has announced plans to raise prices by 20 to 30 percent as supply chain disruptions linked to the Iran war drive up production costs. Chief executive Goh Miah Kiat said the company may increase prices further if disruptions persist, citing a sharp rise in the cost...

Debt Trap: How Loan Apps and Banks Push Borrowers to the Edge

Sam Agogo19 April 2026

In Nigeria, borrowing has become both a lifeline and a curse. Loan apps and banks present themselves as partners in progress, offering quick cash and polite assurances. Bankers often approach clients with courtesy — sometimes even pleading with them to accept loans. Loan apps advertise convenience, promising instant approval with just a few clicks. For...

Bakassi Deep Seaport Expected to Generate ₦40 Billion Monthly – Cross River IRS Chairman

Mike Patrick Abang17 April 2026

CALABAR, NIGERIA— The Chairman of the Cross River State Internal Revenue Service (IRS), Dr Edwin Okon, has projected that the Bakassi Deep Seaport, once operational, will generate up to ₦40 billion per month in its early years through both direct and indirect economic activities. Dr Okon made the announcement during a high-level sensitisation forum organised...

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Latest News

Cross River NDC Governorship Candidate John Upan Odey Condoles Obudu Traders Over Market Fire Disaster

Peter Obi Raises Concerns Over Rising Debt and Transparency in Government Borrowing

40,000 Bottles of Stalin’s Wine to Be Auctioned for Education Project

Spirit Airlines Ceases Operations After Fuel Cost Surge

Pastor Jerry Eze Disburses Over ₦1 Billion Grant to 240 Nigerian Entrepreneurs, Raises Transparency Questions

Nigeria Moves to Support Domestic Airlines as Surging Fuel Costs Threaten Shutdown

Economic Hardship Redefines the Road: No Car Too Big for Taxi

World’s Largest Condom Maker to Raise Prices as Iran War Disrupts Supply Chains

Debt Trap: How Loan Apps and Banks Push Borrowers to the Edge

Bakassi Deep Seaport Expected to Generate ₦40 Billion Monthly – Cross River IRS Chairman

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