Business & Economy
Breaking News Business & Economy CrossRiverWatch TV Investigation Podcast

Investigation Into Cross River State Debt Misery: How N1.4bn Illegal Foreign Loan Cannot Be Accounted For 

By Ekemini Simon, TheMail Listen To The Report In 2019, despite being the only State out of the 36 States of the Federation including the Federal Capital Territory, that exceeded borrowing ceiling due to high debt burden,  Cross River State Government went on to acquire loans including an unapproved foreign loan of N1.4 billion. Yet,

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Breaking News Business & Economy CrossRiverWatch TV Podcast

FIRS To Enforce Recovery Of Unremitted Tax From States, LGs Through FAAC Deductions

By Harrison Edeh, The ICIR Listen To The Report The Federal Inland Revenue Service (FIRS) said it would commence the process of enforcement and recovery of unremitted tax deductions owed by some States and Local Governments in Nigeria through their respective federation accounts. In a public notice the service issued today, its Executive Chairman, Muhammad

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Breaking News Business & Economy National News Podcast

TCN’s 15 New Procured Transformers Set To Improve Transmission Capacity With 1,487mw

By The ICIR The Transmission Company of Nigeria (TCN) has imported 15 power transformers to sustain its transmission expansion plan (TEP).  As the TEP seeks to increase the current bulk power transmission capacity of over 7,000 megawatts, the procured transformers are expected to raise the national transmission wheeling capacity by 1,487mw. According to the TCN,

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Bakassi Fish Festival To Hold Next Month, Promises To Expand Fishing

By Ogar Monday and Sylvia Akpan  Listen To The Report A festival to celebrate the cultural and economic heritage of the Bakassi local government aimed at showcasing the fishing potential of the people is set to hold on Tuesday, the 28th, and Wednesday, 29th June 2022.  According to the initiator Ms. Frank Edima, the event

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BLACKOUT: Power Returns In Calabar After 38 Days

By Ike Uchechukwu, Vanguard Newspaper Listen To The Report There was wild jubilation on Monday in Calabar, as power returned after 38 days of total darkness. Recall that Calabar and its environs had been without power since April 8 but before then major parts of the metropolis had been in darkness for 54 days. The

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Breaking News Business & Economy Podcast

#CalabarBlackout: Work On Vandalized Tower Is 70% Completed Says TCN

By CrossRiverWatch Admin Listen To The Report The Transmission Company of Nigeria, TCN says the reconstruction of the vandalized transmission tower number 104 on the Odukpani-Ikot Ekpene 330kV double-circuit transmission line in Oku Iboku, after the Itu Bridge, has reached 70 percent completion. The tower was vandalized on April 8, 2022 leaving Calabar, the Cross

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Breaking News Business & Economy Podcast

Lackadaisical Attitude Would Not Be Condoned Anymore, Cross River Internal Revenue Service Chairman Warns Staff

By Archibong Jeremiah Listen To The Report The Cross River Internal Revenue Service, CRIRS, has reviewed its performance for the first quarter of 2022. The quarterly performance review was held on the 9th of May, 2022. In the meeting where January, February, and March were assessed, the Executive Chairman of the agency, Mr. Akpanke Ogar

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Breaking News Business & Economy Podcast

Calabar Residents Count Losses After 49 Days Power Outage

By News Agency of Nigeria Listen To The Report Residents of Calabar, the Cross Rivers State capital have started to count their losses following 49 days of power outage in the capital city. Some of the residents, who spoke in separate interviews with the News Agency of Nigeria on Tuesday, lamented how the development had

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