Business & Economy
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Transcorp Metro Fire Update: Inferno Contained But Hotel Looses 300million

by crossriverwatch admin An official of Transcorp Metropolitan Hotel in Calabar has disclosed to CrossRiverWatch that this evening’s fire outbreak may have cost the prestigious hotel over 300 million Naira in damages. The official said the four power generating plants worth over 300 million naira in the power house of the Hotel were completely razed

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Cross River Govt, AMCON Disagree Over N26 Billion Tinapa Investment

by crossriverwatch admin Ongoing negotiations between the Cross River State government and the Asset Management Company of Nigeria (AMCON) over its investment in the Tinapa Business and Leisure Resort may hit a brick wall following disagreement between the two. The negotiations according to reliable sources have broken down owing to the refusal of the Cross

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Cross River Generates N1Billion Monthly IGR – Imoke

by crossriverwatch admin The ceding of 76 oil wells from Cross River state to Akwa Ibom has made the state to harness its opportunities in tax management and this has consequently hiked the State Internally Generated Revenue(IGR) from 200Million Naira to over One Billion Naira Monthly CrossRiverWatch can authoritatively report. The State Governor Senator Liyel

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Create An Economic Zone In Calabar, Imoke Appeals to FG

by crossriverwatch admin Cross River State governor, Senator Liyel Imoke has asked the federal government to create an economic zone in Calabar to enable the two exporting processing zones in the State become functional. The governor made this appeal when he led a team of professionals, academics, business men and women as well as traditional

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Companies Give Notice of Vacating From Tinapa

by crossriverwatch admin The Cross River State Government is taking serious measures to stop the plan by some companies operating in the Tinapa Business and Leisure Resort to relocate owing to adverse business environment. Mr. Rekpene Bassey, the Cross River State Security Adviser stated this in Calabar at the weekend when he played host to

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Taxation: Cross River Seeks Traditional Rulers’ Help

by crossriverwatch admin In a move to boost its internally generated revenue, the Cross River State Government has approached traditional rulers to assist it in ensuring that the citizens pay their taxes. The acting Chairman, Cross River Internal Revenue Service, Dr. Peter Oti, who made the plea on Wednesday during a visit to the Paramount

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JTF in Calabar Denies Plan To Sell Seized Trucks

by crossriverwatch admin The Military Joint Task Force, Operation PULO Shield in Calabar has denied a purported plan to sell seized petroleum products and trucks stating that the paid advert in the Nation of January 28, 2014, was aimed at duping unsuspecting members of the public. The Commander, Maj.-Gen Iliyasu Abbah, in a statement on

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SmartGov To Boost Cross River Revenue

by crossriverwatch admin The Governor of Cross River State, Liyel Imoke, has said his administration will continue to expand ways the Smartgovplatform can be used to raise new revenues for the state government. The Smartgov, which is an identity management and e-payment infrastructure for state governments first deployed in Cross River State in 2011. The

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