Business & Economy
Breaking News Business & Economy Reports

Government Reiterates Ban On Motorcycles, Tricycles Within Major Areas In Calabar

By CrossRiverWatch Admin Cross River State Government has reiterated the ban on commercial motorcycles and tricycles within the Calabar metropolis. The ban was reemphasized in a public service announcement by the State Security Adviser, Major General O. U Obono (Rtd), stating that the gesture is an effort to sustain the peace currently enjoyed in the

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Breaking News Business & Economy

Government Seeks Increased Investments, Promises Business-Friendly Environment In Cross River

By CrossRiverWatch Admin The Cross River State Government is urging more investments and the establishment of new businesses, assuring a welcoming environment with minimal taxes and levies for students, entrepreneurs, and young business owners. At the recent Canaan Business School Jet Cohort graduation ceremony in Calabar on June 2, 2024, Comrade Enyam Joseph-Kelvin, the Special

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Breaking News Business & Economy

Governor Otu Flags Off Land Clearing, To Invest N6 Billion Into Food Security 

By Sylvia Akpan, Government House Correspondent Governor Bassey Otu of Cross River State has launched a significant land clearing project aimed at developing 12,000 hectares for arable crop cultivation. This initiative is part of a broader effort to enhance food security and economic development in the state. The project, a collaboration with the Nigerian Agricultural

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Breaking News Business & Economy

Cross River Government Secures $3.5bn Afreximbank Funding For Bakassi Deep Seaport

By CrossRiverWatch Admin The Cross River State government has secured $3.5 billion in funding from the Pan-African multilateral financial institution, African Export-import Bank (Afreximbank), for some of its key infrastructure projects in the State. Governor Bassey Otu, who was in Egypt last week for a workshop, also visited the African Export-Import Bank (Afreximbank) in Cairo

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Breaking News Business & Economy Reports

Business Operators Charged To Be More Security Conscious, As Police Seeks Collaboration

By Patrick Obia The Cross River State Command of the Nigerian Police Force has emphasized the importance of security consciousness among private business operators and hoteliers in the State. The Police gave the charge in a press release issued on Friday, May 10, 2024, by the Command’s Police Public Relations Officer (PPRO), SP Irene Ugbo,

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Breaking News Business & Economy Civic Space Investigation

Expository: Inside The Cross River State Wage Bill Inflation, Employment Racketeering By Civil Service Commission 

By Patrick Obia Cross Rivers State is struggling with increasing debt and wage bill, but investigations by CrossRiverWatch gathered that, former head of service, Timothy Ogban, now suspended Civil Service Commission’s Chairman, Mr. Uko Inaku, former Accountant-General of the State, Joseph Adie engaged in an unauthorized employment of 500 people and promotion of some civil

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Breaking News Business & Economy

Cross River Government To Create Enabling Environment, Power, Soft Loans For Business Operators

By Godwin Otang The Government of Cross River State, says modalities are in place to create an enabling environment, power, and soft loans to businesses in the State. The Ministry of Commerce disclosed it has met with the Calabar and Ikom Chambers of Commerce and over 30 traders associations in an attempt to resolve taxation

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Breaking News Business & Economy Politics

BREAKING: Governor Otu Announces N40 Thousand New Minimum Wage, Laments Low Workers Productivity, Others

By Patrick Obia The Governor of Cross River State, Senator Bassey Otu, has announced a new minimum wage of forty thousand (N40,000), only for workers in the State, lamenting the low productivity of workers. He made the pronouncement while addressing Cross River workers at the U.J Esuene sports stadium in Calabar, the State capital where

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