Business & Economy
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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Breaking News Business & Economy Investigation

SPECIAL REPORT: Flames, Heartache And Neglect: Cross River Residents, Businesses Count Loses To Fire Outbreaks

By Godwin Otang On August 12, 2020, a fire incident destroyed over 200 businesses at Ika-Ika Oqua (Marian) Market, Calabar. Cross River’s State Emergency Management Agency, SEMA also confirms that following fire incidents on April 8 and March 27, 2024; a total of 649 shops and 32 motorcycles were burnt while a life was lost

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Breaking News Business & Economy

Nine Inaugurated To Drive Cross River Economic Management Team

By Sylvia Akpan, Government House Correspondent  Cross River State Governor, Sen. Bassey Otu, has inaugurated a nine-member Economic Management Team (EMT) to drive initiatives that should bring good economic fortunes for the State and its residents. According to Governor Otu’s Chief Press Secretary, Nsa Gill, he charged the State Economic team led by the Adviser,

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Breaking News Business & Economy

EFCC To Go After Hotels, Schools, Others Demanding Payment In Dollars From Customers

By CrossRiverWatch Admin The Economic and Financial Crimes Commission (EFCC) has said it will go after hotels, schools, and other establishments that dare to demand payment in dollars from their local customers. The EFCC gave the warning to schools, supermarkets, hotels, and others to stop charging in dollars or foreign currencies within the country. The

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