Business & Economy
Breaking News Business & Economy

Cross River Assembly Resolves To Lifting Ban On Logging, Direct Clerk To Write Governor Otu

By Mary Bassey, House of Assembly Correspondent The Cross River House of Assembly has resolved to lift the ban on logging in the State, directing the Clerk to write to the Governor. During the plenary Tuesday 4 July 2023, the member representing Boki 1 Constituency, Hon.Obi Philip Bette raised a motion to that effect, positing

Read More
Breaking News Business & Economy

Fuel Subsidy: Calabar-Based Engineer Proffer Alternative With Hybrid Carburetor Technology

By Godwin Otang As part of efforts to cushion the hash effect of high Premium Motor Spirit (PMS) better known as fuel, occasioned by the removal of subsidy by the Federal Government, a Calabar-based Civil Engineer, David Agianpuye, has taken advantage of the Hybrid Carburetor Technology to help create an alternative to petrol generators. The

Read More
Breaking News Business & Economy National News

Customers To Pay More As DisCos Effect New Electricity Tariff July

By Adetola Bademosi, Nigerian Tribune Newspaper Customers, from July 1, will start paying more as the electricity Distribution Companies (DisCos) have disclosed plans to implement a new tariff. This according to the DisCos is in view of the fluctuating exchange rates. The Abuja Electricity Distribution Company (AEDC) in a statement on Sunday said under the

Read More
Breaking News Business & Economy CrossRiverWatch TV National News

Vox Pop On Fuel Subsidy Removal

By Patrick Obia, Mary Bassey, Sylvia Akpan, Veronica Utsu, Wisdom Okon, and Winnard Able In a major policy announcement during President Bola Tinubu’s May 29th inauguration, the government said there will be a removal of fuel subsidy. The subsidy, which has been in place for decades, has been a major drain on the country’s finances.

Read More
Breaking News Business & Economy Reports

Cross River Civil Society Network Urges Gov. Bassey Otu To Unveil His Subsidy Amelioration Strategy

By Able Winnard  The Chairman of Cross River Civil Society Network, Leader Benedict Effiom Usang has urged State Governor, Sen. Bassey Otu to unveil his subsidy amelioration strategy. Leader Usang made the call recently in a Facebook post. President Bola Tinubu declared that there would no longer be a petroleum subsidy regime as the current

Read More
Breaking News Business & Economy National News

BREAKING: Organized Labor Call Off Nationwide Strike

By Jonathan Ugbal The strike action proposed by the Nigeria Labor Congress, NLC and Trade Union Congress, TUC over the removal of subsidy on Premium Motor Spirit, PMS, popularly known as fuel, has been called off following engagements of both labor centers and the Federal Government. Dozens of National Unions yesterday voted to join the

Read More
Breaking News Business & Economy Opinion

What Exactly Is Wrong With Our Own Subsidies? BY AGBA JALINGO

I’ve been racking my head for some time now to really decipher what exactly is wrong with the Nigerian subsidy on fuel that it should be removed. I have also seen people who together, we vehemently rejected and protested against the removal of fuel subsidies, now defending the same thing we resisted some years ago,

Read More
Breaking News Business & Economy Politics

Governor Otu Set Up Task Force To Monitor, Seal Stations Hoarding, Selling Above Price 

By Patrick Obia As the scarcity of Premium Motor Spirit (PMS) better known as fuel and the hike in transportation continues to range, the Governor of Cross River State, Senator Bassey Otu has constituted an 11-man Joint Task Force team to monitor and as well as seal petrol stations in the State selling above the

Read More