By CrossRiverWatch admin Cross River State governor, Senator Ben Ayade, has said that the proposed state owned seaport in Calabar, when completed, will generate in excess of three hundred billion Naira for the State annually. The Governor who promised to appoint a transaction adviser for the project after his return from his oversea trip added
By Our Correspondent Cross River State Governor, Senator Ben Ayade has already hit the ground running barely few days after assuming office, as he has unveiled plans to establish a garment industry, cocoa processing plant, rice mill and a modular refinery in the state. Other investments also to be established by the administration, according to
By Jonathan Ugbal and Christiana Alawa For over three consecutive months, long queues have continuously greeted the Automated Teller Machines ATM’s of different banks in Obudu local government area always creating ugly scenarios amongst other things. There are three new generation banks in the local government with each having just one branch. One of the
John Ushie Chairman of Ogoja Local Government, Cross River, Mrs. Rita Ayim, says the local government has begun N32 million rehabilitation project of the Ogoja Urban Market. Ayim, in an interview with the News Agency of Nigeria (NAN), said the rehabilitation would include 92 stalls in the market to boost economic activities in the area
by crossriverwatch admin The fourteen hectares Agriculture Business Farm and Park Plantation established by a representative of Calabar/Odukpani Federal Constituency in the National Assembly, Hon. Nkoyo Toyo is targeting the provision of no fewer than 2,000 jobs at the medium term. Investigation by CrossRiverWatch show that work is in progress at the farm site with
by crossriverwatch admin The Cross River State House of Assembly has adopted a seven points resolution authorizing the state government to refinance part of its commercial bank loan through the capital market by the issuance of bonds not exceeding 40 billion naira. The House also approved the engagement of First Bank of Nigeria Capital Limited
by crossriverwatch admin Barely days after firemen attached to the Cross River State Fire Service had a hard time putting out a fire that nearly consumed one of the cinema theatres in Calabar’s Marina Resort, reports reaching CrossRiverWatch say it took the intervention of staff of the Resort and public spirited individuals to avert what
by crossriverwatch admin Cross River State, Nigeria’s second-largest cocoa grower, has concluded plans to sell five government-owned farms in a bid to boost production of the commodity with private investment. In a telephone interview with Bloomberg, the Executive Secretary of Cross River State Council on Privatization, Dave Amiye, said bidding for the cocoa farms which