Business News

PortHarcourt, April 9, 2018 – Kitchen Xpress – An online store for all kinds of food items flag off in Lagos and Portharcourt. –www.kitchenxpress.ng The new website and online store will be online from Monday 9th of April with a new, contemporary look in order to better represent the new …

This is in a bid to tighten their grip on religious activities. The new directive by the Government also prohibits children from attending religious sermons and other related activities across China. This control on churches in the country started several years ago when places of worship were told to remove …

According to Saraki, the high interest rate is not good for the economy as the nation eases out of recession and targets growth. “ It is likely that we will debate it this week ,” Saraki said during an interactive session with journalists on Sunday in Ilorin. According to him, …

No fewer than 114 youths are to get about 600 Hectares for crop farming in Ekiti State under the Agriculture Service Provider Programme. The initiative is a collaboration between the State Government and the Agro Nigerian Ventures Limited in Ado Ekiti. Under the ASPP, at least five graduates from each …

Governor Ayo Fayose of Ekiti state has once again criticized the federal government’s decision to effect increment in Pay As You Earn (PAYE) tax, pension and National Housing Fund (NHF) deductions. The increment which was applied on gross salary, making some of the workers to have as much 30% reduction …

Ekiti State Government has ordered the indefinite closure of the popular Fayose market in Ado Ekiti.

Naira, has suffered further bashing, depreciating to N415/ USD1 yesterday in the parallel market, bringing total weekly loss to N20 per dollar.

The naira traded at an all-time low of 365.25 to the dollar on Thursday in a single interbank market trade of $1m.

Below is the recent exchange rates as published by CBN,it seems naira is now making sense

The Naira has hit its lowest level in the exchange market since the beginning of the new Foreign Exchange regime.

“If the CBN fails to intervene, the naira may fall further against the dollar at the interbank market.

investigations reveals that the parallel market exchange rate rose from N268 per dollar on Tuesday to N375 per dollar at the close of business yesterday.

A Russian Government delegation and the Lagos Chamber of Commerce and Industry (LCCI) are exploring areas of possible cooperation.

Still on maintaining your employment status, even as the month runs to an end can you have a chit chat with your superior/super asking him the following questions:

The Standards Organisation of Nigeria has carried out a raid in Ekiti State to detect those selling substandard iron rods to.....Click to read more

The Governor assured the financial Institution that every loan release to farmers in the State would be fully redeemed, calling on the committee members to discharge their duties conscientiously to enhance agricultural transformation in the State.....

The Commissioner for Commerce, Industries and Cooperatives, Mr. Michael Ayodele said the affected business outfits owed the state government money running to millions of naira. Ayodele, who spoke in Ado-Ekiti yesterday, said some of the affected firms

Ekiti State Governor, Mr Ayodele Fayose has said the state will further explore agricultural opportunities, which he discovered during his recent pilgrimage to Israel. In a statement by the Governor’s Chief Press Secretary, Mr Idowu Adelusi....

The World Bank Task Team Leader, Mr. Ikechu-kwu Nweje, yesterday, urged Ekiti State House of Assembly to ensure that an effective procurement system was put in place to ensure accountability. Nweje made the call during a visit to the state House of Assembly in Ado

As controversy continues to trail the new tax regime imposed on business outfits in the state, Igbo traders in Ado Ekiti, the Ekiti State capital yesterday staged peaceful protests against what they described as “outrageous taxes” imposed on them by the state government.

PHOTOS! Ekiti Govt Commences Clearing of Proposed Airport Site Today, Ekiti State Govt commenced clearing works at the proposed airport site in Aso Ayegunle Village of Ado Ekiti.

Cash-strapped workers who are being owed salaries are set to smile again, with the disbursement of the Central Bank of Nigeria (CBN) – backed bailout loans for states. Fourteen banks are disbursing N338 billion “to stimulate the....

He added that each artisan would be entitled to a maximum of N50, 000 and that they would be given two weeks grace before they begin weekly repayment of N1, 000. The President of Ekiti Artisans Association, Mr J.O. Adu, praised .......

All Progressives Congress (APC) in Ado-Ekiti Local Government Area has appealed to Governor Ayo Fayose to adequately compensate traders to be displaced by the planned reconstruction of the largest market in the city, the Erekesan.......

Private Sectors to take over 7 Agricultural Facilities in Ekiti As part of efforts by the Fayose led administration to revamp the Agricultural Sector in Ekiti State, the State Ministry of Agriculture and Rural Development has commenced the process of leasing seven government facilities to private sector players. The Commissioner …

Pharmacist council seals 236 stores in Ekiti Pharmacy Council of Nigeria, PCN, has sealed 236 pharmacies and medicine stores in Ekiti State for offences including unauthorised sale of medicines, operating without the supervision of a pharmacist and poor storage and documentation facilities. The PCN Deputy Director and Head of Enforcement, …

Ekiti Government plans to boost Rice Production in the state. In his bid to increase rice production in Ekiti state, the Hon Commissioner for Agriculture and Rural Development Honorable Kehinde Odebunmi has met with Rice Growers and Rice Processors, to discuss ways of helping the Farmers to increase rice production, …

Reason Petrol Can not be sell at N87 per Litre in Ekiti and Ondo Petrol Dealers and Owners Association in Ondo and Ekiti states have said its members cannot sell fuel at government- approved price of N87 per litre. The association said this yesterday during a press conference in Akure, …

EXPOSED!!! Fayose Arrested Me -Iyaloja (Market Leader) The Iyaloja of Ado Ekiti, Chief Waye Oso was yesterday detained at the police headquarters in controversial circumstances. The market leader who spoke on telephone from police detention at about 8.30pm claimed that she was detained on the orders of Governor Ayo Fayose. …

809 Ghost Workers in Ekiti -Fayose Ekiti State Governor Ayo Fayose has revealed that a total number of 809 ghost workers have been uncovered in the verification exercise recently conducted by his administration. Giving an update on the recent staff verification exercise, the governor disclosed that a total of 49,066 …

Fayose Praises Buhari’s Speech Fayose hails Buhari’s inaugural speech, says; “it brightens hope for,democracy in Nigeria” Ekiti State Governor, Mr Ayodele Fayose has hailed the inaugural speech of President Mohammadu Buhari, describing it as a sign that the president was ready to serve all Nigerians, not minding their political affiliation. …

The Ekiti State Governor Dr. Ayodele Fayose was seen at the scene of incident of the clash between Drivers and Hausa today friday. The governor is reported to be addressing and calming the Ado youths against further violence. Below are some of the pictures. DOWNLOAD VIDEO OF TOP 10 NEWS …

Curfew Starts in Ado Ekiti Today (READ DETAILS Following tension that was still mounting as the feud between Hausa traders and drivers entered the third day, Governor Ayodele Fayose on Thursday imposed dusk-to-dawn curfew on Ado Ekiti metropolis. While addressing the Hausa Community at Atikankan area of Ado Ekiti, the …

Ekiti Losses N500M Monthly During Fayemi’s Govt -Fayose Governor Ayo Fayose of Ekiti State has accused the immediate past government of All Progressives Congress( APC) of short changing the state to the tune of N500 million monthly through the e-payment system. A statement made available to newsmen by the Special …

VICTORY AT LAST! Court Stops Governor Fayose’s Impeachment A Federal High Court in Abuja today, set aside all actions and activities of the embattled Speaker of the Ekiti State House of Assembly, Dr Adewale Omirin and the All Progressives Congress (APC) lawmakers from November 21, 2014 till date, including the …

Ekiti Women Give Fayose & Days Ultimatum Women in Ekiti state have issued a seven-day ultimatum to All Progressives Congress (APC) lawmakers to back down from the impeachment moves against the governor of the state, Ayodele Fayose, or they would invoke the gods against them. The women in Ikere-Ekiti on …

Diamond Bank Sacked Workers. The economic downturn in the country, coupled with the difficult regulatory climate, seems to be taking its toll on the financial sector as one of the top financial institutions, Diamond Banks Plc has sacked over 1,000 workers. Business findings revealed that the latest disengagement by the …

The value of the Naira yesterday depreciated against the dollar by N3, to close at N208 at the Bureau De Change (BDC) from the N205 it sold for on Friday. The News Agency of Nigeria (NAN) reports that the development was an appreciation following the N224 it sold for before …

The police have restored  Ekiti State House of Assembly Speaker Adewale Omirin’s security team. Omirin, who leads the 19 All Progressives Congress (APC) majority lawmakers, lost his security backing after seven Peoples Democratic Party (PDP) lawmakers claimed to have removed him from office. The restoration of his security  on the …

Factional Ekiti Speaker Seeks Arrest, Prosecution Of Omirin The factional Speaker of the Ekiti State House of Assembly, Mr Dele Olugbemi, has sent petitions to the Police and the Department of State Service, requesting for the arrest and prosecution of the embattled Speaker, Dr. Adewale Omirin, for forgery, impersonation and …

Gunmen Disrupt Ekiti APC Victory Party, Attack Secretariat Crisis returned to Ekiti State on Wednesday as gunmen attacked the All Progressives Congress Secretariat and jubilant members of the party. The APC members had just returned from the streets of Ado Ekiti where they had gone to celebrate the victory of …

Buhari The President-Elect, Major General Mohammadu Buhari (Rtd), has been urged to call members of the All Progressives Congress (APC) in Ekiti State to order, saying the party must not use desperation for power to cause instability in the State. The call was made by an Abuja based group, the …

Follow us on twitter @ekiti_247 LIKE US ON FACEBOOK As part of efforts to raise the standard of agricultural production in Ekiti State and increase the frontiers of the state Stomach Infrastructure policy , the Ekiti State Governor, Mr. Ayodele Fayose has purchased 7,200 bags of fertilizer for distribution to …

Governor Ayodele Fayose of Ekiti State has awarded a contract, totalling N1.2 billion, to carpenters and furniture makers in the state as part of his campaign promises to empower the Ekiti local workforce in the execution of government projects. The Carpenters and Furniture Makers Association got the patronage after a …

Five petrol stations found to have been selling petrol above the official N87 pump price and creating artificial scarcity have been shut down by the Ekiti State Government. Making the disclosure in Ado Ekiti on Monday, the Chairman, Ekiti State Petroleum Consumers Protection Agency, Mr. Adeyemi Adebayo, said the stations …

Fuel scarcity has resurfaced in many parts of Ado-Ekiti, the Ekiti State capital. Many filling stations refused to sell the product to buyers, which made few outlets dispensing the commodity to be besieged by motorists, motorcyclists and other consumers. The queue at the Nigeria National Petroleum Corporation (NNPC) Mega Station …

Follow us on twitter @ekiti_247 LIKE US ON FACEBOOK Bursars in Public Secondary Schools in Ekiti State have been urged to intensify efforts towards updating the payrolls and nominal rolls returns of schools in the state. The Permanent Secretary of the State Teaching Service Commission, Dr. (Mrs.) Eunice Dada who …

The Presidency has launched a two-pronged war to ensure that President Goodluck Jonathan wins the election convincingly. The two strategies are to stop Muhammadu Buhari, the All Progressives Congress candidate from contesting the election with Jonathan and the replacement of the INEC Chairman, Prof Attahiru Jega, with a less independent-minded …

The Naira on Friday depreciated against the dollar as it traded at N208 from the N191.50 it sold for on Monday, Jan. 19. The rate has made the naira to lose N16.50 within five days. The CBN’s website, however, put the Naira against the dollar at N167.50, while the Pound …