Business
Presidential Nano Grant Beneficiaries Tell Tales of Joy, Frustration
Last weekend, the Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, flew from Abuja to Calabar, Cross River State, to oversee the disbursements of the federal government’s N50k Nano grant to some beneficiaries in the State.
The grant is being disbursement through the Bank of Industry.
During the event held at the PBAT Media Centre, the Minister said: ” This was the first of many trips across the country to get on ground realities of the grant implementation and ensure they are going to the right people.
We still have many more people to pay but reassuring that this program by @officialABAT is restoring hope and rebuilding lives in Cross River.”
She stated that 660,320 nano businesses have been supported so far with over 300,000 still to come.
“Manufacturers and MSMEs your turn is from next month,” she said.
Industrial Times, has been following the development, and reports that while some of the grant beneficiaries are happy and praising the government, others are frustrated as the following comments, shows: ” @Aishatu umar: I want to call your attention concerning the payments of presidential condition grant scheme two of beneficiaries I know their dashboard on your portal shows that they were paid but unfortunately they never received dime in their respective accounts up to now since last 5 weeks.”
@ victor okon: “I’m yet to get my 50k despite having done physical data capturing.”
Read more:
Industrial Times
industrialtimesngr.com/Presidential-nano-grant-beneficiaries-tell-tales-of-joy-frustration
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Business
Traders shut down Enugu ‘s Obollo-Afor market over N25,000 haulage levy
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
All shops and markets at Obollo-Afor, Udenu Local Government Area of Enugu State were shut yesterday, as traders staged a peaceful protest against alleged selective collection of a N25,000 haulage levy in the market.
The traders, who locked their shops and took to the streets in large numbers, carried placards with various inscriptions, alleging that the Enugu State Internal Revenue Service (ESIRS) had singled out Obollo-Afor Market for the collection of N25,000 haulage fee on every truckload of goods loaded or offloaded in the market.
However, Chairman of ESIRS, Emmanuel Nnamani, in a letter to the traders, said the haulage levy was not paid by traders buying or selling goods in the markets, but was applicable strictly to truck drivers plying interstate routes.
Addressing officials of the Udenu Local Government Council at the council secretariat, where the protesters marched to present their grievances, Chairman, Obollo-Afor Market Traders Association, Charles Eze, lamented that truck operators bringing foodstuffs, building materials, and other commodities to the market had stopped coming because of the levy.
Business
Nigeria’s oil production dropped by 4% in July – NUPRC
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
The Nigerian Upstream Regulatory Commission (NUPRC) data has shown Nigeria’s average daily oil production fell by four percent in July, 2026.
According to the NUPRC, Nigeria produced 1.505 million barrels per day (bpd) of crude oil and 0.17 million bpd of condensate, bringing the combined daily production to 1.67 million bpd.
The commission said the country met and exceeded its Organisation of the Petroleum Exporting Countries (OPEC) quota of 1.5 million bpd for the third consecutive month.
“In the month under review, the daily peak production of crude oil and condensate was 1.78mbpd, while the lowest daily production was 1.57mbpd.”
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