Business

South-East Private Sector Leaders Committed to Regional Investments

Among those leading this initiative are Dr. Cosmas Maduka, President/CEO of Coscharis Group; Mr. Johnson Chukwu, Managing Director/CEO of Cowry Assets Management Ltd.; Etemore Glover, CEO of Impact Investors Foundation; and Prof. Franklin Ngwu, Director of Lagos Business School.

Published

1 year ago

January 14, 2025

OCHEFA

531 Views

On October 3, 2024, the Enugu Fashion Hub cluster was inaugurated by Vice President Kashim Shettima, marking a significant step towards enhancing economic development in the South-East region.

In a concerted effort to elevate the region’s economy, prominent private sector leaders and entrepreneurs have united to initiate business ventures that will foster regional transformation.

During a recent meeting focused on the fourth-quarter economic outlook for the region, these leaders agreed on the need to establish a comprehensive roadmap for economic development.

This strategy will address challenges related to security and governance while promoting private-sector-led initiatives.

The discussions also encompassed ways to engage citizens of the region living in the diaspora, both locally and internationally, in investment opportunities within the area.

Additionally, the establishment of an Eastern Economic Summit was proposed as a dedicated platform for advancing regional development and advocacy.

Prof. Ngwu, who facilitated the session, emphasized the significant developmental needs of the region despite its vast human capital and material resources that remain largely untapped.

He pointed out that the initiative is crucial at this juncture, particularly given the various distractions faced by governments at all levels in the region.

This commitment to collaboration among private sector stakeholders signifies a proactive approach to unlocking the region’s potential and fostering sustainable growth.

Related Topics:Featured South East economy South-East Regional development

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Business

BUA Group Denies Reports of Bid to Acquire Stake in Kano Pillars Football Club

Published

10 hours ago

June 30, 2026

Charles Flames

26 Views

BUA Group has firmly dismissed online reports claiming that the conglomerate and its Chairman, Abdul Samad Rabiu, submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

In a press statement issued on Tuesday, the company described the publication as inaccurate and misleading.

PRESS STATEMENT

Re: False Claims of Bid to Acquire Stake in Kano Pillars Football Club

Our attention has been drawn to an online publication suggesting that BUA Group and its Chairman, Abdul Samad Rabiu, have submitted a bid to acquire a 70% stake in Kano Pillars Football Club.

We would like to clarify that this report is inaccurate and does not reflect any position, action, or communication from BUA Group or Abdul Samad Rabiu. No such bid has been made, and there has been no engagement with any party on this matter.

We kindly request that this report be disregarded, and we encourage the public and members of the press to rely only on official statements issued through BUA Group’s verified channels for accurate information regarding our activities.

We appreciate the continued interest in BUA Group and thank the public for their understanding.

BUA Group reiterated its commitment to transparency and urged stakeholders to verify information through its official communication channels.

Business

Nigeria’s oil minister orders marketers to reduce fuel price

“While we believe that market forces will eventually restore equilibrium, the regulator also has a statutory responsibility to ensure that deregulation does not become an avenue for profiteering. This must be done in line with the extant provisions of the Petroleum Industry Act,”said Lokpobiri.

Published

14 hours ago

June 30, 2026

OCHEFA

25 Views

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, at the NMDPRA General Counsel and Legal Advisers Forum, directed petroleum marketers to reduce fuel price .

At the two-day forum themed: “Beyond Compliance: Driving Regulatory Certainty and Investment Confidence in Nigeria’s Petroleum Sector, Lokpobiri noted that refiners and marketers have continued to sell petrol at elevated pump prices despite the significant decline in crude oil prices from a peak of $120 per barrel to about $72 per barrel last week.

He said: “Following de-escalation of tensions between Iran and the United States, we expected to see a commensurate downward adjustment in the prices of PMS and other petroleum products.However, that has not yet happened.”