Category: Business

VP Kashim Shattima Invites Investors to Explore Opportunities in Bauchi State

Author sooth

By: Bashir Hassan Abubakar Vice President Kashim Shettima has called on both local and foreign investors to take advantage of the vast economic opportunities in Bauchi State. He made the call while representing President Bola Ahmed Tinubu at the opening of the Bauchi State Economic and Investment Summit. The Vice President said the federal government is committed to building a stable and profitable business environment, assuring investors of continuous reforms to boost economic growth and ease of doing business across all sectors. Shettima commended Bauchi State Governor, Senator Bala Mohammed,…

Scoresheets and Rankings Unpack Esther’s Winning Performance in FOMI 2025

Author sooth

The host of FAME 2025, Sylvester Obasi, has released a statement concerning the just-concluded award, titled “Scoresheet, Statistics, Rankings Reveal How Esther Won FOMI 2025,” which reads ’’Her path to the FOMI 2025 crown wasn’t guaranteed, but a steady ascent up the rankings is revealed in the scoresheets, marking a journey of quiet determination.” The recently concluded Face of Maritime International (FOMI) contest may have come and gone, but statistics and figures from the final score sheet have revealed a detailed breakdown of performances across the seven contestants who represented…

Shippers’ Council’s Q2 Intervention Saves Economy N175m, Resolves 40 Disputes.

Author sooth

The Nigerian Shippers’ Council (NSC), the nation’s Port economic Regulator, helped stakeholders in the Marine and Blue Economy recover over N175.8 million and $30,000 USD in Q2 2025, addressing complaints lodged by industry players Formal records from the NSC Complaints quarterly newsletter, published in the Industry Newspaper, Shipping Position, Vol. 18 N0.44, dated Monday, October 6th, show that the Council received 40 complaints between April and June 2025. The complaints were filed by various stakeholders, including importers, exporters, shipping companies, agents, and an oil and gas firm. Shipping Position further reported that’…

Rain fails to deter Lagos residents queuing for cooking gas

Author sooth

On Sunday, October 5, a heavy downpour did not deter Ikorodu residents, who were seen in queues struggling to buy Liquefied Petroleum Gas (LPG) popularly known as cooking gas. Helpless residents were seen at the Nipco gas station in Sabo, Ikorodu, prepared to buy gas at N1,200 per KG. Our energy correspondent, who was on the scene, also witnessed fights among individuals who attempted to jump the queue. Sooth News sought to understand why residents were struggling for cooking gas despite an alleged lack of scarcity. The filling station’s manager…

Bauchi Governor Lays Groundwork for Investment Summit

Author sooth

By: Bashir Hassan Abubakar In preparation for the upcoming Bauchi State Economic and Investment Summit, Governor Bala Abdulkadir Mohammed has reiterated his administration’s commitment to creating an investor-friendly environment in the state. Speaking at a Community Engagement Interactive Session in Bauchi on Thursday evening, the Governor emphasized the summit’s potential to showcase Bauchi’s economic prowess and attract investments. The one-on-one engagement, popularly known as the Bauchi Roadshow, aims to highlight the state’s vast economic potential, promote private sector growth, and integrate Bauchi’s economy into national and global markets. The Governor…

Lagos Govt Justifies Trade Fair Demolition, Refutes Ethnic Targeting Allegations

Author sooth

The Lagos State Government has defended the demolition of buildings at the Trade Fair Complex, Ojo, insisting the demolition was purely technical and not targeted at any ethnic group. Recall, the State Government, in September, began demolition of unsafe and illegal buildings at the Trade Fair Complex. Olumide Oluyinka, Hon. Commissioner for Physical Planning and Urban Development dismissed claims of ethnic victimisation during an interview on Channels Television’s the Morning Brief on Thursday. “That is not true,” he argued, claiming that “We have been to Owode Onirin, Idumota, and Ikeja.…

US Embassy Assures Nigerians of Continued Visa, Passport Services.

Author sooth

The US government, the United States Embassy in Nigeria on Wednesday, October 1st assured that visa and passport services will continue. The announcement comes as many citizens expressed concern that the shutdown in Washington could extend to visa processing, student travel plans, and other consular services in Nigeria. “Due to the lapse in appropriations, this X account will not be updated regularly until full operations resume, with the exception of urgent safety and security information. “At this time, scheduled passport and visa transit services in the United States and at…

Dangote Group Agrees to Reabsorb Disengaged Staff, Resolving Labor Dispute

admin

After a peace meeting, the Dangote Group has agreed to redeploy workers who were previously sacked by its subsidiary, the Dangote Petroleum Refinery. The agreement followed negotiations involving government officials and union representatives to resolve the labor dispute. The resolution was made known on Wednesday, October, 1st by the ministry of labour and employment in a statement on the outcome of the reconciliation meetings held on Monday and Tuesday. Aliko Dangote, founder of Dangote Group, and representatives of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) met…

China Unveils Maritime Countermeasures Amid Looming U.S. Port Fee Deadline

Author sooth

Chinese Premier Li Qiang has signed a State Council decree revising regulations on international maritime transport that will enable China to take countermeasures against countries imposing discriminatory restrictions on Chinese shipping operators. According to the decree, which went into effect on Sunday, “China will take necessary countermeasures against countries or regions that impose or support discriminatory bans, restrictions, or similar measures targeting Chinese operators, vessels, or crew engaged in international maritime transport and related services.” These countermeasures will be enacted unless relevant treaties or agreements offer “adequate and effective remedies,”…

NOA: 5% fuel tax to boost road funds, eventually ease travel costs

Author sooth

The National Orientation Agency (NOA) says the reintroduction of a 5 percent fuel surcharge on petroleum products will go a long way to benefit Nigerians. A surcharge is an additional charge, fee, or tax added to the cost of a product or service beyond the initially quoted price. Petroleum products include petrol, diesel, and compressed natural gas (CNG). In a post on X on Tuesday, NOA said the introduction of a 5 percent fuel surcharge aligns with a global trend already in place in over 150 countries. According to the…