Author: citibusinessnews
-
Government acquires Atuabo lands
The government has compulsorily acquired lands on which the gas processing plant at Atuabo in the Western Region is situated. By the acquisition, the lands in dispute at Atuabo, the metering station of the gas project and the right of way for gas pipelines to Aboadze have all become the property of the state. The…
-
Energy Ministry to investigate NPA’s lavish spending
The Ministry of Energy and Petroleum says it will investigate reports that the National Petroleum Authority is paying $63,000 as monthly rent for its offices at East Legon in Accra. This was contained in a statement signed by the Deputy Head of Communications, at the Ministry. The Ministry of Energy and Petroleum has agreed with…
-
HFC Shareholders to stop Republic Bank from taking over
Two individual shareholders of the HFC Bank on Thursday filed a legal action to challenge the hostile takeover of HFC Bank by Republic Bank of Trinidad and Tobago. In an ex-parte motion filed at the Commercial Division of the High Court, the shareholders are asking the Courts to intervene to save HFC, described by the…
-
VRA resettles 80 families after Akosombo land acquisition
The acting Estate Development Manager of the Volta River Authority (VRA), Mr Emmanuel Tetteh Martey, has told the Judgement Debt Commission that the VRA resettled 80 families following the acquisition of a stretch of inundated land close to the Volta Lake for the construction of the Akosombo Dam. Again, he said the VRA paid compensation…
-
Women entreprenuers must make difficult decisions – Habiba Balogun
Ghanaian women entrepreneurs have been encouraged to make difficult decisions in growing their businesses even if it makes them unpopular in society. Speaking at the Citi Women entrepreneurs Breakfast, Nigerian business consultant, Habiba Balogun said most businesses fail because owners fear making unpopular decisions. She said even though “women face the triple burden-being woman, worker and…
-
India overtakes US as Nigeria’s biggest oil importer
India has taken over from the US as the largest importer of Nigerian oil, the West African state’s national oil company has said. The US has “drastically reduced” its demand for Nigeria’s crude oil in recent months, the Nigerian National Oil Corporation said. The country is currently buying about 250,000 barrels a day. India now…
-
MTN introduces Roam like home
MTN Ghana has introduced Roam Like Home, a new roaming tariff that allows subscribers to enjoy local rates on Voice, Data and SMS while travelling in any of the remaining 21 countries in which MTN operates. ”Roam Like Home” is the latest in the portfolio of tariff offered by MTN Ghana to deliver more value…