More stories

  • Boss Mustapha Photo
    in ,

    Remarks by The Secretary to the Govt of the Federation/Chairman of the PTF on COVID-19 at the National Brief of Monday 18th May, 2020 ​

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow I welcome you to the National Briefing by the Presidential Task Force (PTF) on COVID-19 for Monday, 18th May, 2020.2.​Today’s briefing is significant as it provides us an opportunity to assess progress made in the first phase of our three-pronged strategy and communicate […] More

  • Ahmed Lawan, Senate president,
    in ,

    Conditions for IMF’s $3.4 billion loan to Nigeria

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Nigeria’s $3.4billion IMF loan comes with many charges, fees, surcharges and interest of between two to three percent per annum, and further devalues the Naira to N389.976/USD as against CBN’s N360/USD. As expected the International Monetary Fund, IMF, yesterday approved Nigeria’s application for […] More

  • court photo
    in

    Court Orders Payment Of $793.2m Hidden In Seven Banks

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Federal High Court in Lagos has granted an interim order for seven commercial banks in Nigeria to remit a total of $793,200,000, allegedly hidden with them in violation of the Constitution and the Treasury Single Account (TSA) policy of the Federal Government. […] More

  • in ,

    Nigeria: Still Investors’ Haven

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow Despite the lull in economic activities due to lack of clear policy direction and the delisting of Nigerian bonds by JP Morgan, the Central Bank and financial experts insist that the economy remains attractive to foreign investors To many Nigerians, the nation’s economy […] More

  • in ,

    Unity Bank Repositions for Growth

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The management of Unity Bank says it is set to reposition the financial institution to underpin Nigeria’s growth even as Henry Semenitari, its managing director, MD, resigned last week. This is after a successful recapitalisation and re-branding exercise that evolved the bank into […] More

  • in

    Senate Directs CBN to Recover Illegal N30 billion Import Waivers

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Senate has directed the Central Bank of Nigeria, CBN, to ensure urgent recovery of the N30 billion waivers illegally granted to some importers. Bukola Saraki, senate president, gave the directive on Wednesday while receiving Godwin Emefiele, CBN governor, and other members of […] More

  • CBN
    in

    Power: CBN Pays Another N7bn for Gas

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Central Bank of Nigeria, CBN, on Friday, disbursed additional N6.9bn to five gas suppliers, one power generation company and one power distribution company. The money, which is the third in the series of disbursements made under the N213 billion Nigerian Electricity Market […] More

  • okonjo-iweala
    in ,

    Ngozi Okonjo-Iweala and the Missing Trillions (1)

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow By Charles Soludo I read some of the responses to my article, “Buhari vs Jonathan: Beyond the Election”, and I want to thank everyone who has contributed to the debate. I am glad that the debate has finally taken off. I have decided, […] More

  • in

    FG To Privatize Railways, Inland Waterways, Others in 2015

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow The Federal Government has announced plans to privatize eight sectors of the economy by 2015. The sectors to be privatized include the railway, road authority, inland waterways, Ports & harbor, national transport commission, federal competition, consumer protection and postal bill. Benjamin Dikki, the […] More

  • in

    Economy: Nigeria Skirting The Circle

    Follow ( 0 Followers ) X Follow E-mail : * Follow Unfollow How I wished Tayo Akpata, Sam G. Ikoku, Bola Ige, Erhunse Bankole Akpata, Tunji Otegbeye and other departed Nigerian thinkers were alive today to see how the cooks of neo-colonial politics have spoilt the broth. I do not envy Allison, Ayida, Phillip Asiodu, […] More

Load More
Congratulations. You've reached the end of the internet.