BUSINESS
Billionaire Daughter, Hauwa Indimi, Laments High Cost Of Tomato
Hauwa Indimi-Yar'adua, the daughter of billionaire oil entrepreneur Mohammed Indimi, has expressed concern about growing food prices in the country. Taking to her verified Instagram account, the cosmetologist shared a photo of a small basket of tomatoes she purchased in Abuja for N8,000, adding that she is "still not over it yet." According to the News Agency of Nigeria, due to...
We’re Working Hard To Ensure Free Fall Of Naira Stops, Emefiele Vows
With an escalating demand for foreign exchange for both goods and services by Nigerians, the Central Bank of Nigeria (CBN) has assured that it would continue to make deliberate efforts in the foreign exchange sector to avert further downward slide in...
Buhari Reverses Self On Sale Of ExxonMobil Shares To Seplat Energy
President Muhammadu Buhari on Wednesday, reversed his authorisation of the acquisition of the entire share capital of Mobil Producing Nigeria Unlimited by Seplat Energy Offshore Limited. The move puts the Presidency on the side of the Nigerian National Petroleum Company Limited which had earlier declined the $1.3bn transaction. On Monday, a statement by the Special Adviser to the President on Media...
BREAKING: Abia Hits 1bn Naira In Monthly IGR As Ikpeazu Says Payment Of Workers Not A Problem
Abia State has met her target of hitting the N1bn mark in her internally generated revenue drive for the month of January 2020 thereby significantly raising her revenue profile while also paying the new minimum wage agreed by the Federal Government and Labour to its civil servants without any rancour or hesitation. This much was stated by the State’s Commissioner...
Buhari Jets Out To Portugal, To Take Part In UN Ocean Conference
President Muhammadu Buhari will on Tuesday, June 28, depart Abuja on a State Visit to Portugal at the invitation of President Marcelo Rebelo de Sousa. The President, who will hold official talks with his Portuguese counterpart will be conferred with ...
Governors Are Devastated By New Naira Policy Because They Can’t Buy Votes Again — Sanusi
A former governor of the Central Bank of Nigeria, Lamido Sanusi, claims governors are angry with the new naira policy because they will not be able to buy votes during the February 25 and March 11 elections. On Sunday, Mr Sanusi advised would-be voters to disregard the governors and other politicians’ opposition to the naira swap. “It is the politicians’ plan...
CBN Pumps $500m Into Forex Market, Promises To Clear Backlog Soon
In a move aimed at addressing the persistent backlog of verified foreign exchange (forex) transactions, the Central Bank of Nigeria (CBN) has injected another $500 million into the market. This comes barely a week after the bank injected approximately $2 billion to settle outstanding commitments across the manufacturing, aviation, and petroleum sectors. Mrs. Hakama Sidi Ali, Acting Director of the Corporate...
Katsina Introduces New Road Tax, Hikes Haulage Fee
The Katsina State Government says it has commenced the implementation of a new order titled ‘Interstate Road Tax Sticker (ISRTS) and Single Haulage Fee (SHF) Order 1. The Chief Press Secretary to Governor Dikko Radda, Malam Ibrahim Kaula, said in a statement that the move, effective from December 22, was an exercise of the powers vested on the governor by...
Obaseki Decries Nigeria’s Rising Debt Profile, Says FG Printed N60bn To Share In March [VIDEO]
Edo State Governor, Godwin Obaseki, has said Nigeria is in “huge financial trouble” with the way the economy is run. Obaseki lamented that Nigeria was the only country in the world where the federal, state, and local governments earn salaries at the end of the month, adding that the Federal Government printed N60bn as part of federal allocation for March. Speaking...
FG Gives Condition To Lift Twitter Ban
The Nigerian Government has stated that it will only lift the ban on Twitter if the social media platform is used ‘responsibly’. Nigeria’s minister of foreign affairs, Geoffrey Onyeama disclosed that Twitter’s operations in Nigeria will be restored only if the platform can be used ‘responsibly.’ He said this at a meeting with some envoys from UK, US and other...
