BUSINESS
My Position On Maintenance Of Moribund Refineries Not A Criticism Against Buhari — Gov. Sule
Nasarawa State Governor, Abdullahi Sule, has denied criticising former President Muhammadu Buhari for not making the nation’s refineries functional during his administration. In a statement on Monday by his Chief Press Secretary, Ibrahim Addra, explained that he only spoke about the removal of fuel subsidy when he appeared on Channels Television’s breakfast programme, “Sunrise Daily,” on June 8. He said, “In...
Emefiele’s Humiliation Despite Keeping Economy Afloat Unacceptable — Agbor Indigenes
A community-based organization, Concerned Citizens of Agbor Initiative also known as Concerned Agbor Citizens, CAC, has condemned in strong terms the suspension and arrest of Mr Godwin Emefiele, Governor of Central Bank of Nigeria, CBN. The group in a press release, signed by Mr Echi Obue and Mr Williams Eghebi, Chairman and Secretary respectively, said the Department of State Security,...
DSS Confiscates Emefiele’s Passport, May Obtain Warrant For House, Office Search
The Department of State Services has seized the passport of the suspended Central Bank Governor, Godwin Emefiele. The service, it was also learnt, may obtain a warrant to search Emefiele’s home and office this week. Following his suspension on Friday as a result of the ongoing investigation of his office and the planned reforms in the financial sector, the service arrested...
Quit Now, Abia Government Tells Umuahia Street Traders
Abia State government has asked traders operating at Ishigate at the centre of Umuahia, the capital to relocate to government approved markets immediately. The permanent secretary of ministry of trade and investment, Michael Egwu stated this in Umuahia while reacting to sudden resurgence of trading at the spot. He, therefore advised the traders to choose between Ubani Ibeku Modern Market or...
Panic Grips Crypto Traders As SEC Bans Binance Operation In Nigeria; Declare It An Illegal Entity
The Securities and Exchange Commission (SEC) of Nigeria has declared the activities of Binance in Nigeria illegal. According to a statement published on its website, any Nigerian trading on Binance Nigeria Limited, a subsidiary of the well-known global cryptocurrency exchange Binance, is doing so at his or her own risk. SEC noted that the company’s activities are in violation of Nigerian...
The Beast Called Emefiele Must Face Full Wrath Of Law – Fani-Kayode
Femi Fani-Kayode has celebrated the suspension of Godwin Emefiele from the office of the Governor of the Central Bank of Nigeria. The APC chieftain in a statement issued on Friday labelled Emefiele a beast. Fani-Kayode alleged that Emefiele financed terrorism and committed monumental thievery and corruption. The former minister of aviation said: “The beast called Godwin “The Greed” Emefiele has finally been...
Uber, Bolt Drivers Begin Nationwide Strike
The Amalgamated Union of App-based Transport Workers of Nigeria, comprising drivers under the platform of e-hailing companies like Uber and Bolt, has said it will commence a nationwide protest today (Wednesday). It planned to withdraw services of its drivers from the general public today. After the hike in the price of Premium Motor Spirit, the drivers decried the low fare increase...
Governor Otti Sacks All Revenue Enforcement Officers
Abia State governor, Dr. Alex Otti has announced the termination of appointment of all revenue enforcement officers in the state with immediate effect. The governor in a statement by his chief press Secretary, Kazie Uko made available to ABN TV, says this is part of the measures to sanitise activities around the transport sector and markets in the State. The affected...
Subsidy Removal: Gov. Makinde To Review Minimum Wage Of Oyo Workers
Governor Seyi Makinde of Oyo State has shown commitment to review salaries of civil servants in the state, as part of efforts to cushion the effect of the oil subsidy removal by the Federal Government. The development came barely 48 hours to the commencement of the proposed nationwide strike by labor unions across the country. Consequently, the governor has set up...
Subsidy Removal: Oil Marketers Inflicting Pains On Nigerians — APC Governors
The Governors of the ruling All Progressives Congress (APC), have accused oil marketers of inflicting pains on Nigerians after President Bola Tinubu’s pronouncement at his inauguration that fuel subsidy is gone. The governors, under the aegis of the Progressive Governors’ Forum (PGF), stated this during a courtesy visit to President Bola Tinubu at the presidential villa. The Chairman of PGF and...
