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Monthly Archives: September 2016

Wife of Central Bank Governor, Emefiele, kidnapped

CBN Governor, Godwin Emefiele

A heavily atmed gang of kidnappers Thursday abducted Margaret Emefiele, the wife of Nigeria’s Central Bank Governor, Godwin Emefiele. A source close to Mr. Emefiele said  that Mrs. Emefiele was kidnapped along the Benin-Agbor Road. Sources disclosed that the kidnappers have made contact with their victim’s husband, adding that they were demanding a huge sum in ransom. Mrs. Emefiele’s kidnap ...

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Recession: Ohanaeze opposes sale of national assets


The apex igbo socio-political organisation,  Ohanaeze Ndigbo has kicked against the proposed sale of national assets as the country battled with recession. The group said the Federal Government should rather investigate the root cause of the recession and address same. The President-General, Ohanaeze Ndigbo, Chief Gary Enwo-Igariwey, stated the group’s position in an address at the 2016 Igbo Day Celebration at ...

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Ignoring calls for restructuring dangerous, Soludo tells Buhari


A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, has urged President Muhammadu Buhari not to ignore the growing call for fiscal federalism and the re-negotiation of Nigeria’s unity. Soludo specifically warned that Buhari’s attitude towards restructuring at a time when the Biafran agitation was intensifying was dangerous. He made the call during the public presentation of ...

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Buhari commits to boosting domestic manufacturers

Nigerian President Muhammadu Buhari (L) addresses delegates at the start of a conference to tackle corruption at the Commonwealth Secretariat in London on May 11, 2016. / AFP PHOTO / LEON NEAL

President Muhammadu Buhari ‎has assured members of the Manufacturers Association of Nigeria (MAN) that his administration will be removing bottlenecks and create a more business-friendly environment to ensure that citizens embrace Nigerian manufactured goods.‎‎‎He said his administration recognises the sector as a major driver of Nigeria’s economic growth because of its immense natural resources and the entrepreneurial spirit of Nigerians.  The President said this at ...

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NAFDAC tasks youths on regulatory activities


 The National Agency for Food,Drug Admnistration and Control (NAFDAC) on Wednesday said that it had established clubs in secondary schools in the country to train and empower the youths on the ill-effects of fake products and promotion of quality. Mr Richard Anichukwu,NAFDAC coordinator for Ebonyi said this during the presentation of prizes to winners of the 2015 annual secondary school ...

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Nigeria’s economy has collapsed –Atiku


Former Vice president, Alhaji Atiku Abubakar, Wednesday in Lagos, lamented the collapse of the nation’s economy following government’s excessive reliance on oil revenues. Atiku who was guest speaker at the investiture of the President of the Chartered Institute of Stockbrokers (CIS), Mr. Oluwaseyi Emmanuel Abe, said, “ the biggest problem Nigerians have is their addiction to oil revenues; the belief ...

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Naira plummets to all-time low of 472/dollar

Naira - Dollar

The naira slumped to a new all-time low of 470 to the dollar on the parallel market on Wednesday, posting its biggest daily decline since the Central Bank of Nigeria adopted a flexible foreign exchange regime. The local currency stood at 452 to the dollar at the close of trading on Tuesday, down from 445 against the greenback on Monday. ...

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EFCC re-arraigns Orji Kalu, others for alleged N3.2bn theft

Dr Orji Uzor Kalu

A former governor of Abia State, Orji Uzor Kalu; his ex-aide, Jones Udeogo and Kalu’s company, Slok Nigeria Limited, were on Tuesday arraigned before a Federal High Court in Abuja by the Economic and Financial Crimes Commission, nine years after their cases were stalled. Also, the EFCC on Tuesday arraigned the immediate past Chief of Naval Staff, Vice Admiral Usman ...

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Buhari govt corrupt, shouldn’t be trusted – Militants

Militants and President Buhari

A militant group, the Niger Delta Greenland Justice Mandate, on Monday said it would not join in the ceasefire declared by other militant groups in the Niger Delta owing to the alleged insincerity of the President Muhammadu Buhari-led Federal Government. The militant group also alleged that the current Federal Government was too corrupt to be trusted, threatening that attacks on ...

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Buhari picks Gusau to head PTDF

President Muhammadu Buhari

President Muhammadu Buhari has approved the appointment of 13 chief executives in some parastatals and agencies. According to a statement by Bolaji Adebiyi, director of press and public relations in the office of the secretary to the government of the federation, with Ref. No. PPR/OSGF/PR/03, Bello Aliyu Gusau is now executive secretary, Petroleum Technology Development Fund (PTDF). Joseph Ari was named director-general ...

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