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Enugu Government moves to revive Hotel Presidential

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The Enugu State government has announced some concrete steps towards restoring Hotel Presidential Enugu to its former glory. Briefing journalists on the outcome of the State Executive Council meeting held at the Government House, Enugu, the commissioner for information, Dr. Godwin Udeuhele, said that clearing works at the hotel had already commenced. “This directive was sequel to an exhaustive discussions ...

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CBN suspends nationwide implementation of cash-less policy

CBN House

Central Bank of Nigeria (CBN), Friday, suspended the nationwide implementation of the cash-less policy indefinitely. In a circular signed by Dipo Fatokun, Director, Banking and Payments System Department of CBN,, the apex bank instructed banks to revert to old charges and refund customers who had been debited. CBN had earlier announced new charges on deposit and withdrawals  above a threshold ...

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Senate asks Ali to resign, writes Buhari


*Says CG unfit for public office *We stand by AGF’s letter —Customs Senate has demanded the resignation of Comptroller-General of Nigeria Customs Service (NCS), Col. Hameed Ali (retd). The upper legislative chamber declared Ali “unfit to hold any public office” and, consequently, demanded his resignation. Senate also resolved to disregard a letter from the Attorney-General of the Federation (AGF) and ...

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Regulatory Agencies must act as Agents of Change —Osinbajo


It is the role of government’s regulatory agencies to act as catalysts of beneficial change and to take responsibility for facilitating businesses in the country, according to Acting President Yemi Osinbajo. “We must see ourselves as agents of some catalytic change, we must take some responsibility to make profound changes possible,” Prof. Osinbajo told regulatory agencies during a follow-up meeting ...

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Ex-Militant leader says Osinbajo’s directive to oil firms key to Niger Delta devt

Vice President Yemi Osinbajo

Niger Delta Ex-Militants on Monday applauded Acting President Yemi Osinbanjo for directing oil firms to relocate their headquarters to the oil bearing states within the Niger-Delta region.   The ex-agitators who are beneficiaries of the Presidential Amnesty Programme under phase 2 in Bayelsa said that the directive has brought respite to youths in host communities.   Chairman of the Phase ...

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EFCC recovers 50 C of Os, jewelries from ex-NSA to Yar’Adua


The Economic and Financial Crimes Commission, EFCC, has again recovered 50 C of Os, jewelries worth millions of Naira from Maj. Gen. Abdullahi Sarki Mukhtar, former National Security Adviser to Late President Umaru Musa Yar’adua. The recovered items were kept with one Akka Babba Danagundi, brother-in-law to the ex-NSA. The jewelleries were found in a fireproof safe hidden in a ...

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TINUBU: Inflation rate is becoming unbearable

Bola  Tinubu

The National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has urged the Federal Government to bring Nigeria out of the throes of recession by urgently reviewing its monetary policies. Tinubu spoke on Wednesday as a guest lecturer at the National Defence College Course 25 lecture, titled, “Strategic Leadership: My Political Experiences.” He argued that Nigeria’s current inflation rate ...

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Recession: Foreign banks in Nigeria set to acquire local ones

Godwin Emefiele, CBN Governor

Some foreign banks which are operating in Nigeria are planning to acquire and recapitalise weak banks in the country, recent developments have shown. The weak banks are currently valued below their true worth in the country’s capital market, following the prevailing negative sentiment of investors, which has diminished their capital status, making them in dire need of additional capital. The ...

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Frustrated MMM participants resort to curses, threats


Nigerian participants in the ponzi scheme, MMM, are losing patience with it, a week after resumption of service and promise to begin payment. Although there was evidence Friday that some participants had been paid ,thousands of others whose applications were yet to be attended have been  venting their anger on the brains behind the scheme for the frustration in accessing ...

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