Order to CBN on food importation: Buhari is a leader who is completely out-of-touch - Ezekwesili Former Minister of Education, Oby Ezekwesili, has described President Muhammadu Buhari as a “completely out-of-touch leader.” Ezekwesili, a former presidential candidate of the Allied Congress Party of Nigeria, ACPN, made the remark while rubbishing Buhari’s warning to the Central Bank of Nigeria, CBN, to stop providing foreign exchange for importation of...... read more
Moghalu faults Buhari’s directive on non-provision of foreign exchange for food importation Kingsley Moughalu, a former deputy governor of the Central Bank of Nigeria (CBN) has faulted President Buhari's directive on non-provision of foreign exchange for food importation.        Recall that President Buhari while hosting APC Governors at his hometown in Daura on Tuesday, said his directive to the CBN to starve...... read more
Don’t Give A Cent To Anybody To Import Food Into The Country, Buhari Tells CBN President Muhammadu Buhari has directed the Central Bank of Nigeria (CBN) to stop providing foreign exchange for importation of food into the country. He disclosed this on Tuesday when he hosted the All Progressives Congress (APC) governors to Eid-el-Kabir lunch at his country home in Daura, Katsina State. The President explained...... read more
Outrage as China ships used vehicles to Nigeria Automakers, dealers and other stakeholders have expressed anger over China’s resolve to push its used vehicles to Nigeria and other global markets as a strategy to shore up its income from automobile. Although no government official connected with the auto industry and vehicle import was willing to confirm the development, The...... read more
We'll implement street lighting to ensure Business Centres run on 24hrs circle - Abia govt   In a bid to improve power supply and boost businesses on 24 hours circle, Abia State government has said it would soon install generating sets and erect street lights along major roads leading to business centres in Aba and Umuahia. Commissioner for Information, Chief John Okiyi Kalu, who stated this...... read more
Invest in Abia and enjoy tax waivers - Ude Oko Chukwu   Abia State Deputy Governor, Rt Hon Ude Oko Chukwu, has called on citizens and entrepreneurs to invest in the state and enjoy tax waivers for a minimum of five years. Sir Oko Chukwu who made the call at Afaraukwu Umuahia during the opening of a mini residential estate built by...... read more
Ikpeazu tasks Ndigbo on development of S’East Governor, Dr. Okezie Ikpeazu, has urged the Igbo to unite themselves and develop the economy of Southeast to create employment for her teaming youths. He gave the charge while receiving a delegation of Nzuko Umunna led by Mr. Emeka Onwuka, at Government House, Umuahia. He stressed the need for all to...... read more
YESSO: Abia to partner world bank on Youth support program The Abia State government is set to partner Workbank on the Youth Employment and Social Support Operation (YESSO) Project.  YESSO is a programme aimed at strengthening the state level social safety net systems and reducing the vulnerability of poor youth and women through increased access to work opportunities and promoting human...... read more
Nigeria spends 50 percent of revenue on debt servicing-AFDB African Development Bank says Nigeria spends 50% of its earning on debt servicing The bank, revealed this in its West Africa Economic Outlook 2019. According to AfDB, the lowest revenue spent by West African countries on external debt servicing is 17 per cent. The bank adds that with the increasing domestic debt...... read more
We’ll reduce dependence on imported items – Emefiele The Governor, Central Bank of Nigeria, Mr Godwin Emefiele, has said that Nigeria will continue to implement policies that will reduce the importation of goods that can be produced locally. He said this while making a presentation titled, ‘Against the tide: Nigeria’s  heterodox monetary policy and the Bretton Woods consensus’, at...... read more
FG set to ban ownership of gas cylinders by consumers The Federal Government is coming up with a policy that will remove the ownership of Liquefied Petroleum Gas (cooking gas) cylinders from consumers. It stated that the move would help deepen the use of LPG, popularly known as cooking gas, adding that the government had reached an agreement with two original...... read more
NDLEA fights Akeredolu over growing Marijuana to boost IGR The National Drug Law Enforcement Agency has said it never advocated the growth of cannabis sativa for medicinal purpose or economic gain, adding that it had destroyed 3,900 hectares of cannabis sativa in Ondo State. The NDLEA Chairman, Col. Muhammad Abdallah (retd), stated this on Monday, noting that he and the...... read more
Taxpayers In Nigeria Increased By 23 Million Within Three Years – Finance Minister The taxpayer’s base in Nigeria has, within the period of three years, increased by 23 million. This was disclosed on Thursday by the Minister of Finance, Zainab Ahmed, during a media briefing in Abuja. Ahmed said the taxpayer’s base has increased from 12 million in 2015 to 35 million in 2018....... read more
CBN admits leaked audio is authentic, set to take legal actions The Central Bank of Nigeria (CBN) on Sunday scrambled a rebuttal to deny media reports that it lost over N500 billion after a private investment by some of its top officials went awry. Sahara Reporters had reported earlier a telephone conversation involving the CBN Governor, Godwin Emefiele; his deputy, Edward Adamu; the...... read more
Enugu govt to release N400m World Bank counterpart fund for rural devt IN line with its infrastructural development agenda in the rural areas, Enugu State government has promised to release N400 million World Bank counterpart fund to build more rural access roads across the state.The focal person, Chief Uche Nnadi made this known yesterday during a three-day World Bank, French Development Agency and...... read more
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