Shola Shittu

We’ll Fund Roads, Rail, Power Projects With Loans – Buhari

…says Nigeria on a long, difficult journey President Muhammadu Buhari said that the Federal Government will invest substantial part of its foreign and local loans into the development of critical infrastructure. The president said borrowed funds will be judiciously utilised to...

CBN Says Banks Undermining Sales of FX to BDCs

The Central Bank of Nigeria (CBN) has acknowledged getting reports that banks undermine its policy to sell forex from international remittances to Bureau De Changes (BDCs). Speaking after the 252 Monetary Policy Committee (MPC) meeting in Abuja, the CBN Governor,...

CPC Gives 7 Day Ultimatum for Status Report On Recalled Galaxy Note 7

Following reports of explosion of dozens of Samsung Galaxy Note 7 while charging, the Consumer Protection Council (CPC) has issued a seven-day ultimatum to Samsung Electronics West Africa Limited to provide information on the full status of its compliance...

Nigeria, Others Urged to Implement ETLS To Ease Movement Of Agric Produce

The Federal Government and other Ecowas member countries have been urged to quicken the implementation of the Ecowas Trade Liberalisation Scheme, ETLS, with respect to free movement of agricultural produce in West Africa. This was the recommendation of Stakeholders at...

Customs Seize Rice Worth N597bn

The Nigeria Customs Service said it seized rice worth N597.7bn brought into the country through the borders between January, 2016 and August, 2016. The Public Relations Officer of the service, Mr Wale Adeniyi, in an interview in Abuja on Tuesday,...

Recession: NLC Takes on Buhari over Buck Passing

• Calls for thorough investigation of Patience Jonathan, states, LGAs As economic hardship takes a heavy toll on Nigerians, the Nigeria Labour Congress (NLC) confronted President Muhammadu Buhari over the perennial buck passing and blaming of the former President Goodluck...
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