FX Gain: Otedola Backs FG on 70% Windfall Tax from Banks Nigerian Billionaire, Femi Otedola, has supported the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks. In a statement he issued on Wednesday, Otedola, who is the chairman...

Recapitalisation of Banks Now Driving in Foreign Investors - Cardoso The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, on Wednesday disclosed that foreign investors are already moving funds into the country to invest in Nigerian banks under the ongoing recapitalisation exercise. Cardoso...

CNG Praises FG’s Decision To Sell Crude In Naira To Domestic Refineries The Coalition of Northern Groups (CNG) has voiced its appreciation of the Federal Government’s recent decision to sell crude oil in naira to domestic refineries, a departure from the previous practice of payment...

Alh. Ibikunle Tajudeen Baruwa, the President of National Union of Road Transport Workers (NURTW), is urging Nigerians and members of the union across the country to shy away from the planned nationwide protest against hardship scheduled to commence on August 1. 

FG: Protest Cannot Solve Our Challenges The Federal Government is once more appealing to Nigerians to be more patient, stating that protest is not the solution to the current challenges confronting the nation. Secretary to the Government of the Federation, George Akume, made the plea in...

Obasanjo Seeks Increase In Commitment, Continuity For Public Service Reforms Olusegun Obasanjo, the former President of Nigeria, is urging for continuity and commitment in current efforts to reform and reposition the public service to play its role in economic development. Yesterday, he said discontinuity remained the...