HomeEditors Pick

Editors Pick

Avengers: Buhari Set for Talks With Niger Delta Leaders

...Militants demand referendum, want president to visit region President Muhammadu Buhari has offered to personally meet with governors, elders and other stakeholders from the Niger Delta as part of his efforts to seek peace in the region following renewed sabotage of oil and gas pipelines...

Looting: We‘ll Soon Go After Banks— EFCC Chair Magu

Economic and Financial Crimes Commission (EFCC) Chairman Ibrahim Magu  has vowed  that the agency would go after banks being used for the looting of the nation’s treasury and money laundering. He asked the Central Bank of Nigeria (CBN) to stop private banking in the country...

FG Moves to Decongest Seaports, Inaugurates ICD Committee

The Federal Government has inaugurated a technical committee for the establishment of the Kaduna dry port with a view to de-congesting the country’s seaports. In March this year, the Federal Executive Council approved the establishment of inland container depots in the country and explained that...

Forex: Marketers Say Petrol Price Will Crash Soon

Nigerians will experience a further reduction in the pump price of Premium Motor Spirit, popularly known as petrol, in the coming weeks as a result of the recently introduced foreign exchange policy by the Central Bank of Nigeria, oil marketers have said. The approved price...

Govt Policies Unfriendly to Investors – Dangote Firm

Government’s policies such as the removal of the pioneer status tax incentive, the forex policy and customs duties are discouraging local and foreign investment, the Group Executive Director, Dangote Industries Limited, Mr. Devakumar Edwin, has said. He lamented that government’s policies were rendering manufacturing companies...

CBN Forex Policy: Customs Loses N138.9bn in 5 Months

Controller General of the Nigeria Customs Service, Col. Hameed Ali, retd, has said Nigeria lost a total of 138.9 billion, representing 35.5% in income generation expected from the agency between January and May, 2016. The development came as the Senate Committee on Finance directed all...