The Central Bank of Nigeria (CBN) has debunked a newspaper report on sleaze in the foreign exchange (forex) dealings. In a rebuttal made available to Daily Sun yesterday, the apex bank challenged the media organisation to provide the names and evidence of collusion between the agents and officials of CBN working in cahoot to carry […]
Their goals may not have been enough to secure all three points for their sides this weekend, but Lionel Messi and Cristiano Ronaldo both netted braces to keep their Golden Shoe hopes intact. Nigeria vs Argentina Messi Kylian Mbappe, who currently joins the podium with these two giants of world football, is still yet to […]
Crude Oil closed positive in January 2019 having suffered sharp losses and closing in red on all three months of 3rd quarter in FY2018-19. Having hit 4 years high at $77.06 per barrel just at the start of Q3 FY2018-19, crude oil suffered sharp losses and moved back near yearly lows to $42.20 per barrel […]
First Vice President of the Nigeria Football Federation, Barrister Seyi Akinwunmi is pleased with Nigeria’s flying start at the U20 Africa Cup of Nations in Niger Republic. After a cagey first half, goals from Nazifi Yahaya and Maxwell Effiom silenced Burundi 2-0 in Niamey to lead Group A after the first round of games. In […]
Chairman of the Special Presidential Panel for Recovery of Public Property, Mr. Okoi Obono-Obla, noted in a News Agency of Nigeria report, on September 7, 2018, in Abuja, that the agency was continuing its investigations to “recover monies that have been taken away (stolen?) from the people of Nigeria.” According to Obono-Obla, “the ‘$7bn’ fund […]
MORE Nigerians have abandoned their bank accounts majorly due to economic hardship caused by sluggish economic growth, rising job losses and reduction in purchasing power occasioned by double digit inflation. Statistics from the Nigeria Interbank Settlement System, NIBSS, showed that Nigerians abandoned 10 million bank accounts in 2018. NIBSS is owned by all Nigerian banks […]
Nigeria’s most economically successful state wants to go it alone, improving gas feedstock supply in a bid to woo private power project investors. Lagos State is attempting to rewrite the rules of Nigeria’s power sector by developing an independent power project (IPP) programme, based on both pipeline gas and liquefied natural gas (LNG), that would […]
The Bureau of Public Enterprises (BPE) at the weekend said the $3.2 billion Aluminium Smelting Company of Nigeria (ALSCON), located at Ikot Ibasi, Akwa Ibom State was set to recommence operations as the hitherto existing gas supply challenge that rocked the establishment had been largely resolved by the bureau and other relevant stakeholders. The Director-General […]
After two days of deliberations on human right to water by over 150 participants drawn from local, national and international civil society and grassroots groups representing a global movement committed to resisting corporate control of water, Nigerian government and governments across Africa, have been told to, among others, reject privatisation projects designed by the World […]
Volkswagen has signed a Memorandum of Understanding with the Government of Ethiopia for the development of an automotive industry including the establishment of an assembly plant in the country. Ethiopia has thus become the third country in the sub-Saharan Africa to sign a MoU with Volkswagen in the last six months. This is coming after […]