General

Amaechi may sue Fani-Kayode, Fayose’s aide over Ikoyi billions; demands N1.25b, apology

One-time Minister of Aviation, Chief Femi Fani-Kayode, has been given seven days to pay N500 million and apologise for his Twitter post alleging linking Transport Minister Chibuike Rotimi Amaechi to the over N13 billion recently found by the Economic and Financial Crimes Commission (EFCC) in Osborne Towers, Ikoyi Lagos. Similarly, Lere Olayinka, Media Aide to […]

General

Work begins on Akwa Ibom International Market

A consortium of Chinese Companies has concluded arrangements for the take-off of construction of an International Market at Ikot Ekpene and Eket local government areas of Akwa Ibom State. The consortium companies comprises of China Railway and Airport Construction Company, Yiwu International Market Group, Ande Logistics, Forte Energy and Jaagris Nigeria Limited. The leader of […]

General

CBN releases additional $250m for forwards market

The Central Bank of Nigeria (CBN) on Wednesday released additional $250 million on 7 to 30-day forwards for agriculture, airline, petroleum products and raw materials. The Bank also called for bids for wholesale spot for $100 million for Basic/Personal Travelling Allowance, medicals and tuition fees. Confirming this in Abuja on Wednesday, the Acting Director, Corporate […]