The House of representatives has asked the Central Bank of Nigeria (CBN) to suspend the limits on weekly cash withdrawals by individuals and corporate entities. The lawmakers also summoned Godwin Emefiele, governor of te apex bank, to appear before it next Thursday over the new policy scheduled to take effectContinue Reading
– Ohanaeze, Others react BY EFE MODESTUS The Chief of Defence Staff (CDS), General Lucky Irabor, has pledged that the military would resist pressure to compromise the 2023 elections. Irabor who was the 61st guest of the Ministerial Media Briefing organised by the Presidential Communications Team, yesterday, disclosingContinue Reading
BY GODDY OBINWA The Department of State Services (DSS) has given the Nigerian National Petroleum Company (NNPC) Limited and oil marketers a 48-hour ultimatum to make Premium Motor Spirit known as petrol available for Nigerians DSS Spokesman, Peter Afunanya announced the directive while briefing journalists at the headquarters of theContinue Reading
BY ADOLPHUS MADU Nigeria Employers’ Consultative Association, NECA, has expressed concerns over the N100,000 cash withdrawal limit announced by the Central Bank of Nigeria, CBN, saying there is “no gainsaying that the livelihood of many individuals and enterprise sustainability would be impacted.” Reacting to the new policy, Director-General of NECA’sContinue Reading
BY EFE MODESTUS Less than seven months after President Muhammadu Buhari signed the Proceeds of Crime (Recovery and Management) Act (POCA) into law, the Federal Government has raked in N120 billion from its anti-corruption campaign. He signed POCA into law in May. In accordance with the new law, all federalContinue Reading
BY GODDY OBI The new Second Niger Bridge will be opened to traffic on December 15. Minister of Works, Babatunde Fashola, ordered the opening of the bridge, which is 95 percent completion stage, to ease traffic during the Yuletide. Federal Controller of Works in Delta State, Mr Jimoh Olawale, whoContinue Reading
BY EFE MODESTUS A former Deputy Governor of Sokoto State, Mukhtar Shagari, has said that the All Progressives Congress (APC) has failed Nigerians and its Muslim-Muslim ticket strategy for the 2023 general election won’t get its desired voter turnout in the northern region of the country. “The Christians in thisContinue Reading
BY GODWIN OBI The Naira redesign has further sent jittery to the spine of kidnappers, other fraudsters and politicians, as the Central Bank of Nigeria (CBN) has ordered Deposit Money Banks (DMOs) and other financial institutions to ensure that weekly over-the-counter (OTC) cash withdrawals by individuals and corporate entities doContinue Reading
– As Jamoh bags 2022 outstanding Service to Taxation recognition BY GODWIN OBI The Nigerian Maritime Administration and Safety Agency, NIMASA, has received commendation for its corporate citizenship performance by the Chartered Institute of Taxation of Nigeria, CITN, having received the ‘Corporate Organization Award’ just as the Agency’s Director General,Continue Reading
BY GODDY OBINWA The Global Igbo Alliance (GIA) has described as unjust the continued detention of leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu, even as it called on the Federal Government and Attorney General of the Federation, Abubakar Mallami, to grant him unconditional release. In aContinue Reading