CBN to axe banks involved in speculative forex demand

CBN to axe banks involved in speculative forex demand

The Central Bank of Nigeria, CBN, yesterday threatened to suspend banks that help in fueling speculative demand of foreign exchange, forex , just as it pledged to support the productive sectors of the economy in its resolve to diversifying and grow the economy.
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Transport minister receives final report on Ibom sea port

Transport minister receives final report on Ibom sea port

THE Minister of Transport, Senator Idris Umar has received the final outline of business case for the Ibom Deep Sea Port in Akwa Ibom State.
The report, which gives an outline of the strategic needs, technical options, financial due diligence and project implementation plan of the proposed Deep Sea Port, and which had earlier been certified by the Infrastructure Concession and Regulatory Commission, was delivered last week in Abuja.

Investor education key to market development – SEC DG

Investor education key to market development – SEC DG

Acting Director General of the Securities and Exchange Commission (SEC) Mournir Gwarzo has again emphasized on investors’ education both for retail and institutional to develop the market and improve the level of investment from the domestic side in the country.

Wike faults Rivers APC claim of cloned blueprint

Wike faults Rivers APC claim of cloned blueprint

Rivers State Peoples Democratic Party, PDP, governorship candidate, Chief Nyesom Wike, has described claims by the Rivers State Government and All Progressives Congress, APC, governorship candidate, Dr. Dakuku Peterside, that he (Wike) cloned the APC blueprint as an admission of Governor Rotimi Amaechi’s failure.

You’re sectional governor, Osoba tells Amosun

You’re sectional governor, Osoba tells Amosun

Former governor of Ogun State, and national leader of Social Democratic Party, SDP, Chief Olusegun Osoba, yesterday, described the state Governor, Senator Ibikunle Amosun as a “sectional governor.”

Nigeria holds great hope citizens—Chidoka

Nigeria holds great hope citizens—Chidoka

Minister of Aviation, Chief Osita Chidoka has said despite present difficulties, Nigeria holds great opportunities for her citizens with projections that the nation’s economy will continue to grow at over six per cent for the next 20 years.

POLLS: APGA scoffs at Anambra PDP’s multiple candidates

POLLS: APGA scoffs at Anambra PDP’s multiple candidates

AGGRIEVED members of All Progressive Grand Alliance, APGA, led by Senator Alphonsus Igbekwe described as illegal and undemocratic the multiple candidates allegedly being presented by Peoples Democratic Party, PDP in Anambra State for the next month’s general elections.

Cholera kills 8 in Anambra

Cholera kills 8 in Anambra

Awka—EIGHT persons have been confirmed dead in Anambra West Local Government Area of Anambra State, following an outbreak of cholera in the area.

Ex Orji’s aide raps PDP leaders over Imo gov primaries

Ex Orji’s aide raps PDP leaders over Imo gov primaries

FORMER Special Adviser to Governor Theodore Orji of Abia State, Mr. Ben Onyechere, yesterday, lampooned the National Working Committee, NWC, of the Peoples Democratic Party, PDP, over alleged inability to settle aggrieved members of the party after the governorship primaries in Imo State.

NAFDAC smashes fake Viagra, Alomo Bitters syndicate

NAFDAC smashes fake Viagra, Alomo Bitters syndicate

LAGOS—The National Agency for Food and Drug Administration and Control, NAFDAC, has smashed syndicates specialised in the faking and distribution of Viagra and Kasapreko Alomo Bitters, two popular performance enhancing drugs registered in the Nigerian market.

Buhari’s certificate propaganda, PDP’s ploy to divert attention —EMERHOR

Buhari’s certificate propaganda, PDP’s ploy to divert attention —EMERHOR

All Progressives Congress, APC, governorship candidate for Delta State in next month’s elections, Olorogun O’tega Emerhor, has said that the certificate propaganda of the APC presidential candidate, General Muhammadu Buhari, was a ploy by the Peoples Democratic Party, PDP, to divert the attention of Nigerians from the PDP’s dwindling popularity and rejection.

Schneider highlights limitations of solar energy

Schneider highlights limitations of solar energy

Schneider Electrics last week said that even as solar energy is considered one of the best options to the grid electricity generation, the problem with it was the space. The company’s new Country President, Mr Walid Sheta said that his company has vast experience in solar energy generation and therefore is in a good position to know the impacts and hindrances to achieving such impacts at maximum level.