CBN maintains high interest rate with N2.1tr Tbs
In an apparent bid to maintain the tight money supply and high interest rate regime in the country, the Central Bank of Nigeria (CBN) is set to mop up N2.17 trillion from the economy through sales of government securities.
I’ll complete Amosun’s uncompleted projects —Odunsi
ABEOKUTA—The governorship candidate of Social Democratic Party, SDP, Senator Akin Odunsi has pledged that all uncompleted road projects embarked upon by Governor Ibikunle Amosun would be completed by his administration if elected.
Statoil to delay development of Johan Castberg, Snorre projects
Statoil ASA and its respective partners have reported the post ponement of the development of both the Johan Castberg and Snorre 2040 field projects to cut costs.
LASEPA moves in to curb noise pollution
NOISE from traffic, public address systems and loud music are gradually becoming the primary sources of noise contamination and pollution in Lagos with the attendant hearing problems and health issues. The Lagos State Environmental Protection Agency (LASEPA) General Manager, Mr Adebola Shabi, recently disclosed that the agency receives an average of 10 to 15 petitions on noise pollution daily.
SEC, EFCC collaborate to check money laundering, terrorism financing
The Securities and Exchange Commission (SEC) and the Nigerian Financial Intelligence Unit (NFIU) of the Economic and Financial Crimes Commission (EFCC) have agreed to to fight illicit financial flows within the Nigerian capital market.
‘Accessing bank loans, epileptic power supply, bane of small businesses’
LAGOS—The Creative Director of one of Nigeria’s fastest growing fashion stores, Elpis Megalio, Olufunke Afolabi, has lamented the inability of young entrepreneurs to access bank loans to start-up businesses, as well as the epileptic power supply in the country, describing these as the bane of small and medium scale enterprises in the country.
Enugu Prison houses 1,754 inmates against 600 capacity
A total of 1,754 inmates are currently being housed at Enugu maximum prison, while 160 condemned prisoners have been on the death roll for years awaiting the hangman’s noose.
Old boy Welbeck fells Man United in FA Cup
Danny Welbeck claimed revenge for his departure from Manchester United by scoring the winner as holders Arsenal reached the FA Cup semi-finals with a 2-1 away victory on Monday.
Eto’o wins anti-racism award
Football star Samuel Eto’o’s inspiring stand against racism won him an award Monday, as the European Council warned that prejudice still stalked the game in Europe.
EFCC arrest 2 over $2.25m forex scam
TWO suspected fraudsters, Uwem Antia and Alhaji Yerima Suleman, have been arrested by operatives of the Economic and Financial Crimes Commission, EFCC, for allegedly stealing $2.250 million from two bankers in a foreign exchange deal.
Court grants activist right to sue Service Chiefs, others over 2015 elections
A Federal High Court in Abuja, Monday, granted leave to a human rights activist, Mr. Richard Akinnola, to seek for an Order of Mandamus compelling the Independent National Electoral Commission, INEC, the Service Chiefs and the National Security Adviser, NSA, from further postponing the March 28 and April 11 elections.
