Analysts laud CBN, warn against Naira devaluation
“Nigerians may need to work harder to settle indebtedness, pay bills to foreigners and sustain production and employment overseas. Accordingly, the costs to devaluation would appear to overwhelm the benefits contemporaneously.” Instead, Amah advised the monetary authorities to consider other alternatives, such as adopting an exchange rate targeting approach through the use of a managed float system, which does not rely on the moves of speculators in determining exchange rate.
AMCON to publish list of loan defaulters
The Asset Management Corporation of Nigeria, AMCON, in line with Central Bank of Nigeria, CBN, directive has vowed to publish the names of banks’ loans defaulters if the loans remained unpaid.
Tenure elongation: Lagos assembly summons HOS for interrogation
The Lagos State of Assembly has summoned the state Head of Service, Mrs. Folashade Jaji to appear before the House on Tuesday 28th, July over the elongation of the tenure of office of members of the state Judicial Service Commission.
Noise Pollution: Lagos to embark on enlightenment campaign
The Lagos State House of Assembly on Monday, called on the state Ministry of Information and Strategy to embark on public enlightenment campaign to sensitize the public on the danger that noise pollution poses on the health of citizens of Lagos state.
Mourinho tips Hazard to succeed Terry as captain
Jose Mourinho believes Eden Hazard has the leadership skills to be a candidate for the Chelsea captaincy in the future.
Hazard has become Chelsea’s biggest star and played a major role in the club winning the Premier League and Capital One Cup last season.
16-yr-old apprentice kills 4-yr-old boy for human parts
The quiet community of Ijanikin Otto has been thrown into mourning, following the murder of a four-year-old boy, identified as Ibrahim Jamiu Hassan, by a teenager, who reside in the same compound with the victim.
Strike: Govt offices shut in Imo
All Imo State Government offices were shut Monday, following the industrial action ordered by the leadership of the labour unions operating in the state.
Obasanjo seeks support for Police
ABEOKUTA – Former Presiident Olusegun Obasanjo has appealed to Nigerians to support Nigeria Police in order to ensure safety and sanity in the country.
Foundation donates educational materials to govt school
As part of effort to imbibe reading culture among young Nigerians, a Non-Governmental International Organisation known as Gracelink Foundation, has donated educational materials to Federal government-owned secondary school, FGC, Kwali in Kwali area council of the Federal Capital Territory, FCT.
Okowa’ll deliver prosperity to Deltans—FORUM
DELTA Elite Forum, a socio-political group in Delta State, has expressed confidence that the state governor, Sen Ifeanyi Okowa will deliver prosperity to the people of the state through his prosperity agenda.
Ex-gov Sheriff commended over support for youths in Maiduguri
Youths group from the 15 wards of Maiduguri Metropolitan Council, MMC, yesterday commended former Governor Ali Modu Sheriff for his contributions to the well being of the people of the state through cash donations to launch themselves into business and support their families.
