Godwin Emefiele, the Governor of Central Bank of Nigeria, CBN, is one official who has my total sympathy. He is the victim of economic circumstances absolutely beyond his control, yet, he is looked upon to provide solutions to problems well outside the mandate of the CBN. Unjustifiably, he had become the target of attack from all sides – manufacturers, importers, exporters, BDCs, domiciliary account holders, banks, oil companies,

The Nigerian Stock Exchange, NSE has said that there will be no relenting on efforts this year to dialogue with the Federal Government to bring public enterprises on the stock exchange so that Nigerians could benefit from it. Chief Executive Officer of the NSE, Mr. Oscar Onyema, while reacting to questions from the media during its briefing on the performance of the market in 2015 and outlook for the year said “the NSE will continue to dialogue with the FGN to ensure that state-owned enterprises are listed in the capital market to unlock the government potentials.”

A member of the seventh House of Representatives and a chieftain of the All Progressives Congress, Hon Opeyemi Bamidele, has said that genuine reconciliation of all the factions within the Ekiti state chapter of the party would not only incapacitate the influence of Governor Ayo Fayose but would also return the state to the party come 2018 governorship poll.

The interbank money market experienced huge outflows of cash last week leading to scarcity of funds which was halted by N331 billion inflows from payment of matured treasury bills. Vanguard investigations revealed that the amount of idle cash in the market fell from N633 billion on Monday to zero at the end of business on Tuesday as banks diverted the idle cash to participate in foreign exchange sales by the Central bank of Nigeria (CBN).

Whereas the Nigerian monetary authorities fixed the official exchange rate at N196 to a dollar, there is today a near 50% differential in the parallel market rate to the official rate. The fact that the exchange rate is not market determined, that the price of the dollar is not determined by the equilibrium of demand and supply means significantly that the dollar is officially priced far below its true market value.

Nigeria faces a number of challenges that can only be met if it has innovative, well-educated, and entrepreneurial citizens who, whatever their walk of life, have the spirit and inquisitiveness to think in new ways, and the courage to meet and adapt to the challenges facing them.

Governor Nyesome Wike, of River state last Wednesday got a reprive at the Supreme Court which upheld his victory in the April 11 2015 governorship election. The seven-man panel at the apex court in a unanimous decision read by Justice Kudirat Kekere-Ekun, returned the embattled Wike as the valid winner of the poll as declared […]

Lagos—Members of Lagos State Sand and Laterite Miners Association have expressed their support for the state government and disassociated themselves from recent media reports attacking top official of the state Ministry of Energy and Mineral Resources.

NO fewer than 26 projects are to be commissioned by Governor Olusegun Mimiko to mark the 40th anniversary of the state and his administration’s seventh year.

GENERAL Manager for Policy Government and Public Affairs, Chevron Nigeria Limited, Mr. Deji Haastrup, has reiterated the commitment of Chevron to improve the standard of education in the country through annual national and community scholarship programmes

SCHOOLS, both secondary and primary, as well as health centres, in Okerenkoko, Oporoza, Kurutie, Kunukunumam, Egboba, Benikurukuru, Egwa, Abitte, Tebijoh and other Ijaw communities in Gbaramatu Kingdom, Warri South-West Local Government Area, Delta State, have been forced to shut down following the over two-week siege to the riverine communities by soldiers hunting for pipeline bombers.

THE Manufacturers Association of Nigeria (MAN) has insisted that the International Cargo Tracking Note (ICTN) levy being reintroduced by the Nigerian Shippers’ Council, NSC, be scrapped. Cargo tracking is a global initiative put in place to monitor and verify cargoes on transit. It is mandatory for all International Maritime Organisation member-countries. In US, it is called 24-hour rule; in Europe it is known as EU Advanced Cargo Declaration; China, 24-hour Advanced Manifest Regulation, etc.

OGBE-IJOH market in Warri, Delta State, notorious for destructive fires, went up in flames again, yesterday, with property estimated at millions of naira consumed.

The Deputy president of the Senate, Senator Ike Ekweremadu, has said that he plays politics of development because of his desire for the speedy development of human resources, towns, and villages.

A key member of the Ejike Oguebego faction of the Peoples Democratic Party in Anambra State, Chief Chris Uba, has warned his brother, Senator Andy Uba, Ms. Stella Oduah and others affected by the Supreme Court judgment of last Friday, to stop parading themselves further as Senators and quit the National Assembly.