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Interswitch suspends IPO over forex supply concerns

Interswitch suspends IPO over forex supply concerns

Interswitch Ltd., which processes payments for banks and owns a brand of debit cards in Nigeria, suspended plans to raise as much as $1 billion in an initial public offering as investors fret over further potential weakness in the naira and a shortage of foreign currency.

2017 Budget: Gov Lalong proposes N132.7bn; Gov Ortom, N163.9bn

2017 Budget: Gov Lalong proposes N132.7bn; Gov Ortom, N163.9bn

By Peter Duru & Marie-Therese Nanlong Jos—Governor Simon Lalong of Plateau State, yesterday, presented a budget estimate of N132.7 billion, tagged Budget of Rescue and Confidence Building, to the state House of Assembly for consideration and passage. The estimate is N13.9 billion less than that of 2016 budget, a change Governor Lalong attributed to the […]

Rivers PDP alleges plans by opposition to send threat messages with their numbers

Rivers PDP alleges plans by opposition to send threat messages with their numbers

Peoples Democratic Party, PDP, in Rivers State has raised alarm over alleged plot by opposition politicians in the state to connive with a communication service provider in the country to send bulk sms with phone numbers of PDP chieftains in the state, threatening staff of Independent National Electoral Commission, INEC, to ensure that PDP candidates won the last December 10 re-run elections in the state.

Clark blasts anti-graft agencies, Judiciary

Clark blasts anti-graft agencies, Judiciary

IJAW leader, Chief Edwin Clark, has said that anti-graft agencies in the country will sink the “genuine anti-corruption fight” by President Muhammadu Buhari, unless those heading the agencies live above board.