Our banks need help
Any economy is as strong as its banks. So, if this is “our worst possible time”, then no sector of the economy reflects our situation better than our banks. That many are hanging on the ropes is obvious. We will mention a few reasons they may be in this situation for a long time to provide food for thought for the Federal Government and the Central Bank of Nigeria (CBN).
Ex-militants threaten CBN over stipend arrears
BOMADI—Niger Delta ex-militant leaders under the Federal Government amnesty programme, have given the Central Bank of Nigeria, CBN, a seven-day ultimatum to pay up their outstanding three months stipends, warning that failure to comply would amount to the shutting down of all CBN offices in the Niger Delta region.
National Bureau of Statistics x-rays telecom sector
Like a beacon of light on a very dark night, the telecommunications sector seems to be booming at a time when everything else in Nigeria’s economy is dwindling significantly.
Imo Speaker threatens Enugu EDC over epileptic power supply
The Speaker of Imo State House of Assembly, Chief Acho Ihim, has threatened that Imolites may be forced to opt for the Port Harcourt Electricity Distribution Company, PHEDC, if the management of Enugu Electricity Distribution Company, EEDC, fails to improve power supply to consumers in the state.
Ikpeazu to link Abia, A-Ibom with new 7.5km road
IN his effort to open up the State for more investments, Abia State Governor, Dr. Okezie Ikpeazu has promised to construct a 7.5 km access road to link its neighbouring Akwa Ibom State.
Ambode wants FG to legalise Peace Corps to tackle insecurity
Lagos State Governor, Mr. Akinwunmi Ambode has urged the Federal Government to give legal backing for the establishment of Peace Corps of Nigeria, PCN, saying such would go a long way in tackling the problems of insurgency, kidnapping and other crimes confronting Nigeria.
