Trouble started when Access Bank asked for repayment of the facility in dollars due to exchange rate fluctuation.
According to the Chief Operating officer of African Petroleum Plc, Mr. Tunde Falasinnu, Access Bank had requested that the petroleum marketing firm be wound up for failure to pay a debt of about $35 million.

By Tony Edike ENUGU – ANGLICAN Bishop of Enugu Diocese, Rt. Rev. Dr. Emmanuel Chukwuma, yesterday, condemned the sale of babies by some unscrupulous persons in the country. Speaking in a radio programme in Enugu, Dr Chukwuma advised families wishing to adopt children to follow due process, stressing that the sale of babies is not […]

By Inalegwu Shaibu ABUJA — The Senate Committee on Health, yesterday, heard that an estimated 6.5 million Nigerians are on death row due to tobacco addiction. This figure was given by Mr. Aknibode Oluwafemi, Programme Manager of Environmental Rights Actions/Friends of the Earth in a presentation to the Senate Committee on Health at the two-day […]

By Olasunkanmi Akoni LAGOS  -  Religious leaders in Lagos rose stoutly against the planned imposition of taxes on donations made to religious bodies, describing it as unconstitutional and counter productive. The state government has concluded plans to impose taxes on income accruable to religious leaders and organisations, arguing that they all make use infrastructure built […]

By  Vincent Ujumadu AWKA – THE Managing Director of the World Bank, Dr. Ngozi Okonji-Iweala has said in Awka, that Governor Peter Obi’s fiscal management style has portrayed  him as the most fiscal responsible Governor in Nigeria, which she observed, has enabled him use public funds for public good. The World Bank boss, who was […]