Some Nigerians have stirred controversy over currency printing, but a don, sees nothing wrong in it, it is fundamental function of apex banks the world over.

Reject old, smaller denomination U.S dollars at your risk, CBN warns DMBs, BDCs

CBN moves to correct vexatious rejection of old, lower denomination of American currency, dollars.

Nigeria to sanction violators of Expatriate Quota rules

Tanko Mohammed The Minister of Interior, Rauf Aregbesola, has said that the Federal Government was set to sanction any foreign organisation who breached the country’s Expatriate Quota rule. Expatriate Quota is the total number of quota given to foreign companies within which to operate in the country. Aregbesola gave the…

Manufacturers seek creation of industrial clusters in Delta

Loveth Okoli The Manufacturers Association of Nigeria (MAN), Edo/Delta chapter, has called on the Delta Government to create industrial clusters with steady power supply across the state. Dr Okwara Udensi, the Chairman of the chapter, made the request during a courtesy visit to the Delta Commissioner for Trade and Investment,…

Osinbajo advises world leaders to consider the poor in addressing economy, health issues

Tanko Mohammed Vice President Yemi Osinbajo has advised that in building a fairer world that takes into account the interest of the poor, the marginsalized, and a world that does not impose unfair burdens on developing countries, the principle of fairness must be applied by leaders in addressing challenges in…

Why Nigeria’s trade with France dropped by $2.3bn

  Tanko Mohammed   The French Government has said its volume of bilateral trade with Nigeria in year 2020 dropped to $2.3 billion dollar.   The French Minister in charge of Foreign Trade and Attractiveness, Mr Frank Riester, disclosed this during his meeting with the Nigeria Governors’ Forum (NGF) in…

Alarm: Illicit financial flows damage Nigerian economy

Tanko Mohammed Nigeria alone accounts for $18 billion out of the annual $88.6 which illicit financial flows rob Africa each year. In its Africa Report 2020, UNCTAD’s Economic Development, states that the billions lost annually to illicit financial flows (IFFs) are almost equal to Official Development Assistance (ODA) and Foreign…

Nigeria sacks police boss after separatists’ attacks on police command, prisons

President Buhari sacks Inspector General of Police after the embarrassing attacks on Imo police command, and correctional centre.

Contract for rehabilitation of Port Harcourt refinery signed, Warri and others later in 2021

Nigeria signs contract with Italian firm to rehabilitate ailing Port Harcourt refinery, plans to repair others later in the year.

78-year-old Buhari makes 12th medical trip to London

Tanko Mohammed The 78-year-old Nigerian leader, President Muhammadu Buhari, would on Tuesday take-off to London for routine medical check-up , the twelfth since he became president on May 29, 2015. According to Mr Femi Adesina, Special Adviser to the President (Media and Publicity), Buhari would leave Abuja on March 30,…

World Bank predicts a rise by 3.4% in Sub-Saharan Africa’s growth

Tanko Mohammed The World Bank says economic growth in Sub-Saharan Africa is expected to rise between 2.3 per cent and 3.4 per cent in 2021. It said this in its Africa Pulse, a publication on Africa’s economy titled “The Future of Work in Africa: Emerging Trends in Digital Technology Adoption”…

Buhari issues fresh orders to crush bandits, kidnappers

Tanko Mohammed Shortly before his departure for medical check-up in London, President Muhammadu Buhari has ordered security chiefs to identify and crush heads of bandits, kidnappers and their local collaborators to restore confidence in the society The president gave the order when he met the security chiefs at the State…

Nigeria plans to increase petrol pump price despite spike in inflation, unemployment

Tanko Mohammed With increasing unemployment and inflation rising to a four-year high of 17 percent, Nigeria is meeting with its 36 governors and organised labour to consider another increase in pump price of petrol to free $300 million monthly subsidy. The plan increase in pump price, the third in 2021,…