archiveDecember 2018

Over the abuse of 41 items access to Foreign Exchange (FX), the Central Bank of Nigeria (CBN) has said, corporate entities and their directors will be blacklisted from operating in the country’s financial transactions. Other sanctions by the apex bank include closure of their bank accounts; and restricting them from...

  The Council of the Islamic Financial Services Board (IFSB) which has its headquarters in Kuala Lumpur, Malaysia, has admitted the Nigeria Deposit Insurance Corporation (NDIC) as a full member of the board. The NDIC joins the Central Bank of Nigeria (CBN) as the other Nigerian institution on the Board...

        The Debt Management Office (DMO), has called for more private sector involvement in sovereign sukuk, to boost infrastructure development and support Federal Government’s efforts towards sustainable economy. With the success recorded on the first N100 billion Sukuk bond issued last year, the Federal Government, the DMO...

  Warns against panic buying   The Nigerian National Petroleum Corporation (NPPC) says it has 2.6 billion litres of petroleum products offshore and onshore in Lagos State to meet the nation’s demands. Mr Isiaka Abudulrasaq, the Chief Financial Officer of NNPC gave the assurance in an interactive session with journalists...

  The Central Bank of Nigeria (CBN) on Monday, added fertiliser to the list of items classified as “Not Valid for Foreign Exchange.” The CBN Director, Trade & Exchange Department, Mr. Ahmed Umar, said in an official circular to all authorised dealers and the general public that effective Friday, December...

    A former President of the Nigerian Bar Association (NBA), Mr. Olisa Agbakoba (SAN), has urged the National Assembly to override President Muhammadu Buhari’s veto on the 2018 Electoral Act. Agbakoba, in a letter to the legislators, said Buhari’s reason for withholding assent to the bill did not make...

    The Speaker of the House of Representatives, Yakubu Dogara, has condemned the distribution of cash to Nigerians by the federal government very close to the general elections. Mr Dogara stated this on Monday during a public hearing organised by the National Assembly Joint Committee on INEC and Political...

A claim that Nigeria is the world’s ‘highest producer of HIV-infected babies’ made by the Minister of Health, Prof. Isaac Adewole, has been confirmed as accurate. At the inauguration of a project to reduce mother-to-child transmission of HIV in Nigeria, Adewole said, “There is absolutely no reason why Nigeria should...

For demonstrating courage and doggedness in releasing video clips that portray Governor Umar Ganduje of Kano state receiving bribes from contractors, the Publisher of Daily Nigerian, an online news medium, Mr. Jaafar Jaafar, has bagged 2018 Integrity Award. The award, which was presented on Sunday at a gala night in...

The Minister of Information and Culture, Lai Mohammed on Monday declared that President Muhammadu Buhari would defeat the Peoples Democratic Party, PDP, presidential candidate, Atiku Abubakar, despite his endorsement by former President Olusegun Obasanjo. Mohammed made the boast during a media briefing on the current developments in the polity in...