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Current business environment not ready for CBN cashless policy, OPS warns

Current business environment not ready for CBN cashless policy, OPS warns

The Organised Private Sector, OPS, has warned against immediate deployment of cashless policy as directed by the Central Bank of Nigeria, CBN. It said “the current business environment and available infrastructure are not ready for such deployment.” In a statement by Director General of Nigeria Employers’ Consultative Association, NECA, Mr. Timothy Olawale, OPS argued that several sub-sectors of the economy ... Read More »

FG approaches World Bank for another $2.5bn loan

FG approaches World Bank for another $2.5bn loan

The Federal Government is currently discussing with the World Bank for a fresh $2.5bn loan. World Bank Vice President for Africa, Hafez Ghanem, disclosed this in an interview in Abuja on Wednesday, Bloomberg reported. Nigeria received $2.4bn from the World Bank in the past year, according to Ghanem. “We are talking about a new set of programmes of about the ... Read More »

Increase social investment, World Bank advises FG

Increase social investment, World Bank advises FG

The World Bank has advised Nigeria to scale up its social investment programmes to address the large number of people living in extreme poverty. The World Bank Country Director, Mr Rachid Benmessaoud, said this on Friday at the inauguration of the Africa Social Safety Nets Report by the National Social Safety Nets Coordinating Office and World Bank, the News Agency ... Read More »

Reps Committee Calls For Immediate Action On Itu-Odukpani-Calabar Road

Reps Committee Calls For Immediate Action On Itu-Odukpani-Calabar Road

  Members of the House of Representatives’ Committee to determine why the eastern  port complexes of Warri,Calabar,Port Harcourt, Onne and the inland port of Onitsha are not being put to maximum use have called on the Federal Government to pay urgent attention to the Itu-Odukpani-Calabar Road. The committee noted that the condition of the road,which has been in the budget ... Read More »

Seven Boko Haram/ISWAP key commanders killed in Lake Chad region- Army

Seven Boko Haram/ISWAP key commanders killed in Lake Chad region- Army

BY INUSA NDAHI, MAIDUGURI The Multi National Joint Task Force (MNJTF) and the Nigerian Armed Forces are in celebration mood today, Friday and have been basking in the successes of their combined efforts of artillery and air bombardments of suspected hideouts of Boko Haram/ISWAP at the Tumbus of Lake Chad region that neutralized many terrorists, including key commanders. It was ... Read More »

Invasion of premises: Company faults Total Plc, petitions IGP

Invasion of premises: Company faults Total Plc, petitions IGP

  IGP Adamu* By Ade Ademiju, Ado -Ekiti Automatic Fits and Energy Limited through its lawyer, Barrister Oludare Falana has petitioned the Inspector General of Police over an alleged outright disregard of court order, displayed by men of the Nigeria Police, Lagos State  Command, in the invasion of its business places across Lagos State and manhandling of its workers by police officers ... Read More »

Army Working Round To Frustrate Boko Haram Strategies – Commander

Army Working Round To Frustrate Boko Haram Strategies – Commander

  By INUSA Ndahi, Maiduguri The Theatre Commander Operation Lafiya Dole, Major General Olusegun Adeniyi has said that the military is working round the clock to ensure that all the strategies of Boko Haram will come to nothing. Adeniyi disclosed this on Thursday in Maiduguri during an inter-agency meeting held by the various security agencies and other stakeholders to chat ... Read More »

Some NGOs supplying terrorists with food, drugs in North East- Army

Some NGOs supplying terrorists with food, drugs in North East- Army

  BY INUSA NDAHI, MAIDUGURI The Theatre Command Operation LAFIYA DOLE (TC – OPLD)) has observed with utter disappointment and concern the notorious activities of some Non Governmental Organizations (NGO) working in the North East (NE) Nigeria. This was contained in a press statement on Thursday signed by Deputy Director Army Public Relations Operation LAFIYA DOLE, Col. Ado Is a and ... Read More »

Osun Assembly Whip celebrates outstanding young talents

Osun Assembly Whip celebrates outstanding young talents

In his resolve to identify and deepen discovery of unique young persons in the State of Osun, the Chief Whip of the State House of Assembly, Hon. Tunde Olatunji, has celebrated two exceptional young persons in Academic and Sport. They are both a product of his ‘Tunde Olatunji Education Support Initiatives. The two distinguished young persons are Akinpelu Rafiu, a ... Read More »

House asks CBN to stop charges on deposit plan

House asks CBN to stop charges on deposit plan

The House of Representatives yesterday urged the Central Bank of Nigeria (CBN) to stop implementation of the cashless policy on deposits and withdrawals by the Deposit Money Banks (DMBs). This followed the adoption of the prayers of a motion by Benjamin Okezie Kalu, by the House. According to the lawmaker, the extra charges policy on deposits and withdrawals must be ... Read More »

Oyo Gov. Approves Composition of State Electoral Commission

Oyo Gov. Approves Composition of State Electoral Commission

Oyo State Governor, Engineer Seyi Makinde, yesterday, approved the composition of the Oyo State Independent Electoral Commission (OYSIEC). A statement signed by the Chief Press Secretary to the Governor, Mr. Taiwo Adisa, indicated that the Governor, in a letter dated 18 September, 2019, forwarded the names of eight individuals to the House of Assembly, for consideration as chairman and members ... Read More »

Nigerians spent N1.2bn in cinemas in July, August

Nigerians spent N1.2bn in cinemas in July, August

Nigerians spent over N1,294,602,827 watching movies in the cinemas in July and August, the News Agency of Nigeria, NAN, reports. The figures are according to data provided by the cinemas and compiled by the Cinema Exhibitors Association of Nigeria (CEAN). ‘Bling Lagosians’ led the first week of July by raking in N37,409,372. It was one of the only two Nigerian ... Read More »

EFCC Nabs 25 LAUTECH Students For Internet Fraud

EFCC Nabs 25 LAUTECH Students For Internet Fraud

Operatives from the Advance Fee Fraud Unit of the Economic and Financial Crimes Commission have arrested 25 students of the Ladoke Akintola University of Technology, Ogbomosho, Oyo State, for alleged involvement in cybercrime, including romance scam, possession of forged documents and obtaining money by false pretences. The students, aged between 18 and 29, were arrested in their off-campus hostels following ... Read More »

End crude oil theft – President Buhari orders security chiefs

End crude oil theft – President Buhari orders security chiefs

President Muhammadu Buhari has ordered security chiefs to stop crude oil theft. The Inspector-General of Police Muhammed Adamu disclosed this after the security chiefs met with the President at the State House in Abuja. He said President Buhari specifically charged security agencies to intensify security along the petroleum pipelines and other facilities to check the menace. “Sequel to the improvement ... Read More »

FG, States, Councils Share N720.9 billion in August

FG, States, Councils Share N720.9 billion in August

The Federation Accounts Allocation Committee (FAAC), at its meeting yesterday, shared a total of N720.880 billion to the three tiers of government for the month of August 2019. A communique issued by FAAC indicated that from the total revenue of N720.880 billion, the Federal Government received N301.804 billion; States, N188.925 billion and the 774 Local Government Councils, N142.654 billion. The ... Read More »

AIG Oyebade Visits Olugbo, Canvasses Support For Community Policing

AIG Oyebade Visits Olugbo, Canvasses Support For Community Policing

  The Assistant Inspector-General of Police in charge of Zone XI, Osogbo, Adeleye Oyebade, on Wednesday,18th September, 2019 paid a courtesy visit to Oba (Dr) Frederick Obateru Akinruntan, the paramount ruler and prescribed authority, Olugbo of Ugboland. During the visit which was part of efforts to consolidate community policing philosophy of the Inspector-General of Police, Mohammed Adamu, Oyebade who was ... Read More »

Boko Haram: Borno Gov meets 60,000 refugees in Cameroon

Boko Haram: Borno Gov meets 60,000 refugees in Cameroon

  By Inusa Ndahi, Maiduguri Concerned about the welfare of citizens displaced by insurgent attacks, Borno’s Governor, Professor Babagana Umara Zulum was in the Republic of Cameroon from Tuesday to Wednesday, where he met more than 60,000 refugees who fled different parts of Borno in the wake of different attacks by the violent boko haram terror group. The visit focused ... Read More »

For the records: Text of address delivered at a press conference by HRM Jamiu Adewale Eletu  on the forthcoming Igba Irunmole Festival in Ekiti State

For the records: Text of address delivered at a press conference by HRM Jamiu Adewale Eletu on the forthcoming Igba Irunmole Festival in Ekiti State

  *Oba Adewale Eletu* TEXT OF THE ADDRESS OF THE HRM JAMIU ADEWALE ELETU, THE OBARISA AGBAYE IJO OLORISA PARAPO ATI ASA ADULAWO ORGANIZATION OF NIGERIA PRESENTED AT THE PRESS CONFERENCE ORGANISED IN RESPECT OF THE FORTHCOMING IGBA IRUNMOLE FESTIVAL IN EKITI STATE Our Distinguished members, Gentlemen of the Press, Ladies and gentlemen, It is with great pleasure and honour ... Read More »

Buhari re-appoints Adeyemi, Adeleye as aides to Information Minister

Buhari re-appoints Adeyemi, Adeleye as aides to Information Minister

  L-R: Alhaji Lai Mohammed and Mr Segun Adeyemi at an international conference* President Muhammadu Buhari has approved the re-appointment of Mr. Segun Adeyemi and Mr. Williams Adeleye as his Special Assistants (Media) attached to the Office of the Honourable Minister of Information and Culture. Their appointment letters, which were signed by the Secretary to the Government of the Federation, ... Read More »

Brent crude oil jumps the most in history after Saudi attacks

Brent crude oil jumps the most in history after Saudi attacks

Key Points • Iranian president Hassan Rouhani said the attacks on Aramco were a “reciprocal response” to the aggression against Yemen. • A Saudi-led military coalition said the attack was carried out by “Iranian weapons” and did not originate from Yemen. • President Donald Trump said he was authorizing the release of oil from the Strategic Petroleum Reserve to keep ... Read More »