Year: 2017

  • CBN, RIFAN to crash rice prices

    CBN, RIFAN to crash rice prices

    By Correspondent The National President, Rice Farmers Association (RIFAN), Alhaji Aminu Goronye has assured Nigerians that the market prices of locally produced rice will soon crash explaining that the price of a 50kg-bag of locally produced rice would plummet from N18, 000 to between N6, 500 and N7000 by April 2018. According to him the…

  • NEPZA licenses 3 new Free Trade Zones

    NEPZA licenses 3 new Free Trade Zones

    By Our Correspondent The Managing Director of Nigeria Export Processing Zones Authority (NEPZA), Mr Emmanuel Jime has said the authority has licensed three new Free Trade Zones (FTZs). Jime who announced this in a statement signed by the Head, Corporate Communications of the Authority, Mr Simon Imobo-Tswam in Abuja the names of the new FTZs…

  • Economist forecasts better performance for Naira

    Economist forecasts better performance for Naira

    By Our Correrspondent with agency reports An economist, Prof. Hassan Oaikhenan of the Department of Economics and Statistics, University of Benin, said the foreign exchange environment would likely witness some favourable effects in 2018. He predicted that there would be massive inflow of foreign exchange into the country as politicians would need them to fund…

  • My Administration Will Be Development Driven- New IEDPU President

    My Administration Will Be Development Driven- New IEDPU President

    By Steve Oni, Ilorin The newly elected President of the umbrella body of all socio – cultural organisations in Ilorin Emirate, the Ilorin Emirate Descendants Progressive Union (IEDPU), Ambassador Sheik AbdulAzeez Uthman, has declared that his administration would be development-driven. Uthman, who spoke after the inauguration of the new executives of the union in Ilorin,…

  • Emefiele’s Ingenuity Improves Nigeria’s Equity Market – CNN

    Emefiele’s Ingenuity Improves Nigeria’s Equity Market – CNN

    By Our Correspondent with agency reports The ingenuity of Governor Godwin Emefiele, the head of the Central Bank of Nigeria, CBN, in the management of the foreign exchange market helped notch Nigeria’s stock market to be amongst the five (5) top performers in 2017, topping equities markets of most major European, Middle Eastern and Asian…

  • NBC Warns Broadcasting Stations against Airing Hate Speeches

    NBC Warns Broadcasting Stations against Airing Hate Speeches

    By Steve Oni, Ilorin Ahead of 2019 general elections, the National Broadcasting Commission (NBC) has warned broadcasting stations in Nigeria against airing or broadcasting hate speeches. It said stiff penalty awaits any radio or television station that indulges in such act. The Managing Director of NBC, Mallam Modibbo Ishaq Kawu issued the warning on Wednesday…

  • SON Redoubles Effort to Rid Nigeria of Substandard Goods

    By Sule Aliyu, Bauchi In a renewed effort to check the proliferation of substandard goods in the Nigerian markets, Standards Organization of Nigeria (SON) has organized a Sectoral Stakeholders Workshop in Bauchi. Theme “Reduction of Substandard Goods in Nigeria” SON charged Consumers of goods and services in the northeast region to always identify and report…

  • Bauchi partners Chinese investors for 100mw solar project, others

    Bauchi partners Chinese investors for 100mw solar project, others

    By Sule Aliyu, Bauch The Bauchi State government has signed a $1 billion memorandum of strategic cooperation on investment potentials with Chinese investors. The investments are in the areas of agriculture, solid minerals and tourism and the establishment of 100mw solar power project with Chinese investors. A statement by Abubakar Al-Sadique, the press Secretary to…

  • N2.5 billion Fraud: Tension as Visitation Panel Visit UNIBEN, Auchipoly

    N2.5 billion Fraud: Tension as Visitation Panel Visit UNIBEN, Auchipoly

    By Ikhili Monday EBALU, Benin City Ahead of the Federal Ministry of Education visitation panel’s trip to look into the many allegations of fraud involving the two institutions, tension has gripped the management of the University of Benin and the Federal Polytechnic Auchi both in Edo state. Indications are the panels which have since received…

  • Corrupt Judges Would Soon Be Prosecuted – Justice Umar

    Corrupt Judges Would Soon Be Prosecuted – Justice Umar

    By Sule Aliyu, Bauchi As the Judiciary grapples with the cases of corruption among judges in the country, the Hon. Chief Judge of Bauchi State, Justice Rabi Umar, has declared that corrupt Magistrate and Shariah Judges in Bauchi State will soon be sanctioned severely. She said that the corrupt and indolent Judges are known and…