Author: Our Reporter

By Olugbenga Bamidele, Lagos Barring any unforeseen circumstances, the naira will trade at N415 to a dollar as the series of intervention by the Central Bank of Nigeria are sustained. The President, Association of Bureau De Change Operators of Nigeria, Alhaji Aminu Gwadabe who spoke in Lagos said that the new Forex policy had eliminated…

By Our Correspondent Following violent attack on Zaki Biam International Market in Ukum Local Government Area of Benue State, the number of persons killed has risen to 52. It was reliably gathered that the attackers operated for about three hours without response from security operatives. Locals who spoke on the attack said that 13 persons…

By Naomi Douglas There was a mild drama at the Federal High Court on Monday, March 20, following the arraignment of Ambassador Dr Dickson Akoh, the Commandant of the newly established Peace Corps of Nigeria Akoh was brought to the court for arraignment before Justice Gabriel Kolawole of the Federal High Court earlier but while…

By Ikhili Monday EBALU, Benin City Governor Godwin Obaseki of Edo state has offered full scholarship to the only child of ex-council chairman of Etsako East local government area, late Prince Suleiman Afegbua who was shot dead along Benin-Auchi Road on Thursday by unidentified gunmen. Besides, governor Obaseki said, “Even if Suleiman is gone, I…

By Aaron Ossai The Speaker of the House of Representatives, Hon. Yakubu Dogara, has said that the establishment of the Federal Competition and Consumer Protection Commission as passed by the House will help pull Nigeria out of recession. Commenting on the passage of the Bill by the House last week, Dogara stated that the two…

By Joseph INOKOTONG Transcorp Hotels Plc has announced profit after tax of N4.5 billion at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. According to a statement, the Shareholders at the meeting commended the management and staff of the Company for recording a strong financial and operational performance in the financial…

By Joseph INOKOTONG with agency report Money deposit banks have expressed worries on whether to fully outsource their data centre operations or get theirs certified to the required standard in view of security and control concerns as they race to meet with Central Bank of Nigeria (CBN) directive to adopt tier 111 data centre standard…

By Joseph INOKOTONG with agency report The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spearheaded the “backward integration policy” introduced by the government. The Minister for Solid Minerals Development, Kayode Fayemi, who…

By Joseph INOKOTONG Nissan India exported a total of 700,000 “Made in India” Nissan and Datsun cars to 106 countries, between 2010 and 2017. The company explained that this landmark was accomplished in a record span of seven years since the company began exports from India. The cars, manufactured at the Renault-Nissan Automotive India Ltd.…

By Joseph INOKOTONG The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has urged the country’s monetary and fiscal authorities to collaborate and work in harmony to accelerate Nigeria’s economic development. Emefiele made the call in a statement signed by CBN’s acting Director, Corporate Communications on Sunday in Abuja. The CBN governor…