Jaiz Bank: Clear tactics by Customs to deny Nigerians access to ongoing e-Auction?
The continued access to the Nigerian Customs Service (NCS) e-auction portal only from the not well known and poor branch networked Jaiz Bank for one week running has been viewed by many Nigerians as a deliberate strategy by the leadership…
3 bank officials, 3 telecoms staff, 4 others nabbed on N150m fraud
Convincing indications have emerged that in every electronic fraud effectively carried out in a bank, there is always an insider accomplice and telecom company officials. On Monday, the Police Special Fraud Unit (PSFU) in Lagos announced the arrest of 11…
How CBN rubbished Muoghalu’s ‘prophesy of doom’, now seeks single digit inflation
In far away December last year, Kingsley Moghalu, former deputy governor of Central Bank of Nigeria (CBN), described the flexible foreign exchange policy of the Godwin Emefiele led CBN as damaging and questionable. Whereas he immediately called on President Muhammadu…
DFID Report on impacts of CBN’s monetary policy show mixed feelings in farming
Though the report was tailored to how the import ban on agricultural value chain specifically in Niger Delta affected different farming activities, the soul of the document shows that farmers in the region met varying degrees of hiccups. The survey…
Rowdy activities expected today in seaports as maritime workers protest new bill
Security agencies will today, Tuesday have a lot in their hands to contend especially around the seaports formations and allied areas where maritime workers ply their trade as they are set to put paid to their announced plans to stage…
NPA gives dates, venues for resumption of verification, audit for pensioners
As part of its ongoing reforms, the management of the Nigerian Ports Authority (NPA) has notified all its retirees of planned physical and biometric verification exercise for year 2017, nationwide. In a statement posted on its website, the managing director…
Pressure from failed Mokwa-Jeba Bridge may collapse Abuja-Lokoja highway
Since the washing away of the Mokwa-Jebba Bridge by the rains, unprecedented articulated vehicular movement has taken over the ever busy Abuja-Lokoja highway which is the only northern link to Lagos. Otherwise, the heavy trucks which used to ply the…
Anxiety thickens over move by JMMC to ask Nigeria cap oil output soon
As part of new moves driven by Russia and others to work towards raising dwindling oil price, indications emerged on Monday that Nigeria and Libya may soon be invited to a meeting of the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC)…
Global oil price on recovery trends as market remains under pressure
Oil prices recovered some losses on Monday after a three percent fall in the previous session, but markets remain under pressure from high drilling activity in the United States and ample supplies from producer club OPEC. Brent crude futures, the…
Host communities drag FG, PSML to court over sale of DSC assets without their input
Doing things in host communities with recourse to the people by the federal government has continued to be a big issue in Nigeria over a long time especially in volatile oil communities. This time, towns hosting defunct Delta Steel Company…
