Policy

AMCON To Lease Out Seized Property
Policy

AMCON To Lease Out Seized Property

The Asset Management Company of Nigeria, AMCON said it will lease out most the assets it has seized from chronic debtors. The corporation plans to set up a real estate investment scheme towards the end of the year. AMCON was created to absorb all the bad loans from distressed banks […]

New Forex Policy Shuts Out Money Transfer Operators
Policy

New Forex Policy Shuts Out Money Transfer Operators

WorldRemit, one of the online remittance provider, widely patronised by Nigerian, is calling for the urgent restoration of money transfers to Nigeria. The company said the ‘draconian new rules leave virtually all money transfer operators MTOs unable to provide services to the West African country’. According to the company, only three […]

Meet Olabiyi Durojaiye: The New NCC Chairman
Policy

Meet Olabiyi Durojaiye: The New NCC Chairman

Senator Olabiyi Durojaiye has just being appointed as the new Chairman of the Nigerian Communications Commission,NCC but not many people are familiar with his pedigree. Olabiyi Durojaiye was elected Senator for the Ogun East constituency of Ogun State, Nigeria at the start of the Nigerian Fourth Republic, running on the Alliance […]

Buhari Appoints Olabiyi Durojaiye As NCC Chairman
Policy

Buhari Appoints Olabiyi Durojaiye As NCC Chairman

The federal government has written for the approval of the Senate to confirm Olabiyi Durojaiye as the Chairman for Nigerian Communications Commission, NCC. In a press release circulated by the special adviser to the president on media: President Muhammadu Buhari has requested the Senate to confirm nominees into positions of […]

CBN Plans A Joint Committee With Police
Policy

CBN Plans A Joint Committee With Police

The Governor, Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has canvassed the resuscitation of the Inter-Agency Committee to improve on the logistic needs of the Nigeria Police. He made the call in Abuja on Tuesday, August 2, 2016, when the Acting Inspector General of Police, Mr. Ibrahim Idris and […]

Tomato Prices Crash Back To Normal
Policy

Tomato Prices Crash Back To Normal

Tomato prices have crashed back to NGN800 per basket from the NGN18,000 price it was some weeks ago. This is a good news for Nigerians in the midst of the highest. Nigerian tomato farmers were plunged into a minimum loss of NGN1 billion when moths attacked tomato farms across the […]

Nigeria Reaches Agreement With MEND
Policy

Nigeria Reaches Agreement With MEND

In swift turn of events, the federal government of Nigeria must have reached an all-encompassing agreement with the Movement for the Emancipation of the Niger Delta. In a statement released by Jomo Gbomo, the spokesperson for MEND, he said: “The Movement for the Emancipation of the Niger Delta (MEND) is […]

Nigeria Cuts Losses To eFraud By 63%
Policy

Nigeria Cuts Losses To eFraud By 63%

Nigeria has reduced financial losses to electronic fraud, eFraud by 63%. This is contained in the Nigeria electronic Fraud Forum, NeFF, 2015 report. The report also said attempted eFraud was reduced by 43% between 2014 and 2015 respectively. The report said measures put in place to fight fraudsters is yielding […]

MPC Hikes MPR To 14% To Fight Inflation
Policy

MPC Hikes MPR To 14% To Fight Inflation

The much awaited Monetary Policy Committee, MPC meeting has come and gone. The decision is a fight against inflation and another tougher times for the financial markets as CBN hikes MPR from 12% to 14%. Before now, various analysts had predicted a cut in interest rates to increase lending and […]