Delay in confirmation of Uduk as DG SEC worrisome, Akwa Ibom community decries

The indigenes of Akwa Ibom resident in the FCT have appealed to President Muhammadu Buhari to forward to the National Assembly the name of acting Director General of Security and Exchange Commission (SEC) Mrs. Mary Joseph Uduk for immediate confirmation as the substantive DG of the Commission. This is even as the indigenes under the aegis of Akwa Ibom Community Abuja are alleging that the delay in the confirmation of Mrs. Uduk is on the account that she is from the minority ethnic group, urging President Buhari to further strengthen…

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Fears as NIWA Begins Concession Process of Onitsha Port

The Managing Director of the National Inland Waterways Authority (NIWA), Dr George Moghalu has given a strong indication that a strategic process is ongoing for the emergence of the preferred concessionaire of Onitsha River Port.Recall that the process had remained stalled since the build up to 2015 general elections, but became completely abandoned immediately former President Goodluck Jonathan lost the presidential election. Since the inauguration of President Muhammadu Buhari’s first term, South East Business Leaders had been clamouring for the activation of the Port complex for ease of shipping business.…

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First Bank, Heritage Bank and Polaris Bank set for mega merger

Nigeria will soon witness another round of merger and acquisition in the banking sector as financial advisers are putting finishing touches to a merger arrangement between First Bank of Nigeria, Heritage Bank and Polaris Bank. A source privy to the merger told our correspondent that both Polaris and Heritage have been looking for a worthy bank to do business with as they have been told by the apex bank, the Central Bank of Nigeria (CBN), after a round of stress test in banks last year to shape up or lose…

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“We have achieved food security, and for physical security we are not doing badly” Buhari

President Muhammadu Buhari says the directive to the Central Bank of Nigeria to stop providing foreign exchange for food importation was to improve agricultural production and attain full food security. Malam Garba Shehu, the President’s spokesman in a statement, said Buhari stated this when he hosted All Progressives Congress (APC) governors to Eid-el-Kabir lunch at his country home in Daura, Katsina state on Tuesday. According to the president, the foreign reserve will be used strictly for diversification of the economy and not for encouraging more dependence on foreign food. “Don’t…

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APC bigwigs fighting to cripple the anti-corruption war, Obono-Obla cries out

Chairman of the Special Presidential Investigation Panel on the Recovery of Public Property, Mr. Okoi Obono-Obla has cried out that internal sabotage within the ruling All Progressives Congress, APC to cripple the anti-corruption fight of the Muhammadu Buhari administration. Okoi Obono-obla disclosed this while reacting to the sealing of the committee’s office in Abuja, Obono-Obla said that it followed the pattern of interference of the work of the committee by persons within the administration. Meanwhile, uncertainty has continued to surround the position of Obono-Obla as thepresidency is still mute on…

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CBN laments insufficient power supply in Nigeria

The Central Bank of Nigeria (CBN) says some firms in the country have identified insufficient power supply, high interest rates and unfavourable economic climate as major factors that constrained businesses in July. Other factors, according to the bank, include financial problems, insufficient demand and unclear economic laws. The CBN made the observations in its July edition of Monthly Business Expectations Survey (BES) Report released by its Statistics Department and posted on its Website. The News Agency of Nigeria (NAN) reports that the survey, with a sample size of 1,050 businesses…

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RUGA: Gov. Obiano To provide aids for Farmers On Cattle Breeding

Anambra state government said it would provide aids for farmers in the state willing to venture into full scale cattle breeding with emphasis on breeding Igbo specie cow popularly known as Efi Igbo. Commissioner for Agriculture, Mechanisation Processing and Export, Nnamdi Onukwuba made the disclosure weekend while visiting Eagle Food Processing Industries in Umuchu, Aguata local government area of the State. He said the Obiano-led administration was ready to make livestock grazing a serious business, most especially the rearing of the Igbo cow. He added that government was already making…

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We don’t need any foreign airline to establish a new national carrier – Onyema

Allen Onyema, the chairman of Air Peace, says Nigeria does not need the assistance of any foreign airline to establish a new national carrier. Onyema made this statement while speaking at the 23rd annual conference of the League of Airports and Aviation Correspondents (LAAC) on Wednesday in Ikeja. He said the recent claim by Ethiopian Airlines that it was in talks with the federal government to establish an airline in Nigeria was an affront to the country. The federal government had suspended plans to launch a national carrier in 2018.…

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Modern day slavery in Ecobank, Organised labour protests over sack of 1000 workers

Organised labour on Thursday protested at the Ahmadu Bello Way, Victoria Island headquarters of Ecobank, picketing the establishment over the firing of 1000 workers. The ongoing protest began at about 7 a.m. Gummmsuuu12@gummmsuuu12 Ohh my Goddess Nigerians imagine modern day slavery in http://Ecobank.MD  patrick Akinwutan is denying it that there is no third party employment and the MD is denying it that he dnt sack any one pls Nigerians watch the video clips on situation all round Ecobank branches9:43 AM – Jul 11, 2019See Gummmsuuu12’s other TweetsTwitter Ads info and…

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Buhari has invested N900bn on power since 2015 – Osinbajo

Vice-President Yemi Osinbajo says the current administration has invested N900 billion in the power sector since it assumed office in 2015. Osinbajo spoke when he paid a courtesy visit on Chike Edozien, the Asagba of Asaba, on Friday. ”Since assumption of office, we have invested so far in terms of support N700 billion in the power sector. Earlier, we invested N200 billion,” he said. The vice president said the federal government was in the process of investing another N600 billion in the sector. On further steps to improve power supply…

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