“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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Nigeria stands to lose $145bn if we fail to enter marijuana market – Akeredolu

Governor Oluwarotimi Akeredolu of Ondo State Ondo state governor, Oluwarotimi Akeredolu, SAN, has raised an alarm that Nigeria may lose an estimated value of $145 billion by 2025 if it failed to tap into the legal marijuana market. The governor made this known via his verified twitter handle on Tuesday while reacting to some media reports that he was in Thailand to learn how to grow cannabis. Akeredolu who described Ondo state as the hot bed of cannabis cultivation in Nigeria, noted that how to grow cannabis is never a…

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Access Bank agrees to pay off $200m bond issued by Diamond

Access Bank has agreed that it would pay off a $200 million Eurobond issued by Diamond Bank in 2014. Diamond Bank had attempted to raise between $300 million and $350 million at the time to meet its funding requirements. However, it was cut back to $200 million after investor demand was not as high as expected. In a report published on Wednesday, Moody’s Investor Service said Access Bank has reduced the risk of default for investors by taking on the liability. Access Bank completed a merger process with Diamond Bank in…

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Ikpeazu administration is an evil government, Pay Abia Workers, CSO Issues An Ultimatum

Governor Okezie Ikpeazu’s administration recently was given an ultimatum by a civil society organisation, Abians for Good Governance, AGG  to pay Abia workers and pensioners their salary arrears or be ready to face the wrath of Abians. In the open letter to the government signed by  AGG covener, Obinna Don Norman, describing the Ikpeazu administration  as an evil government, stated  ”We can no longer watch your government continue to display this gross insensitivity towards the plight of our dying workers and frail pensioners”, thus the motive to storm Government House…

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