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The suspended Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has reacted to allegations of looting the NPA's yearly remittance operating surplus to the tune of N165billion. According to Usman, the figures of the yearly remittance arrived at by the Minister of Transportation, Chibuike Rotimi Amaechi were inflated.…
May 8, 2021
The Federal Government has explained why President Muhammadu Buhari approved the suspension of the Managing Director (MD) and Chief Executive Officer (CEO) of the Nigerian Ports Authority (NPA), Hadiza Bala Usman. Usman, who was reappointed by Buhari as the MD/CEO of the NPA in January, was suspended on Thursday, few months into the new tenure.…
May 7, 2021
The Central Bank of Nigeria (CBN), has announced the extension of the deadline of the Naira4Dollar policy. According the apex bank, the policy is to continue till further notice. The policy rewards Nigerians with N5 for every $1 they receive through the licensed International Money Transfer Operators (IMTOs). The apex bank introduced the policy on…
May 6, 2021
...Says Plan Suicidal The Federal Government has debunked viral reports suggesting a purported plan to cut wages of workers, stating that the government is rather planning to review the salary structure. Minister of finance, budget and national planning, Mrs. Zainab Ahmed, who disclosed this stated that the plan by the government to review the salary…
May 6, 2021
Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, Tuesday announced the appointment of four Deputy Directors-General. The former Nigerian Finance minister and Worl Bank Chief disclosed this in a statement titled: 'DG Okonjo-Iweala announces her four Deputy Directors-General', posted on WTO website on Tuesday. The names of the appointed Deputies include: Angela Ellard of…
May 5, 2021
Despite the significant rally in oil over the past couple of weeks, demand uncertainty continues to affect prices. The outbreak of the second wave of a new Covid-19 strain in India has particularly left the markets concerned about fuel demand in the world’s 3rd largest oil consumer. According to Indian state-owned refiner, Bharat Petroleum, overall fuel demand…
May 4, 2021
Vice President Yemi Osinbajo says Nigeria is to partner tech giant, Microsoft Corporation, to accelerate the Economic Sustainability Plan (ESP) on a deepened digital economy. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday, in Abuja, said that the vice president said this at the virtual formalisation of the partnership. The vice president said the…
May 3, 2021
The Honeywell Group owned by the business mogul, Dr. Oba Otudeko has reacted to the directive of the Central Bank of Nigeria (CBN) regarding an alleged breach of corporate contract in securing a loan said to be up to the tune of N77 billion from First Bank of Nigeria LTD. The New Diplomat had reported…
May 3, 2021
The Nigerian Consumers Protection Network (NCPN), has condemned reports of a planned major increase in the electricity tariff, describing it as unacceptable. The NCPN President, Kunle Kola Olubiyo, who is also a member of the Presidential ad-hoc Committee on Review of Electricity Tariff in Nigeria, in an open letter addressed to the Chairman, Nigerian…
May 3, 2021
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The suspended Managing Director and Chief Executive Officer of the Nigerian Ports Authority (NPA), Hadiza Bala Usman has reacted to allegations of looting the NPA's yearly remittance operating surplus to the tune of N165billion. According to Usman, the figures of the yearly remittance arrived at by the Minister of Transportation, Chibuike Rotimi Amaechi were inflated.…
May 8, 2021
The Federal Government has explained why President Muhammadu Buhari approved the suspension of the Managing Director (MD) and Chief Executive Officer (CEO) of the Nigerian Ports Authority (NPA), Hadiza Bala Usman. Usman, who was reappointed by Buhari as the MD/CEO of the NPA in January, was suspended on Thursday, few months into the new tenure.…
May 7, 2021
The Central Bank of Nigeria (CBN), has announced the extension of the deadline of the Naira4Dollar policy. According the apex bank, the policy is to continue till further notice. The policy rewards Nigerians with N5 for every $1 they receive through the licensed International Money Transfer Operators (IMTOs). The apex bank introduced the policy on…
May 6, 2021
...Says Plan Suicidal The Federal Government has debunked viral reports suggesting a purported plan to cut wages of workers, stating that the government is rather planning to review the salary structure. Minister of finance, budget and national planning, Mrs. Zainab Ahmed, who disclosed this stated that the plan by the government to review the salary…
May 6, 2021
Dr. Ngozi Okonjo-Iweala, Director-General of the World Trade Organisation, Tuesday announced the appointment of four Deputy Directors-General. The former Nigerian Finance minister and Worl Bank Chief disclosed this in a statement titled: 'DG Okonjo-Iweala announces her four Deputy Directors-General', posted on WTO website on Tuesday. The names of the appointed Deputies include: Angela Ellard of…
May 5, 2021
Despite the significant rally in oil over the past couple of weeks, demand uncertainty continues to affect prices. The outbreak of the second wave of a new Covid-19 strain in India has particularly left the markets concerned about fuel demand in the world’s 3rd largest oil consumer. According to Indian state-owned refiner, Bharat Petroleum, overall fuel demand…
May 4, 2021
Vice President Yemi Osinbajo says Nigeria is to partner tech giant, Microsoft Corporation, to accelerate the Economic Sustainability Plan (ESP) on a deepened digital economy. Osinbajo’s spokesman, Laolu Akande, in a statement on Monday, in Abuja, said that the vice president said this at the virtual formalisation of the partnership. The vice president said the…
May 3, 2021
The Honeywell Group owned by the business mogul, Dr. Oba Otudeko has reacted to the directive of the Central Bank of Nigeria (CBN) regarding an alleged breach of corporate contract in securing a loan said to be up to the tune of N77 billion from First Bank of Nigeria LTD. The New Diplomat had reported…
May 3, 2021
The Nigerian Consumers Protection Network (NCPN), has condemned reports of a planned major increase in the electricity tariff, describing it as unacceptable. The NCPN President, Kunle Kola Olubiyo, who is also a member of the Presidential ad-hoc Committee on Review of Electricity Tariff in Nigeria, in an open letter addressed to the Chairman, Nigerian…
May 3, 2021
