A currency trader, who pleaded anonymity, said the situation might further erode the gains made by the Central Bank of Nigeria in ensuring the sale of the proceeds of Diaspora remittances to the Bureau De Change operators
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The chairman said the best way to generate employment and improve the standard of living for Nigerians was to pump more funds to boost SMEs as the engine of growth and higher employers of labour than large companies
Alhaji Abubakar Buba-Biri, the Gombe State Commissioner for Agriculture, made the disclosure in an interview with the News Agency of Nigeria in Gombe on Wednesday
At the Bureau De Change window, the nation’s currency traded at N385 to a dollar, Central Bank of Nigeria controlled rate, while the Pound Sterling and the Euro closed at N564 and N509 respectively
The agreement is for ICMG to provide 12kg of improved seedlings and two bags of fertiliser to small farmers and 50 kg of seedlings and 10 bags of fertiliser to large farmers
Bagudu gave the assurance when he conducted round the Governor of Central Bank of Nigeria, Godwin Emefiele, who was on assessment tour to Kebbi State on Monday.
Although the numbers of the affected non-core staff were not stated since they are not direct employees of the bank, the reasons for the exit it was gathered ranged from non-performance, disciplinary issues as well as right sizing
Listed on the Alternative Securities Market of the Nigerian Stock Exchange, RAK Unity’s Board says it has its sights on delivering value to its customers and shareholders through cost and operational efficiency
The Senate called on the Ministry of Power, Works and Housing and the Nigeria Electricity Regulatory Commission to immediately halt the raising of the bonds by Nigeria Bulk Electricity Trading Company
The nine men were paraded on Monday at the Force Headquarters in Abuja, alongside the exhibit of the kidnap, which included cash of N14.725 million
The FSS report, posted on the CBN website on Saturday, also showed that the nation’s banks gave N1.537 trillion loans to oil companies and some state governments in the first six months of the year
The court also ruled that Oni forfeits all his properties and cash in various banks as proceeds of crime
Margaret and four other persons in her company were kidnapped on Friday along the Benin-Agbor Expressway by armed gunmen
Prof. Fabian Ajogwu, the counsel to the Federal Government, had accused the Anglo-Dutch company of not declaring or under-declaring crude oil shipments during the period, following forensic analysis of bills of laden and shipping documents
Margaret was kidnapped on Thursday on the Benin-Agbor Expressway by heavily armed gunmen
As reported earlier, the Inspector General of Police Intelligence Response Team has been deployed alongside other crack detectives of the Nigeria Police to rescue the victims
Impeccable sources told The Eagle Online that the demand was made shortly after the kidnap of Margaret on Thursday
Following the development, other accused persons in the charge pleaded with the trial judge to adjourn proceedings till when the plea bargain agreement would have been consummated
The farm is expected to cover 10,000 hectares of land and generate 30,000 job opportunities
Traders at the market said the scarcity of the greenback was still haunting the market