Day: June 15, 2016

CBN Finally Floats Naira

Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, has announced the floating of the country’s official currency, Naira. The nation’s chief banker announced this on Wednesday in Abuja at a press conference. With the latest policy, which takes full effect on June 20, 2016, the Naira exchange rate will now be market-driven. Also, it is…

N3b YIEDP: Heritage Bank Shortlists Over 1500

Heritage Bank’s partnership with the Central Bank of Nigeria, CBN, in the N3billion Youth Innovative Entrepreneurship Development Programme, YIEDP, to empower young graduates has kicked into its second phase with the invitation of over 1500 applicants for a training workshop this week. Following the inauguration of the initiative by the CBN and the subsequent launch…

PHOTOS: Oyo Workers Protest Ajimobi’s Policies

Several workers in Oyo State on Wednesday, June 15, 2016, trooped out en masse to kick against some policies of the Abiola Ajimobi-led administration, which they termed anti-workers. The aggrieved employees in the civil service of the state protested under the umbrella of the Nigerian Labour Congress, NLC. They stormed several streets in the capital…

Another Fuel Scarcity Looms In Nigeria

If the threat by owners of mega fuel stations in Nigeria under the aegis of Mega Filling Station Owners of Nigeria, AMFSON, is anything to go by, then Nigerians will have to prepare for another round of scarcity of petrol. This is because the body has vowed to shut down operations if the Federal Government…

EFCC To Drill Sheriff Over Campaign Funds

Controversial National Chairman of the Peoples Democratic Party, PDP, Ali Modu Sheriff, has been invited by the Economic and Financial Crimes Commission, EFCC, to explain his role in the interaction on the N450 million allocated to Borno State from the N23.29 billion campaign funds allegedly facilitated by ex-Minister of Petroleum Resources Mrs Diezani Alison-Madueke. It…

MRS Truck Crushes Tricycle Rider To Death In Lagos

A truck belonging to an oil company, MRS, allegedly killed a yet-to-be identified man on Wednesday morning in Lagos. According to an eyewitness, who simply identified himself as Tade Ogunwunmi, the unfortunate incident occurred in the Oke Afa area of the state. Ogunwunmi claimed the heavy duty vehicle crushed the man, riding a tricycle commonly…