• USA Nigeria

    Dump multiple exchange rates, forex curbs, IMF tells FG

    Oyetunji Abioye The International Monetary Fund on Thursday urged the Federal Government to lift the remaining foreign exchange restrictions and scrap the system of multiple exchange rates in order to revive the Nigerian economy. The recommendation came in the Washington-based fund’s regular assessment of Nigeria’s economy. The report came on ...

  • Nigeria

    CBN increases forex sale to BDCs, releases fresh $100m

    Oyetunji Abioye and Ifeanyi Onuba The Central Bank of Nigeria on Thursday said it would from next Monday begin the sale of foreign exchange to Bureau De Change operators twice weekly. The Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor, who confirmed this, stated that the move was part ...

  • Nigeria

    FG extends 2016 capital budget implementation to May 5

    Ifeanyi Onuba, Abuja The Federal Government on Thursday extended the implementation of the capital component of the 2016 budget from March 31 to May 5, or till the passage of the 2017 budget, whichever is earliest. The Ministry of Finance said in a statement that already, the Accountant-General of the ...

  • Nigeria

    Senate’s armoured car defies economic sense

    Punch Editorial Board A controversial armoured vehicle bought by the Senate, but seized by the Nigeria Customs Service for evading correct duty payment, is yet another greasy mark on the National Assembly’s coat of many colours. Whether at the level of the lawmakers or the bureaucracy, our legislature has become ...

  • Nigeria

    ‘Traders must support initiative on environment’

    Afeez Hanafi The Iya Loja General of Nigeria, Chief Folashade Tinubu-Ojo, says it is important for traders in markets across Lagos State to partner the government in ensuring cleanliness in the state. She urged market men and women to support the Cleaner Lagos Initiative (CLI) of the state government, noting ...

  • Nigeria

    Nigeria’s economy gradually recovering, says Buhari

    Olalekan Adetayo, Abuja President Muhammadu Buhari on Thursday said the nation’s economy was gradually recovering from recession. According to a statement by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President spoke while receiving the outgoing Ambassador of the Royal Embassy of Saudi Arabia, Fahad Bin Abdullah ...

  • Nigeria

    APC, PDP trade words over state of the nation

    The All Progressives Congress (APC) and the Peoples Democratic Party (PDP) yesterday traded words over the state of the nation. The chairman of PDP’s Caretaker Committee  described  March 28, 2015 as a day Nigerians voted scam as change. Referring to the presidential election that brought in President Muhammadu Buhari , ...

  • Nigeria

    Unify exchange rates, IMF advises Nigeria

    •Experts seek forex restrictions retention The Executive Board of the International Monetary Fund (IMF) yesterday released the Article IV Consultation on Nigeria in which it urged the authorities to remove restrictions and multiple currency practices. The directors also praised the recent easing of some exchange restrictions which would lead to ...

  • USA

    About New York: A Mammoth Step in the Pursuit of Illicit Ivory Sales

    How a Manhattan shopping trip led to a success in efforts to protect creatures with personalities and social qualities as immense as their bodies.

  • USA

    For-Profit Law School in Arizona Is Put on Probation

    The American Bar Association acted against Arizona Summit Law after finding fault with its admissions practices, academic programs, and graduation and bar exam passage rates.