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Category Archives: Breaking

Commencement Of ‘Cashless Lagos’ – Is This A Wise Policy Or Not!

Disappointment and confusion yesterday greeted the commencement of the ‘Cashless Lagos Policy’ as it was heralded by the return of cheques which the banks regarded as ‘exceeding the limit’ for third parties.   The banks were however cautious, so as not to offend their customers, as some of the said customers who issued third partycheques…

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World Bank Presidency: GEJ Directs Adefuye To Rally For Okonjo-Iweala

  The Nigerian Ambassador to the United States of America has been directed to deploy all available resources to ensure that Dr. NgoziOkonjo-Iweala, Nigeria’s Finance Minister and Africa’s sole candidate for the World Bank Group Presidency, gets elected when the Board of Directors of the bank vote at the Spring meeting of the bank scheduled…

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Nigerians Taxed Blind By Air Ticket Pricing Compared To Other Neighbouring Countries

A chunk of the bloated airfares paid by Nigerians to both local and foreign airlines have been traced to the numerous taxes and surcharges passengers pay to the various parastatals in the aviation industry, new investigations by BusinessDay have revealed.   In addition to the taxes is the fuel surcharge by the airlines which constitute…

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SEC Memos Prove Oteh Offered House Committee N30m – Bribery Allegation Forces Herman Hembe’s Resignation

Embattled Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh and SEC management initiated and offered the House Committee on Capital Markets the sum of N30, 000, 000 as ‘sponsorship’ for the public hearing on capital markets. The documents attached below which were tendered before the House of Representatives Tuesday by Chairman…

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South Africa, Nigeria Mull Resuscitation Of Bi-National Commission

ABUJA, March 15,- South Africa and Nigeria continued their steady trudge down the path of reconciliation on Thursday when a high-powered eight-man delegation from the rainbow country paid a courtesy call on President Goodluck Jonathan at the presidential villa in Abuja, the two sides agreeing to resuscitate the moribund Nigeria-South Africa Bi-National Commission.    PRESIDENT…

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