DIRECTOR-General of the Nigeria Customs Service, Col. Hameed Ali, Rtd has told the Senate that the activities of smugglers forced the organization to lift the ban on importation of rice through land borders.
Speaking before the Senate Ad Hoc Committee on Import Duty Waivers, Col Ali said that apart from reducing the revenue generation of the agency, the ban had also caused the death of a sizeable number of its personnel through desperate smugglers.
He stressed that the commodity was so common within the nation's land borders that the ban no longer...
Sunday, 25 October 2015
The CBN Deputy Governor, Corporate Services Directorate, Mr. Adebayo Adelabu, has called for the diversification of the Nigerian economy.
Speaking on the topic, “Diversifying the Revenue Base of Nigerian Economy" at the investiture ceremony of the Chartered Institute of Bankers of Nigeria, CIBN, Adelabu said that the time has come for Nigeria to diversify her economy, having failed to do so when oil was above $100 a barrel.
His words ;
“The dwindling oil prices and reduction in volume of crude oil production are affecting us, with revenue nose...
The Central Bank of Nigeria, CBN on Saturday rejected the call by the Emir of Kano, Mallam Mohammed Sanusi II for further devaluation of the naira.
The Kano Emir had on Friday called on the Federal Government and the CBN to further devalue the naira and remove fuel subsidy.
“It is wrong to continue with the fuel subsidy. It is wrong to continue to pretend that you can keep the naira at a certain level, when the price of oil is falling, without depleting your reserves. You have to make a choice,” he said.
However, speaking at the Investiture...
Saturday, 24 October 2015
President Muhammadu Buhari has described the security situation in the Northeast of the country as a great source of concern for him.
The president spoke through a message delivered on his behalf by a high powered delegation he sent to Adamawa and Borno states to commiserate with the people on the incessant suicide bombings by Boko Haram.
The delegation was led by Secretary to the Government of the Federation, David Babachir Lawal. He was accompanied by
the Secretary of the APC, Alhaji Mala Mai Buni, a member of the House of Representatives,...
Former President Goodluck Jonathan is a very busy man right now.
He has been busy dispatching invitation letters to leaders across Nigeria and the entire world for the official launch of his Goodluck Jonathan Foundation which is planned for the third quarter of 2016.
See a sample of the letter below.
Dear ……..
On Friday, 29th May, 2015; I completed my term of office as the President of the Federal Republic of Nigeria and successfully handed over government to President Muhammadu Buhari.
I immediately proceeded on a long deserved break; I have...
The government of Sokoto State, Nigeria has concluded plans to Immunize about 1.8m children against measles in all 23 local government areas of the state. The exercise will last from November 21 to November 25.
The State's Executive Secretary, Primary Healthcare Development Agency, Dr Sani Labaran disclosed the plan to newsmen in Sokoto on Saturday during a rally to mark the World Polio Day.
He said that the 4 day exercise would be targeted at children aged between 2 months and 4 years.
He also emphasized the state government's commitment to...
Barely a day after terrorist attacks killed 28 people in Maiduguri, northeast Nigeria, a female suicide bomber on Saturday detonated her bomb in the Dala Yazaram area of the city, leaving three persons dead and many others injured.
An eyewitness, Shuaibu Umaru told AFP that there were two suicide bombers but one was apprehended before she could activate her device.
According to the National Emergency Management Agency, NEMA, a member of the Civilian JTF was killed in the blasts along with four suicide bombers.
“Four female suicide bombers at...
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