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Drivers commend Obiano over ban on emblems

drivers association

The Nigeria Lorry Drivers Associa­tion (NILODA) has commended the Anambra State Governor, Chief Willie Obiano, for suspending the payment of motor emblem fees, hawkers permit, wheel barrows taxes, as well as Okada and Keke levies, and imposition of similar levies on school children throughout the state. Making the commen­dation in …

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CBN ignores Finance Minister, retains interest rate at 14%

The Central Bank of Nigeria (CBN) yesterday maintained the interest rate at 14%, ignoring demands from the Minister of Finance to reduce the nation’s interest rates as a means of reviving the ail­ing economy. The Monetary Policy Com­mittee (MPC) of the CBN rose from its two-day meeting in Abuja to …

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Buhari Assures Investors of Safety

President Muhammadu Buhari has assured existing and potential investors in Nigeria of adequate protection of their lives, investments and property. Speaking at a bilateral meeting yesterday with President Jacob Zuma of South Africa in New York, on the sidelines of the 71st Session of the United Nations General Assembly, Buhari …

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economic recession in Nige­ria may last till 2021


Foreign diplomats and some local economic experts have expressed fears that the current economic recession in Nige­ria may last till 2021 if urgent steps are not taken by the Fed­eral Government. The diplomats, who ap­praised the economic policies of the Muhammadu Buhari administration, said the reces­sion was triggered by the …

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We’ve spent N70bn on roads, says FG

In the 2016 fiscal year alone, the Federal Government says it has spent N70 billion to fix Nigerian roads. It said the amount was a sig­nificant improvement on the N18 billion the administration of the immediate past President Good­luck Jonathan spent on the sector in 2014. The Minister of Information …

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