LAGOS — Muslims across the country are expected to join other faithful across the world to begin this year Ramadan fasting today. Already, the Sultan of Sokoto and President-General of the Nigerian Supreme Council for Islamic Affairs, NSCIA, Alhaji Mohammed Abubakar Sa’ad, has urged Muslims who sight the new moon of Ramadan to communicate to relevant authorities immediately for the commencement of the fast.
Updated 8 Years ago

Lagos State Governor Babatunde Fashola has said governors of the South-West region are in healthy rivalry in order to deliver the dividends of democracy to the masses, adding that the country’s democracy and people will be better for it.
Updated 8 Years ago

The Central Bank of Nigeria (CBN) on Thursday, in Akure, announced plans to accommodate physically challenged persons in its cashless policy drive. Ikechukwu Nwaoha, the bank’s Deputy Director, Consumer and Financial Protection Department, said this in a paper he delivered at the 17th seminar for finance correspondents and business editors. The paper was entitled, “Issues, challenges and consumer protection in a cashless economy”. According to him, the CBN will soon introduce graphics moderated automated teller machines (ATMs) to facilitate the participation of physically challenged persons in e-transaction. Nwaoha said that the illiterate populace would also be able to use the facility which, he added, would take care of all the concerns they had raised on the cashless policy at various seminars. On consumer protection in a cashless economy, the deputy director said that the CBN had taken care of this by upgrading the consumer and financial protection division to a department.
Updated 8 Years ago

The House of Representatives yesterday adopted the report of its ad hoc committee which investigated the “near collapse” of the Nigerian capital market insisting that the Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh, must be sacked by the Federal Government.
Updated 8 Years ago

Chika Amanze-Nwachuku and Ejiofor Alike If the Petroleum Industry Bill (PIB) forwarded to the National Assembly Wednesday is passed as it is, the law will require the Federal Government to divest 30 per cent of its shareholding in the National Oil Company (NOC) and sell the shares on the Nigerian Stock Exchange (NSE).
Updated 8 Years ago

A Federal High Court in Abuja has asked the Chairman of the Independent National Electoral Commission, Prof. Attahiru Jega, to explain why he disobeyed its order barring the use of collapsible transparent ballot boxes for the July 14 governorship election in Edo State.
Updated 8 Years ago

The new Petroleum Industry Bill is going to make the Petroleum Minister more powerful than she already is if it passes through the National Assembly as submitted by President Jonathan. Mrs Diezani Alison-Madueke will become chairman of the boards of plum parastatals in the ministry and also have powers to scrap the Petroleum Equlisation Fund which ensures the uniformity of petrol prices all over the country, according to contents of the bill, a copy of which was seen by Daily Trust in Abuja yesterday.
Updated 8 Years ago

The flattening credits to the private sector is having negative effects in the consumer goods sector as banks prefer to lock up funds in government securities instead of lending.
Updated 8 Years ago

There was uproar in the House of Representatives Thursday as lawmakers reviewed the implementation of this year’s budget, which the National Assembly passed on March 15. The lawmakers, majority of who criticised the executive for the alleged poor and selective implementation of the budget, gave President Goodluck Jonathan up until September, when they would resume from recess, to ensure effective implementation of the budget or face impeachment.
Updated 8 Years ago

North Korea's sudden dismissal of Ri Yong Ho from his post as army chief and from all his government posts caught many watchers of the secretive regime of Kim Jong Un by surprise and wondering what was going on.
Updated 8 Years ago