Foreign Companies bid for Ajaokuta steel firm
The Minister of Mines and Steel Development, Olamilekan Adegbite has said that Eleven companies, including three from Russia, are in the concession bid for Ajaokuta Steel Company.he disclosed this in Abuja on Thursday at the ninth edition of President Muhammadu Buhari Administration’s Scorecard Series (2015 to 2023). He said they hope that they can give […]
Reps instruct CBN to halt cash withdrawal limit policy
House of Representatives has mandated authorities of the Central Bank of Nigeria (CBN) to halt at once the revised cash withdrawal limits policy expected to commence on January 9, 2023 in response to public outcry. The resolution was passed following the adoption of a motion on the ‘Need for the Central Bank of Nigeria to […]
Procyon Radio Major bulletin for Friday 9, 2022
Good day! Below was the major bulletin for 6pm news on procyon radio 1. House of Representatives has mandated authorities of the Central Bank of Nigeria (CBN) to halt at once the revised cash withdrawal limits policy expected to commence on January 9, 2023 in response to public outcry. CONTINUE READING 2. The Minister of […]
Ex president of Mozambique son and two others bags jail term
A Mozambican court has sentenced two ex-spy bosses and the son of a former president to 12 years each for their part in a corruption scandal in which the government sought to conceal huge debts, triggering financial havoc. The former head of security and intelligence, Gregorio Leao; the head of the security service’s economic intelligence […]
Former Guatemalan President, deputy bags 16 years Jail term for Corruption
A Guatemalan court on Wednesday sentenced former President Otto Perez to 16 years in prison, finding him guilty of leading a massive customs fraud scheme while in office. Judge Irma Valdes said as she read out the sentence that Perez, who was forced to resign in 2015, was found guilty of racketeering and fraud targeting […]
Festival Traders denies Free stand Statement
Some traders at the ongoing National Sports Festival have lamented a drop in sales at the national sports showpiece. They also denied a recent statement by the festival’s promoter Bukola Olopade, that the Delta State Government did not collect money from them to operate their businesses during the festival. Olopade had told reporters at a […]
IPMAN calls on NNPC to give Petrol at Official EX-Deport price
Ejigbo Satellite Depot of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Ltd. (NNPCL) to give same window given to Major Oil Marketers Association of Nigeria (MOMAN) to buy fuel at regulated depot price of 148.17 naira per litre. Chairman, IPMAN Ejigbo Depot, Akin Akinrinade, made the […]
Senate to Question CBN chief over cash Withdrawal Limits
The Senate will on Friday grill two deputy governors of the Central Bank of Nigeria over the cash withdrawal limit policy unveiled by the apex bank on Tuesday. The red chamber planned to seek clarifications on the new directive which restricts over-the-counter cash withdrawal by individuals and organisations to 100,000 hundred thousand and 500,000 hundred […]
POS operators to protest against cash Withdrawal policy
The National President, Association of Mobile Money and Bank Agents of Nigeria, Victor Olojo, has said that PoS operators would protest against the policy which he said was targeted at killing their livelihood and that that the cash limit would harm their business as it translated to shutting down PoS terminals. Meanwhile, the South-South Agenda […]
Ngozi Okonjo-Iweala named Forbes’ most powerful women in the world
Director-General, World Trade Organization (WTO), Ngozi Okonjo-Iweala has been named one of Forbes’s World’s 100 Most Powerful Women in 2022. The African leadership person of the year awards are vote-based and reserved yearly for leading Africans who are making positive impacts and promoting a favourable image of the continent. Okonjo-Iweala polled over 60 percent of […]