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Lagos-Calabar Highway: American Investors Decry Destruction Of N375bn Investment

Lagos-Calabar highway: American investors decry destruction of N375bn investment
In a dispute over the destruction of their N375 billion real estate investment, a group of American investors has urged President Bola Ahmed Tinubu to step in. The investors, acting through the Association of Nigerians in Diaspora, assert that despite possessing the required certifications and approvals, the $250 million houses in Okun Ajah, Lagos State, were ordered to be demolished by the Minister of Works, Engr. David Nweze Umahi. Engr. Stella Ifeoma Okengwu, Managing Director of Winhomes Global Services Limited, claimed during a global press conference that Umahi’s actions show a pattern of unlawful demolition, power abuse, bribery, corruption, andRead More

Air Peace Resumes Flight Operations To Johannesburg

Air Peace
The Nigerian major carrier, Air Peace, has announced that the resumption of flights to Johannesburg, South Africa, will take place on October 17, 2021. The spokesperson of the airline, StanleyRead More

CBN To Enhance Regulation Of Fintech Digital Playing Field

CBN Godwin Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has stated that the speed and innovation occurring in the payment system calls for enhance regulations to keepRead More

70 % Of Nigerian Inland Waterways Dormant, Says NIWA DG

Nigerian Inland Waterways Authority (NIWA)
The Managing Director of Nigerian Inland Waterways Authority (NIWA), George Moghalu, has stated that 70 percent of Nigerian inland waterways are still under utilised, in spite of the potential theRead More

CBN: $2bn Spent On Wheat Importation Annually

Central Bank of Nigeria (CBN)
Moves to boost local production, address challenges in commodity value chain Says eNaira will boost monetary policy transmission, others, caps transactions Cashless policy: Court rejects alleged discriminatory bank charges imposedRead More

Cashless Policy: Court Rejects Alleged Discriminatory Charges Imposed By CBN

Court
Meanwhile, on the cashless matter, the court presided over by Justice Nnamdi Dimgba made the pronouncement in a judgment delivered in a suit filed against the CBN over alleged impositionRead More

Open Grazing Ban: More Northern States Seek Funding To Build Ranches

Open Grazing
Want conversion of grazing reserves to ranches Kwara seeks N10bn take-off grant for project We won’t ban open grazing, says Plateau No going back on anti-open grazing laws, Benue, TarabaRead More

Globacom Signs Deal With Eutelsat Of France For Satellite Deployment

Globacom
Globacom, the second-largest telecoms operator in Nigeria by subscriber number and market share, has signed a deal with Eutelsat of France for satellite deployment in the Nigerian market. The businessRead More

Residents Protest Prolonged Blackout, Shut Down Oyo Electricity Company

Electricity power plants
Angry protesters on Thursday took to the streets of Okeho, the headquarters of Kajola Local Government in Oyo State, to protest against the continued blackout being experienced in the areaRead More

President Buhari Approves 159 New Radio, Television Stations

President Muhammadu Buhari
President Muhammadu Buhari has granted approval to 159 companies, communities and institutions of higher learning to operate radio and television stations. Director-General, National Broadcasting Commission (NBC), Malam Balarabe Ilelah, madeRead More

Ondo Govt Shuts Shoprite, NEPA Market

Ondo State Government
Ondo State Government on Monday sealed Shoprite building at Igbatoro road in Akure and the Neighborhood market at NEPA in Akure, the state capital. The two places were shut forRead More