ANGOLA’S attorney general has seized buildings and hotels belonging to AAA, a company associated with Carlos Manuel de São Vicente whose $900 million fortune has been frozen by Swiss authorities. De São Vicente was a key figure in Angola’s oil industry, heading a group of companies, including AAA Seguros, which sold insurance and reinsurance contracts … Read more
Those who say there have been climactic upsurge of raping and massacres of Nigerians on their farm lands by the unwashed dogs roaming the forests with AK47s instead of being in schools since Buhari became President can not be faulted. His negative words to political appointments smacks off endorsement of extreme northern nationalism which has … Read more
PRESS STATEMENT Airtel’s Digital journalism training begins 21 August The digital journalism training being sponsored by Airtel Nigeria under the aegis of The Journalism Clinic, will start in Lagos on Monday, 21 August. A statement by the Founder/Director of The Journalism Clinic, Taiwo Obe, shows that the Kaduna leg of the training will start on … Read more
FREEPRESS – Strong indications emerged on Wednesday that consortium of 13 banks, involved in Etisalat Nigeria’s 1.2 billion dollar loan is seeking the Federal Government’s intervention to investigate the management. A management source close to the banks told the News Agency of Nigeria (NAN) in Lagos that the banks want the government, through the EFCC, to … Read more
FREEPRESS – The Central Bank of Nigeria (CBN) yesterday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. CBN Governor Godwin Emiefele, who spoke to reporters after the Monetary Policy Committee (MPC) meeting in Abuja, said the recession corridor would come to an end by the third quarter because of the … Read more
FREEPRESS – About 15 commercial banks were on Tuesday barred from dealing in foreign exchange through the recently created small and medium enterprises, SMEs wholesale forex window. The decision by the Central Bank of Nigeria, CBN, to wield the big stick followed persistent complaints against the erring deposit money banks, DMBs, that they were deliberately frustrating … Read more
FREEPRESS – A former Governor of the Central Bank of Nigeria, Prof. Chukwuma Soludo, on Monday highlighted steps the Federal Government needed to return the country out of the biting economic challenges and get back on the path of growth. Soludo said policymakers must get the country out of the current multiple exchange rates’ regime and … Read more
FREEPRESS – Groaning under intense hardship imposed by poor government policies and global economic crunch, over 20 shipping firms have exited the nation’s shores. This is coming as Dockworkers Union of Nigeria (DUN) lamented that over 3,000 workers have already been laid off by various shipping companies, terminal operators and logistic companies, owing to lack … Read more
FREEPRESS – The Central Bank of Nigeria (CBN) has denied reports that prospective Muslims pilgrims were granted concessionary foreign exchange rate for the 2016 pilgrimage. This is contained in a statement in Abuja on Tuesday by the bank’s acting Director of Communications, Isaac Okorafor. According to the statement, the CBN Governor, Godwin Emefiele, said there … Read more
FREEPRESS – An accountant and bureau de change, BDC, operator, Harisson Owoh, says the naira is on the path to recovery as banks were set to sell Forex to BDC Operators. Owoh told the NAN in Lagos that his colleagues had received signals from banks to fund their accounts in readiness for the sale. According … Read more