MAJESTIC FARMS CEO LAUDS BUHARI’S NO FOREX FOR FOOD RULE… ROLLS OUT MASSIVE AGRIC INVESTMENT INITIATIVE

Mr. Al Humphrey Onyanabo, Chief Executive Officer of Majestic Farms And Food Processing Co., Ltd has hailed the recent presidential order banning the Central Bank from selling foreign exchange to importers of food. In a recent media parley with reporters in Lagos, Mr. Onyanabo said the order was bold and commendable with favorable, far reaching consequences for the Nigerian economy, ‘ Nigeria has become the dumping ground for all manner of ridiculous food products from all over the world. People now set up production facilities overseas targeting the Nigerian market…

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Buhari Commissions CBN Centre of Excellence

President Muhammadu Buhari on Thursday inaugurated the Central Bank of Nigeria (CBN) centre of excellence at the Ahmadu Bello University (ABU), Zaria. While inaugurating the project, Buhari pledged more funding to the education sector. He commended the apex bank for supporting the federal government’s investments in the education sector as well as other areas of the economy. The president urged the bank to extend such funding support to research to ensure economic development of the country. In his remark, Godwin Emefiele, CBN governor, said the project was borne out of…

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Discos want consumers to pay more, push for N80kwh tariff

As power supply crisis in the nation’s energy sector continues to deteriorate, distribution companies (DisCos) are now pressing for N80 per kilowatt-hour  of electricity  in place of the N31.56 kobo earlier planned . Speaking to Daily Sun, in Abuja, the Executive Director of Association of Nigerian Electricity Distributors (ANED), Barrister Sunday Oduntan, said that the regulators should consider  foreign exchange, lending rate and the cost of production of power before fixing tariff. “It is the responsibility of the regulators to look at the factors. including foreign exchange, lending rate, the cost…

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NCC reassures telecoms users of protection in the wake of crackdown on interconnectivity debts

The Nigerian Communications Commission (NCC) has reassured the over 174 million telecoms consumers of their protection from suffering any service disruption as a result of the ongoing regulatory intervention towards resolving the rising interconnectivity debts among telecoms operators in Nigeria. The Commission also called on debtor operators to settle interconnect debts owed their creditor networks without further delay to prevent possible revenue drop and customer flight from their networks to competitors. The Executive Vice Chairman of the Commission, Prof. Umar Danbatta, who stated this in Abuja said, as a consumer-centric…

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Exclusive -$1.3bn Malabu Scandal: Russian Middleman’s Shocking Turnaround, Says Jonathan, Others, Did Not Demand Bribe

Former Russian Diplomat, Ednan Agaev was the first of the defendants in the OPL 245 trial to take the stand in a crowded courtroom yesterday in Milan, Italy. Opening his defence, Agaev explained that he started his career for the Soviet Union Ministry of Foreign Affairs where he was a senior official for arms control, took part in nuclear arms negotiations, was a senior official at the UN and Ambassador for Russia to Columbia. From Court updates monitired by Paparazzi Magazine, Agaev then said knew former President Obasanjo for the…

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Total, UNITAR Enters into New Agreement to Boost Plastic Recycling in Nigeria

SEATTLE (Scrap Monster):Total E&P Nigeria Limited and the United Nations Institute for Training and Research (UNITAR) signed a Special Purpose Grant (SPG) agreement, aimed at saving the environment by reducing plastic pollution. The agreement was signed in April at Lagos, Nigeria. Mr Vincent Nnadi, Executive General Manager, Corporate Social Responsibility, Total represented the company at the signing ceremony, whereas UNITAR was represented by Nikhil Seth, UN Assistant Secretary General Executive Director. As part of the agreement, an implementation committee managed by UNITAR will oversee the development of a full-cycle recycling…

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MMM Stages Comeback! Nigerians Overjoyed

The Mavrodi Mundial Moneybox (MMM), a Ponzi scheme which almost ruined the lives of millions of Nigerians in 2017, is back. This time around, Sergey Mavrodi, is back with a new version known as MMM Cooperation and says it will give 50 percent return on any amount invested in it. This is new version operates like the previous version, where investors register, invest a sum of money in the form of giving help and getting help and receive interest after 30 months but this version gives more than 20 percent…

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And here comes 5G…Is Nigeria ready for the Multidimensional Challenges?

The introduction of a new cellular generation is a delightful, and meaningful, event. The 1st generation introduced mobility. The 2nd generation [or: 2G] brought us into the digital world. The 3rd generation, in turn, introduced mobile data. And the 4th generation created the mobile broadband world in which we live today. Unlike previous generations, which took us a single step forward (though it was usually a very big one), the 5th generation takes us multiple steps in multiple directions. Enhanced mobile broadband (eMBB) applications are a big step forward in…

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Ooni Empowers 1,000 Fashion Designers in Osun

The Ooni of Ife, Oba Adeyeye Ogunwusi, on Saturday empowered no fewer than 1,000 fashion designers and charged them to be hardworking in their chosen career. The Ooni gave the charge during the maiden edition of Ojaja Fashion Training Graduation  at his palace in Ile-Ife, Osun State. Oba Ogunwusi thanked God for giving him the grace to contribute his own quota to the progress and growth of the beneficiaries who were mostly youths. He condemned the rate at which crimes were increasing daily in the society, a situation he attributed to lack…

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Court Okays Innoson On Its Execution of Judgment Against GTB

The Federal High Court, Awka Division on May 20th, 2019 refused to grant GTB’s prayers for orders staying or suspending the execution embarked by Innoson Nigeria Ltd; and to further set aside the Orders made by the court on 27th March 2019 granting Innoson Nigeria Ltd leave to enforce the judgment, issue processes for enforcing the judgment and levying execution- the Writ of Fifa against Guaranty Trust Bank. Recall that the Federal High Court, Awka Division on March 27th, 2019 granted leave to Innoson Nigeria Ltd to enforce and execute…

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