Agency Reporter

Nigeria moves to recover N5tr debts owed AMCON

The Federal Government has begun a move to recover over N5 trillion outstanding debts owed the Asset Management Corporation of Nigeria (AMCON). The government has formally inaugurated an inter-agency committee to speedily resolve the challenges in recovering the debts. Vice President Yemi Osinbajo, who inaugurated the committee on Monday at the Presidential Villa, Abuja, charged […]

CBN imposes extra charges on cash deposits, withdrawals

Withdrawals and deposits of physical cash in Nigeria will now attract processing fees payable by individuals or corporate owners of bank accounts involved. Nigeria’s central bank said the measure was put in place to encourage its cashless policy and will take effect on September 18 in Lagos, Kano, Rivers, Ogun, Anambra, Abia and Nigeria’s capital […]

‘MTN is target of claims, threats in Nigeria’

MTN Group Limited, formerly M-Cell, the South Africa-based multinational mobile telecommunications company, operating in many African, European and Asian countries, is not new to controversies.But MTN’s love for high-risk emerging markets like Nigeria is biting it big time. The telco has been caught in web of claims, charges, fines and all manners of harassment by […]

Nigeria moves to dominate global oil industry with 100 firms

Sixty-three years after the discovery of oil in commercial quantity, the Federal Government yesterday said Nigeria was poised to play a commanding role in the industry globally through 100 indigenous companies.Speaking at the launch of ‘Project 100’ in Abuja, the Minster of State for Petroleum Resources, Ibe Kachikwu, stated that the move would reduce influx […]

Buhari pledges to improve agriculture, economy in Kano

President Muhammadu Buhari has pledged to improve agricultural activities and economic diversification in Kano, if re-elected. Buhari gave the assurance yesterday, while addressing supporters of the All Progressives Congress (APC) during a presidential campaign rally at the Sani Abacha Stadium, Kano. The president, who assured the jubilant crowd that the APC government will not disappoint […]