Author: Chief Editor

•Says selfish Nigerians want to create confusion in country •Bullion van politicians after CBN, says Atiku/Okowa campaign •Lawmakers re-invite Emefiele for grilling on cash policy tomorrow •Falana, other senior lawyers react •Money launderers, political bandits against redesigning of naira, says NANS •Policy will allow voters elect credible leaders, says ex-Kwara governor, Ahmed Alex Enumah, Sunday Aborisade, Udora Orizu, Adedayo Akinwale in Abuja and Hammed Shittu in Ilorin The Chairman, Kaduna State Chapter of the Christian Association of Nigeria (CAN), Rev. John Joseph Hayab, yesterday expressed concern over the manner those he described as selfish Nigerians want to create confusion in…

President Muhammadu Buhari and Speaker of the House of Representatives, Hon. Femi Gbajabiamila, yesterday, brainstormed over the rising incidence of violent attacks at political parties’ rallies and the controversy over the newly introduced cash withdrawal limit by the Central Bank of Nigeria (CBN). Gbajabiamila revealed that the National Assembly would, tomorrow, Thursday, pass the 2023 budget estimate of the federal government. He disclosed this to newsmen at State House, Abuja, after a closed-door meeting at the president’s office, describing his meeting with the president as routine and meant to deliberate on key national issues, while not revealing the outcome. The…

Bismarck Rewane The business world has evolved over the past few decades, a change fast-tracked by the COVID-19 pandemic. Many corporates were unprepared and as such the shock was significant and its reverberating effects linger. The “VUCA” acronym is a term best used to describe the current state of the global landscape. It stands for Volatility, Uncertainty, Complexity, and Ambiguity, and is used to accentuate the challenging and unpredictable nature of the contemporary business environment. The leadership theories of Warren Bennis and Burt Nanus were the basis for the development of the “VUCA” acronym in 1987. It highlights the need for…

The Central Bank of Nigeria (CBN), its Governor, Mr. Godwin Emefiele and the Attorney General of the Federation, Abubakar Malami have been dragged to a Federal Court in Awka over the implementation of the naira redesign policy. The redesigned currencies N1,000, N500 and N200 went into circulation on December 15, 2022, and would finally displace the old notes by the end of January 2023. But the Incorporated Trustees of a non-governmental organisation and the African Initiative against Abuse of Public Trust had filed a suit on behalf of over 50 million Nigerians in rural areas who have to bank account,…

President Muhammadu Buhari has expressed appreciation for the many cards and well-wishes he received on his 80th birthday anniversary. The president, however, said in a jocular manner yesterday, that his wish for a quiet day was denied by the staff, adding that: “I fixed the return journey from America on the day to avoid the celebration.” Addressing the Chief of Staff, Prof. Ibrahim Gambari; Secretary to the Government of the Federation, Boss Mustapha and a handful of other personal staff who gathered at the Residence in the morning, “to make the president’s birthday an occasion to remember,” Buhari said a…

•NCP approves release of N1.3bn for payment of 13 year-old outstanding entitlements of SAHCO workers •Osinbajo receives RMAFC delegation The Bureau of Public Enterprises (BPE) has issued guidelines to banks and other lenders for the sale of their 60 per cent shares in the power distribution companies (Discos). Also, the National Council on Privatisation (NCP) has approved the release of N1.371 billion for the settlement of outstanding redundancy benefits owed workers of the Skyway Aviation Handling Company Plc (SAHCO). The latest move by government in SAHCO was aimed at providing succour and ensure prompt payment of the 13 year-old entitlements…

President of the Ship Owners Association of Nigeria, Mkgeorge Oyung, yesterday called for the relocation of the residents of Ajegunle, a suburb in Lagos, with a view to enhancing the value of Apapa Wharf. He stressed the need for the federal and Lagos state governments to recreate the Apapa Port by relocating Ajegunle city, to build a modern logistics city. Oyung stated this in Abuja, yesterday, at a public hearing of a bill: ‘Nigerian Economic Diversification Bill 2022.” He noted that NPA was making a total of $2 million (N890,000, 000) instead of $43 billion (19,135,000,000,000) as daily revenue He…

•PDP candidate says he won’t run after 2023 •Discloses Buhari gave him personal commitment of free, fair polls •Pledges to remove petrol subsidy in first 100 days The complicated ‘electoral maths’ of Africa’s largest economy may count in favour of the Peoples Democratic Party (PDP) candidate, Atiku Abubakar, in next February’s general elections, a Financial Times report has indicated, quoting close aides of the politician as well as selected political analysts. Stressing that no one in Nigeria’s history has run for president more times than Atiku, with the top prize eluding him on each of the five occasions, the report…

•Armed forces to conduct show of force across the country •Vote buying: INEC, NFIU, EFCC, Police, ICPC, others read riot act to political parties, candidates •Financial intelligence unit to seal up all government accounts in January •CBN cash withdrawal limits must be effectively, efficiently enforced’ Chairman of the Independent National Electoral Commission (INEC), Professor Mahmood Yakubu, yesterday, declared that should the present state of insecurity and attacks on offices of the commission continue, next year’s general election might be threatened. Mahmood spoke in Abuja at a workshop on “Electoral Violence and Election Security in Nigeria”, organised by the Centre for…

Presidential candidate of All Progressives Congress (APC), Bola Tinubu, yesterday, told the organised labour that none of the major presidential candidates could be trusted with power and leadership. Tinubu stated this at a town hall with the organised labour. The APC candidate said he was the most qualified of the presidential candidates to lead Nigeria, stressing that he is the only one seriously involved in the fight for good governance. Although Tinubu did not directly mention the names of the other presidential hopefuls, the description he gave was a perfect march for the candidates of Peoples Democratic Party (PDP), Atiku…