Buhari Speaks On His Health, Suggests Travelling For More Treatment Soon
President Muhammadu Buhari Friday in Abuja expressed gratitude to Nigerians for all the prayers and show of goodwill, pledging to rededicate himself to the service of the nation. Addressing the country from the State House, shortly after arriving from London, President Buhari said he was fully committed to serving the nation and protecting the right of all Nigerians. ‘‘I am deeply grateful to all Nigerians, Muslims and Christians alike who have prayed and have continued to pray for my good health.
Nigerian Govt’s Savings Bond Will Boost Financial Inclusion – NSE
The Nigeria Stock Exchange, NSE, on Thursday said the Nigerian government’s Savings Bond will boost financial inclusion among Nigerian investors. The bond, which will be opened for subscription exclusively on the Nigeria Stock Exchange, is targeted at retail investors. Haruna Jalo-Waziri, the Executive Director, Capital Market Division of NSE, made this remark while commenting on the planned launch of the sovereign savings bond scheduled for Monday, March 13.
Nigerian Postal Service Generated N8.84 Billion Revenue In 2016
The Nigerian Postal Service, NPS, earned a total sum of N8.84 billion as revenue in 2016, the National Bureau of Statistics, NSE, has said. According to a report released by the bureau titled “Annual Postal Services Data 2016”, Stamp Duty generated the highest amount of revenue of N4.09 billion, representing about 46.34 percent of the total
revenue generated in the year. The report stated further that EMS/Speed Post and Parcel clearance/delivery fee followed closely with N1.36 billion and N726.85 million revenues generated, representing 15.38 percent and 8.23 percent of the total revenue generated respectively.
CBN Injects Another $100 Million Into Forex Market
The Central Bank of Nigeria, CBN, on Thursday intervened in the inter-bank foreign exchange market for the fifth time in three weeks by offering $100 million for wholesale requests. Out of the total offering, CBN spokesperson, Isaac Okorafor, said about $70 million was sold to meet requests for business/personal travel allowances, BTA/PTA. Since the commencement of the intervention exercises, the CBN said more customers of banks and other business people have been able to overcome the earlier difficulties they were facing in obtaining foreign exchange for their transactions.
Oil Prices Falling Again — Sink To 3-Month Low
Oil prices are on the decline again, and this time, they have fallen to a three-month low. West Texas Intermediate is trading below $50, while Brent crude, the global benchmark for oil is hovering around $52 per barrel, its lowest price levels since December 2016. Since the Organisation of Petroleum Exporting Countries (OPEC) decided to cut its production levels by over 1.2 million barrels per day, the prices have been on the rise. However, US shale producers, who are not party to the OPEC deal, have since increased production by nearly 500,000 barrels per day, driving oversupply, and sinking the prices.
AMCON Takes Over Guest House Tied In Multi-Billion Naira Debt
Asset Management Corporation of Nigeria (AMCON) has secured a federal high court injunction to take take over Mustasons Guest House, Ajose Adeogun Street, Victoria Island, Lagos Babs Kuewumi, justice of the federal high court Lagos division, via the court order, also restrained Mustapha Wushishi, the promoter of Mustasons Guest House Limited from the assets and properties of the guest house and another property situated at Plot 1111B, Amichi Close, Victoria Island, Lagos. Wushishi and Mustasons Guest House Limited have been in court with AMCON over huge indebtedness of nearly half a billion naira.
We Will Cut Agencies At Ports From 15 To Six, Says Lai
Lai Mohammed, minister of information and culture, says the government will cut the number of agencies across Nigerian seaports and airports from 15 to six. Mohammed, who is also a member of Presidential Enabling Business Environment Council (PEBEC), said once the council prunes the number of agencies at the ports to six, it will be possible for people to clear their goods within 24 or 48 hours. He reiterated the government’s commitment to improving Nigeria’s ranking in the World Bank Ease of Doing Business Index, saying the current ranking of 169 out of 190 countries is unacceptable.