Thursday 13 August 2015

Labour Party Tells President Buhari to Probe Obasanjo, Tinubu, Saraki Also

Probe Obasanjo, Tinubu, Saraki, LP Tells Buhari

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Ex- President Olusegun Obasanjo
  •  Urge re-opening of Halliburton case
By Onyebuchi Ezigbo in  Abuja
The leadership of the Labour Party on Wednesday asked President Muhammadu Buhari to adopt a holistic approach in his anti-corruption crusade by ensuring that the probe of past administrations extends to former President Olusegun Obasanjo, his  deputy, Atiku Abubakar, Senate President Bukola Saraki, Bola Tinubu and former state governors.

CBN Governor Godwin Emefiele; Talks About the Falling Naira, the State of Nigerian Economy and the Remedies in this Interview (A Must Read)

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 Emefiele

Central Bank of Nigeria Governor, Mr. Godwin Ifeanyi Emefiele believes that the exchange rate volatility observed in the parallel market is being fuelled by speculation, currency substitution and also as a result of illicit wealth circulating in the country. In this interview with Ijeoma Nwogwugwu and Obinna Chima, he spoke on efforts by the central bank to ensure that foreign exchange regulations are effectively enforced, achieve price stability, as well as the central bank’s intervention initiatives to stimulate economic growth.

Monday 10 August 2015

Nigeria's Buhari shakes up state payments system in anti-graft drive


ABUJA (Reuters) - Nigeria's President Muhammadu Buhari has ordered ministries to use only approved government bank accounts to make payments, the vice president's office said on Sunday, part of a drive to improve transparency and clamp down on corruption.
Buhari, who took office in May after being elected on promises to fight endemic graft in Africa's biggest economy, has said he believes officials have stolen around $150 billion from the public purse over the past decade.

EKO ATLANTIC CITY BECOMING WEST AFRICA'S DUBAI?




(CNN)The government of the state of Lagos -- Nigeria's former capital -- has proudly proclaimed it is building a new city that will become the new financial center of Nigeria, and perhaps West Africa. The scale of the Eko Atlantic project is immense and progress is being achieved through a team effort between investors, planners, engineers and contractors.
Pitched as Africa's answer to Dubai, Eko Atlantic is a multibillion dollar residential and business development that is located as an appendage to Victoria Island, and along the renowned Bar Beach shoreline in Lagos. The plan is that it will: