IN THE NEWS

Daily Watch – Abia students kidnapped, Hadiza out

President Muhammadu Buhari has approved the suspension of the Managing Director, Nigeria Ports Authority, Hadiza Bala-Usman. Speaking on Thursday, the President's spokesman, Garba Shehu, said that the President had approved the recommendation of the Ministry of Transportation under Rotimi Amaechi to set up of a panel of inquiry to investigate the management of the Nigerian Ports Authority. “The President has also approved that the Managing Director, Hadiza Bala Usman, step aside while the investigation is carried out. Mr Mohammed Koko will act in that position. The panel is to be headed by the Director, Maritime Services of the Ministry while the Deputy Director, Legal of the same ministry will serve as Secretary. Other members of the panel will be appointed by the minister.” Ms Bala-Usman had been reappointed for a second term of five years in January. The Central Bank of Nigeria (CBN) has announced the continuation of its “Naira 4 Dollar Scheme” — an incentive for senders and recipients of international money transfers — until further notice. On 5 March, the CBN introduced the scheme in a major effort to drive diaspora remittances. The regulator said recipients of diaspora remittances through CBN-licensed international money transfer operators (IMTOs) shall henceforth ...
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NEWS

Daily Watch – Buhari to help states again, EFCC investigates Fidelity Bank over Diezani

President Muhammadu Buhari had said that it's “a matter of ...
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Daily Watch – Oil climbs higher, NLC wants threefold increase in minimum wage

The prices of crude oil hit its highest point in ...
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Daily Watch – Herdsmen attacks affect manufacturers, TSA may be in trouble

BusinessDay is reporting that attacks by herdsmen across Nigeria's Middle ...
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Daily Watch – 55% of local flights get delayed, Niger to give LGAs more financial autonomy

The NCAA's Consumer Protection Department has said that domestic airlines ...
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Daily Watch – Nationwide blackout on the cards, MTN, Guinness hit hard times

Electricity workers are planning to shut power transmission nationwide over ...
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Daily Watch – Sokoto repossesses factory after paying AMCON, Bird flu spreads in Plateau

The Federal Government has deferred the deductions of the allocations ...
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Daily Watch – More Nigerians turn to the bottle, Unions battle Arik

Heineken's first quarter results have shown that Nigerians are drinking ...
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Daily Watch – Tin Can Customs revenue falls, Banks to reduce loan grants

The Tin-Can Island Command of the Nigerian Customs Service, has ...
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Daily Watch – Adeosun insists Nigeria is ‘not sick’, Militant group vows more pipeline attacks

Nigeria, currently going through its worst economic crisis in years, ...
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Daily Watch – Buhari comes back from China with goodies, Mobile payments grow

President Buhari's five-day working visit to China has yielded additional ...
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Daily Watch – Middle Belt crisis costs Nigeria N2.3 trillion, Trains to carry coal from June

Nigeria will gain up to N2.3 trillion (US$13.7 billion) annually ...
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Daily Watch – Petrol price at all time high, 570k apply for 10k police jobs

The rising cost of food and transportation, occasioned by the ...
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Daily Watch – Nigeria scores with China, Fuel subsidy up to N9 per litre

Nigeria borrows over N600 billion each year from internal sources ...
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Daily Watch – Petrol scarcity eases, Oil price hits four month high

The petrol scarcity is gradually eas­ing off in Abuja and ...
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Daily Watch – Strikes cause power sector losses, Lawmaker alleges petrol diversion to Benin

Frequent industrial action by workers in the electricity supply industry ...
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Daily Watch – CBN sees forex freefall, MTN talks yet to commence

The CBN has seen a freefall in its foreign reserves ...
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Daily Watch – Two more power plants shut, Kaduna serenades businesses

Nigeria’s electricity troubles have worsened as two additional power generating ...
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Daily Watch – Transporters groan under weight of petrol scarcity, Crude oil price slips

Transporters in Lagos have said that the continuing petrol scarcity ...
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Daily Watch – Public anger rises over petrol scarcity, Fidelity exposed to ‘partially bad’ Oando loan

Bello Rabiu-Babura, Upstream Co of the NNPC, says the Kaduna ...
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Daily Watch – Petrol subsidy returns, IMF projects further fall in forex reserves

In recent days, the open market price of petrol has ...
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Daily Watch – Power hits zero, NNPC angles for new plants within refineries

Nigeria’s power generation collapsed completely on Thursday at exactly 12.58pm ...
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Daily Watch – Air Force gets in bed with Innoson, IT fraudsters take 0.08% of our GDP

The Nigerian Air Force has signed a Memorandum of Understanding ...
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Daily Watch – Power generation drops as fuel shortage bites, Nigeria ranks poorly in land registration

As the petrol shortages bite harder, power generation has dropped, ...
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Daily Watch – Senate summons Kachikwu over petrol scarcity, Food prices shoot up

The Senate has summoned the Minister of State for Petroleum, ...
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