Day: February 22, 2024

Who Will Save the Naira? Manufacturers Cry Out, Want Preferential FX Allocation

•Say less than 20% of FX requirement available in banks •Concerns mount over crypto speculation as naira sustains free fall at parallel market, now N1920/$ •EFCC arrests BDC operators in Kano, Ibadan •ABCON blames FX volatility on market forces, liquidity challenges Emmanuel Addeh, James Emejo in Abuja, Dike Onwuamaeze, Nume Ekeghe in Lagos, Ahmad Sorondinki […]

Nigerians can feed themselves if insecurity is handled — Ex-AGF, Aondoakaa

Former Attorney-General of the Federation and Minister of Justice, Michael Aondoakaa said Nigerians would be able to feed themselves once the issue of insecurity is fixed. Aondoakaa said this in an interview with Arise Television on Tuesday. He said, “The main issue now is that of security. Nigerians have the capacity to feed themselves. They […]

Gridlock: Businesses, others lose N100bn monthly as petrol tankers, containers occupy Apapa roads

THERE were indications,weekend, that businesses and others might be losing over N100 billion monthly as containers and petrol tankers continue to stay permanently on Apapa roads and environs in Lagos, where Tin Can and Apapa ports, factories, bonded terminals and other corporate organisations carry out their operations.Our Correspondents, who monitored the situation, noticed that the […]

Hardship: DSS, NLC in face-off over planned protest

ABUJA —The Department of State Services, DSS, has asked organised labour to shelve its planned nationwide protest over high cost of living and sundry issues in the country in the interest of peace. But the Nigeria Labour Congress, NLC, yesterday dared the DSS to stop the protest, advising the secret police to face its of […]

Motorists groan as fuel scarcity hits Lagos hard

The queues, The PUNCH gathered, started building up in some parts of Lagos on Tuesday. The queue was borne out of fear by Nigerians that premium motor spirit might become scarce as a result of the now-suspended NARTO strike. On Tuesday and Wednesday, Nigerians stormed filling stations to engage in panic buying. It was learnt that the […]

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