CBN Hammer Hovers over Sky Bank, Others

There is palpable fear in the Banking sector as the Central Bank of Nigeria, CBN, over flouting of orders revolving  around the publication of their Financial statements as required by regulations. It was gathered that no fewer than eight Banks are under scrutiny. The CBN had warned Chairmen of Banks who fail to publish their Financial reports as at when due will face sanctions, and even removal depending on how long the delay was found to be, baring other parameters. Some banks, it was gathered, have even delayed the publication…

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Rivers: 2019, Who Takes Over Brick House?

By Stephen Ubanna Ahead of the 2019 general elections, the political landscape appears  tense as  gladiators  go back to the trenches to prepare the ground to occupy Brick House, the Seat of power in Rivers state. The PDP still want to maintain  its  tenancy  of the Brick House  while the APC, led by Rotimi  Amaechi, the former governor of the state and Minister of Transport wants  the opposition party to be  the new occupant of the Brick House. The Source investigation shows that Peter Odili, a Medical Doctor and a…

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Dilema of Rice Importers

By Stephen Ubanna Rice  importers  across the country appear to be in dilema over  government  policy measure baring  rice importation  from the Central  Bank of Nigeria , CBN,allocation, from the foreign exchange, forex,  market. Rice , vegetable Oil and processed tomatoes/Tomato  paste and palm oil are among the 41 items classified by the apex bank as ineligible  for  forex, according to Isaac Okoroafor, an Assistant  Director, and the apex bank spokesman because they could easily be produced in Nigeria, rather than spend  the country’s  reserves to import them. The  importers…

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Prsident Buhari’s Goof

By Oji Odu Just as Nigerian youths and Nigerians are trying to swallow the alleged misinformation of President Muhammadu Buhari to the comity of nations that the Nigerian youths just sit down and expect everything to be done for them, and by inference, they are lazy, the number one citizen went ahead to tell the whole world that the killings without boarder allegedly by AK47 wielding Fulani herdsmen is false. He said that they don’t carry AK47 rifles. Buhari had during the bilateral talks with President Donald Trump of the…

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