• Crises looms as Travelex, BDC’s run out of dollars

    Crises looms as Travelex, BDC’s run out of dollars

    Travelex, a global foreign exchange dealer, authorised by the Central Bank of Nigeria to sell Basic Travel Allowance (BTA) and Personal Travel Allowance (PTA) to intending travellers, has according to investigation run into acute shortage of dollars.

    This abysmal development has left hundreds of travellers stranded as a result of the inability of Travelex to provide them withthe required foreign exchange.

    An official of Travelex at Murtala Muhammed International Airport, Lagos, who pleaded not to be named because he was not authorised […]

  • Italians set to vote in referendum that may spark crises in Europe

    Italians set to vote in referendum that may spark crises in Europe

    Italians are set to cast their vote in a historic referendum on which the exact details of the question they are voting on are quite technical – whether or not to accept constitutional reforms promoted by the centre-left prime minister, Matteo Renzi.

    But the outcome could have significant political and economic consequences – not just for Italy, but for financial markets and the future of the euro.

    Renzi has staked his legitimacy on the vote and declared he will resign if the […]

  • PDP IN CRISES AGAIN

    PDP IN CRISES AGAIN

    Just when it seemed like the boat of the Peoples Democratic Party,PDP, was beginning to float on calm waters after the crises that had been rocking it for several months, there are indications of fresh and devastating crises brewing in two states.

    Recently, the Ogun State chapter of the party announced the suspension of one of its major financiers and at least six other key members. The affected members are Buruji Kashamu, Bayo Dayo, Pegba Otemolu, Semiu Shodipo, Fatai Adeyanju, Segun […]

  • PDP crises will be over before next month end – Makarfi assures

    PDP crises will be over before next month end – Makarfi assures

    According to reports, the Peoples Democratic Party, PDP, Caretaker Committee Chairman, Sen Ahmed Makarfi, has predicted that the leadership crises that have bedeviled the party will be over by the end of the year.

    Speaking in Abuja, the former Kaduna State governor said the decision to give the caretaker committee a one year extension in Port Harcourt during the party’s National Convention in Port Harcourt, Rivers State in August was a right decision.

    According to Makarfi, before the tenure of his committee […]

  • Settle leadership crises in 7 days or we will take over – PDP Youths warn party

    Settle leadership crises in 7 days or we will take over – PDP Youths warn party

    Youth groups within the Peoples Democratic Party, PDP, on Tuesday threatened to take over the party if the leadership tussle currently rocking the party is not resolved within seven days.

    Chairman of the coalition, Aderemi Olusegun, gave the warning at the party’s National Secretariat in Abuja while addressing reporters.

    Olusegun said youth of the party felt it was necessary to come together and take a position in the interest of the party following the failure of its leaders to form a quorum […]