• Ebonyi bans sale of foreign rice in markets

    Ebonyi bans sale of foreign rice in markets

    According to reports, the Ebonyi Government is to enforce its ban on the sale of foreign rice in markets and other outlets in the state.

    Governor David Umahi made the disclosure when participants of the Armed Forces Command and Staff College, Senior Course 39, Jaji, visited him in Abakaliki on Monday.

    The governor said the order would soon be enforced to ensure that the residents patronised home-grown Ebonyi Rice.

    He said, “I will personally lead a task-force, consisting of the State Executive Council […]

  • NUPENG rejects sale of NNPC assets

    NUPENG rejects sale of NNPC assets

    According to reports, the Nigeria Union of Petroleum and Natural Gas Workers says it will not support the sale of NNPC’s assets without proper consultation with labour unions in the petroleum sector.

    Alhaji Tokunbo Korodo, the South-West Chairman of the union, made the declaration on Tuesday in Lagos.

    The oil workers had on November 13 declared that they would reject any attempt by the Federal Government to sell some of its stakes in the NNPC.

    The Federal Ministry of Petroleum Resources released a […]

  • FG to stop sale of substandard vehicles, parts

    FG to stop sale of substandard vehicles, parts

    It was gathered that the National Automotive Design and Development Council has said it will take necessary steps to combat the sale of substandard vehicles and fake auto parts across the country

    The Director-General, NADDC, Mr. Aminu Jalal, who spoke through the agency’s Technical Adviser, Mr. Abubakar Dalhat, at a training workshop in Kano, said the council in collaboration with the Standards Organisation of Nigeria had adopted over 130 international automotive standards for safety.

    The NADDC DG said as part measures being […]

  • CBN suspends other banks, approves only First Bank for Forex sale to BDCs

    CBN suspends other banks, approves only First Bank for Forex sale to BDCs

    According to reports, the Central Bank of Nigeria (CBN) has suspended commercial banks in Nigeria except First Bank from selling foreign exchange directly to Bureaux De Change operators following their failure to comply with the July 22, 2016, directive to sell inflows from International Money Transfer Operators (IMTO) to BDC.

    The CBN Wednesday also suspended 195 BDCs from the market following their failure to renew their operating licenses.

    Banking sources told THEWILL that a circular on the development was sent to the […]

  • Kalu writes Buhari, kicks against sale of assets

    Kalu writes Buhari, kicks against sale of assets

    Former Abia State Governor and business mogul, Dr. Orji Uzor Kalu, has expressed support for President Muhammadu Buhari’s war against corruption and suggested relevant steps to address the nation’s economic woes.

    Kalu, in a letter to the president, lamented the dwindling fortunes of the nation’s economy.

    He said the last 10 months have been a most difficult period for Nigerians, particularly the unemployed and those at the bottom of the economic ladder, whom he noted constitute the highest percentage of the nation’s […]

  • FG expects N20bn from sale of presidential jets

    FG expects N20bn from sale of presidential jets

    Not less than N20 billion (about $50 million) is expected by the Federal Government from the sale of two out of the 10 airplanes in the presidential fleet.

    The figure, according to sources, is based on “the current market value” of Falcon 7X and Hawker 4000, as well as their year of entry into service (still recent) and the short distance they have travelled till date.

    Aviation experts corroborated the valuation of the aircraft, with some telling the office of the National […]

  • The supposed ‘Bible’ used by Rapper Tupac Shakur in prison has been put up for sale… Guess the Amount

    The supposed ‘Bible’ used by Rapper Tupac Shakur in prison has been put up for sale… Guess the Amount

    After how many years? The Bible (pictured) late American rapper, Tupac Amaru Shakur read while serving time at a maximum security prison has been put up for sale.

    “A member of Tupac’s family put the bible in the hands of online dealer Moments in Time — which set the price at a cool $54k.

    The late rapper signed it along with his inmate number from the 9 months he spent at Clinton Correctional Facility in 1995.

    We’re told Tupac’s estate is not behind […]

  • We’re opposed to assets’ sale, not concessioning – Senate

    We’re opposed to assets’ sale, not concessioning – Senate

    Following the Senate’s refusal to throw its weight behind the proposed sale of national assets by the federal government, the Red Chamber has said that further consideration into the matter is not foreclosed, as concession remains another viable option.

    Majority Leader of the Senate, Senator Mohammed Ali Ndume, made the disclosure while briefing journalists in his office at the National Assembly, Abuja, at the weekend.

    Recall that the federal government had recently considered the sale of critical national assets in order to […]

  • Recession: Fayose, Aregbesola disagree on sale of national assets

    Recession: Fayose, Aregbesola disagree on sale of national assets

    According to reports, the Governors of Ekiti and Osun States, Ayodele Fayose and Ogbeni Rauf Aregbesola, have disagreed on the controversial issue of selling the nation’s national assets to finance the 2016 budget and salvage Nigeria.

    The governors expressed the divergent views during the weekend during the 20th anniversary of Ekiti State, where Governor Aregbesola delivered a keynote address bordering on the current Nigeria economic challenges.

    A group of stakeholders of Ekiti State people comprising state civil servants, traditional chiefs and rulers, […]

  • Samsung’s Note 7 phones back on sale after recall

    Samsung’s Note 7 phones back on sale after recall

    Samsung’s flagship Galaxy Note 7 Smartphones went back on sale in South Korea on Saturday, a report said.

    Almost a month after the electronics giant was forced to undertake a worldwide recall of the devices due to the risk of them catching fire.

    “The new phones have been fitted with new batteries, they will go on sale again in Europe on Oct. 28,” a spokesman said.

    Samsung launched the recall early September after admitting that the so-called phablet, which was originally launched on […]

  • Police nab four over sale of six months old baby in Asaba

    Police nab four over sale of six months old baby in Asaba

    Police in Asaba, Delta State yesterday arrested three women and a driver for trying to sell a six-month-old baby. According to an eyewitness who gave her name as Victoria, she said the suspects arrived Coka Motor Park at Ibusa junction in a yellow taxi with registration Number AN165XX at 12:30pm.

    While negotiations for the sale of the baby lasted, the park officials who smelt a rat, alerted the police who rounded them up.

    The police officers, who spoke on condition of anonymity, […]