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All posts by David Abellegah

  • Reps move to strip CBN of its supervisory powers

    The House of Representatives wants a new body to take over the supervisory roles handled by the Central Bank of Nigeria (CBN). There are pointers to the fact that the CBN might be stripped of these powers...

    • Posted January 8, 2013
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  • “It’s deceitful and meaningless” – PDP condemns Ondo 2013 budget

    The Ondo State Chapter of the People’s Democratic Party (PDP) has strongly condemned the 2013 budget of the Ondo State Government. Governor Olusegun Mimiko had last week presented a budget proposal of N151 billion to the Ondo...

    • Posted January 7, 2013
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  • CBN shifts deadline for legacy banks’ cheques to March

    The Central Bank of Nigeria (CBN) has shifted its set January 2 deadline for the acceptance of legacy banks’ cheques to March 31. CBN last November instructed all banks and financial institutions to stop accepting cheques from...

    • Posted January 7, 2013
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  • FG to commence effective water resources management, makes new strategies

    In its effort to facilitate an effective management of water resources in the country, the Federal Government has commenced an urgent review of its strategies. The development was made public on Friday in Abuja by the Minister...

    • Posted January 7, 2013
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  • “It is far from perfect” – Banks’ customers fault cashless policy

    The Central Bank of Nigeria (CBN) championed the cash-less policy last year but failed to lay a solid foundation for its institutionalization on the streets, although, some people have already imbibed the policy and are using it,...

    • Posted January 7, 2013
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  • NCC, SON Sends Out a Strong Message to Violators in 2013

    The Nigerian Communication Commission (NCC) last Friday sent out a warning message to Telecom operators who failed to adhere to rules and regulations of the commission, stating that the commission will not let any offender go unpunished...

    • Posted January 6, 2013
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  • Dagogo-Jack backs President Jonathan on 5,000MW power generation claim

    The Presidential Task Force on Power (PTFP) has backed President Goodluck Jonathans on 5,000MW Power Generation claim, saying, “President Jonathan did not lie” Speaking on the development in Abuja, PTFP moved against media reports, which misinterpreted the...

    • Posted January 5, 2013
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  • FG denies media reports about N60bn budget for farmers’ mobile phones

    The Federal Government yesterday refuted the recent media report that it is investing N60bn in the purchase of mobile phones for rural farmers. This denial was forwarded by the Minister of Agriculture and Rural Development, Dr. Akinwumi...

    • Posted January 5, 2013
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  • Fidson calls for support from NAFDAC against drug counterfeiting

    Fidson Healthcare Plc, a manufacturing giant yesterday called on stakeholders in the pharmaceutical industry to lend a helping hand to the National Agency for Food, Drugs Administration, and Control (NAFDAC) on the fight against fake drugs and...

    • Posted January 5, 2013
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  • PRTT recovered N221bn stolen Pension Fund In 2012

    The Pension Reform Task Force Team (PRTT) is living up to its promise of recovering all missing pension funds, saying that as at 2012, it recovered N221bn of the funds stolen by those who handled the scheme...

    • Posted January 4, 2013
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