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Articles by Dotun Oloko
Transparency and Natural Resources: How the U.S. Can Regain Its Leadership
Transparency and Natural Resources: How the U.S. Can Regain Its Leadership Ben Cardin, Daniel Kaufmann, Stephen Comstock, Bennett Freeman, Dotun Oloko, Simon Taylor, and Michelle Kosmidis In 2010, the United States made history by becoming the first country to require all oil, gas and mining companies listed on its stock exchanges to publish their payments to governments around the world—without exception.
Letter To President Buhari: Urgent Request For Evacuation Of Nigerians Stranded In Wuhan, China By Ayodeji Idowu
February 08, 2020 His Excellency, President Muhammadu Buhari (GCFR), President, Federal Republic of Nigeria Dear Mr President, Urgent Request For Evacuation Of Nigerians Stranded In Wuhan, China My name is Ayodeji Adetunji Idowu, I am one of the Nigerians currently residing in Wuhan, the epicenter of the Coronavirus epidemic outbreak.
Customs Impounds $8.1m At Lagos Airport
Officials of the Nigeria Customs Service attached to the Murtala Muhammed International Airport, Lagos, have impounded the sum of $8,065,612m about to be illegally ferried out of the country through one of the international airlines. The service said that the sum was discovered in 20 wraps inside a coaster bus at the tarmac of the airport on January 16, 2020 at the E-Wing of the airport.
Be Ready To Repay Abacha Loot If Stolen Again, United States Tells Nigerian Government
The United States has warned Nigeria to be prepared for repayment if the $308m Abacha loot about to be released to the country was stolen again. Spokesperson for the US State Department, Morgan Ortagus, in a statement that this was part of the deal with the Nigerian authorities before the Island of Jersey where the funds are being kept, agreed to its repatriation.
AfDB To Grade Banks On Loans To Women, Says Adesina
President of the African Development Bank, Dr Akinwumi Adesina, has called for greater access to finance for African women. Akinwumi made the call when he addressed the inaugural session of the Global Gender Summit on Tuesday. News Agency of Nigeria reports that AfDB and the Government of Rwanda are hosting the Global Gender Summit from November 25 to 27 in Kigali. The summit is being organised by the Multilateral Development Banks’ Working Group.
Moody’s Applauds Nigeria’s World Bank $3bn Loan
Moody’s has lauded the initiative by the Nigerian Government to obtain a $3bn loan from the World Bank to improve the failing electricity of the country. Christopher Bredholt, Vice President and infrastructure analyst at Moody’s, in a statement sent to SaharaReporters described the loan as a means of improving the access to electricity of many Nigerians.
GTB, UBA, Standard Chartered Bank, First Bank, Citibank, 7 Others Forfeit N499 Billion To CBN Over Loan Ratio Default
The Central Bank of Nigeria has deducted a total of N499,175,535,097 from the accounts of 12 banks under its supervision, over their failure to meet the September 30, 2019 deadline it had stipulated for them to maintain 60 percent loan-to-deposit (LDR) ratio. The banks are Citibank, FirstBank of Nigeria, FBNQuest Merchant, First City Monument Bank, Guaranty Trust Bank, Jaiz Bank, Keystone Bank, and Rand Merchant Bank.
Unity Bank In Flames As Fire Guts Head Office
The Head Office of Unity Bank Plc, a commercial bank, in Victoria Island, Lagos, has been engulfed in an inferno. The incident happened at the early hours of Monday morning. The bank confirmed the incident at about 8 am via its official Twitter handle. "We regret to inform the public that there was a fire incident on one of the floors of our head office building early this morning.
Experts Confused Over CBN’s Charges On Online Transactions
Players in the finance sector say they are unsure of the thinking behind the Central Bank of Nigeria’s decision to effect N50 per N1,000 transaction online. In two circulars, which became effective on Tuesday and Wednesday, the apex bank placed levies on withdrawals and deposits into money deposit banks— a move experts acknowledge could enhance the cashless policy drive and mandate retailers to collect N50 for every N1,000 online transaction they carry out.
Prices Of Goods To Rise As Haulage Cost Shoots By 500%
There are strong indications that the cost of imported goods may rise following the rising cost of haulage of cargo at the Apapa port in Lagos by over 500 per cent in recent times. Importers, yesterday, expressed worry over the latest development occasioned by the gridlock in the area. The importers alleged that truck drivers have hiked their charges per container from the sea ports in Apapa to warehouses in Lagos from N120,000 to N700,000.
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