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Dangote shuns Innoson, orders 10,000 trucks from Indonesia

Dangote Group has concluded plans to purchase 10,000 light pickup trucks. But the company appears to have shunned Nigerian carmaker, Innoson Vehicle Manufacturing, IVM, as trucks are coming in from Indonesia. Putu Juli Ardika, the Indonesian Director of Maritime Industry, Transportation Equipment and Defense Equipment, the vehicles would be purchased …

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Infrastructure: South-East launches fresh action plan

The South-East Economic Summit ended in Enugu with people of the region rolling out fresh development plans. The annual summit was organized by the South-East Governors’ Forum, in collaboration with the South-East Region Economic Development Corporation, SEREDEC. The zone resolved to take advantage of the I.2 billion pounds project fund …

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‘CBN Governor’ arrested in Uyo

A cyber fraudster (yahoo boy) by name Onyebuchi Nwalozie Julius has been arrested by the Economic and Financial Crimes Commission EFCC, in Uyo, Akwa Ibom State, for impersonating the Governor of the Central Bank of Nigeria, Dr. Godwin Emefiele. Onyebuchi, a native of Ngor-Okpala in Imo State, who claims to …

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Performing Better Than Nigeria – IMF

The International Monetary Fund (IMF) on Thursday announced that oil-dependent economies like Nigeria’s continued to perform worse than countries dependent on other exports. According to the organisation, the trend has been on since the crash in oil prices in 2014. The IMF disclosed this in its policy paper on macroeconomic …

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67-year-old farmer sentenced to prison for killing 4 cows

A Dutse Grade I Area Court, Abuja, on Thursday, sentenced a 67-year-old farmer, Samson Aku, to three months imprisonment for maiming and killing a herder’s cows, which strayed into his farm. The Presiding Officer, Mr Suleiman Mohammed, sentenced Aku after finding the convict guilty of the charges filed against him. …

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