Sunday, October 30, 2016

Manufacturers Return To parallel Market For Forex

The scarcity of foreign exchange from the official window has compelled some manufacturers to source funds from the black market in order to keep their business going.

In the coming months, affected manufacturing firms say consumers may have to pay about 100 per cent more than what they currently pay for locally manufactured products.

I Made You A Billionaire, Obasanjo Tells Africa's Richest Woman, Folorunsho Alakija

Former President Olusegun Obasanjo said on Saturday in Lagos that Mrs Folorunsho Alakija, Africa’s richest woman by Forbes reckoning, was among the 25 billionaires he made during his tenure as President. Obasanjo stated this at the 2016 Tony Elumelu Foundation Entrepreneurship Forum. The former president was reacting to an allegation by Alakija at the event, that the Obasanjo administration frustrated her effort when she ventured into oil business.

TRAGEDY! 31-Year-Old Man Drowns In Ogun River During Police Raid

A 31-year-old man, Gafar Ajibola, has been killed after drowning in Ogun River in Abeokuta during an alleged police raid.

The incident, which occurred in the early hours of Saturday, ‎threw the Oriyanrin community into mourning and palpable tension.

Terrorists Use Chemical Weapons During Attacks in Aleppo - Militia

A local militia's member told RIA Novosti that terrorists used chemical weapons during attacks in Syria's Aleppo.