Saturday, September 25

Tag: Printing

We can’t sanction spray of Naira notes, we are not a Law Enforcement Agency — CBN
News

We can’t sanction spray of Naira notes, we are not a Law Enforcement Agency — CBN

The Central Bank of Nigeria (CBN) has said that it cannot enforce laws against violators of its currency or financial rules. Acting Director of CBN's Corporate Communications, Osita Nwanisobi who represented CBN Governor Godwin Emefiele at an interactive session with the organised labour in Calabar, Cross River state over weekend, warned against mishandling, defacing and rough-treating the Naira as the federal government spends much to print it. According to Nwanisobi, the cost of printing the Naira is usually borne by the people in the long run. He said; “CBN is not a law enforcement agency. But we completely frown at such an attitude where the national currency is not accorded its due respect as other nationals do their currencies." CBN's five year financial policy for 2019 t...
“My God is the reason I ‘m always glowing” – Billionaire businesswoman, Apostle Folorunso Alakija says as she turns 70
News

“My God is the reason I ‘m always glowing” – Billionaire businesswoman, Apostle Folorunso Alakija says as she turns 70

Billionaire business woman and philanthropist, Apostle Folorunsho Alakija, is celebrating her 70th birthday celebration today, Thursday, July 15.   Taking to her official social media accounts, the founder of Rose of Sharon Glorious Ministry International, who is happily married to Modupe Alakija for well over four decades, attributed her constant 'glow' to God.   The business mogul who now prefers to be known as Apostle Alakija, has her hands in real estate, oil and gas and the printing industry.   In 2020 she was ranked by Forbes Magazine as the richest woman in Nigeria and the second most powerful woman in Africa after Ngozi Okonjo-Iweala.  
Wike Defends Obaseki’s ₦60 Billion Printing Claim
Politics

Wike Defends Obaseki’s ₦60 Billion Printing Claim

Rivers State Governor, Nyesom Wike, has said claims by his Edo State counterpart, Godwin Obaseki that Federal the Government printed about N60 Billion to share to the federating units in March cannot be regarded as spurious. The governor challenged the Central Bank of Nigeria to unequivocally declare if money was printed or not. Wike stated this while briefing journalists in Abuja on Sunday, according to a statement issued by his Special Assistant on Media, Kelvin Ebiri, and made available to newsmen in Port Harcourt on Sunday. “Obaseki was in APC, so he understands them. So, Obaseki couldn’t have come from the blues to say they printed N60 billion. He knows them,” he stated. The Governor further said it was regrettable that instead of the Governor of Central Bank, Mr. Godw...
“Don’t Play The Ostrich” – Obaseki Replies Finance Minister, Zainab Ahmed On Printing Of N60 Billion
Politics

“Don’t Play The Ostrich” – Obaseki Replies Finance Minister, Zainab Ahmed On Printing Of N60 Billion

1. While we do not want to join issues with the @FinMinNigeria, we believe it is our duty to offer useful advice for the benefit of our country. 2. The Minister of Finance, Budget and National Planning, @ZShamsuna should rally Nigerians to stem the obvious fiscal slide facing our country. 3. Rather than play the Ostrich, we urge the government to take urgent steps to end the current monetary rascality, so as to prevent the prevailing economic challenge from degenerating further. 4. We believe it is imperative to approach the Nigerian project with all sense of responsibility and commitment and not play to the gallery because ultimately, time shall be the judge of us all. Edo State Governor, Godwin Obaseki
Malaysian Firm Battles FG Over Multi Billion Naira Passport Printing Contract
Politics

Malaysian Firm Battles FG Over Multi Billion Naira Passport Printing Contract

A directive by the President, Major General Muhammadu Buhari (retd.), in 2019 that the Nigerian passport booklets should be produced locally has not been carried out two years down the line. Sunday PUNCH gathered that the delay was due to the inability of the Ministry of Interior to terminate the contract awarded to Smart Technology Nigeria Limited for the production of the passport booklets. Smart Technology Nigeria Limited works in partnership with its parent company, Iris Corporation, based in Kuala Lumpur, Malaysia. The e-passport booklets are produced in Malaysia, but the Nigeria Immigration Service activates the passport through the biometric data transfer. It was gathered that the Ministry of Interior and the NIS officials have been holding meetings with ISTL for o...
”Don’t Come to me With your Religious Arrogance”- 2face Reacts to Pastor Suleiman’s Video
Celebs

”Don’t Come to me With your Religious Arrogance”- 2face Reacts to Pastor Suleiman’s Video

Nigerian singer 2Face Idibia has reacted to the recent video Apostle Johnson Suleiman, after he said he makes money through speaking in tongues. The clergyman while preaching at a church, said; “There is a rumor going round that I have the machine that prints money. I like that rumor. They said he should be investigated that he has a machine that prints money. Somebody asked is it true, I said yes. He said I didn’t know because I have already bought the machine. When you speak in tongues, you are printing money.” 2face reacting to the viral video on his Instastories said the church members were shouting when the Apostle said this, without realizing that they are the machine that prints the money. The singer warns that no one should come to him with religion arrogance, while...
FEC Approves ₦2.9 Billion For Printing Of Question Papers, Others
Politics

FEC Approves ₦2.9 Billion For Printing Of Question Papers, Others

The Federal Executive Council on Wednesday approved N2.9 billion contracts for the printing of sensitive and non-sensitive examination materials. The council also approved N1.6bn for the rehabilitation and upgrade of some roads within the Federal Capital Territory, Abuja. The decisions were taken at the council’s meeting presided over by the President, Major General Muhammadu Buhari (retd.). Minister of Information and Culture, Lai Mohammed; Minister of Education, Adamu Adamu; and the Minister of the Federal Capital Territory, Mohammed Bello, briefed State House correspondents at the end of the meeting at the Presidential Villa, Abuja. Adamu said the printing contracts were awarded to a group of eight printers. According to the minister, the materials are meant for the B...
Nigeria Should Start Printing Other Nation’s Currencies And Passports – Uba Sani
Politics

Nigeria Should Start Printing Other Nation’s Currencies And Passports – Uba Sani

Chairman Senate Committee on Banking , Insurance and Other Financial Institutions, Senator Uba Sani has expressed the willingness of the 9th Senate to support the Nigerian Security Printing and Minting company to produce Nigerian passports locally. The Kaduna Senator representing Kaduna Central Senatorial District also assured the Senate's resolve to ensure that monies being owed to the Asset Management Company of Nigeria (AMCON) by some Nigerians were recovered. Uba stated this in a brief interview in Abuja, shortly after the Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru and Abbas Umar Masanawa the Managing Director of the Nigerian Security Printing and Minting company (NSPMC) appeared before the Senate Committee on Banking, Insurance and other Fi...
Black model slams magazine for printing another model’s photo next to her interview
Lifestyle

Black model slams magazine for printing another model’s photo next to her interview

A black Australian supermodel has lashed out at a magazine for publishing the photo of a totally different model alongside her interview. Adut Akech, who is originally from South Sudan, slammed Who Magazine for the blunder, describing it as “disrespectful”. The supermodel was interviewed by the glossy mag on the issued of race and refugees. While she was happy with how the article had been worded for publication, she was horrified to see that they had accidentally published the photo of Flavia Lazarus instead of her photo. In a statement, Adut said: “With the article, they published a large photo saying it was me, but it was of another black girl. “Not only do I feel personally insulted and disrespected, but I feel like my entire race has been disrespected too.” She add...
Nigeria Ranks 4th In Soft Drinks Consumption Globally
News

Nigeria Ranks 4th In Soft Drinks Consumption Globally

German Engineering Federation has today ranked Nigeria as the fourth country with the most sales of soft drinks globally. The fact was revealed by Mrs Martina Claus, Head of Market Development, while speaking at the ongoing Third International Trade Exhibition on Agrofood, Plastics, Printing and Packaging in Lagos, reports NAN. She said that the statistics on soft drinks sales were sourced from the Euromonitor International, a global market intelligence publisher. The market developer said the statistics showed that 38.68 million litres of soft drinks were sold in Nigeria in 2016. “This puts Nigeria behind only the United States (114.75), China (88.18) and Mexico (45.30) in the top markets ranking. “Also, 1.98 million litres of alcohol was sold in Nigeria in 2016, ...

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