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Petrol scarcity looms as tanker drivers halt operations

Petrol scarcity looms as tanker drivers halt operations   Petrol scarcity may surface across the country as the Nigerian Association of Road Transport Owners on Monday ordered tanker drivers nationwide to halt operations beginning from Tuesday (today). NARTO gave the directive in Abuja in protest against the Federal Government’s ban on petroleum trucks above 45,000 litres from plying Nigerian roads. NARTO is the umbrella organisation of all commercial vehicles owners in Nigeria engaged in the haulage of petroleum products, general cargoes, and movement of goods and passengers within the country and the West-African sub-region. Speaking at a press briefing in Abuja, NARTO’s National President, Yusuf Othman, said members of the association would have to park their trucks on Tuesday and Wednesday as warning to government against the abrupt ban. He said, “NARTO received with grave shock the recent government decision to place immediate ban on all petroleum trucks above 45,...
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World Bank Group Seeks the Services of Young Professionals

The World Bank Group's Young Professionals Program (WBG YPP) The WBG YPP is a starting point for an exciting career at the World Bank Group. Young Professionals are recruited from around the world with various academic and professional backgrounds relevant to the World Bank, IFC and MIGA. We are looking for applicants who demonstrate a passion for international development, graduate education, relevant professional experience, and the potential to grow into impactful leadership roles across our institutions. The group is currently seeking application for young, innovative and result driven persons for employment.  Interested persons should visit. http://www.worldbank.org/ypp
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CBN okays dollar collection for diaspora remittances

CBN okays dollar collection for diaspora remittances The Central Bank of Nigeria (CBN) has stopped naira payment to recipients of diaspora remittances (dollar inflows) from International Money Transfer Operators (IMTOs). The customers are by a new regulation released on Monday, allowed to receive their funds through foreign currencies of their choice, including payment of the funds into domiciliary accounts. The new policy, contained in a circular signed by CBN Director, Trade & Exchange Department, O.S. Nnaji, is expected to simplify and improve receipt and administration of diaspora remittances into Nigeria. According to Nnaji, recipients of such IMTOs remittances have the option of receiving these funds in foreign currency cash or into their domiciliary accounts. According to the apex bank,  beneficiaries of diaspora remittances through the  IMTOs shall now get such inflows in foreign currency (US Dollar) through the designated banks of their choice. “...
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