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World Bank has reportedly list Nigeria among top 20 reformers in ease of doing business

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Out of 190 countries, the World Bank has listed Nigeria as one of the top countries that has improved and carry out reforms in the ease of doing business.

The Apex Bank disclosed this report on Friday, September 27.

Other countries on the list are: Azerbaijan, Bahrain, Bangladesh, China, Djibouti, India, Jordan, Kenya, Kosovo, Kuwait, The Kyrgyz Republic, Myanmar, Pakistan, Qatar, Saudi Arabia, Tajikistan, Togo, Uzbekistan and Zimbabwe.

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Traders laments over goods being trapped and looted over border closure

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A reort by New Telegraph indicates that suspected thieves have started descending on trapped lorries-load of goods, trapped at some of the major border points across the country, including that of Cotonu, Benin Republic.

According to the report, the thieves took advantage of the continuous closure of the borders to perpetrate the heinous crime, since most of the goods cannot be conveyed to their final destinations.

The development is said to have further heightened fears in the minds of some of the businessmen and women whose goods are trapped at the borders.

The traders lamented that their inability to the transport their goods to their respective destinations had made them incur huge losses and debt.

One of the traders, who deals on tomato pastes, sugar, butter, vegetable oil among others, said most of his goods which were trapped at the Seme border, have been stolen since there were no security checks for the trucks.

He said he was at a loss as to the next line of action, given the fact that he was hugely indebted to a micro-finance bank.

“I am finished. The bank I obtained loan from is after me. Every minute, my telephone rings and the next thing I hear is when are you paying our money. I didn’t envisage this,” the trader, who pleaded anonymity said.

He added: “Our goods that trapped at the border are being stolen by thieves who take advantage of the situatin to further inflict pains on us.”

Another trader who identified herself simply as Mrs. Oluyomi, said about 120 bags of rice, which were supposed to have been transported to her in Ijeshatedo, were stuck at the border but what baffled her was that when she called to know the state of her goods, she was told the bags (rice) had been stolen with only 15 bags left.

“The bank, which gave me the loan has started chasing me to collect its money. I just don’t know what to do,” she cried out.

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Don Jazzy blast CBN to charge for deposits and withdrawal

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Earlier on the Central Bank of Nigeria (CBN) on Tuesday September 17, said there would be an implementation of policy which would signal the imposition of charges on deposits and withdrawal.

According to the CBN, the effect will start from Wednesday September 18, and it will attract 3% processing fees for withdrawal and 2% fee for deposits of amount above N500,000 for individual account.

Following the wide spread news, Nigerian popular singer and music producer, Don Jazzy, react to the new policy in a tweet, which he said that the new policy reeks of a desperate move by CBN to generate revenue.

See tweet below:

Read some reactions by Nigerians

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CBN to offer job employment to first class Economics graduates from Ebonyi state

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The Central Bank of Nigeria (CBN) has undertaken to hire all individuals of the students of Ebonyi State, who graduate with a first class degree in Economics.

The statement was made public by the state Commissioner of information and orientation, Uchenna Orji, during a press briefing on the outcome of the state’s weekly executive meeting, on Thursday September 12, Daily Trust reports.

According to the Commissioner, He says: “The funds would be housed by Zenith Bank, which would ensure that it would be disbursed in line with the terms of the agreement, while the Ministry of Human Capital Development was to be discussed with the Development of Small and Medium Enterprises to ensure effective implementation”.

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