February 29, 2016/Punch The Federal Government said on Sunday that the removal of 23,846 non-existing workers from its payroll had led to a monthly reduction of N2.29bn in its salary bill. It stated that through the ongoing Bank Verification Number-based staff audit and enrolment to the Integrated Payroll and Personnel […]
Tag: Punch
Naira fall: Used vehicle prices soar, sales drop
February 29, 2016/Punch The continued depreciation of the naira against the world’s major currencies is hitting hard on the Nigerian economy, with the importation and patronage of used vehicles, popularly called Tokunbo, at an all-time low, COMFORT OSEGHALE writes These are not the best of times for importers of and […]
Forex scarcity: Banks in multi-million-dollar racketeering
February 13, 2016/Punch Commercial banks in the country are raking in millions of dollars from a foreign exchange racketeering which has been fuelled by the acute shortage of hard currency in the economy, investigation by the Saturday PUNCH has revealed. The Central Bank of Nigeria has been rationing forex to […]
