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Showing posts from March 5, 2015

America bans owners of Amigo supermarket, Wonderland Amusement Park over alleged terrorist activities

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The United States of America has banned the owners of Nigeria’s Amigo Supermarket and Wonderland from dealing with any U.S. person. In a statement, the United States Department of Treasury said it has frozen all property and assets owned by Fauzii Fawad, Mustapha Fawaz and Abdallah Tahini.

Fuel Scarcity: Nigerian govt. to pay $30bn exchange rate differentials to marketers

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The Minister of Finance, Ngozi Okonjo-Iweala, said on Wednesday that the Federal Government had agreed to pay 30 billion dollars foreign exchange differentials owed to oil marketers. Ms. Okonjo-Iweala made this known on Wednesday in Abuja while briefing journalists after a meeting with the Central Bank, Petroleum Products Pricing Regulatory Agency, major oil markers and depot owners.