EXCLUSIVE: Chinese Operator Risks Sanctions As Federal Government Shuts Abuja Supermarket For Barring Nigerians

EXCLUSIVE: Chinese Operator Risks Sanctions As Federal Government Shuts Abuja Supermarket For Barring Nigerians

By Toffa Momoh, Abuja The Federal Competition and Consumer Protection Commission, FCCPC, has put an Abuja-based Chinese supermarket under lock and key for barring Nigerians and restricting entry to Chinese nationals. The commission, which on Monday summoned the owner of the supermarket along Airport Road, to appear before it on Wednesday, said it would deploy “regulatory tools” against the management. The commission gave the directive on Monday following discreet investigations […]

April 23, 2024 36

BUSINESS

CBN plans tough sanctions for banks

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has vowed to pursue an aggressive regulatory environment to reduce infractions in the country’s banking system. He said this on Tuesday in Abuja at the Monetary Policy Committee meeting of the apex bank, the first since he assumed office in September 2023. He also stated that an in-depth investigation was underway to determine the necessary actions against banks involved in […]

February 28, 2024 53

NEWS

Betta Edu: Tinubu vows sanctions as anger grows over N585m scandal

President Bola Tinubu on Sunday directed a comprehensive inquiry into the alleged N585m scandal in the Federal Ministry of Humanitarian Affairs and Poverty Alleviation. He vowed to “decisively punish” those involved in any breaches and infractions unravelled during the investigations. The President gave the directive in a statement issued by the Minister of Information and National Orientation, Mohammed Idris, as anger grew over the alleged breach of the Federal Government’s financial regulations. […]

January 8, 2024 44

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