options

Buhari Weighs Options On Magu, Fowler’s Tenure

Buhari Weighs Options On Magu, Fowler’s Tenure

  • President to decide whether to extend their tenures as done for military chiefs, or give them second terms

As the tenure of Acting Chairman, Economic and Financial Crimes Commission (EFCC), Mr. Ibrahim Magu, and the Chairman of Federal Inland Revenue Service (FIRS), Mr. Babatunde Fowler, come to an end, their fate hang in the balance with President Muhammadu Buhari weighing his options on the leadership of the two prime agencies.

Although there is lack of clarity on their effective dates of appointments, presidency sources told THISDAY wednesday that the president would definitely make a decision within weeks.

While Magu was …

Ban on palm oil import: Stakeholders weigh options

Ban on palm oil import: Stakeholders weigh options

The Federal Government’s renewed plan of outright ban of palm oil importation is receiving conflicting reactions from stakeholders in the industry.

While some consider it as a right step towards developing local production, other said it is ill timed, as it might translate to high cost of the commodity in the long run.

A fortnight ago, the Federal Government directed the Central Bank of Nigeria (CBN), to blacklist firms importing palm oil and 42 other items. With the directive, it is now an offence for any company or individual to import palm oil.

The CBN Governor, Mr. Godwin Emefiele,