NACCIMA: Non-payment of FX Forwards Pushing Companies into Bankruptcy Alleges unilateral breach of contract by CBN, decisions lack procedural fairness Raises legal and constitutional concerns, calls Tinubu to wade in to ensure a swift resolution James Emejo in Abuja and Dike Onwuamaeze in Lagos
The National President, Nigerian Association of Chambers of Commerce Industry Mines and Agriculture
(NACCIMA), Mr. Dele Oye, yesterday lamented that the non-payment of Foreign Exchange (FX) forwards had
severely crippled affected companies, pushing many towards bankruptcy. He said businesses and banks
involved are now burdened with exorbitant interest rates, averaging over 35 per cent.
Speaking exclusively to THISDAY, Continued on page 5
Enugu Govt Approves N183bn for 141 Urban Roads, 20 Rural Roads...
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Protests: Some Sacrifices Needed to Rescue Economy, Says Bagudu Insists Tinubu remains listening president, hardship caused by past policy failures
James Emejo in Abuja Minister of Budget and Economic
Planning, Senator Abubakar Bagudu, said some policy interventions were inevitable to put the economy on
the right path and better the lives of citizens, even though such measures might face criticism in some quarters.
Bagudu spoke against the backdrop of accusations that the ongoing protests across the
country against "bad governance" administration. had been fuelled by unpopular Continued on page 5 policies undertaken by the present
Knocks, Commendations Trail Tinubu’s Broadcast over Protests IBB: Democracy has come to stay in Nigeria, we must do everything to safeguard it Soyinka warns security agents on handling of protesters Diri, Edo commend peaceful protests, Mbah, Umahi, Uzodimma salute S’east for opting out Atiku says president’s speech is hollow, fails to address basis for agitations Ezekwesili, Ozekhome, Odinkalu, Peterside, PDP, others fault speech Another protest hits Kano despite curfew Protests end in Lagos, Sanwo-Olu opens new engagement channel with youths ȱ ¢ȱ ȱ ȱť
DURING INSPECTION OF VARIOUS ROAD INTERVENTION PROJECTS BY FG... L-R: Acting Federal Controller of Works, Enugu State, Engr. Ndem Okpi; Director of Federal Highways, South East Zone, Engr. David Nwachukwu; Minster of Works, Engr. Dave Umahi; and the governor of Enugu State, Dr. Peter Mbah, during the inspection of various road interventions by the federal government and Enugu State government on the Enugu-Onitsha, Enugu-Abakaliki, and Enugu-Port Harcourt Expressways…yesterday