Reps summon banks over new naira notes scarcity

The House of Representatives, on Tuesday, resolved to invite Deposit Money Banks, also known as commercial banks, on Wednesday over the scarcity of new naira notes. The Punch reports that the Managing Directors/Chief Executive Officers of the banks, under the auspices of the Bankers’ Committee, are to meet with an ad hoc committee of the…

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Sanusi makes case for textile sector revival 

The Emir of Kano, Alhaji Muhammadu Sanusi II, has said that poor infrastructure, widespread smuggling, and the absence of effective copyright enforcement are key issues affecting the textile industry in Nigeria. The emir said this  in an interview with journalists in Kaduna on Tuesday shortly after a tour of United Textile Company Limited (UNTL) by …

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