Wednesday, November 14, 2018

Dyepkazah Shibayan

    Senate committee accuses Hajj commission of extorting pilgrims

Senate committee accuses Hajj commission of extorting pilgrims

An ad hoc committee of the senate has alleged that the National Hajj Commission (NAHCON) extorts Muslims who go on pilgrimage to Saudi Arabia.Presenting a report during plenary on Thursday, Adamu Aliero, chairman of the committee, accused NAHCON of "over bloated" charges.Aliero said his committee discovered that the commission's procurement processes were in not in line with the public procurement act.He [...]

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    Yahaya Bello: FG not planning to sell Ajaokuta Steel Complex

Yahaya Bello: FG not planning to sell Ajaokuta Steel Complex

Yahaya Bello, governor of Kogi state, says the federal government is not planning to sell the Ajaokuta Steel Complex.Bello said this on Thursday after meeting with Vice-President Yemi Osinbajo at the presidential villa.Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), had said there is a plan to sell complex in a bid to raise money to fund the [...]

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    Senate pays Omo-Agege’s entitlements — after court warning

Senate pays Omo-Agege’s entitlements — after court warning

Ovie Omo-Agege, senator representing Delta central, has received the entitlements accrued to him during his suspension by the upper legislative chamber.The senator was suspended after he instituted a suit against the senate in April. He filed the suit following the moves to suspend him.He was eventually suspended for 90 legislative days.But in May, a federal high court in Abuja nullified the [...]

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    Akpabio asks Saraki to resign after disagreement over sitting arrangement

Akpabio asks Saraki to resign after disagreement over sitting arrangement

Godswill Akpabio, senator representing Akwa Ibom north-west, says Senate President Bukola Saraki should resign his position.Akpabio made the call on Wednesday after he had a disagreement with Saraki in the senate chamber over sitting arrangement.Albert Akpan, senator representing Akwa Ibom north-east, had accused the All Progressives Congress (APC) in the state of plotting to create chaos ahead of the governorship [...]

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    Senate approves $2.78bn Eurobond request, cautions FG on borrowing

Senate approves $2.78bn Eurobond request, cautions FG on borrowing

The senate has approved the $2.786 billion loan request of President Muhammadu Buhari to finance the 2018 budget.The upper legislative chamber also approved $82.54 million to refinance the balance of $500 million Eurobond in the international capital market.Senate President Bukola Saraki had read the president's request on the floor of the senate last week Tuesday after the senators resumed from [...]

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    Senate withholds confirmation of three nominees for CCB board

Senate withholds confirmation of three nominees for CCB board

The senate has confirmed the nomination of seven appointees to the Code of Conduct Bureau (CCB) board.The upper legislative chamber confirmed the seven individuals after Sam Anyanwu, chairman of the committee on ethics, privileges and public petitions, presented a report for the consideration of the senators.In November, President Muhammadu Buhari had written the senate, asking for the confirmation of [...]

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    Senate asks CBN to increase maximum ATM withdrawal to N40k per transaction

Senate asks CBN to increase maximum ATM withdrawal to N40k per transaction

The senate has asked the Central Bank of Nigeria (CBN) to direct commercial banks to increase the maximum amount customers can withdraw from automated teller machines (ATMs) to N40,000 per transaction.The maximum is currently N20,000. The senate also asked the apex bank to suspend ATM card maintenance fees.The upper legislative chamber directed its committees on banking and finance to conduct [...]

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    Senate in rowdy session as Saraki refuses to recognise Akpabio

Senate in rowdy session as Saraki refuses to recognise Akpabio

The senate was thrown into a rowdy session on Wednesday after Senate President Bukola Saraki prevented Godswill Akpabio from speaking from a seat not assigned him.Akpabio, a former minority leader, has defected to the All Progressives Congress (APC) from the Peoples Democratic Party (PDP).Consequently, his former seat is now occupied by PDP senator, Olujimi Abiodun.Albert Akpan, senator representing Akwa Ibom [...]

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    NNPC: We don’t have $3.5bn subsidy fund in our custody

NNPC: We don’t have $3.5bn subsidy fund in our custody

The Nigerian National Petroleum Corporation (NNPC) says it does not have a $3.5 billion subsidy fund.On Tuesday, the senate resolved to probe the subsidy recovery fund said to be managed by Maikanti Baru, group managing director (GMD) of the NNPC, and the corporation's finance officer.In a statement on Tuesday, Ndu Ughamadu, spokesman of the NNPC, said the corporation raised $1.05 [...]

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    Ndume, Marafa, Lawan clash over probe of $3.5bn ‘subsidy fund’

Ndume, Marafa, Lawan clash over probe of $3.5bn ‘subsidy fund’

Three senators, Ahmed Lawan, Ali Ndume and Kabir Marafa, clashed on Tuesday over an ad hoc committee set up to probe a "$3.5 billion subsidy fund" belonging to the Nigeria National Petroleum Corporation (NNPC).Biodun Olujimi, senate minority leader, had sponsored a motion on the need to probe the subsidy recovery fund being "managed by two people".Reacting to the allegation, Ndume said [...]

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    Senate probes $3.5bn subsidy recovery fund ‘managed by two people’ in NNPC

Senate probes $3.5bn subsidy recovery fund ‘managed by two people’ in NNPC

The senate has set up an ad hoc committee to probe a $3.5 billion "subsidy recovery fund" said to be managed by Maikanti Baru, group managing director (GMD) of the Nigeria National Petroleum Corporation (NNPC), and the corporation's finance director.The decision of the senate was sequel to a motion on matters of national importance sponsored by Biodun Olujimi, minority [...]

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    Saraki named DG of Atiku presidential campaign council

Saraki named DG of Atiku presidential campaign council

Senate President Bukola Saraki has been appointed director-general of the campaign council of Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP).Uche Secondus, national chairman of the PDP, made this known on Tuesday.The senate president was among the aspirants who contested the presidential ticket at the party's convention which held in Port Harcourt, Rivers state.Saraki came third behind [...]

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    PDP to INEC chairman: Don’t bow to pressure on Amina Zakari

PDP to INEC chairman: Don’t bow to pressure on Amina Zakari

The Peoples Democratic Party (PDP) has asked Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), not to bow to "pressure by the presidency" and return Amina Zakari to her former position.Zakari was head of electoral operations and logistics before being redeployed to the department of health and welfare last week.The redeployment occurred after the opposition party accused her of working [...]

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    ‘Travel ban is barbaric’ — Lawyers challenge Buhari’s order on seized assets

‘Travel ban is barbaric’ — Lawyers challenge Buhari’s order on seized assets

Ikenga Ugochinyere and Keneth Udeze, both lawyers, have filed an appeal against the judgement upholding President Muhammadu Buhari's executive order 6.On July 5, Buhari had signed the executive order to restrain owners of assets under probe from carrying out further transactions on such properties.He explained that he signed the order to stop owners of the assets from using their proceeds [...]

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    Shittu sues APC over NYSC certificate

Shittu sues APC over NYSC certificate

Adebayo Shittu, minister of communications, has taken the All Progressives Congress (APC) to court for disqualifying him as a governorship aspirant.The APC screened Shittu out of the race for not presenting a National Youth Service Corps (NYSC) scheme discharge certificate.According NAN, Shittu in the originating summons, argued that it was wrong for APC to disqualify him for not presenting the [...]

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    Police: Why we invaded Melaye’s home in Kogi

Police: Why we invaded Melaye’s home in Kogi

The police say the country home of Dino Melaye, senator representing Kogi west, was invaded in an attempt to arrest him.Melaye is wanted for the shooting of Danjuma Salihu, a police officer, by thugs said to be loyal to the lawmaker.On Friday, the senator had alleged that the police officers were mobilised by the aide de camp of Kogi governor, [...]

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Exchange Rates

November 13, 2018USDGBPEUR
INTERBANK306397354
LAGOS359475418
KANO359476420
PH360476420
ABUJA359478419
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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