Friday, September 20, 2019

Haleem Olatunji

    Govs: Nigeria lost $1.3bn worth of crude oil within six months in 2019

Govs: Nigeria lost $1.3bn worth of crude oil within six months in 2019

Nigeria lost 22.6 million barrels of crude oil worth $1.35bn within the first six month of 2019, according to state governors.The governors were members of a 13-man ad hoc committee established by the National Economic Council (NEC) to investigate cases of oil theft in Niger Delta.The report of the committee, which was supported by findings from the Nigerian National Petroleum [...]

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    CLOSE-UP: Uzoma Asagwara, Nigerian nurse who broke a 150-year record in Canadian parliament

CLOSE-UP: Uzoma Asagwara, Nigerian nurse who broke a 150-year record in Canadian parliament

Recently, Zulfat Suara, a Nigerian-American, emerged as the first Muslim lawmaker in Tennessee in the United States, after making it into the runoff of a Nashville council at-large election. Her victory at the poll was not only a win for the Nashville community, but also for Nigeria where she lived until 1993 when her husband won the Vanderbilt fellowship.On Tuesday, [...]

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    Police arrest Port Harcourt ‘serial killer’

Police arrest Port Harcourt ‘serial killer’

The River state police command has arrested Gracious David West, an alleged serial killer in Port Harcourt, capital of Rivers state.In a series of tweets on Thursday, the police said the suspect was arrested while en route Uyo from Port Harcourt.About eight young women have been murdered in different hotels in the state in the past two months.The bodies of [...]

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    JODER trains journalists on peace building and conflict reporting

JODER trains journalists on peace building and conflict reporting

Journalists for Democratic Rights (JODER), a civil society organisation, has trained reporters on conflict reporting and peacebuilding.The training, which brought together journalists in the print, electronic and online media, held in Lagos on Monday.The exercise themed 'Conflict Reporting and Peace Building' was funded by the International Institute for Education (IEE) and Ford Foundation, West Africa.Adewale Adeoye, the executive director of [...]

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    Report: Nigeria has ‘lost N11trn’ to power sector corruption since 1999

Report: Nigeria has ‘lost N11trn’ to power sector corruption since 1999

The Centre for Health, Equity and Justice (CEHEJ) estimates that corruption in Nigeria's power sector has gulped N11 trillion since 1999.This was made known in a report titled 'Kept in Darkness — holding non-performing electricity contractors accountable' released in Lagos on Thursday.The report indicated that the figure might increase to N20 trillion in the next decade.According to Yemi Cole, an associate professor [...]

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    ‘He sees opposition as partners in progress’ — Wike commends Fayemi

‘He sees opposition as partners in progress’ — Wike commends Fayemi

Nyesom Wike, governor of Rivers state, says Kayode Fayemi, his Ekiti state counterpart, has never discriminated against members of opposition parties.Fayemi, chairman of the Nigeria Governors Forum (NGF), is a member of the All Progressives Congress (APC), while Wike belongs to the platform of the Peoples Democratic Party (PDP).Wike gave the commendation at the inauguration of the ultra-modern Rumuwoji market [...]

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    38 lawyers to get SAN rank Sept 23

38 lawyers to get SAN rank Sept 23

The number of lawyers holding the senior advocate of Nigeria (SAN) title will increase by 38 on Monday.In a statement on Wednesday, Festus Akande, director, press and information of the supreme court, said the lawyers will be sworn in by Tanko Muhammad, chief justice of Nigeria.A total of 117 legal practitioners had applied for the rank of SAN, but the [...]

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    Invictus Obi, Nigerian entrepreneur, remanded in US prison until February over ‘$11m fraud’

Invictus Obi, Nigerian entrepreneur, remanded in US prison until February over ‘$11m fraud’

Obinwanne Okeke, Invictus Group CEO, who is better known as Invictus Obi, has been remanded in a US prison until February 2020 over an alleged $11 million fraud.He pleaded not guilty to a two-count-charge of internet fraud when his case came up for hearing at a court in Virginia on Monday.The entrepreneur who was arrested by the Federal Bureau of [...]

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    ICYMI: Xenophobia will make investment in your country difficult, Obasanjo tells SA leader

ICYMI: Xenophobia will make investment in your country difficult, Obasanjo tells SA leader

Former president Olusegun Obasanjo says xenophobic attacks in South Africa will make investment in the country difficult.In a letter to Mangosuthu Buthelezi, a politician and leader of the Zulu ethnic group, on Monday, Obasanjo said the attacks were capable of scaring investors away and crippling the economy.Buthelezi had condemned the xenophobic attacks while addressing a mob in Johannesburg.The ex-president said it [...]

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    Bauchi gov: Herdsmen from other countries will benefit from FG’s livestock plan

Bauchi gov: Herdsmen from other countries will benefit from FG’s livestock plan

Bala Mohammed, governor of Bauchi state, says herdsmen from other countries will benefit from the federal government's National Livestock Transformation Plan (NLTP).Speaking on Channels Television on Monday, Mohammed said Fulani herdsmen are nomadic, moving across countries within the continent. "I think there is a lot of mistrust and misconception as regards the Fulani man. The Fulani man is a global or [...]

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    Malami: Jonathan’s government was supposed to appeal P&ID case — they didn’t

Malami: Jonathan’s government was supposed to appeal P&ID case — they didn’t

Abubakar Malami, attorney-general of the federation, says the Muhammadu Buhari-led administration had, at a point, considered negotiating with Process and Industrial Developments Limited (P&ID), despite doubts about the contract's authenticity.Addressing journalists in Abuja on Sunday, Malami said the case was supposed to have been appealed by lawyers engaged by the immediate past Goodluck Jonathan administration but they didn't.The attorney general [...]

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    After deal with Masari, bandits release 30 persons in Katsina

After deal with Masari, bandits release 30 persons in Katsina

Suspected bandits have released 30 persons in Katsina in a prisoner-swap deal with the state government.Aminu Masari, governor of the state, received the kidnap victims on Saturday.Eight of the victims are from Kankara local government area while 18 are from Shimfida in Jibiya local government council of the state.The released persons were brought to Katsina state government house by one [...]

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    Don’t sell property — court tells Okorocha after lifting forfeiture order

Don’t sell property — court tells Okorocha after lifting forfeiture order

A federal high court in Rivers state has ordered Rochas Okorocha, former governor of Imo, not to sell the properties under investigation by the Economic and Financial Crimes Commission (EFCC).J.K, Omotosho, the judge, gave the ruling on Friday.The EFCC had obtained a court order for the interim forfeiture of some assets traced to Okorocha.In a statement on Saturday, Wilson Uwujaren, [...]

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    FG approves N166bn contracts for road construction, repairs

FG approves N166bn contracts for road construction, repairs

The federal executive council (FEC) has approved contracts worth N166 billion for the construction and rehabilitation of 14 roads across the country.According to the PUNCH, the approval was granted after a memorandum was submitted by Babatunde Fashola, minister of works and housing.One of the roads in the memorandum is Kotangora-Rijau road in Niger state, where there will be a construction [...]

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    Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

Zainab Ahmed: FEC approved increase in VAT to 7.5% — NOT 7.2%

Zainab Ahmed, minister of finance, budget and national planning, says the federal executive council (FEC) approved an increase in value added tax (VAT) from 5% to 7.5% and not 7.2% which was announced earlier.On Wednesday, the minister told state house correspondents at the end of the cabinet meeting that the FEC approved the increase to 7.2%, which is now subject [...]

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Exchange Rates

September 16, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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