Wednesday, February 19, 2020

Haleem Olatunji

    Buhari appoints new NDDC acting MD, expands interim management

Buhari appoints new NDDC acting MD, expands interim management

President Muhammadu Buhari has expanded the interim management committee overseeing the operations of the Niger Delta Development Commission (NDDC) from three to five members. On October 30, the president inaugurated a three-man committee to oversee the operations of the NDDC and ordered a forensic audit of its operations from 2001 to 2019. Buhari had appointed Gbene Joi as the acting managing director; Cairo [...]

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    World Bank approves $2.185bn to tackle extreme poverty, corruption in Nigeria

World Bank approves $2.185bn to tackle extreme poverty, corruption in Nigeria

The World Bank has approved $2.185 billion to support six projects that it says would support the country's development. According to a statement released on Tuesday, the bank said the projects will include improving immunization, enabling a stronger business environment for the private sector, expanding the digital economy to promote job creation, and increasing public and private sector capacity on governance [...]

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    FG asks bankers’ committee to finance infrastructural projects

FG asks bankers’ committee to finance infrastructural projects

The federal government has asked the bankers' committee to intervene in the financing of infrastructure across the country. Addressing journalists at the end of the first bankers' committee meeting in Lagos on Tuesday, Bello Hassan, CBN's director of banking supervision, said the request was sent to the committee through Godwin Emefiele, the CBN governor. He said the committee is considering the financing of about [...]

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    ‘The looters they saw yesterday they will not see again’ — Uzodinma hits back at allegations

‘The looters they saw yesterday they will not see again’ — Uzodinma hits back at allegations

Hope Uzodinma, governor of Imo state, says allegations of fraudulent practices against his administration is "nothing but a lie from the pit of hell". In a statement on Tuesday, Oguwike Nwachuku, the governor's spokesman, said the allegations are from members of the previous administration headed by Emeka Ihedioha. Nwachuku said Uzodinma’s government is not made up of looters but "credible Imo sons [...]

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    Traditional medicine effective in treating coronavirus, says Chinese official

Traditional medicine effective in treating coronavirus, says Chinese official

Traditional Chinese medicine (TCM) is effective in curing patients diagnosed of COVID-19, according to a Chinese health official. On Monday, Li Yu, an official with the National Administration of Traditional Chinese Medicine, said traditional medication has been used to treat hundreds of coronavirus victims. The official said symptoms have disappeared in 51 cases and improved in 268, with another 212 remaining in [...]

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    Emmanuel: The only problem we have in our society is poor parenting

Emmanuel: The only problem we have in our society is poor parenting

Udom Emmanuel, governor of Akwa Ibom, says the fight to curb insecurity and violent crimes in the country can be won if parents give their children quality time. Speaking during a thanksgiving service held in honour of his late father, the governor emphasised the role of good parenting. He described his late father as a devout Christian, an exemplary leader who [...]

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    EXTRA: Ganduje appoints three special assistants on streetlights

EXTRA: Ganduje appoints three special assistants on streetlights

Umar Ganduje, governor of Kano, has appointed three senior special assistants to handle issues on streetlights in the state. In a letter dated February 13, the secretary to the state government notified Anwalu Salihu of his appointment as the senior special assistant, streetlights III. According to the letter, the appointment was based on his ''dedication to duty, patriotic disposition and loyalty''. "This is [...]

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    Falana: I’ll challenge Buhari’s refusal to sack service chiefs

Falana: I’ll challenge Buhari’s refusal to sack service chiefs

Femi Falana, human rights lawyer, says a suit will be filed to challenge President Muhammadu Buhari's refusal to sack the service chiefs. TheCable previously reported that the service chiefs -- Gabriel Olonisakin, chief of defence staff; Tukur Buratai, chief of army staff; Sadique Abubakar, chief of air staff, and Ibok-Ete Ekwe Ibas, chief of naval staff -- were overdue for retirement, having [...]

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    ‘1500’ Lagos-bound passengers stranded in Ghana — four days after flight diversion

‘1500’ Lagos-bound passengers stranded in Ghana — four days after flight diversion

At least 1,500 passengers are stranded in Ghana four days after British Airways, Rwandair, Emirates and Qatar airlines diverted their flights from Murtala Muhammad International Airport (MMIA) in Lagos to Kotoka International Airport, in Accra. The airlines said they could not airlift the passengers to their intended destination because of unfavorable weather condition. According to PRNigeria, British Airways (BA) already cancelled its [...]

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    NEITI: Recurrent expenditure of 21 states higher than their FAAC allocations

NEITI: Recurrent expenditure of 21 states higher than their FAAC allocations

A new report published by the Nigeria Extractive Industries Transparency Initiative (NEITI) has shown that the recurrent expenditure of 21 states is higher than their disbursements from the federation accounts allocation committee (FAAC). According to a statement signed by Orji Ogbonnaya Orji (pictured), NEITI's director of communications and advocacy, a total of N8.15 trillion was shared among the three tiers of government in [...]

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    Amotekun no longer a regional outfit — after IGP’s meeting with govs

Amotekun no longer a regional outfit — after IGP’s meeting with govs

Governors of south-west states have adopted Amotekun, a joint security outfit, as a state effort and not a regional initiative. The governors had launched Amotekun on January 9, as a regional security initiative. But Abubakar Malami, attorney-general of the federation, had opposed the move, saying security remains the exclusive preserve of the federal government. The governors later reached an agreement with the federal government [...]

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    After 174 days in detention, court grants Agba Jalingo N10m bail

After 174 days in detention, court grants Agba Jalingo N10m bail

A federal high court in Calabar, Cross River state, has granted Agba Jalingo, publisher of CrossRiverWatch, bail in the sum of N10million. The journalist had spent 174 days in detention before he was granted bail. He was first arraigned on August 22, 2019 after he published a story on how Ben Ayade, governor of Cross River, allegedly approved and diverted N500 million [...]

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    Peter Obi asks students to prioritise education over material wealth

Peter Obi asks students to prioritise education over material wealth

Peter Obi, a former governor of Anambra state, says students must learn to prioritise education above material wealth. He said this on Tuesday at the launch of Ichakporoko foundation, a non-governmental organisation established in honour of late Michael Abonyi, a politician and native of Obollo Etiti in Udenu local government area of Enugu state. According to a statement issued by Ike Abonyi, [...]

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    New president appointed in Transcorp Group shake-up

New president appointed in Transcorp Group shake-up

Transnational Corporation of Nigeria Plc (Transcorp), a diversified investment company, has announced five major appointments on its board and executive management team. Clari Green, the company's marketing and corporate communications head, announced this in a statement on Tuesday. According to the statement, Owen Omogiafo (pictured), the current MD of Transcorp Hotels Plc, has been appointed as president of Transcorp with effect from [...]

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    CBN to stop burning banknotes, adopts recycling

CBN to stop burning banknotes, adopts recycling

The Central Bank of Nigeria (CBN) says it will end the process of burning banknotes and adopt recycling. In a document published on its website, the apex bank called on recycling companies to submit proposals for a contract to recycle wasted banknotes. "Section 18(d) of the CBN act 2007 authorises the apex bank to arrange for the destruction of currency notes and coins [...]

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    Political appointees barricade Bayelsa govt house over unpaid salaries

Political appointees barricade Bayelsa govt house over unpaid salaries

Political appointees from rural development areas (RDAs) in Bayelsa state protested over two months unpaid salaries on Tuesday. The appointees, compromising representatives from the 24 RDAs in the state, barricaded the government house during the protest. The protesters, appointed into office by Seriake Dickson, governor of Bayelsa, on October 15 ahead of the gubernatorial election in the state, carried placards with different [...]

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Exchange Rates

February 04, 2019USDGBPEUR
INTERBANK306397354
LAGOS355444389
KANO354445370
PH355447412
ABUJA356454413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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