Thursday, November 15, 2018

News Agency

    Court sacks Jimoh Ibrahim as Newswatch owner

Court sacks Jimoh Ibrahim as Newswatch owner

A federal high court in Lagos has quashed the Share Purchase Agreement (SPA) that transferred ownership of Newswatch Communications Limited to businessman Jimoh Ibrahim.Nuhu Aruwa and Jubril Aminu – two minority shareholders – had filed a petition urging the court to nullify the agreement.The applicants also sought an order restraining the respondents from publishing and selling to the public, Newswatch daily [...]

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    Jonathan sends relief items to Chibok

Jonathan sends relief items to Chibok

The federal government on Monday gave additional relief items to Internally Displaced Persons (IDP) in Chibok, Borno state, to further cushion the effect of the hardship in the area.Muhammed Kanar, the northeast zonal coordinator of the National Emergency Management Agency (NEMA), said in Yola, Adamawa state, that the items were given in compliance to the directive from the presidency.He said the agency [...]

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    BDCs appeal to CBN for forex increase to $50,000

BDCs appeal to CBN for forex increase to $50,000

The Association of Bureau De Change of Nigeria (ABCON)  has appealed to the Central Bank of Nigeria (CBN) for an increase in weekly sale of foreign exchange from $15,000 to $50,000.This is contained in statement made available to the News Agency of Nigeria (NAN) in Lagos on Sunday.ABCON also urged the CBN to extend its occasional intervention in the foreign [...]

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    Amodu: I’ve rescued Eagles before, I’ll do it again

Amodu: I’ve rescued Eagles before, I’ll do it again

Shaibu Amodu, newly appointed Super Eagles head coach, said on Sunday that there was no cause for alarm in Nigeria’s chase for the 2015 Africa Cup of Nations (AFCON) ticket.A statement issued in Abuja by Ademola Olajire, assistant director of the Nigeria Football Federation (NFF), quoted Amodu as assuring Nigerians that the Super Eagles will qualify for AFCON 2015."We have [...]

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    PDP wins house of reps election in Benue

PDP wins house of reps election in Benue

The Independent Electoral Commission (INEC) has declared John Tiav, the candidate of the Peoples Democratic Party (PDP), as the winner of the re-contested Buruku federal constituency seat in Benue.Tiav polled 25,988 votes ahead of John Tine of Labour Party, who had 3,602 and Sekav Iyortyom of the All Progressive Congress scored, who polled 395 votes.Baba Abba-Yusuf, the INEC resident commissioner [...]

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    Nigerians receive ‘ceasefire’ news with caution

Nigerians receive ‘ceasefire’ news with caution

The declaration of a ceasefire by both the Nigerian government and Boko Haram should be treated with caution, a number of Nigerians told the News Agency of Nigeria (NAN) on Friday.The citizens made their feelings known in interviews with NAN in Damaturu, capital of Yobe state and Abuja, the federal capital tterritory.While some of the respondents commended both parties for the [...]

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    Shekarau: Release of Chibok schoolgirls next

Shekarau: Release of Chibok schoolgirls next

Ibrahim Shekarau, minister of education, has lauded the federal government's ceasefire agreement with Boko Haram, saying the release of the kidnapped Chibok schoolgirls should be the focus.Speaking through Nnamdi Olebara, his special adviser on media, Shekarau said the agreement would restore normalcy in the education sector in the affected states.Alex Badeh, the chief of defence staff, announced the ceasefire agreement [...]

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    Watch out for gas-powered buses in Nigeria ‘very soon’

Watch out for gas-powered buses in Nigeria ‘very soon’

Nigeria's move to depend less on petrol and diesel for road transportation is close to reality as the compressed natural gas (CNG) plant at Ibafon, Ogun state, nears completion.The multi-billion dollar project will produce CNG to power buses from 2015.The plant at the Green Gas Ltd (GGL), a joint venture vehicle between Nigerian Independent Petroleum Company (NIPCO) and Nigerian Gas [...]

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Fayose appoints aides, striking workers resume work

Few hours after his inauguration into office as governor of Ekiti state, Ayodele Fayose has announced his first set of appointments.The civil servants in the state, who have been on strike for two months strike, also called off their strike in solidarity with the governor.During the inauguration ceremony, Fayose disclosed that he would appoint an aide on stomach infrastructure to [...]

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    Rivers to inject N3bn into agriculture

Rivers to inject N3bn into agriculture

The Rivers government on Thursday said it had approved N3 billion for small holder farmers in the state.The state governor, Chibuike Amaechi (pictured), announced this at the 2014 World Food Day (WFD) celebration in Port Harcourt.Amaechi, represented by the  commissioner for Agriculture, Emmanuel Chindah, said the assistance was aimed at moving subsistent farmers away from poverty.He reiterated the readiness of [...]

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    Profit-taking hits NSE all-share index

Profit-taking hits NSE all-share index

Activities on the Nigerian Stock Exchange (NSE) on Thursday remained on a downward trend with the All-Share Index dropping by 2.01 per cent as a result of profit taking.The index depreciated by 787.8 basis points to close at 38,490.67 as against 39,278.47 recorded on Wednesday.Also, the market capitalisation depreciated by N260 billion or 2.01 per cent to close at N12.709 [...]

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    Nigerian reps lobby for Emirates, Qatar airlines

Nigerian reps lobby for Emirates, Qatar airlines

The house of representatives on Thursday urged the federal government to grant Qatar Airways landing rights to operate at the Malam Aminu Kano International and Dr. Nnamdi Azikiwe International airports.It also urged the government to lift the suspension on the operations of the Emirates Airline to land on the Malam Aminu Kano International Airport, Kano.This was sequel to a motion [...]

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    Coroner continues inquest, visits Synagogue

Coroner continues inquest, visits Synagogue

The coroner supervising the inquest into the collapse of a guest house at the Synagogue Church of All Nations (SCOAN) visited the scene of the incident at Ikotun, Lagos, in continuation of an investigation that formally began  on Monday.The Thursday visit was part of efforts by the coroner to unravel the cause of the September 12 incident, which killed about 115 [...]

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    Reps vote to bypass presidential assent on bills

Reps vote to bypass presidential assent on bills

Members of the federal house of representatives on Wednesday voted to effect 71 amendments to different sections of the 1999 constitution, including one sidelining the president on bills he doesn't assent within 30 days.The amendments approved by the lower house border on legislative immunity, local government autonomy, state creation, indigeneship and citizenship.The amendments also led to a reduction of the power [...]

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    US offers $45m bounty on 8 al-Qaeda leaders

US offers $45m bounty on 8 al-Qaeda leaders

The United States (US) has offered a reward of $45 million for information on eight key leaders of the al-Qaeda in the Arabian Peninsula (AQAP), an extremist group.According to NAN, US State Department said in Washington on Wednesday that its rewards for justice programme was also offering rewards of $10 million for information leading to the location of Nasir al-Wahishi, AQAP's [...]

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    Farmers want govt agencies directed to buy local rice

Farmers want govt agencies directed to buy local rice

Rice farmers have appealed to the federal government to provide adequate incentives to enable them boost production.Those who spoke to NAN in Lagos on Wednesday said government should compel its agencies to patronise locally produced rice.‎They urged President Goodluck Jonathan to give directive to all ministries and departments to patronise firms that are into local rice production.According to them, that [...]

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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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