Friday, July 19, 2019

News Agency

    Osinbajo: There is a time to remove subsidy

Osinbajo: There is a time to remove subsidy

In a media interview, Vice-President Yemi Osinbajo unveils the economic policy direction of President Muhammadu Buhari, revealing plans to diversify the economy, scale up MSMEs, reduce pressure on foreign exchange, implement social investment to address extreme poverty and avoid recession.Editor's note: Transcript provided by office of the vice-president. ============The 2015 and 2016 budgets, where are we at that level? Maybe you need to shed [...]

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    Governors to hold ‘crucial’ meeting Tuesday

Governors to hold ‘crucial’ meeting Tuesday

The Nigeria Governors Forum (NGF) announced on Thursday that it has scheduled a meeting to discuss "some pressing states and national issues’’.Abdulaziz Yari, governor of Zamfara state and chairman of the forum, said the meeting would hold on Tuesday.He said the forum would receive presentations from strategic ministries, departments and agencies (MDAs).Yari also said that some development partners would make presentations [...]

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    99 Nigerians confirmed killed in hajj stampede

99 Nigerians confirmed killed in hajj stampede

The National Hajj Commission of Nigeria (NAHCON) on Thursday said 355 Nigerians were involved in the stampede at Saudi Arabia and that 99 of them have been confirmed dead.Saleh Okenwa, NAHCON's commissioner of information, research and library service, disclosed this to journalists in Mecca.Okenwa also said that 214 pilgrims were still missing, adding that investigation was ongoing to ascertain their [...]

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    Kuje traders groan under hardship after blasts

Kuje traders groan under hardship after blasts

Some traders at the Kuje market in the Kuje area council of the federal capital teritorry, on Thursday decried low patronage occasioned by the recent bomb blasts in the area.Some of the traders who spoke with NAN, described the situation as worrisome, saying most business activities have been crippled following the attack.Security operatives have cordoned off the affected area at the [...]

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    World records first Ebola-free week since 2014

World records first Ebola-free week since 2014

The World Health Organisation (WHO) on Thursday said no new Ebola infections were reported in West Africa in the past week, bringing Sierra Leone closer to its goal of becoming Ebola-free in early November.Since the epidemic started in 2014, this is the first week without new cases."Sierra Leone has seen no new cases in three weeks," Margaret Harris, WHO press officer, told [...]

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    Saraki: Meeting Buhari was not about my trial

Saraki: Meeting Buhari was not about my trial

Senate President Bukola Saraki says his ongoing trial at the code of conduct tribunal did not feature at the meeting he and other federal lawmakers held with President Muhammadu Buhari on Wednesday.Saraki said the meeting, which was at the  instance of the president, focused on ensuring smooth relationship between the executive and legislative arms of government."We discussed a number of [...]

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    Customs lifts ban on rice import by land

Customs lifts ban on rice import by land

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    Tribunal sacks rep for lack of educational qualification

Tribunal sacks rep for lack of educational qualification

The Yobe legislative elections petitions tribunal sitting in Abuja has nullified the election of Sabo Garba, the lawmaker representing Nangere/Potiskum constituency in the house of representatives, for lack of educational qualification.The three-member tribunal, presided by Frances Ikponmwen, gave the nullification order while delivering judgment in a petition filed by Ali Yakubu of the All Progressives Congress (APC).Yakubu and his party had asked [...]

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    CBN: Nigerians make N1.5bn transactions on POS daily

CBN: Nigerians make N1.5bn transactions on POS daily

The Central Bank of Nigeria (CBN) says about N1.5 billion worth of transactions are done on the Point Of Sales (POS) terminal daily.Dipo Fatokun, CBN’s director of Banking and Payment System Department (BPSD), said this in Abuja on Wednesday at the apex bank’s e-Payment Incentive Scheme (EPIS) cash reward presentation.Fatokun said the scheme was meant to reward users of electronic [...]

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Naira depreciates despite CBN intervention

The naira depreciated against the dollar at the parallel market on Wednesday in spite of the sale of foreign currency to operators of Bureau de Change (BDC)The naira lost N1.00 to the dollar on Wednesday afternoon as it traded N225 to the dollar as against N224 on Tuesday.Meanwhile the official interbank rate maintained its value at N197 to the dollar.Traders [...]

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    Boko Haram’s days are numbered, says Gaidam

Boko Haram’s days are numbered, says Gaidam

Ibrahim Gaidam, governor of Yobe state, has expressed hope that activities of the Boko Haram sect would soon be a thing of the past.Gaidam made the remark in a statement issued on his behalf by Abdullahi Bego, his special assistant on media."In view of the all-hands-on-deck approach adopted by the federal government, insurgency will soon come to an end," the [...]

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    Military ‘changes strategy’ in fight against Boko Haram

Military ‘changes strategy’ in fight against Boko Haram

Gabriel Olonisakin, chief of defence staff, says the military is re-strategising to meet the December deadline set by President Muhammadu Buhari for the end of insurgency in the country.Olonisakin made the statement on Wednesday during a tour of military formations and units in Port Harcourt, capital of Rivers state."We are currently working on the December deadline by re-addressing our strategies to [...]

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    Suicide bombers ‘kill 18’ in Yobe mosque

Suicide bombers ‘kill 18’ in Yobe mosque

Two female suicide bombers killed 15 people, including themselves, at a mosque in the ministry of housing quarters  and at another location within Buhari housing estate in Damaturu, capital of Yobe state, on Wednesday.According to AP, the incidents occurred around 6am when people were observing early-morning prayers."One of the suicide bombers gained entry into the mosque and detonated explosives and the [...]

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    Tribunal nullifies election of APC lawmaker

Tribunal nullifies election of APC lawmaker

The state and national assembly elections petitions tribunal in Minna, Niger state capital, has nullified the election of Murtala Badaru (APC-Suleja) in the Niger house of assembly.Shaibu Iya of the Peoples Democratic Party (PDP) had challenged the election of Badaru on the grounds of certificate forgery and underage.In his judgment, Olatunde Oshodi, chairman of the tribunal, said Badaru was not [...]

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    Okah attempts to commit suicide in court

Okah attempts to commit suicide in court

Charles Okah, the alleged mastermind of the 2010 Independence Day bombing, would have committed suicide at the federal high court, Abuja, on Tuesday, were it not for the intervention of security operatives attached to Justice Gabriel Kolawole.Okah, who is standing trial on charges of terrorism, had sought the permission of the judge to speak on what he termed "endless trial", as [...]

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    3 suicide bombers killed before attack in Niger

3 suicide bombers killed before attack in Niger

Three suspected members of the Boko Haram sect died on Tuesday when explosives they were transporting went off in Niger's far east region of Diffa.A source told journalists that the incident occurred as the insurgents were about to enter Bosso town, where they planned to carry out an attack.On Sunday, 10 people, among them one soldier, five civilians and four [...]

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Exchange Rates

July 12, 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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