Tuesday, November 20, 2018

News Agency

    $8.3m fraud: Separate trial for Ajudua’s co-accused

$8.3m fraud: Separate trial for Ajudua’s co-accused

A Lagos high court sitting in Ikeja has ordered a separate trial for a court registrar, Idowu Rosulu, who is standing trial alongside Fred Ajudua for allegedly defrauding Ishaya Bamaiyi, erstwhile chief of army staff, of about $8.39 million.The Economic and Financial Crimes Commission (EFCC) had charged Rosulu along with Ajudua (pictured) for defrauding Bamaiyi between November 2004 and June 2005 [...]

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    Akwa Ibom police ‘foil’ attempt to bomb bridge

Akwa Ibom police ‘foil’ attempt to bomb bridge

The Akwa Ibom state police command on Thursday said it foiled an attempt by two ex-militants to blow up the Calabar/Itu bridge on October 5.Disclosing this at a press conference in Uyo, Gabriel Achong, the commissioner of police in the state, said that on September 20, the command received intelligence report that a group of aggrieved militants were planning to [...]

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    Bomb blast kills five at Azare motor park

Bomb blast kills five at Azare motor park

A bomb blast on Wednesday night at a motor park in Azare in Bauchi State killed five persons.Musa Babale, a resident of the area who spoke with AFP, said the blast “shook buildings” and sent locals rushing for shelter.A statement on the incident issued in Bauchi by the state police command’s PRO, Haruna Mohammed, said 12 others sustained severe injuries.He [...]

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    All set for forensic analysis of Synagogue victims

All set for forensic analysis of Synagogue victims

The Lagos State University Teaching Hospital (LASUTH), Ikeja, has concluded the collection of DNA samples for forensic analysis and identification of 115 victims of the collapsed building at the Synagogue Church of All Nations (SCOAN).Olawale Oke, a professor and the chief medical director of the hospital, made this known at a news conference in Lagos on Wednesday.Oke said that the [...]

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    Okonjo-Iweala: Nigeria is not broke

Okonjo-Iweala: Nigeria is not broke

Ngozi Okonjo-Iweala, the minister of finance, has assured Nigerians that the economy is growing positively in spite of the reduction of oil price in the international market.Okonjo-Iweala, who stated this at the 2014 ministerial platform in Abuja on Tuesday, said the nation was not broke as being speculated in some sections of the media.“If you look back two years ago, [...]

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    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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Exchange Rates

November 16, 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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