Sunday, January 6, 2019

Mayowa Tijani

    Nigeria to overtake India as world capital for under-five deaths, says World Bank

Nigeria to overtake India as world capital for under-five deaths, says World Bank

World Bank says Nigeria will take over India as the world capital for deaths of children under the age of five by 2021.In its bi-annual economic update on Nigeria seen by TheCable, the Bretton Woods institution, said Nigeria records the highest number of child malaria deaths anywhere in the world.The bank added that Nigeria has the highest number of out-of-school [...]

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    Buratai: Army will replicate Ekiti, Osun elections successes in 2019

Buratai: Army will replicate Ekiti, Osun elections successes in 2019

Tukur Buratai, the chief of army staff, says the Nigerian Army will replicate the successes it recorded in the Osun and Ekiti elections in the 2019 elections.Speaking at the 2018 COAS Annual Conference in Maiduguri on Wednesday, Buratai said the army has launched operation safe conduct to secure the electoral process in 2019."As the nation moves towards the 2019 General Elections, [...]

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    UK DFI to invest $1.2bn in Nigeria, opens Lagos office 2019

UK DFI to invest $1.2bn in Nigeria, opens Lagos office 2019

CDC Group Plc, The United Kingdom’s (UK) development financing institution (DFI), says it may invest up to $1.2 billion in Nigeria in post-brexit drive.CDC Group, which has invested over $400 million in Nigeria, committed $25 million to the country's small and medium scale businesses on Wednesday, celebrating its 70th year of existence in Nigeria.Currently, the DFI has investments in Jumia, [...]

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    Hamzat Lawal, Follow The Money founder, to address presidents at AU high-level dialogue

Hamzat Lawal, Follow The Money founder, to address presidents at AU high-level dialogue

Hamzat Lawal, founder, Follow The Money, one of the largest citizen's movements on anti-corruption, is billed to speak to presidents and heads of states at the African Union high-level dialogue. Earlier this year, the African Union during its 30th assembly of heads of state and government held in Addis Ababa, Ethiopia, declared 2018 as the African Anti-Corruption year. This recognized the need [...]

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    Why Nigeria will NOT defeat Boko Haram in 20 years

Why Nigeria will NOT defeat Boko Haram in 20 years

This is a personal journey: Before I left for the United Kingdom in September 2017, I promised myself that my master's degree was not going to be just another one. I said to myself that this one will be one that equips me to help Nigeria in her walk and work towards development.In my written goal for the programme, I [...]

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    Oby Ezekwesili picks ex-presidential candidate, party chairman as running mate

Oby Ezekwesili picks ex-presidential candidate, party chairman as running mate

Oby Ezekwesili, the presidential candidate of the Allied Congress Party of Nigeria (ACPN), has named Ganiyu Galadima as her running mate for the 2019 elections.She revealed this while speaking at Kwara Hotel, Ilorin, Kwara state on Wednesday, stating that he was the kind of grassroot politician she needs to lift 80 million people out of poverty.Galadima, who is the national [...]

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    After shedding $2.1bn, Nigeria’s foreign reserve on the rise again

After shedding $2.1bn, Nigeria’s foreign reserve on the rise again

After losing a record $2.1 billion in 30 days, Nigeria's foreign reserve is on the rise again.Data from the Central Bank of Nigeria, seen by TheCable, showed that the nation's reserve surged by over $230 million between November 23 and 26, 2018.As at Monday, November 26, the reserves stood at $41,829,552,421 -- its highest level since November 2, 2018.After the [...]

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    South Africa raises minimum wage to N91,225 — three times NLC’s demand

South Africa raises minimum wage to N91,225 — three times NLC’s demand

South African President Cyril Ramaphosa has signed the national wage bill into law, bringing the national minimum wage to 3,500 Rands or N91,225 per month.As per hourly pay, the Act fixed the country's minimum wage at $1.45 (N527) for every 60 minutes of human labour.The president, who signed the bill into law on Monday, said the law was aimed at [...]

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    ‘Kenyatta didn’t, but he won’ — Keyamo says Buhari’s war room will decide if he debates

‘Kenyatta didn’t, but he won’ — Keyamo says Buhari’s war room will decide if he debates

Festus Keyamo, the spokesman of the Muhammadu Buhari Campaign Organisation, says the Uhuru Kenyatta of Kenya did not debate, yet he won the presidential elections.Keyamo said Buhari's campaign war room will be the ones to decide, collectively with the president, if he would be debating ahead of the 2019 presidential elections."In the past, Buhari has taken active part in televised [...]

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    ‘Buhari fixing road to the house of the letter writer’ — Fashola hits Obasanjo

‘Buhari fixing road to the house of the letter writer’ — Fashola hits Obasanjo

Babatunde Fashola, minister of power, works, and housing, says the Muhammadu Buhari-led government is repairing the road to former president Olusegun Obasanjo's house.Fashola disclosed this in a recent interview with Toyosi Akerele-Ogunsiji, stating that he is firmly behind the candidacy of President Muhammadu Buhari.Speaking on the Lagos-Abeokuta Expressway, Fashola said the first thing is that Buhari's government has started work [...]

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    AMCON MD: It’s not easy to deliver change in eight years

AMCON MD: It’s not easy to deliver change in eight years

Ahmed Kuru, the managing director/CEO of Asset Management Corporation of Nigeria (AMCON), says it is not easy to deliver a paradigm shift in two, three or eight years.Kuru disclosed this while speaking at the annual presidential dinner for the graduating senior executive course of the National Institute for Policy and Strategic Studies (NIPSS), hosted by the Alumni Association of the [...]

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    Akin Adesina is first African to win $1m Sunhak Peace Prize

Akin Adesina is first African to win $1m Sunhak Peace Prize

Akinwunmi Adesina, president of the African Development Bank (AfDB), has become the first African to win the $1m Sunhak Peace Prize.Adesina clinched the prize alongside Waris Dirie, a 53-year-old world-class supermodel and anti-FGM activist, from Somali.The Sunhak Peace Prize committee announced the 2019 Laureates at the Cape Town International Convention Centre, South Africa on Thursday.Il Sik Hong, chairman of the Sunhak Peace [...]

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    It’s black Friday for oil as Brent crude hits all-year low of $58

It’s black Friday for oil as Brent crude hits all-year low of $58

It is a big bad black Friday for crude oil as prices continue to crash across the world.On Friday, Brent crude fell below the $60 per barrel benchmark to hit $58.92 for the first time in 2018, following fears of oversupply across the global oil market.Oil prices climbed as high as $85 a barrel only in October 2018, shedding more than [...]

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    Olowola, founder CSR-in-Action, becomes first West African on GRI board

Olowola, founder CSR-in-Action, becomes first West African on GRI board

Global Reporting Initiative (GRI) has appointed Nigeria's Bekeme Olowola, founder and chief executive of CSR-in-Action, as a member of its board of directors.GRI is the world’s leading sustainability impact measurement and reporting standards body, based in Amsterdam.It currently serves a global audience through regional hubs in Brazil, China, Colombia, India, South Africa and the United States, with its reports produced in more [...]

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    ‘Govt loses nothing’ — Sowunmi replies Rewane on NNPC sale

‘Govt loses nothing’ — Sowunmi replies Rewane on NNPC sale

Segun Sowunmi, the spokesman of the Atiku Campaign Organisation, says the government has nothing to lose in the sale of the Nigerian National Petroleum Corporation (NNPC).Earlier, Bismarck Rewane, chief executive of Financial Derivative, had asked who Atiku Abubakar plans to sell the NNPC to, should he become Nigeria's president in 2019.“I agree that he (Atiku) should privatise, but selling to [...]

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    Melaye: We all know Buhari isn’t mentally fit to govern Nigeria

Melaye: We all know Buhari isn’t mentally fit to govern Nigeria

Dino Melaye, senator representing Kogi west, says President Muhammadu Buhari is not mentally and physically equipped to govern Nigeria.Speaking at The Osasu Symposium in Abuja on Thursday, Melaye said the national assembly has been accused of delaying the budget, where "in fact", the fault lies with the executive.Responding to a question on whether the president reads laws that are being [...]

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Exchange Rates

January 04, 2019USDGBPEUR
INTERBANK306397354
LAGOS361463411
KANO360465413
PH361462412
ABUJA362462413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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