Saturday, February 16, 2019

Oluwatoyin Bayagbon

    INEC: We’ve replaced burnt card readers in Anambra

INEC: We’ve replaced burnt card readers in Anambra

The Independent National Electoral Commission (INEC) says it has replaced the card readers destroyed at the head office of the commission in Anambra state on Tuesday.A container laden with card readers was burnt at the commission office in Awka, the state capital. Festus Okoye, a national commissioner of INEC, had said 4,635 card readers were destroyed in the inferno.But [...]

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    Kachikwu: Automation has helped FG recover N1.2trn royalty arrears

Kachikwu: Automation has helped FG recover N1.2trn royalty arrears

Ibe Kachikwu, minister of state for petroleum resources, says the federal government has recovered N1.2 trillion in royalty arrears from oil companies operating in the country.  [...]

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    INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters

INFOGRAPHIC: FAAC disbursements break four-year record, exceeds N2trn for three consecutive quarters

The Federation Allocation Account Committee (FAAC) disbursed a total of N8.52 trillion to the three tiers of government in 2018. [...]

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    Police barricade INEC office in Rivers

Police barricade INEC office in Rivers

The police have restricted access to the head office of the Independent National Electoral Commission (INEC) in Rivers State.A team of policemen stormed the commission’s office on Aba road, Port Harcourt, early on Thursday.They prevented INEC officials and visitors from going in and out of the office.The INEC officials were preparing for Saturday's presidential and legislative elections when the officers [...]

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    Malami asks INEC to postpone elections in Zamfara

Malami asks INEC to postpone elections in Zamfara

Abubakar Malami, the attorney-general of the federation, has asked the Independent National Electoral Commission (INEC) to postpone elections in Zamfara state because of litigation.In a letter dated February 13, 2019, Malami said he was acting based on a petition from a law firm claiming that recent court judgments have annulled the stand of INEC that the All Progressives Congress (APC) [...]

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    Lagosians will decide if I merit a second term, says Sanwo-Olu

Lagosians will decide if I merit a second term, says Sanwo-Olu

Babajide Sanwo-Olu, the Lagos state governorship candidate of the All Progressives Congress (APC), says he did not sign any deal that will prevent him for seeking re-election if he becomes the state governor.Speaking during a Channels TV programme on Tuesday, Sanwo-Olu said he is “going to win” at the March 2 governorship polls."I don’t know where the idea of pact [...]

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    You can now ‘easily’ send money from S’Africa to Nigerian banks

You can now ‘easily’ send money from S’Africa to Nigerian banks

WorldRemit, a digital money transfer service, has introduced "low-cost online money transfers" from South Africa to Nigeria. In a statement on Tuesday, the company said Nigerians living in South Africa can now send money to all major Nigerian banks with a few taps directly from their phones, using the WorldRemit app or website. "The new digital service will reduce the cost of sending [...]

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    Eterna: Why we’re expanding as oil majors sell downstream arm

Eterna: Why we’re expanding as oil majors sell downstream arm

Mahmud Tukur, managing director, Eterna Plc, says the company is expanding its downstream operations despite Nigeria's "challenging operating environment".Tukur was speaking during a press briefing to mark the company’s 30-year anniversary in Lagos on Tuesday.In the last three years, international oil companies (IOCs) and independent operators in Nigeria's oil industry have divested their assets either party or fully, but [...]

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    Secondus: What we saw when Atiku led us to Daura

Secondus: What we saw when Atiku led us to Daura

Uche Secondus, national chairman of the Peoples Democratic Party (PDP), on Monday said he saw some supporters of Atiku Abubakar, the party’s presidential candidate, during a trip to Daura, hometown of President Muhammadu Buhari in Katsina state.The PDP chairman spoke during the party’s presidential rally that held in Port Harcourt, Rivers state, on Monday.He said the PDP candidate has been [...]

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    INTERVIEW: Tube Awards will be the Emmys of Africa, says Fidelis Duker

INTERVIEW: Tube Awards will be the Emmys of Africa, says Fidelis Duker

[...]

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    ‘He will deliver on the job’ — Fashola endorses Sanwo-Olu

‘He will deliver on the job’ — Fashola endorses Sanwo-Olu

Babatunde Fashola, minister of power, works and housing, says Babajide Sanwo-Olu, governorship candidate of the All Progressives Congress (APC) in Lagos state, is in the best position to lead the state.Speaking at a pre-campaign event in Surulere, Lagos on Friday, the ex-governor said Sanwo-Olu displayed his “competence” when he served as a commissioner under him.“I am in a vantage [...]

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    Buhari: Benue next in line for ‘deeper crude oil search’

Buhari: Benue next in line for ‘deeper crude oil search’

After resuming the search for hydrocarbon resources at Kolmani River II oil well in the Gongola basin of Benue Trough, Bauchi state,  the Nigerian National Petroleum Corporation (NNPC) will soon commence drilling activities in Benue state. [...]

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    INTERVIEW: To grow, oil industry should learn from telcos on asset sharing, says Austin Okere

INTERVIEW: To grow, oil industry should learn from telcos on asset sharing, says Austin Okere

Austin Okere, founder and executive vice chairman of Computer Warehouse Group (CWG) Plc, says stakeholders in Nigeria’s oil industry should collaborate on assets and compete on contracts to grow sustainable local companies.In this interview with TheCable, Okere, who is also the entrepreneur-in-residence at the Ausso Leadership Academy, speaks on innovation and efficiency in the oil and gas industry, local content [...]

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    El-Rufai issues death threat to foreigners ‘planning to intervene in elections’

El-Rufai issues death threat to foreigners ‘planning to intervene in elections’

Nasir el-Rufai, governor of Kaduna state, says any “foreign power” that intervenes in the general election would return to to their country in body bags.Speaking during an NTA Live programme on Tuesday evening, el-Rufai said as an independent and sovereign state, Nigeria would never bow to foreign powers.“Those that are calling for anyone to come and intervene in Nigeria, we [...]

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    Kano judiciary moves to enable speedy dispute resolution for SMEs

Kano judiciary moves to enable speedy dispute resolution for SMEs

The Kano state judiciary has inaugurated a small claims court  to enable speedy resolution of commercial disputes for small and medium scale enterprises (SMEs).The launch was in partnership with the Presidential Enabling Business Environment Council (PEBEC), which "aims to make Nigeria a progressively easier place to do business".This is according to a statement signed by Jumoke Oduwole, PEBEC secretary, on [...]

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    Turkish officials foil ‘attempt to steal’ 1,200-year-old Bible

Turkish officials foil ‘attempt to steal’ 1,200-year-old Bible

Three suspects were apprehended while trying to sell a 1,200-year-old Bible in the Diyarbakir province of south-eastern Turkey.The Bible is said to contain 34 pages with gold lettering on leather.According to a statement from the Diyarbakir governor’s office, the suspects were caught during an anti-smuggling operation.The statement said a total of six suspects were taken into custody, although no [...]

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Exchange Rates

February 15, 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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