Thursday, November 15, 2018

Oluwatoyin Bayagbon

    ICPC charges OAU ‘sex-for-marks’ prof to court

ICPC charges OAU ‘sex-for-marks’ prof to court

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has charged Richard Akindele, a former lecturer of the Obafemi Awolowo University, Ile-Ife, to court.Akindele, who allegedly demanded sex from Monica Osagie, a postgraduate student of OAU, will appear before the federal high court, Osogbo, Osun state capital, on Monday.In an audio which went viral in April, the professor was [...]

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    Saraki asks Oshiomhole to resign

Saraki asks Oshiomhole to resign

Senate President Bukola Saraki has asked Adams Oshiomhole, national chairman of the All Progressives Congress (APC), to quit politics.Saraki made the statement in Ilorin on Wednesday, on the sidelines of a remembrance ceremony held in honour of his late father.On Sunday, the Department of State Services (DSS) had detained Oshiomhole after some APC governors alleged that he received bribes during [...]

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    Nigerian firm partners CNN to launch digital news platform

Nigerian firm partners CNN to launch digital news platform

Times Multimedia (TMM), an indigenous media and technology company, has announced a partnership with CNN International.Both companies have come together to launch Follio.ng, a digital news platform, which will go live early in 2019.According to a statement signed by Zubby Emodi, managing director at TMM, the news and entertainment platform is targeted at “residents of Nigeria and millions of Nigerians [...]

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    EFCC seizes ‘gold worth N211m’ at Lagos airport

EFCC seizes ‘gold worth N211m’ at Lagos airport

The Economic and Financial Crimes Commission (EFCC) says its officials seized gold worth N211 million being illegally transported through the Murtala Mohammed International Airport (MMIA), Lagos.Tony Orilade, EFCC acting head, media and publicity, disclosed this in a statement in Abuja.According to Orilade, the package was to be taken to Dubai in the United Arab Emirates.Although unnamed, the EFCC official said [...]

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    Digitisation ‘is key to growth in downstream sector’

Digitisation ‘is key to growth in downstream sector’

Abayomi Elebute, chief executive officer of Energy360 Africa Limited, says companies operating in Nigeria's oil and gas downstream sector need to embrace digitisation to remain relevant in business.Elebute made the remark during his presentation at the 12th Oil Trading and Logistics Africa Downstream week which held recently in Lagos.According to him, in line with global trends, indigenous companies should welcome [...]

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    Oil prices hit one-year low as WTI loses $2 in 30 minutes

Oil prices hit one-year low as WTI loses $2 in 30 minutes

Oil prices hit its lowest point since December 2017 on Tuesday, following anticipated oversupply in the global crude oil market.  [...]

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    FG awards N206bn contract for 2nd Niger Bridge

FG awards N206bn contract for 2nd Niger Bridge

The federal government has awarded Julius Berger Construction Company a N206 billion contract for the main work on the 2nd Niger Bridge.Babatunde Fashola, minister of power, works and housing, made the disclosure during a press briefing in Abuja on Monday.According to him, the project expected to be completed in 36 months, would be funded under the presidential infrastructure development fund (PIDF).He [...]

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    ‘She doesn’t need Amnesty’s award’ — Myanmar defends leader

‘She doesn’t need Amnesty’s award’ — Myanmar defends leader

Government officials and citizens of Myanmar have defended Aung San Suu Kyi, their leader, after Amnesty International revoked an award given to her in 2009.The human rights group revoked the Ambassador of Conscience, its highest award, which it gave Suu Kyi during her 15-year house arrest in 2009.The group said Suu Kyi has shown indifference to the atrocities committed by [...]

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    Otunuga: Defending the naira may become a headache for CBN

Otunuga: Defending the naira may become a headache for CBN

Lukman Otunuga, FXTM research analyst, says the Central Bank of Nigeria (CBN) may find it hard to defend the naira against an appreciating dollar, regardless of its resilience.The naira has maintained stability in the foreign exchange (forex) market owing to a series of interventions by the apex bank.In October, Godwin Emefiele, CBN governor had said the central bank prefers to save [...]

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    Top 100 entries selected for 9mobile photography competition

Top 100 entries selected for 9mobile photography competition

Nigerians can now choose a winner in the “voters’ choice” category for the 2018 edition of the 9mobile photography competition. [...]

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    198 dead in Congo’s worst Ebola outbreak

198 dead in Congo’s worst Ebola outbreak

Almost 200 people have died in the latest Ebola outbreak to hit the Democratic Republic of Congo (DRC) since August.According to the nation’s health ministry, there are more than 300 confirmed or probable cases."At this point, 319 cases and 198 deaths have been registered," Oly Ilunga, the country’s health minister, said."In view of these figures, my thoughts and my prayers [...]

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    Rita Dominic: I almost got married but I’m happy it didn’t work out

Rita Dominic: I almost got married but I’m happy it didn’t work out

[...]

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    MTN sues FG for N3bn over $1.3bn tax default claim

MTN sues FG for N3bn over $1.3bn tax default claim

MTN Nigeria is seeking N3 billion in damages and legal costs from the federal government.The telco is challenging the legality of N242 billion and $1.3 billion import duties and withholding tax demanded from it.NAN reports that Wole Olanipekun, MTN’s lead counsel, on Thursday informed the federal high court of the various processes filed before it and served on respective parties [...]

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    IMF: Over 50% of Nigeria’s revenue is used to service debt

IMF: Over 50% of Nigeria’s revenue is used to service debt

Amine Mati, International Monetary Fund (IMF) senior resident representative for Nigeria, says more than 50 percent of Nigeria's revenue is used to service the country's debtHe made the remark during a presentation by the International Monetary Fund (IMF) on the economic outlook for sub-Saharan Africa, stating that Nigeria was diverting more resources toward interests payments.He said that although Nigeria’s debt to gross [...]

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    Three dead, five missing as boat capsizes in Lagos

Three dead, five missing as boat capsizes in Lagos

A search operation is ongoing after a boat carrying 20 passengers capsized in the Apapa area of Lagos on Wednesday.Five persons were said to be missing as at Thursday morning.Confirming the incident in a statement, Adesina Tiamiyu, general manager of the Lagos State Emergency Management Agency (LASEMA), said three people lost their lives.The boat was heading from Liverpool in Apapa [...]

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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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