Monday, September 24, 2018

Oluwatoyin Bayagbon

    Chimamanda Adichie: What I find disgusting about bride price

Chimamanda Adichie: What I find disgusting about bride price

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    Italian court jails middlemen involved in Malabu deal

Italian court jails middlemen involved in Malabu deal

A Milan court has sentenced Emeka Obi, a Nigerian and Gianluca Di Nardo, an Italian, to a four-year jail term for their complicity in a bribery scandal linked to the sale of OPL 245 in 2011.Quoting a legal source, Reuters reported that Obi and Di Nardo were sentenced on Thursday.Both men were said to be closely linked to Dan Etete, [...]

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    NLNG to sign agreement on guaranteed feedstock supply for Train 7 project

NLNG to sign agreement on guaranteed feedstock supply for Train 7 project

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    NNPC: Funding plan for AKK gas pipeline project near conclusion

NNPC: Funding plan for AKK gas pipeline project near conclusion

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    Group asks regulators to wade into ‘forced liquidation’ of maritime company

Group asks regulators to wade into ‘forced liquidation’ of maritime company

Campaign Against Impunity (CAI), a civil society group has called on regulators in the oil, gas, and maritime sectors, to wade into the "forced liquidation" of Sea Trucks Group (STG), an indigenous company, by some expatriates.The group made the call in a series of letters addressed to the Nigerian National Petroleum Corporation (NNPC), the National Petroleum Investment Management Services (NAPIMS), [...]

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    Airtel launches 4G in Anambra

Airtel launches 4G in Anambra

Airtel Nigeria has launched its 4G LTE (long term evolution device) in Onitsha, Awka, Nnewi and other major cities and towns in Anambra state.According to a statement by the telecommunications provider, the 4G service was launched on Wednesday.Representing Segun Ogunsanya, chief executive officer, Airtel, during the launch, Dapo Dosunmu, regional operations director, south region, said the switch to an upgraded [...]

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    BudgiT: Despite high IGR, Lagos ‘weighed down’ by increasing debt

BudgiT: Despite high IGR, Lagos ‘weighed down’ by increasing debt

Despite having the highest internally generated revenue (IGR) in 2017, Lagos state may be on “shaky grounds” as a result of its increasing debt profile.This is according to the 2018 edition of the State of States Report released on Tuesday by BudgiT, a civil society organisation.The report measures the fiscal sustainability of the 36 states in the federation.Fiscal sustainability is [...]

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    OPL 245: Italian court to decide Shell, Eni’s fate on Thursday

OPL 245: Italian court to decide Shell, Eni’s fate on Thursday

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    We’re charting a new course, says LADOL MD

We’re charting a new course, says LADOL MD

Amy Jadesimi, managing director of the Lagos Deep Offshore Logistics Base (LADOL), says enterprises like LADOL are “charting a new course, guided by sustainable principles".Jadesimi made the remark while giving a keynote address at the 2018 German Corporation for International Cooperation (GIZ) symposium on social and economic development which held in Bad Neuenahr, Germany from September 11 to September 13.She [...]

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    EFCC tackles HSBC, says bank laundering money for corrupt Nigerians

EFCC tackles HSBC, says bank laundering money for corrupt Nigerians

The Economic and Financial Crimes Commission (EFCC) has accused HSBC Bank of laundering proceeds of corruption for over 50 Nigerians, including a serving senator.A recent report attributed to the bank predicted that if President Muhammadu Buhari wins his second term bid, it would “stunt the economy”.Garba Shehu, senior special assistant to the president on media and publicity, had on Saturday [...]

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    Eat Me: Dark chocolate, cheese… five probiotic foods to promote healthy living

Eat Me: Dark chocolate, cheese… five probiotic foods to promote healthy living

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    PDP demands arrest, prosecution of Adeosun

PDP demands arrest, prosecution of Adeosun

The Peoples Democratic Party (PDP) says Kemi Adeosun, former minister of finance, should be arrested and prosecuted following her resignation.The party made the demand in a statement issued by Kola Ologbondiyan, its national publicity secretary, on Saturday.Adeosun resigned as minister following a scandal over the forgery of her exemption certificate from the mandatory National Youth Service Corps (NYSC) scheme.The PDP spokesman [...]

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    EFCC officials storm head office of Standard Chartered Bank

EFCC officials storm head office of Standard Chartered Bank

Officials of the Economic and Financial Crimes Commission (EFCC) stormed the headquarters of Standard Chartered Bank in Lagos on Friday.A source at the bank confirmed this to TheCable, saying some customers were escorted out of the premises located at Ahmadu Bello Way, Victoria Island, during the operation.Olasupo Shasore, former commissioner for justice in Lagos, said EFCC operatives were at the [...]

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    Oil nears $80 amid US hurricane threat, Iran sanctions

Oil nears $80 amid US hurricane threat, Iran sanctions

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    I couldn’t mourn my father until 10 years after his execution, says Zina Saro-Wiwa

I couldn’t mourn my father until 10 years after his execution, says Zina Saro-Wiwa

Zina Saro-Wiwa says she was unable to mourn her father, Ken Saro-Wiwa, a playwright and Ogoni activist, until 10 years after his execution.The New York-based artist disclosed this in an interview with Frieze, a UK magazine.Saro-Wiwa was hanged in 1995 for his alleged involvement in the murder of four Ogoni chiefs under the regime of Sani Abachi, late military dictator.According [...]

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Exchange Rates

September 24, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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