Wednesday, September 19, 2018

Oluwatoyin Bayagbon

    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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    Enang: PIGB a masquerade, Buhari was right to withhold assent

Enang: PIGB a masquerade, Buhari was right to withhold assent

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    Ortom blasts APC aspirant: Leave me alone and focus on your change agenda

Ortom blasts APC aspirant: Leave me alone and focus on your change agenda

Samuel Ortom, governor of Benue state has asked Titus Zam, a governorship aspirant under the All Progressives Congress (APC), to tell people of the state about his development agenda instead of speaking ill of him.Ortom said this on Tuesday in response to comments made by Zam who was his special adviser on bureau for local government and chieftaincy affairs.While addressing [...]

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    Forbes ranks Rwanda, S’Africa over Nigeria on ‘investor protection’

Forbes ranks Rwanda, S’Africa over Nigeria on ‘investor protection’

Forbes has ranked Nigeria 3rd best in Africa in terms of "investor protection".Rwanda and South Africa were rated above Nigeria on the African continent. A total of  153 countries were surveyed.The American business magazine made this known in its Index of Best Countries for Business Report released on Friday.The report said in the period under review, Nigeria experienced positive economic growth driven [...]

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    It’s time to retire corrupt politicians, says Moghalu as he clinches YPP presidential ticket

It’s time to retire corrupt politicians, says Moghalu as he clinches YPP presidential ticket

Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has emerged presidential candidate of the Young Progressives Party (YPP).Speaking after clinching the party's ticket in Abuja on Saturday, Moghalu said the time had come to retire corrupt politicians and build a great nation.In August, Moghalu withdrew from the Presidential Aspirants Coming Together (PACT) which produced Fela [...]

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    ‘We’ll be part of your success story’ — Osinbajo hosts Nigerian winners of Silicon Valley contest

‘We’ll be part of your success story’ — Osinbajo hosts Nigerian winners of Silicon Valley contest

Vice President Yemi Osinbajo says the federal government will support the “FD-Detector,” a mobile application (app) developed by five Nigerian girls.In August, the five girls from Anambra state clinched the number one spot at the World Technovation Challenge in Silicon Valley, San Francisco, US, for their work on the app.The app was designed to tackle the challenge of fake pharmaceutical [...]

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    PHOTOS: Wizkid attends GQ Awards as Naomi Campbell’s date

PHOTOS: Wizkid attends GQ Awards as Naomi Campbell’s date

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    Kano APC adopts direct primary for 2019 elections

Kano APC adopts direct primary for 2019 elections

The Kano state chapter of the All Progressive Congress (APC) has adopted direct primary to select candidates for all elective positions in the 2019 elections.Direct primary is a process where interested members of the party vote for a candidate, while indirect primary election would require delegates to choose the party’s candidate.The party made this known in a statement signed by [...]

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Exchange Rates

September 18, 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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