Wednesday, January 2, 2019

Oluwatoyin Bayagbon

    NCC grants telcos disconnection approval as interconnect ‘debt crisis’ worsens

NCC grants telcos disconnection approval as interconnect ‘debt crisis’ worsens

The Nigerian Communications Commission (NCC) has granted approval to Airtel, MTN and IHS to disconnect eight telecommunications operators over non-settlement of interconnect and facility charges.The commission gave the approval in a notice dated December 18, in line with the Nigerian Communications Act 2003.Interconnect debt arises when an operator fails to settle the cost of termination of service rendered to it [...]

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    Ezekwesili: My administration will lift 80 million people out of poverty

Ezekwesili: My administration will lift 80 million people out of poverty

Oby Ezekwesili, presidential candidate of the Allied Congress Party of Nigeria (ACPN), has assured Nigerians that she would address the increasing unemployment rate in the country if she emerges in 2019.  Ezekwesili gave the assurance while reacting to the Q4 2017 to Q3 2018 job report released by the Nigerian Bureau of Statistics (NBS) on Wednesday. According to the report, 20.9 million [...]

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    There’ll be flight disruptions during this festive season, Arik alerts passengers

There’ll be flight disruptions during this festive season, Arik alerts passengers

Arik Air has announced that there will be disruptions in some of its flight routes during the Yuletide season.In a statement on Thursday, the airline attributed the situation to “operational issues and adverse weather conditions”.It said some coastal areas in the southern and eastern parts of the country will be most affected.“The management of Arik Air regrets to inform our  esteemed [...]

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    Atiku’s aide: Unemployed Nigerians now twice the population of Benin Republic

Atiku’s aide: Unemployed Nigerians now twice the population of Benin Republic

Paul Ibe, media adviser to Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says the latest job report released by the National Bureau of Statistics (NBS) is catastrophic.The NBS released the job report for Q4 2017 to Q3 2018 on Wednesday, showing that the number of unemployed Nigerians rose from 17.6 million to 20.9 million in the review period. [...]

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    It took 17 years to transform LADOL, says Jadesimi

It took 17 years to transform LADOL, says Jadesimi

Amy Jadesimi, managing director of Lagos Deep Offshore Logistics Base (LADOL), says it took 17 years for the company to transform a “disused swamp” to a free zone.In an interview with Forbes, the 43-year old said LADOL has risen above challenges to operate the free zone, which is Nigeria’s “first privately-developed port terminal”."It is 100% Nigerian-owned, the first privately [...]

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    Obono-Obla: Oil companies contributing to Nigeria’s economic woes

Obono-Obla: Oil companies contributing to Nigeria’s economic woes

Okoi Obono-Obla, chairman, special presidential investigation panel for recovery of public property, says oil companies are contributing to Nigeria’s economic woes.Obono-Obla made the remark on Monday during a press briefing where he spoke on recent activities of the panel.According to him, some of the international oil companies (IOCs) have not paid income taxes or royalties on oil blocs they’ve been [...]

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    OPL 245: Shell, Eni knew of ‘illegal payments’ to Nigerian officials, says Italian judge

OPL 245: Shell, Eni knew of ‘illegal payments’ to Nigerian officials, says Italian judge

Giusy Barbara, an Italian judge, says oil giants Eni and Shell were fully aware that their 2011 purchase of OPL 245 would be embroiled in corruption. [...]

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    Atiku says Buhari is tired

Atiku says Buhari is tired

Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP), says President Muhammadu Buhari is tired.He said this while responding to the president's comment that Nigeria’s economy is in a bad shape.Abdulaziz Yari, governor of Zamfara state and chairman of the Nigerian Governors' Forum (NGF), had quoted Buhari as saying this during a meeting with governors on the proposed minimum wage, [...]

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    Customs CG threatens to sack any officer who fails college course thrice

Customs CG threatens to sack any officer who fails college course thrice

Hameed Ali, comptroller-general of the Nigeria Customs Service (NCS), says any officer who fails staff college course thrice, will be sacked.Ali said this at the 2018 course two (senior and junior courses) graduation ceremony of officers in the Nigeria Customs Command and Staff College in Abuja on Friday.He said the new rule was part of a reform being undertaken in [...]

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    Going out frequently can reduce depression in old age, study finds

Going out frequently can reduce depression in old age, study finds

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    NEDG: We weren’t influenced to exclude any party from presidential debate

NEDG: We weren’t influenced to exclude any party from presidential debate

The Nigeria Elections Debate Group (NEDG) has refuted claims that it deliberately excluded some political parties from the presidential and vice presidential debates for the 2019 elections.The vice-presidential debate holds on Friday, while the presidential debate is slated for January 19, 2019.In a statement signed by Eddie Emesiri, executive secretary, NEDG, the group said both it and the Broadcasting [...]

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    Fashola: It’s not govt’s problem if you don’t have power

Fashola: It’s not govt’s problem if you don’t have power

Babatunde Fashola, minister of power, works and housing, says the federal government should not be blamed for the problems in the power sector.According to PUNCH, Fashola made the remark at the Nextier Power Dialogue in Abuja on Wednesday.The minister reportedly blamed the past administration for selling assets that would have been used to rehabilitate the sector, adding that the [...]

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    EXTRA: Censors Board executive director arraigned for ‘stealing’ generator

EXTRA: Censors Board executive director arraigned for ‘stealing’ generator

Adedayo Thomas, executive director of the National Film and Video Censor Board (NFVCB), who was arrested for allegedly stealing a multi-million naira generator set has been granted bail.Thomas was arrested after the Special Presidential Investigation Panel for Recovery of Public Property (SPIPRPP) recovered a  Turban generating set in Lagos on November 13, from where he allegedly sold it.Ahmed Ndajiwo, senior [...]

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    Udoma: Budget 2019 is ready… we are awaiting N’assembly for presentation

Udoma: Budget 2019 is ready… we are awaiting N’assembly for presentation

Udoma Udoma, minister of budget national planning, says the 2019 budget proposal is ready but the national assembly is yet to fix a date for its presentation.Udoma made this known during a press briefing at the end of the federal executive council (FEC) meeting in Abuja on Wednesday.The meeting was presided over by President Muhammadu Buhari, who had approved [...]

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    NPA approves concession of Warri old port

NPA approves concession of Warri old port

The governing board of the Nigerian Ports Authority (NPA) has approved the concession of Terminal B, Warri Old Port, to Ocean and Cargo Services Limited. The announcement was made at a meeting chaired by Emmanuel Adesoye, chairman of the board, on Wednesday in Lagos. According to a statement issued by the NPA, the approval is part of the port reform process [...]

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    APC describes Atiku’s signing of peace accord as ‘face-saving move’

APC describes Atiku’s signing of peace accord as ‘face-saving move’

The All Progressives Congress (APC) has asked Nigerians to be wary of the Peoples Democratic Party (PDP) and Atiku Abubakar, its presidential candidate, in the weeks leading up to the 2019 elections.In a statement signed by Lanre Issa-Onilu, APC national publicity secretary, the party accused Atiku of not wanting to sign the national peace accord ahead of the 2019 elections. [...]

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Exchange Rates

January 02, 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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