Friday, September 21, 2018

Oluwatoyin Bayagbon

    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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    US-based Nigerian parents arrested after son dies during fasting

US-based Nigerian parents arrested after son dies during fasting

Kehinde Omosebi and Titilayo, his wife, have been arrested by the Reedsburg police department in Wisconsin, US, following the death of their 15-year old son.Ayanfe, their teenage son, was found dead in the family house and another child, an 11-year old was hospitalised following what the father described as a week-long religious fast.According to Wisconsin State Journal, the 49-year old [...]

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    Amazon becomes second trillion dollar US company

Amazon becomes second trillion dollar US company

Amazon has become the second publicly quoted company in the US to exceed the $1 trillion mark.The e-commerce company owned by Jeff Bezos, the world’s richest man, achieved the feat one month after iPhone manufacturer, Apple, hit the milestone. Amazon shares hit $2,050.49 around noon on Tuesday, bringing the company's value above $1 trillion. The company’s share price has remained bullish, surging as [...]

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    South Africa slips into recession

South Africa slips into recession

South Africa is currently experiencing a “technical recession,” after the country’s statistical bureau said real gross domestic product (GDP) decreased by 0.7 percent in the second quarter of the year (Q2 2018).The nation’s GDP had decreased by 2.6 percent (revised from 2.2 percent) in Q1 2018.A technical recession happens when a country experiences two quarters of negative growth consecutively.It is [...]

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    Nigeria’s oil output at risk as ex-workers continue blockade of Mobil’s Qua Iboe terminal

Nigeria’s oil output at risk as ex-workers continue blockade of Mobil’s Qua Iboe terminal

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    Kachikwu: OPEC supply cuts may extend into 2019

Kachikwu: OPEC supply cuts may extend into 2019

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    Donald Duke: Homosexuality is a crime in Nigeria and ought to remain so

Donald Duke: Homosexuality is a crime in Nigeria and ought to remain so

Donald Duke, former governor of Cross River state, has issued a statement to clarify his position on same sex relationships.Duke, a presidential aspirant, had received backlash for a comment he made during a show anchored by Folarin Falana (Falz) and Laila Johnson-Salami.Explaining his stance on same sex relationships, Duke had said that he would not criminalise homosexuality, as long as [...]

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    Eat Me: Boosts sex drive, reduces blood pressure… why celery should be in your diet

Eat Me: Boosts sex drive, reduces blood pressure… why celery should be in your diet

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    PDP calls Buhari ‘insensitive leader’ over comment on illegal migrants

PDP calls Buhari ‘insensitive leader’ over comment on illegal migrants

The Peoples Democratic Party (PDP) has criticised President Muhammadu Buhari’s comment on illegal migrants. While playing host to German Chancellor Angela Merkel on Friday, Buhari said migrants who take the risk of going through the Sahara and the Mediterranean Sea are on their own.“We have made it very clear that we do not support anything illegal and anybody who feels this [...]

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    Volkswagen signs MoU to make Nigeria automotive hub in West Africa

Volkswagen signs MoU to make Nigeria automotive hub in West Africa

German Automobile manufacturer, Volkswagen, has signed a memorandum of understanding (MoU) with Nigeria to turn the country into the “automotive hub” of West Africa.The agreement was signed during German Chancellor Angela Merkel’s visit to Nigeria, with Okey Enelamah, minister of industry, trade and investment, present at the signing ceremony in Abuja.The car manufacturer also signed a MoU with Ghana to [...]

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    Amaechi: It’s a fallacy! I never appointed governorship candidate for Rivers APC

Amaechi: It’s a fallacy! I never appointed governorship candidate for Rivers APC

Rotimi Amaechi, minister of transportation, says he never appointed a governorship candidate for the All Progressives Congress (APC) in Rivers state.Amaechi, a former governor, is the leader of the political party in Rivers.The minister was alleged to have endorsed Tonye Cole, co-founder of Sahara Energy, as the candidate of the party for the 2019 governorship election.But in a statement released [...]

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    Airtel sponsors maiden edition of ‘Dating Game Nigeria’ show

Airtel sponsors maiden edition of ‘Dating Game Nigeria’ show

Airtel Nigeria has announced its partnership with EbonyLife TV to sponsor the maiden edition of the"Dating Game Nigeria" show.In a statement, the telecommunications company said the show is open to contestants who are single and looking forward to deepening friendship bonds.Commenting on the partnership, Dinesh Balsingh, chief commercial officer, Airtel Nigeria, said: “Connected people are inspired people. We connect our [...]

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Exchange Rates

September 21, 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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