Wednesday, November 14, 2018

Oluwatoyin Bayagbon

    Group asks FG to convert Sambisa forest to cattle colony

Group asks FG to convert Sambisa forest to cattle colony

The South West Progressive Youth and People Movement (SWPYPM), a civil society group, has asked the federal government to convert Sambisa forest into a cattle colony.The group made the call at a press briefing jointly organised with Journalists for Democratic Rights (JODER), Civil Coalition for Mandate Protection (CSC-MAP) and South West Students Movement (SWSM), in Lagos on Wednesday.According to Taiwo [...]

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    NPA generated N299bn in 2017– highest in five years

NPA generated N299bn in 2017– highest in five years

The Nigerian Ports Authority (NPA) says in 2017, it generated N299.56 billion - its highest revenue in five years.The agency made this known in a statement signed by Abdullahi Goje, its general manager, corporate and strategic communications.The last time the agency yielded a remarkable income was in 2015 when it recorded a revenue of N180.50 billion.It generated N154.50 billion in [...]

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    Fears over renewed militancy after Bonga oil field shut-down

Fears over renewed militancy after Bonga oil field shut-down

The Bonga deep offshore oil field, one of Nigeria’s highest volume producers and top revenue earners, was shut down for days in January, disrupting crude exports and cutting the country’s projected oil revenues for the month, TheCable has learnt.  [...]

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    Timi Alaibe equips library named after late wife

Timi Alaibe equips library named after late wife

Timi Alaibe, chairman of the Oil and Gas Free Zone Authority (OGFZA), has fully equipped a library in the faculty of management sciences of the Rivers State University, Port Harcourt.The university had named a library after Alaere, his late wife.Speaking at the unveiling ceremony, Alaibe said through his donation, he was determined to make the library the “best of [...]

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    Arik Air introduces flight from Lagos to Port Harcourt air force base

Arik Air introduces flight from Lagos to Port Harcourt air force base

Arik Air has introduced Garden City Express service, which will take passengers from MMA2, Ikeja, Lagos, to the Nigeria Air Force (NAF), Port Harcourt, Rivers state capital.In a statement on Sunday, the airline said operations on this route will begin on February 12.Port Harcourt International airport is located in Omagwa. Passengers usually spend at least time to connect the main part [...]

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    Buhari should sign PIGB ‘to eliminate huge oil revenue losses’

Buhari should sign PIGB ‘to eliminate huge oil revenue losses’

The Nigeria Natural Resource Charter (NNRC) has asked President Muhammadu Buhari to sign the Petroleum Industry Governance Bill (PIGB) into law. [...]

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    IGP clears charges against Daily Times, Anosike brothers

IGP clears charges against Daily Times, Anosike brothers

Ibrahim Idris, inspector-general of police, has cleared all charges against Fidelis Anosike, publisher of Daily Times, and Noel Anosike, group managing director of the newspaper, and five staff of the company.Idris has also commissioned a full investigation into allegations against Ikechukwu Obiorah, a former senator from Anambra state, who is involved in a battle with Anosike, over the ownership of [...]

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    Lagos marathon: LASTMA announces alternative routes for motorists

Lagos marathon: LASTMA announces alternative routes for motorists

Lagos State Traffic Management Authority (LASTMA) has announced alternative routes for motorists in preparation for the upcoming city marathon scheduled for February 10.In a statement, Mahmud Hassan, public affairs officer of LASTMA, said the marathon will start at the National Stadium, Surulere and end at Eko Atlantic City, Victoria Island.According to Hassan, motorists and commercial vehicles plying certain routes would [...]

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    NURTW: Lekki toll review will not affect transport fare

NURTW: Lekki toll review will not affect transport fare

The National Union of Road Transport Workers (NURTW) says the Lekki toll review which goes into effect February 1 will not affect transport fare.Taofeek Oluwa, chairman, NURTW Eti-Osa, made the disclosure on Wednesday in a press statement signed by Olusola Asorobaja, the union’s media officer.The Lekki Concession Company Limited (LCC) had on January 25 announced a toll hike for motorists [...]

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    Airtel, Helios petition FG over ‘irregularities’ in 9mobile sale process

Airtel, Helios petition FG over ‘irregularities’ in 9mobile sale process

The sale process of 9mobile, formerly known as Etisalat, hit a new turn on Tuesday as Bharti Airtel and Helios Investment Partners LLP petitioned industry regulators over alleged "irregularities".According to Technology Times, both companies have asked regulators in the telecoms and banking sector to probe the ongoing sale process.Umar Danbatta, deputy vice-chairman, NCC, Godwin Emefiele, governor, Central Bank of Nigeria [...]

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    Mobile operators blame fibre cuts, fake phones for poor service

Mobile operators blame fibre cuts, fake phones for poor service

The rising spate of fibre cuts have fuelled agitations in Nigeria’s telecommunications sector, with operators complaining about its negative impact on quality of service (QOS).According to mobile operators, QoS has deteriorated in recent weeks, limiting data usage and connectivity.This has led to an upsurge in “dropped calls” and increased incidents of “silent calls,” a situation where a caller cannot hear [...]

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    British Council honours Lagos primary school

British Council honours Lagos primary school

M.D Nursery and Primary School, Lagos, has received the British Council International School Award in recognition of its "educational excellence".The international school award (ISA) is a “benchmarking scheme that accredits schools as having an outstanding level of support for nurturing global citizenship in young people and enriching teaching and learning”.The award recognises and celebrates “exemplary practices of internationalism in schools”.Extending [...]

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    NPA gives Intels 2-week ultimatum to remit ‘$48m debt’

NPA gives Intels 2-week ultimatum to remit ‘$48m debt’

The Nigerian Ports Authority (NPA) has given Intels Nigeria limited (Intels) a two-week ultimatum to remit an outstanding $48 million that ought to have been paid into the maritime agency's treasury single account (TSA) in 2017.Speaking during an interview with CNBC Africa, Hadiza Bala Usman, managing director of the agency, said Intels' notice of termination will stand if the company failed to [...]

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    Olujimi on elevator incident: I was accidentally hit but my aide was beaten up

Olujimi on elevator incident: I was accidentally hit but my aide was beaten up

Biodun Olujimi, deputy minority whip of the senate, says she was accidentally hit while her aide was beaten up by Kingsley Oti, leader of the Parliamentary Staff Association of Nigeria (PASAN).Olujimi said this in reaction to an uproar at the National Assembly Complex on Monday, resulting from a fight that broke out between her aide and the PASAN leader.The lawmaker [...]

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    Barkindo: Petroleum industry responding to growth not seen in years

Barkindo: Petroleum industry responding to growth not seen in years

Mohammed Barkindo, secretary general, Organisation of Petroleum Exporting Countries (OPEC), says the petroleum industry is responding to demands not seen in years.He said this in an interview with Bloomberg Television on the sidelines of the World Economic Forum in Davos, Switzerland.He said growth in global demand of oil and increased conformity with supply cuts, will ensure market equilibrium in 2018 and [...]

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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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