Wednesday, November 14, 2018

Oluwatoyin Bayagbon

    Court upholds interim forfeiture of Patience Jonathan’s $5.8m

Court upholds interim forfeiture of Patience Jonathan’s $5.8m

A Lagos division of the court of appeal, on Friday ordered an interim forfeiture of the sum of $5.8 million and N2.4 billion allegedly traced to the accounts of Patience Jonathan, wife of former President Goodluck Jonathan.Mojisola Olatoregun, a judge of the federal high court had in April of 2017, issued an order of interim forfeiture on the said amounts [...]

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    NAPIMS ‘diverted $597m from cash call to consultancy, admin, security’

NAPIMS ‘diverted $597m from cash call to consultancy, admin, security’

The National Petroleum Investment Management Services (NAPIMS) diverted 14% from the payments Nigeria made to joint venture operators in 2015. [...]

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    Amnesty on herdsmen killings: It’s not enough for govt to make pronouncements

Amnesty on herdsmen killings: It’s not enough for govt to make pronouncements

Amnesty International has condemned the wave of violence in the country, asking the federal government to punish all those involved.According to the organisation, over 80 people were killed between January 1 and January 5 in Benue, Rivers, Taraba and Kaduna alone.In a statement signed by Osai Ojigho, director of Amnesty International in Nigeria, the human rights organisation clamoured for accountability [...]

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    Nigeria is ‘eighth cheapest country to buy petrol’

Nigeria is ‘eighth cheapest country to buy petrol’

Nigeria is the eighth cheapest place in the world to buy petrol according to a report by Bloomberg.The report explained that Nigeria's selling price of N145 (equivalent to $0.40 per litre) and $1.52 per gallon makes it one of the 10 cheapest places in the world to buy gasoline compared to a global average of $1.12 per litre.The report said [...]

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    Former Osun LG chairman bags 3-year jail sentence for N22m fraud

Former Osun LG chairman bags 3-year jail sentence for N22m fraud

Rufus Ojo, a former chairman of Orolu local government area of Osun state, has been sentenced to three years in prison for allegedly diverting N22 million meant for the council.David Oladimeji, a judge of the state high court, found Ojo guilty on two of the three counts filed against him by the Economic and Financial Crimes Commission (EFCC).Ojo’s trial began [...]

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    Nigerian pastors ‘living like celebrities’ in London

Nigerian pastors ‘living like celebrities’ in London

Mathew Ashimolowo and Alex Omokudu, two Nigerian pastors based in the United Kingdom (UK), have been accused of enriching themselves through church wealth.According to The Sun, a British Tabloid, the men are living lavishly at the expense of members of their congregation which largely consists of average income earners.Ashimolowo's Kingsway International Christian Centre (KICC) which was established in 1992 in the [...]

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    Pump price of fuel should not go up ‘even by one naira’

Pump price of fuel should not go up ‘even by one naira’

Accountable Leadership for Better Nigeria Initiative (ALBNI), a newly registered civil society group, says any plan to hike the price of petroleum products is “absurd” and should be “quashed”.The group said this in a statement jointly issued by Ogochukwu Paul, its director of media and communication, and signed by Remi Adebayo, president.“Our position on the planned fuel increment by the [...]

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    Egypt’s Muslim president attends Christmas mass

Egypt’s Muslim president attends Christmas mass

President Abdel-Fattah el-Sisi of Egypt on Saturday made a symbolic appearance at an Orthodox Christmas mass in a new cathedral located in the country’s new administrative capital.El-Sisi’s appearance -his third- is said to be symbolic because it represents an act of solidarity with the nation’s embattled Coptic Christians.In attendance at the mass was Tawadros II, the Coptic pontiff, who led [...]

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    We’re committed to diversification, says Sahara Group

We’re committed to diversification, says Sahara Group

Tonye Cole, executive director and co-founder, Sahara Group, says the company is committed to sustaining its growth and expansion across global markets through diversification, collaboration and innovation.Cole made this known in the release of Sahara Group’s second sustainability report titled 'Sustainability through synergy'.The report highlights the company’s key investments, innovation in the power sector and its newly adopted supply chain [...]

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    Ben Bruce asks Buhari to thank Jonathan for the train ride he enjoyed in Kaduna

Ben Bruce asks Buhari to thank Jonathan for the train ride he enjoyed in Kaduna

Ben Murray Bruce, senator representing Bayelsa east, says President Muhammadu Buhari should give credit to ex-President Goodluck Jonathan for a train ride he took to Kaduna.Buhari inaugurated new rail vehicles for the Kaduna–Abuja train service at Rigasa train station in Kaduna on Thursday.He later took a train ride from Rigasa to Kakuri on the outskirts of Kaduna to inaugurate Nigeria’s [...]

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    Edo accuses BUA of spreading falsehood

Edo accuses BUA of spreading falsehood

The Edo state government says BUA International Limited has contradicted itself with regards to the situation at Obu mine site in the Okpella area of the state.On Wednesday, Godwin Obaseki, governor of Edo, ordered the arrest of two employees of BUA over alleged violation of a 'stop work order'.The order was given following the dispute between Dangote Group and BUA. [...]

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    Ezekwesili: I have an agenda to stop APC, PDP in 2019

Ezekwesili: I have an agenda to stop APC, PDP in 2019

Oby Ezekwesili, former minister of education, says her political agenda is to actively “campaign against” the All Progressives Congress (APC) and Peoples Democratic Party (PDP) in the 2019 election.Ezekwesili made this known through a series of tweets on Wednesday morning.She promised to actively campaign for the “best candidates” from other parties except the PDP and APC presented new and “suitable [...]

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    Silverbird to honour Wike, Aisha Buhari, Emefiele

Silverbird to honour Wike, Aisha Buhari, Emefiele

Silverbird Television has announced the winners of the 2017 edition of its yearly awards "instituted to recognise individuals who have affected the lives of Nigerians positively".In a statement issued on Thursday, the organisation said the public had voted Nyesom Wike, governor of Rivers state, as the Silverbird Man of the Year for 2017."Wike was nominated for the award for embarking on [...]

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    Buratai launches investigation into ‘extortion’ by soldiers

Buratai launches investigation into ‘extortion’ by soldiers

Tukur Buratai, chief of army staff, has launched an investigation into alleged extortion of motorists by soldiers on the Maiduguri-Gamboru Ngala road in Borno state.Sani Usman, director of army public relations, in a statement on Sunday, said the order resulted from complaints made by a certain “DanBorno” as he is known on Twitter.According to Usman, DanBorno said soldiers allegedly collect [...]

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    Adeleke, Dino, Okorocha… nine politicians who trended on social media in 2017

Adeleke, Dino, Okorocha… nine politicians who trended on social media in 2017

Politics generate the strongest and most polarised reactions in the society.Politicians are therefore loved and loathed, respected and ridiculed, eulogised and feared in varying measures.From the enviable dance moves of Ademola Adeleke and Maria Nwachi to the viral song by Dino Melaye, here is a collection of nine highly publicised moments from Nigerian politicians in 2017.DINO MELAYEIn 2017, Dino Melaye, a [...]

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    REVEALED: Nigeria lost $1.45bn worth of crude oil in 2015

REVEALED: Nigeria lost $1.45bn worth of crude oil in 2015

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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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