Tuesday, September 25, 2018

Oluwatoyin Bayagbon

    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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    Group urges FG to act on ‘grand conspiracy’ in oil and gas sector

Group urges FG to act on ‘grand conspiracy’ in oil and gas sector

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    Falana replies Buhari: National security is subject to rule of law

Falana replies Buhari: National security is subject to rule of law

Femi Falana, a senior advocate of Nigeria (SAN), says national security is subject to the rule of law.He said President Muhammadu Buhari should not place government security above the security of individual Nigerians.Falana made the remark during a presentation at the 2018 conference of the Nigerian Bar Association (NBA) in Abuja on Wednesday.The human rights lawyer made reference to the president's [...]

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    Buhari rejected PIGB ‘for constitutional reasons’

Buhari rejected PIGB ‘for constitutional reasons’

President Muhammadu Buhari withheld his assent from the Petroleum Industry Governance Bill (PIGB) because of ''legal and constitutional reasons'', his legislative aide has said.Ita Enang described as blackmail reports that Buhari rejected the bill because it whittled down his power as minister of petroleum resources.In press release on Wednesday, Enang said the three major reasons are:"That the provision of the [...]

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    EXCLUSIVE: Buhari rejects PIGB, says it whittles down his power

EXCLUSIVE: Buhari rejects PIGB, says it whittles down his power

President Muhammadu Buhari has rejected the historic Petroleum Industry Governance Bill (PIGB) as passed by the national assembly, TheCable Petrobarometer understands.The proposed law, which is conceived to liberalise the governance structure of Nigeria's oil industry, is one of the four bills in which the omnibous Petroleum Industry Bill (PIB) was broken into by the legislature after over a decade of [...]

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    FG partners UK, France to tackle cross-border crime

FG partners UK, France to tackle cross-border crime

The federal government has announced a partnership with the UK, Niger and France to tackle cross-border crimes.This is according to a statement made available on the federal government's Twitter handle on Tuesday.Abdulrahman Dambazau, minister of interior, said the partnership was proposed during a meeting of the four countries at the regional conference on anti-human trafficking/smuggling of migrants, which held in [...]

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    FG planning to cage Ortom with flight ban, says aide

FG planning to cage Ortom with flight ban, says aide

Terver Akase, spokesman of Samuel Ortom, governor of Benue state, has alleged that the federal government is planning to cage his principal with a flight ban.Akase said this one day after Ortom alleged that herdsmen are plotting to kill him.In an interview with TheCable, the governor's spokesman alleged that the federal government had banned all private and chartered flights to and [...]

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    PHOTOS: Egina FPSO sails to OML 130

PHOTOS: Egina FPSO sails to OML 130

The $3.3 billion floating production storage offloading (FPSO) vessel for the Egina deepwater oilfield departed for the oilfield in the early hours of Sunday.The Egina oil field is located in OML 130, 150km offshore Port Harcourt, Rivers state with a production capacity of 200,000 barrels of oil per day.The oil field is controlled by Total Upstream Nigeria (24%) in partnership [...]

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    John McCain, US senator and war hero, dies at 81

John McCain, US senator and war hero, dies at 81

John McCain, a Republican senator and two-time contender for the office of the president of the United States, is dead.McCain, aged 81, died on Saturday at his home in Arizona, the New York Times reports, quoting a statement from the deceased’s office."Senator John Sidney McCain III died at 4:28pm on Auguts 25, 2018. With the senator when he passed were [...]

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    114 female supporters of Nnamdi Kanu regain freedom

114 female supporters of Nnamdi Kanu regain freedom

A high court in Owerri, Imo state capital, has set free the 114 women who were arrested after staging a protest in support of Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB).A magistrate court in Owerri had ordered their detention.  This sparked widespread criticism.At the court on Friday, Ejiofor Uche, lead counsel to the women, filed a bail [...]

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    Nigeria is sixth largest crude income earner in OPEC

Nigeria is sixth largest crude income earner in OPEC

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    Ortom asks Benue residents to place interest of the state above any factor

Ortom asks Benue residents to place interest of the state above any factor

Samuel Ortom, governor of Benue state, has urged indigenes to place the interest of the state above any factor capable of causing disunity and retrogression.The governor made the call in a statement made available by Terver Akase, Benue chief press secretary, on Tuesday.Ortom said the safety of lives and property in all parts of the state is the priority of [...]

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    Oil spill: Shell to begin remediation in Aghoro, Odimodi

Oil spill: Shell to begin remediation in Aghoro, Odimodi

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    Schneider Electric: We’ve created a platform that will boost profitability in organisations

Schneider Electric: We’ve created a platform that will boost profitability in organisations

Schneider Electric, a digital energy management and automation multinational, says it has created a platform to address the challenges companies face with respect to data protection regulations.Viviane Mike-Eze, its marketing communications manager, made this known during the international data corporation (IDC) cloud and datacenter roadshow on Wednesday.According to her, the EcoStruxture, the platform, is designed to “deliver innovation at every [...]

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Exchange Rates

September 24, 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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