Wednesday, January 2, 2019

Oluwatoyin Bayagbon

    Adichie’s Purple Hibiscus Trust fetes new crop of writers at ‘magical’ literary shindig

Adichie’s Purple Hibiscus Trust fetes new crop of writers at ‘magical’ literary shindig

A new crop of writers has been unleashed into the literary and creative world after the 11th edition of the Purple Hibiscus Trust workshop recently came to an end. [...]

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    No plan to increase petrol pump price, says PPPRA

No plan to increase petrol pump price, says PPPRA

The Petroleum Products Pricing Regulatory Agency (PPPRA) says the federal government has no plan to increase the pump price of premium motor spirit (PMS) also known as petrol.Abdulkadir Saidu, executive secretary, PPPRA gave the assurance on Tuesday.Saidu appealed to Nigerians to disregard speculations that there would be an increase from the current price of N145 per litre.He urged marketers to [...]

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    Nigeria joins OPEC cuts despite higher oil production projections for 2019

Nigeria joins OPEC cuts despite higher oil production projections for 2019

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    Accord Party presidential candidate asks Nigerians to reject Buhari, Atiku

Accord Party presidential candidate asks Nigerians to reject Buhari, Atiku

Isaac Ositelu , presidential candidate of the Accord Party (AP), has accused President Muhammadu Buhari and Atiku Abubakar of being among those who plunged Nigeria to its current state of “misery and hopelessness”.In a statement, Ositelu urged voters to “reject” Buhari and Atiku, two of the most popular contenders in the 2019 presidential election, saying that is the only way [...]

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    Airtel discloses plan to set up ‘payment service bank’ in Nigeria

Airtel discloses plan to set up ‘payment service bank’ in Nigeria

Airtel Nigeria has announced plans to set up a payment service bank (PSB) in NigeriaSegun Ogunsanya, managing director, Airtel Nigeria, made the disclosure on Tuesday, saying  it would help to deliver mobile banking services to its teeming customers.According to him, Airtel will apply for the PSB license through a subsidiary which is in line with guidelines to establishing a PSB, issued [...]

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    NGO seeks implementation of criminal justice law

NGO seeks implementation of criminal justice law

Partners West Africa Nigeria (PWAN), a non-governmental organisation, has called on states across the country to adopt the Administration of Criminal Justice Act 2015 (ACJA) into law.The NGO made this known during the presentation of a report in Lagos on Thursday.The report is based on results from a survey of the second quarter of 2018 (Q2 2018), with a total [...]

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    Oil prices ‘may hinder naira’ from benefits of weak dollar

Oil prices ‘may hinder naira’ from benefits of weak dollar

Lukman Otunuga, FXTM research analyst, says the naira will not benefit from a weakening dollar if oil prices keep declining at an alarming rate.The dollar dropped into the negative territory on Wednesday after Jerome Powell, chairman, US Federal Reserve said that interest rates are just below neutral-- meaning that it would no longer stimulate the economy.In a market  analysis on Thursday, Otunuga [...]

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    Oil prices rise as Putin expresses cooperation with Saudi Arabia

Oil prices rise as Putin expresses cooperation with Saudi Arabia

Oil prices have witnessed a slight rebound after dropping below $50 a barrel--the first time it has reached that level since October 2017.  [...]

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    FG awards exploration contracts to 10 mining firms

FG awards exploration contracts to 10 mining firms

The federal government says it has awarded contracts for the exploration of the country's mineral resources to 10 firms.According to Reuters, Abubakar Bwari, minister of mining and steel development, disclosed this on the sidelines of the mines and money conference in London on Tuesday.Although he did not reveal the cost of the contracts, Bwari said $100 million had been allocated [...]

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    Kachikwu backtracks, says Nigeria will now achieve fuel sufficiency in 2020

Kachikwu backtracks, says Nigeria will now achieve fuel sufficiency in 2020

Ibe Kachikwu, minister of state for petroleum resources says Nigeria will not achieve fuel sufficiency in 2019 as earlier promised, but in 2020. [...]

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    Bauchi leads northeast as IGR hits N7.04bn in nine months

Bauchi leads northeast as IGR hits N7.04bn in nine months

Bauchi state has set a 2018 record in its internally generated revenue (IGR) which hit N7.04 billion in just nine months.Tunde Fowler, executive chairman, Federal Inland Revenue Service (FIRS) made this known at the 142nd meeting of the Joint Tax Board (JTB) in Bauchi on Monday.Fowler, who is also the chairman of the JTB said the state’s growth rate went [...]

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    False videos were ‘used to illustrate’ Boko Haram attack

False videos were ‘used to illustrate’ Boko Haram attack

Boko Haram: Human rights report condemns use of manipulated videos, pictures of military fighting insurgentsThe Coalition of CSOs on Human Rights and Good Governance has released a preliminary report on the recent attacks by Boko Haram on military posts in Borno state.The coalition said manipulated videos and still images were used to depict the attack on the troops by the [...]

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    Trump hints at starting international TV to counter CNN

Trump hints at starting international TV to counter CNN

US President Donald Trump may be planning to set up an international television network to counter what he called an "unfair and false" representation of the country by CNN.In a tweet on Monday, Trump said CNN had good ratings internationally because it had little competition, but that was not the case in the US.Statistically, CNN International is the most widely [...]

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    Report: Nigeria lost $6bn to OPL 245 deal

Report: Nigeria lost $6bn to OPL 245 deal

Nigeria lost an estimated $6 billion to the controversial deepwater block OPL 245 deal, according to analysts. [...]

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    Federal Mortgage Bank to recover N43bn in 18 months

Federal Mortgage Bank to recover N43bn in 18 months

Ahmed Dangiwa, managing director of the Federal Mortgage Bank of Nigeria (FMBN), says the bank plans to retrieve an estimated N43 billion from debtors in the next 18 months.The exercise will be carried out in collaboration with the special presidential investigation panel for recovery of public property.Dangiwa made the disclosure at the bank’s 2018 annual management retreat which took place [...]

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    OBITUARY: Ikeogu Oke, the exceptional wordsmith who wrote a poem for 27 years

OBITUARY: Ikeogu Oke, the exceptional wordsmith who wrote a poem for 27 years

Among the army of poets that Africa boasts of, Ikeogu Oke is one of the new generation wordsmiths whose repertoire of poems will captivate the mind of the most critical aesthete.A writer and former journalist, Oke died of an undisclosed ailment at the National Hospital in Abuja on Saturday.The 51-year-old was well known for his fervour and love for the arts, [...]

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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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